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8:10 AM ET, March 23, 2022

Mediagazer

 Top News: 
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.
RELATED:
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 …
A.J. Katz / TVNewser:
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.
Camille Gijs / Politico:
Reuters removes Russian wire service TASS from its B2B marketplace Reuters Connect, following criticism from Reuters staff over TASS' content  —  Reuters will remove all the content of the Russian state news agency TASS from its business-to-business service Reuters Connect, it said Wednesday in an internal email to staff.
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.
Ken White / The Popehat Report:
The New York Times' Editorial Board essay on free speech was incoherent nonsense and its ill-defined criticisms of “cancel culture” will only inflame debate  —  What the NYT Cancel Culture Editorial Got Wrong, And What It Got Right  —  If you want to be a decent person, you should care about how you treat other people.
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.”
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
Lucas Shaw / Bloomberg:
While Gary Vaynerchuk and Web3 thinkers share ideas about fans being “the new record label”, decentralized systems will struggle to replace studios and labels  —  If you've spent any time on the internet this year, chances are you've heard about cryptocurrencies, NFTs, the metaverse or web3.
Ashley Carman / Bloomberg:
Sources: Spotify will rename its live conversation product, from Greenroom to Spotify Live, and plans to integrate the content into its main app in Q2  —  Spotify Technology SA is renaming its live conversation product and integrating the content into its main streaming app to make the service …
 
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 More News: 
Joel Simon / Columbia Journalism Review:
How group messaging tools like WhatsApp and Signal plus tracking technology have changed how newsrooms manage their reporting teams in Ukraine
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
Josh Gerstein / Politico:
Project Veritas lawyers claim US government investigators subpoenaed emails of Veritas staffers from Microsoft and gagged Microsoft from divulging the orders
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
Jon Lafayette / Next TV:
NBCU says it has certified eight more Nielsen alternatives for audience measurement and audience verification, including Comscore, DoubleVerify, and Conviva
Discussion: Ad Age and Ad Age
 Earlier Picks: 
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”
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
ProPublica:
ProPublica promotes deputy managing editor Tracy Weber to managing editor, succeeding Robin Fields, who served for nine years and is returning to reporting
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
Discussion: FlatpanelsHD
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