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6:45 PM ET, February 23, 2024


 Top News: 
Chris Thompson / Defector:
Vice leadership failed to act as responsible stewards of a good product, and instead paid themselves lavish salaries and burned through hundreds of millions  —  Vice was a good website.  On Thursday it was killed by its private equity owners, in a characteristically cruel and sudden maneuver …
Wall Street Journal:
Internal memo: Vice Media “will no longer publish content on” and may partner with established media companies to distribute its content  —  Cuts follow failed effort by owner Fortress to sell embattled digital publisher and its brands  —  Vice Media said it would stop …
Benjamin Mullin / New York Times:
Internal memo: Vice Media executives plan to lay off hundreds of its 900+ employees over the next week, and the company is in advanced talks to sell Refinery29
Sara Fischer / Axios:
NPR affiliate WAMU is shutting down local news site Dcist and laying off 15 employees to focus on audio and plans to add 10 new positions  —  - “We're making the choice to invest in what we're better at than anyone else in this town, and that's audio,” Pulley-Hayes said.
Brian Steinberg / Variety:
WBD reports Q4 revenue down 7% YoY to $10.3B, adjusted EBITDA down 5% YoY to $2.5B, 97.7M global streaming subscribers, and a $103M streaming profit for 2023  —  The owner of the TNT and TBS cable networks,. the Warner Bros. studio and the Max streaming service reported a loss of $400 million …
Eileen AJ Connelly / The Wrap:
WBD's David Zaslav says the joint venture sports app in development with Fox and Disney will include the ability to bundle with Max  —  Warner Bros. Discovery CEO confirms that joint venture app with Fox and Disney will access non-sports content  —  Warner Bros. Discovery CEO David Zaslav confirmed Friday …
Katie Kilkenny / The Hollywood Reporter:
An interview with studio owner Tyler Perry, who says he's putting an $800M studio expansion in Atlanta on hold after seeing the capabilities of OpenAI's Sora  —  The actor, filmmaker and studio owner is raising the alarm about the impact of the tech, saying, “I feel like everybody in the industry …
Bill Ackman hires a law firm, which demands “immediate retractions and corrections” from Business Insider in a “final attempt to avoid litigation”  —  - Law firm issues demand letter on behalf of Ackman's wife  — News outlet published stories saying wife committed plagiarism
Check My Ads Institute:
Paste co-founder and EIC Josh Jackson, whose company bought Jezebel in November 2023, says that overly broad brand safety efforts are hurting journalism  —  Josh Jackson was shocked when he found out what term, if used in the music publication he co-founded, could automatically strip an article of ad revenue.
Jonathan Vanian / CNBC:
Reddit files to list its IPO on the NYSE, reporting revenue up 20% YoY to $804M in 2023, net loss down 43% YoY to $90.8M, 73M DAUs, and a $3.42 global ARPU  —  - Reddit on Thursday filed to go public.  — Its market debut will mark the first major tech initial public offering of the year …
Abner Li / 9to5Google:
Google strikes a deal with Reddit, reportedly for $60M/year, giving Google access to the Reddit Data API to surface more Reddit content and train AI models
Daniel Thomas / Financial Times:
Editor of Vogue China to leave in latest senior Condé Nast exit  —  Rising star Margaret Zhang targeted by ‘toxic’ online campaign for ‘not being Chinese enough’  —  The editor in chief of Vogue China, Margaret Zhang, has left the publishing group in the latest senior departure …
Discussion: Vogue
Sarah Scire / Nieman Lab:
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7 hours ago
Daniel Thomas / Financial Times:
Editor of Vogue China to leave in latest senior Condé Nast exit   Find
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New York Times:
Instagram's news influencers, like Jessica Yellin with 650K+ followers and Mo News with 438K, have become popular even as Meta de-emphasizes political content
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Tampa Bay Times:
Tim Burke is charged with 14 crimes related to alleged computer hacks at Fox News, including six counts of accessing a protected computer without authorization
Max Tani / @maxwelltani:
[Thread] Engadget announces layoffs and a restructuring that separates news and features from reviews and buying advice; EIC Dana Wollman is leaving