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10:00 AM ET, February 24, 2021

Mediagazer

 Top News: 
Nick Clegg / About Facebook:
Facebook defends its stance in Australia, says it invested $600M since 2018 to support the news industry and plans at least $1B more over the next three years  —  Last week, in a move that will have felt abrupt and dramatic to many, Facebook announced it was stopping the sharing of news on its service in Australia.
RELATED:
Joshua Benton / Nieman Lab:
Facebook's Australia news ban shows tech giants don't mind giving up money to appease regulators and business, but will not give up control over platforms  —  [Warning: Violent and gruesome metaphor ahead.]  —  In The Usual Suspects (1995), there's a scene in which the true extent …
ABC:
Australia says Facebook agreed to reinstate news content in Australia in the coming days after the government promised amendments to its proposed media bill  —  We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work.
Australian Financial Review:
Kerry Stokes' Seven West Media announces it has signed a letter of intent to provide news to Facebook; sources say Nine and News Corp deals are expected soon
Simon Wilkie / The Conversation:
Australia's news media code debate has mostly focused on large media players, but the attention should be on protecting the sustainability of small publishers
Theodore Schleifer / Vox:
Sources: the founder of Acronym, which backs Courier Newsroom, wants to raise $65M to push progressive local news and match the dominance of conservative media  —  It's called the Project for Good Information, and it raises big questions about the future of the information wars.
Hirsh Chitkara / Protocol:
Inside Chess.com's streaming success, with Twitch users watching 18.3M hours of chess content in January, nearly as much as they consumed throughout all of 2019  —  There's something inherently perverse in calling chess “open source.”  It's a bit like saying France “pivoted” …
Todd Spangler / Variety:
YouTube to roll out a “supervised” account option in beta in the coming months in more than 80 countries, aimed at kids that are too old for YouTube Kids  —  YouTube is launching a PG version of the internet's biggest video service.  —  A new “supervised” YouTube account option …
Reuters:
Thomson Reuters will invest $500M to $600M over two years in AI, and aims to cut annual expenses by $600M as it transitions into “a content-driven tech company”  —  NEW YORK (Reuters) - Thomson Reuters Corp will streamline technology, close offices and rely more on machines …
Discussion: Talking Biz News
The Guardian:
Guardian launches a project focused on human rights abuses, becoming the first global media organization with a dedicated human rights reporting team  —  GNM press office  —  Today the Guardian and the Observer launched Rights and Freedom, a two-year reporting project focused on investigating …
Discussion: @hancock_steph, @lauraagustin and @taradermott, Thanks:@sdp
 
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 More News: 
Lillian Rizzo / Wall Street Journal:
Black News Channel, largely backed by Jacksonville Jaguars owner Shad Khan, has boosted its potential audience to 52M+ households from about 2.5M in July 2020
Deadline:
Movie theaters in New York City can reopen on March 5 at 25% capacity with health protocols including air filtration, mandatory masks, and social distancing
 Earlier Picks: 
Adam Gabbatt / The Guardian:
Al Jazeera is launching Rightly, a digital media channel led by Fox News Veteran Scott Norvell, for those who “feel left out of conservative media”
Sahil Patel / Wall Street Journal:
VidMob, which provides tools to create and improve digital ads, raises $50M Series C with Shutterstock, Adobe among investors; source: VidMob is valued at $290M
Ashley Carman / The Verge:
Q&A with Spotify's Daniel Ek on growing the number of creators on the service and engaging with them, podcast success metrics, Clubhouse, and more
Kelsey McKinney / Defector:
Internal memo: Slate indefinitely suspended The Gist host Mike Pesca over a Slack discussion; sources: he argued for the use of the N-word in some cases