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9:25 AM ET, March 30, 2021


 Top News: 
Sources: Substack is raising $65M at a $650M valuation; a16z will lead the round  —  Substack is raising $65 million in new venture capital funding that would value the company at around $650 million, Axios has learned.  Existing investor Andreessen Horowitz is leading the round.
Chris Welch / The Verge:
T-Mobile to shut down TVision's three bundles of live channels at the end of April, after launching in Nov., and is instead partnering with YouTube TV and Philo  —  TVision Live, Live Plus, and Live Zone will go offline on April 29th  —  Only five months after announcing its TVision streaming service …
Felicia Sonmez / @feliciasonmez:
Felicia Sonmez says she has been told by her editors that the Washington Post is rescinding its years-long ban on her from writing about sexual misconduct  —  Hi all. I've been told by my editors that the Post is rescinding its ban. This is good news, but it's unfortunate that it had to come at such a high emotional toll, and after my distress was dismissed for years. I'm taking time to rest and process. Thank you for your support.
Rachael Bade / Politico:
Felicia Sonmez criticized WaPo editors during a staff town hall, revealing that she is barred from writing anything about sexual misconduct or #MeToo
Luke Winkie / Nieman Lab:
Boston Globe's health and life sciences pub STAT is thriving during the pandemic, with monthly unique visitors of 23M+, up from an average of 1.5M in 2019  —  “Our Chartbeat dial went past the maximum.  It went all the way around again.”  —  2020 was one of the grimmest years for the media business on record.
Federal judge dismisses Planet Aid's four year, multimillion-dollar libel lawsuit against Reveal from The Center for Investigative Reporting  —  After more than four years of fighting a multimillion-dollar libel lawsuit brought by international aid group Planet Aid, Reveal from The Center …
Todd Spangler / Variety:
Radio and podcasting company Entercom is rebranding itself to Audacy and retiring  —  After more than 50 years as Entercom Communications, the radio and podcasting company is unfurling a new banner: Effective immediately, it is changing its name to Audacy. … The company's new website is
Discussion: Forbes and RadioInsight
Lucas Shaw / Bloomberg:
A look at Roku's experiment with original programming: acquiring shows at a fire-sale price instead of committing billions of dollars to original shows  —  Roku Sells You TV Dongles.  So Why Is It Making TV Series?  —  When Cody Heller found out Roku was buying her show “Dummy,” she was thrilled.
Lukas I. Alpert / Wall Street Journal:
Mason Slaine, who owns a 3.4% stake in Tribune, says he would commit $100M toward Bainum's Tribune bid, aiming to acquire the Orlando Sentinel and Sun Sentinel  —  Mason Slaine, a minority Tribune investor, is looking to acquire the Orlando Sentinel and the Sun Sentinel
DraftKings acquires Vegas Sports Information Network, a broadcast and content company that delivers sports betting news, analysis, and data  —  DraftKings Inc. (Nasdaq: DKNG) today announced that it has acquired Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast …
Sarah E. Needleman / Wall Street Journal:
Cameo, which now has 40,000 personalities, raises $100M from Vision Fund 2 and others at a $1B+ valuation, up from $300M in 2019  —  The four-year-old video platform features more than 40,000 personalities but faces increased competition, potentially from Facebook
Kristen Hare / Poynter:
McClatchy is outsourcing page design and typesetting to Express KCS, cutting more than 26 jobs by August 15  —  The company has had more than 200 layoffs in different departments since the pandemic began  —  On Monday, McClatchy announced a change to its page design and typesetting via an email that Poynter obtained.
New York Times:
Since Columbine, reporting on mass shootings in the US has evolved to focus more on victims, with journalists more cautious about the shooter's supposed motives  —  After that school shooting, the media faced criticism for focusing on the assailants rather than on the victims.
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 More News: 
Lucy Campbell / The Guardian:
BBC had £880M of annual recurring savings since 2016/17, beating its target a year ahead of schedule; to cut costs, BBC Four will be focused on archived content
Ronan Shields / Adweek:
Ad tech company TripleLift sells a majority stake to Vista Equity Partners, sources say for $1.4B
 Earlier Picks: 
The Guardian:
Sources: UK government delays US-style televised briefings until mid-May, as it considers whether to continue a war with the media on “culture war” topics
Todd Spangler / Variety:
News Corp will acquire the consumer arm of educational publisher Houghton Mifflin Harcourt for $349M in cash and will combine it with HarperCollins Publishers
Ben Smith / New York Times:
Inside Harper's, which has struggled in the digital era but is nonetheless America's most interesting magazine and offers one of media's oddest workplaces