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4:25 AM ET, April 2, 2025

Mediagazer

 Top News: 
CNBC:
Newsmax shares jumped 179% on April 1 and have risen 1,500%+ since their March 31 debut, bringing the company's market cap to ~$20.8B, above WBD and Fox Corp  —  Shares of conservative cable channel Newsmax soared nearly 180% Tuesday, a day after the stock's dizzying debut on the New York Stock Exchange.
Stephen Battaglio / Los Angeles Times:
Steve Kornacki signs a deal with NBC News and NBC Sports and departs from MSNBC, which Comcast is spinning off into a new corporate entity  —  MSNBC viewers have seen the last of Steve Kornacki's big board.  —  The popular data maven has signed a deal with NBC that will expand his presence across …
American Journalism Project:
John Thornton, founder of The Texas Tribune, co-founder of the American Journalism Project, and venture capitalist, has died at age 59  —  It is with great sadness that we share the news that John Thornton, co-founder of the American Journalism Project and Elsewhere Partners …
Katie Strang / New York Times:
How the repetition of a false rumor by ESPN's Pat McAfee, ESPN radio hosts, and others negatively impacted an Ole Miss student, who plans to sue  —  It is Feb. 26, and “The Pat McAfee Show” is filming in Indianapolis the week of the NFL Scouting Combine.  McAfee sits behind a desk.
Wired:
Trump gutting a small federal agency that provides funding to libraries and museums could threaten access to digital services such as the free ebook app Libby  —  The Institute of Museum and Library Services has long received bipartisan support.  But after years of trying, President Donald Trump has delivered it a crushing blow.
Charlotte Tobitt / Press Gazette:
An interview with Vox EIC and Publisher Swati Sharma on a boom in paying readers after Trump's inauguration, building a community, and reaching “news avoiders”  —  Editor Swati Sharma on how Vox has evolved now everyone is doing explainers.  —  According to “explainer” …
Kyle Wiggers / TechCrunch:
In a new paper, Tim O'Reilly and other researchers say OpenAI likely trained GPT-4o on paywalled books from O'Reilly Media without a licensing agreement  —  OpenAI has been accused by many parties of training its AI on copyrighted content sans permission.  Now a new paper by an AI watchdog …
Amanda Silberling / TechCrunch:
US nonprofit National Novel Writing Month, recently embroiled in AI and content moderation scandals, shuts down after 25 years, citing financial issues  —  NaNoWriMo, a twenty-five-year-old online writing community-turned-nonprofit, announced on Monday evening that it is shutting down.
Benjamin Mullin / New York Times:
An NPR document from February 2011 estimated defunding could cut up to $240M from the public radio system and close up to 18% of roughly 1,000 member stations  —  Republicans say there is no reason for the government to fund the public broadcasters.  —  There is no reason, Republicans say, for the government to fund NPR and PBS.
Andreas Wiseman / Deadline:
Ketchup Entertainment buys Coyote vs. Acme from WBD, which shelved it in November 2023 as a cost-cutting measure; the movie is expected in theaters in 2026  —  Ketchup Entertainment today confirmed their completed deal for worldwide rights to the live-action/animated hybrid film …
Max Goldbart / Deadline:
BBC and ITV's new contracts with actors' union Equity won't include AI safeguards as they await the outcome of Equity negotiations with producer trade body Pact  —  At a time when future AI and its uses are a major industry talking point, Deadline is told that Equity's initial intention …
Sportico:
Sources: the NHL has reached an agreement with Rogers on a new 12-year Canadian TV deal that will pay the league about $7.7B, starting with the 2026-27 season  —  The NHL has reached an agreement with Rogers Communications on a new 12-year Canadian TV deal that will pay the league about $7.7 billion …
 
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 More News: 
Aisha Malik / TechCrunch:
TikTok is shutting down its Instagram competitor, TikTok Notes, on May 8, directing users to Lemon8, a similar ByteDance-owned app
Jake Kanter / Deadline:
YouTube suspends two major fake movie trailer channels from its partner program, following Deadline's report on studios earning ad revenue from the trailers
Charlotte Tobitt / Press Gazette:
The Sun reports revenue down 3% YoY to £296.3M and an £18M loss in the year to 30 June 2024; The Times reports revenue down 0.6% to £383.4M and a £61M profit
Discussion: Telegraph and City A.M.
Kendra Barnett / Adweek:
Google is bringing its immersive Rewarded Video ads to Roblox, letting users watch ads in exchange for in-game benefits like virtual currency or power-ups
Bari Weiss / The Free Press:
The Free Press announces Tyler Cowen, Jed Rubenfeld, Matthew Continetti, and Batya Ungar-Sargon as new columnists, with Coleman Hughes bringing his podcast
 Earlier Picks: 
Kendra Barnett / Adweek:
Leaked docs: Omnicom offered clients who didn't spend on X in 2024 an added value of 50%, up to $200K, for buying X ads during Q1 2025, among other incentives
Neel Dhanesha / Nieman Lab:
ProPublica is using ads on a LED billboard truck to attract sources in the federal government as DOGE dismantles USAID and other agencies
Oliver Darcy / Status:
The Daily Wire's communications chief, Alyssa Cordova, departs as the company frames co-CEO Jeremy Boreing's demotion as his own choice and lays off some staff
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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