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6:30 PM ET, March 22, 2022

Mediagazer

 Top News: 
Katie Robertson / New York Times:
BuzzFeed News EIC Mark Schoofs says he and two other top editors are leaving, as BuzzFeed CEO Jonah Peretti announces job cuts affecting ~1.7% of company staff  —  Mark Schoofs, the site's editor in chief, is among the departures.  The company's chief executive said BuzzFeed News would need to …
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Alex Sherman / CNBC:
Sources: several large shareholders have urged BuzzFeed CEO Jonah Peretti to shut down the site's news division, which has ~100 employees and loses ~$10M/year  —  - Several large shareholders have urged BuzzFeed CEO Jonah Peretti to shut down the company's news organization.
A.J. Katz / TVNewser:
NBC News Digital names BuzzFeed News deputy EIC Tom Namako as executive editor, starting on April 25, replacing David Firestone, who is retiring after 40+ years  —  NBC News has named Tom Namako the new Executive Editor of NBC News Digital, beginning April 25.
Will Feuer / Dow Jones Newswires:
BuzzFeed reports $40.4M in Q4 net income, up 25% YoY from $32.2M, and revenue of $145.7M, up 18% YoY, driven by 33% YoY growth in its content revenue segment  —  Digital-media publisher BuzzFeed Inc. said its revenue and profit rose in the three months ended Dec. 31.
Sara Fischer / Axios:
Ben Smith and Justin Smith plan to name their media company Semafor, which they believe is “a very viable and successful option” for trademarking globally  —  Ben and Justin Smith plan to name their new company “Semafor,” a word used to describe a method of communication via two visual signals, the pair confirmed to Axios.
Jennifer Schuessler / New York Times:
A look at Compact, a new online magazine funded by unnamed investors and edited by two religious conservatives and a Marxist labor populist  —  Compact, a new online magazine edited by two religious conservatives and a Marxist proponent of “labor populism,” aims to challenge both “a libertine left and a libertarian right.”
Sara Fischer / Axios:
Recurrent Ventures, owner of Popular Science and MEL, acquires digital and print B2B publication Business of Home, its 25th acquisition in under five years  —  Recurrent Ventures, a venture equity-backed digital media company, has acquired Business of Home, a digital and print publication dedicated …
Discussion: @sarafischer, @rafat and @bmorrissey
Sara Fischer / Axios:
Ex-Trump staffers, including Donald Trump Jr., are launching a news aggregation app called MxM News, to fill a void left by the Drudge Report's waning influence  —  Former Trump staffers, including Donald Trump, Jr., are launching a news aggregation app called “MxM News” …
Jon Lafayette / Next TV:
NBCU says it has certified eight more Nielsen alternatives for audience measurement and audience verification, including Comscore, DoubleVerify, and Conviva  —  Certifies providers of audience measurement and audience verification  —  NBCUniversal, which has been vocal in its search …
Discussion: Ad Age and MediaPost
ProPublica:
ProPublica promotes deputy managing editor Tracy Weber to managing editor, succeeding Robin Fields, who served for nine years and is returning to reporting  —  ProPublica announced Monday that Tracy Weber, deputy managing editor, has been promoted to managing editor.
Ashley Carman / The Verge:
A look at the confusion, culture clash, and shifting goals in SiriusXM's Stitcher deal, as many shows and over 25% of Stitcher's staff left post-acquisition  —  SiriusXM leapt into podcasts with a $325 million deal — insiders say it's off to a messy start  —  Illustrations by Vincent Kilbride for The Verge
Jacob Kastrenakes / The Verge:
Yuga Labs, the owner of three of the top NFT brands including Bored Ape Yacht Club, raises $450M at a $4B valuation led by a16z to build an NFT media empire  —  The funding values Yuga Labs at $4 billion  —  Yuga Labs, the owner of three of the biggest NFT brands on the market …
 
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 More News: 
Associated Press:
Small groups of Disney employees staged demonstrations across the US on Tuesday, protesting CEO Bob Chapek's slow response to Florida's “Don't Say Gay” bill
Dessi Gomez / The Wrap:
Twitter suspends the Babylon Bee's account for violating its hateful conduct policy by sharing a link to an article awarding Rachel Levine its “man of the year”
Catie Keck / The Verge:
Roku announces OS 11, coming soon, with a curated “what to watch” hub and custom screensavers; Roku's app will add info about content and where to stream it
more at Techmeme »
 Earlier Picks: 
Charlotte Tobitt / Press Gazette:
A UK judge rules journalist Chris Mullin won't have to turn over his notes to the police; his investigation helped overturn convictions in the 1974 IRA bombings
William Turvill / Press Gazette:
Staffers at Creators Media Group, Ukraine's largest publisher of tech news sites, recount their experiences as they continue to file stories, now all about war
Yuvraj Malik / Reuters:
Tencent Music plans to pursue a secondary listing in Hong Kong, after reporting an 8.7% YoY drop in Q4 revenue, including a 15% YoY drop in social entertainment
Discussion: Benzinga
Shubham Sharma / VentureBeat:
Applied XL, founded by two computational journalists to provide real-time data, raises a $3.5M seed led by Hearst Ventures, with STAT and others participating
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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