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6:55 PM ET, February 24, 2026

Mediagazer

 Top News: 
Lauren Hirsch / New York Times:
WBD says Paramount's new $31-a-share offer could lead to a better deal than Netflix's, potentially triggering a four-day period for Netflix to revise its bid  —  Warner Bros. Discovery said Paramount's new offer of $31 a share could lead to a “superior proposal” to the deal it signed with Netflix.
RELATED:
The Hollywood Reporter:
WBD confirms that it received a revised bid from Paramount to acquire the company, but says it still recommends that shareholders vote for Netflix's deal
K.J. Yossman / Variety:
The UK plans to update the Media Act 2024 to bring streaming platforms with 500K+ users under “enhanced” Ofcom regulation, giving it power to investigate them  —  Streaming platforms in the U.K. are set to come under “enhanced regulation” from media regulator Ofcom …
New York Times:
The FTC and FCC are engaging in a hostile takeover of the marketplace of ideas by treating editorial decisions as fraud and conditioning mergers on news content  —  The Federal Trade Commission and the Federal Communications Commission were designed to be independent stewards of the public interest …
Ivan Mehta / TechCrunch:
Mogul, founded by ex-SoundCloud execs to help artists track royalties, raised $5M and says it has helped track $1.5B in lost royalties since 2025  —  Music rights and royalties are a complex world.  There are multiple types of royalties, and artists need to make sure that their data …
Emma Roth / The Verge:
Google says AI music generation platform ProducerAI is joining Labs and will be powered by a Lyria 3 preview version; ProducerAI was developed alongside artists  —  ProducerAI will use Google's Lyria 3 AI model to help users generate sounds, workshop lyrics, remix songs, and more.
Zac Ntim / Deadline:
BAFTA tells members a “comprehensive review” is underway after a Tourette's campaigner involuntarily said a racial slur during the ceremony  —  BAFTA told its members this afternoon that it has started what it described as a comprehensive review of Sunday's Film Awards …
RELATED:
Jake Kanter / Deadline:
Source: Warner Bros. raised concerns about the involuntary racial slur during the BAFTA Film Awards and requested the incident be removed from the BBC broadcast
Alex Ritman / Variety:
BAFTA says it takes “full responsibility” for putting its “guests in a very difficult situation”, after a Tourette's campaigner made several offensive comments
Sarah Perez / TechCrunch:
YouTube updates its $7.99-per-month Premium Lite subscription to let users download videos for offline access and play videos in the background  —  YouTube is expanding its more affordable, $7.99 per month Premium Lite subscription service with new features, including the ability to download videos …
Cynthia Littleton / Variety:
Memos: Disney's chief communications officer, Kristina Schake, is leaving on March 18 after four years, as Bob Iger ends his run as CEO  —  The former Biden administration and Michelle Obama aide joined the studio in June 2022  —  Kristina Schake will end her four-year run …
Tom Singleton / BBC:
The UK ICO fines Reddit £14.47M for unlawfully using children's personal information; Reddit began verifying user ages in July 2025 to comply with the UK OSA  —  Reddit has been fined £14.47m by the UK's data watchdog for unlawfully using children's personal information.
Georg Szalai / The Hollywood Reporter:
At a panel, Tubi MD David Salmon said “consumers candidly don't care” if content is professionally produced, creator-produced, or UGC  —  David Salmon, along with Pluto TV and DAZN execs, discussed sports as a streaming user driver and inspiration for “shoulder content” at MIP London.
Robert Channick / Chicago Tribune:
Sources: Nexstar's WGN-TV in Chicago has laid off eight veteran reporters and anchors; the outlet has been eliminating a variety of positions for several months  —  The ax is falling at WGN-Ch. 9, cutting a wide swath out of “Chicago's Very Own” TV newsroom.
 
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 More News: 
Lily Mae Lazarus / Fortune:
Profound, which tracks how AI models recommend brands across millions of prompts, raised a $96M Series C at a $1B valuation, bringing its total funding to $155M
Discussion: SiliconANGLE and Profound
Mark Maurer / Wall Street Journal:
Roku reported an $88.4M profit in 2025, after a $498M loss in 2022, a $709.6M loss in 2023, and a $129.4M loss in 2024, boosted by new ad deals and cost cutting
Alice Brooker / Press Gazette:
B2B media brand DatacenterDynamics says revenue rose 175% to £11M+ per year since 2020 amid the AI boom, and it hit 22.5M views in 2025, up from 2024's 17.3M
 Earlier Picks: 
Georg Szalai / The Hollywood Reporter:
An interview with BBC Studios executives about BBC News' popularity in the US, WBD-Netflix merger, success of BritBox and BBC Select in North America, and more
Discussion: Deadline
Rachel Scharf / Billboard:
Isaac Hayes' estate settles with President Trump to end its lawsuit over the allegedly unauthorized use of the song Hold On, I'm Comin' at 2024 election rallies
Katie Campione / Deadline:
NBCU says the 2026 Milan Cortina Olympics averaged 23.5M viewers on its platforms for US afternoon and primetime periods, up 96% from the 2022 Beijing Olympics
Aidan Ryan / The Boston Globe:
The Boston Globe didn't print a paper for February 24 delivery due to the blizzard, the first time executives canceled a print edition in its 153-year history
Max Tani / Semafor:
How The Economist, which has been consistently profitable, is bracing for change amid editorial tensions and questions about its long-term future and stability
 

 
From Techmeme:

Axios:
Sources: DOD told Anthropic it will invoke the Defense Production Act or label Anthropic a “supply chain risk”, if not given unfettered Claude access by Friday

Wall Street Journal:
Meta agrees to acquire up to 6GW of AMD Instinct GPUs in a deal valued at $100B+ that could see Meta own up to 10% of AMD; Meta plans to deploy 1GW in 2026

Mark Gurman / Bloomberg:
Sources: MacBook Pros with touch screens, due this fall, will have a Dynamic Island and a refreshed, dynamic UI optimized for touch or point-and-click input
 
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