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8:45 PM ET, April 3, 2025

Mediagazer

 Top News: 
Adam Satariano / New York Times:
Sources: the EU is preparing penalties against X for breaking the DSA, including demands for product changes and a fine that a source says could surpass $1B  —  European regulators are considering fining X more than $1 billion, after weighing the risks of further antagonizing Mr. Musk and President Trump.
Ethan Shanfeld / Variety:
Director Carl Rinsch pleads not guilty to fraud and money laundering after allegedly taking $11M from Netflix for an unfinished series; trial is set for Sept. 8  —  Rinsch, who was out on a $100,000 bond, appeared in a downtown Manhattan courthouse Thursday afternoon for the arraignment …
Discussion: Rolling Stone and Deadline
Bron Maher / Press Gazette:
The Independent says it hired seven people for its AI-written summarization service, Bulletin, and that the stories often outperform the human-written originals  —  Independent UK editor Chloe Hubbard said the new AI-written service “works commercially”.  —  The Independent's UK editor …
Yun Li / CNBC:
Newsmax shares fell 77.5% on Wednesday after a 2,230% surge in its first two days on the NYSE; NMAX rose 5%+ on Thursday  —  Shares of conservative news channel Newsmax plunged more than 70% on Wednesday as its meteoric rise as a new public company proved to be short-lived.
Naman Ramachandran / Variety:
Australian PM Anthony Albanese asserts his support for local content quotas on streaming platforms, despite pushing their implementation back from July 1  —  Australian Prime Minister Anthony Albanese has doubled down on the government's commitment to implement local content quotas for streaming platforms …
Discussion: Daily Mail, Crikey, Time, Reuters and Bloomberg
Bloomberg:
AI video startup Runway raised $308M led by General Atlantic, sources say at a $3B+ valuation, and plans to hire more filmmakers, screenwriters, and others  —  The deal, which is set to be announced Thursday, pushes Runway's value to just over $3 billion, according to people familiar …
Jerusalem Post:
Jerusalem Post EIC Zvika Klein has been released from house arrest after police questioned him several times over four days about his coverage of Qatar  —  “Contrary to what the Attorney-General's statement suggests, he was not part of any 'apparatus,” representatives of Klein said.
Denise Petski / Deadline:
MTV's Video Music Awards will be broadcast on CBS for the first time this year; the show will simulcast on MTV and stream on Paramount+ on September 7  —  For the first time, CBS will broadcast the 2025 Video Music Awards, live from UBS Arena on Sunday, Sept. 7 (8-11 PM, ET/5-8 PM PT), and streaming on Paramount+.
Brian Steinberg / Variety:
A look at CBS' bet on its massive overhaul of the Evening News, with greater emphasis on in-depth reporting on the ground from places beyond NYC, DC, and LA  —  Billboard Women in Music 2025  —  The venerable “CBS Evening News” has, for many of its viewers, been something consumed along with dinner.
Katie Deighton / Wall Street Journal:
Former Vice CEO Nancy Dubuc joins Togethxr, a media and commerce startup focused on women's sports, as executive chair; source: revenue so far in 2025 is $30M  —  The media veteran joins a group of her industry peers at Togethxr, a company that aims to capitalize on interest in women's sports
Discussion: Deadline and TVNewsCheck
 
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 More News: 
Taylor Lorenz / User Mag:
YouTube quietly removed “gender identity” from its hate speech policy after Trump took office; Google says enforcement of the policy remains unchanged
Sean Burch / The Wrap:
DMGT signs a deal with Storied Media Group to help the Daily Mail and New Scientist license stories to production companies and create branded content
Wikimedia:
Wikimedia says bandwidth usage for multimedia content grew 50% since January 2024, driven by AI training bots; 65% of resource-consuming traffic comes from bots
 Earlier Picks: 
Pranav Mukul / The Economic Times:
Bengaluru-based Pratilipi, which runs Pratilipi Comics, podcasting studio IVM, and more, raised a $20M Series E at a $100M valuation, down from $265M in 2021
Discussion: YourStory.com
Ashley Carman / Bloomberg:
A look at the ascent of true crime podcaster John Allen, known as MrBallen, and the success of Ballen Studios, which employs 70 people and produces seven shows
Brendan Ruberry / Semafor:
Users complain that three well-known sites that help avoid paywalls, including archive.is, redirected them to Russia's RT for at least five days as of Tuesday
Kaya Yurieff / The Information:
Source: President Trump plans to announce TikTok America, a company that is ~50% owned by US investors and 19.9% by ByteDance, which would license the algorithm
Bron Maher / Press Gazette:
Newsquest's editorial development director says it now employs 36 “AI-assisted” reporters, freeing up the rest of the newsroom to “be out pounding the beat”