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11:20 AM ET, March 29, 2023


 Top News: 
Sara Fischer / Axios:
Substack invites its newsletter writers and others to invest, raising $5M+; source: the raise is an extension of Substack's $65M Series B in March 2021  —  Substack, the newsletter platform, will open up a community fundraising round on Tuesday, allowing writers on the platform to invest in the company.
Max Goldbart / Deadline:
The UK releases its draft Media Bill that could see Netflix, Disney+, and other US streamers fined up to £250K for breaking harmful material rules under Ofcom  —  The UK government has published its long-awaited draft Media Bill to bring the U.S. streamers under its regulatory framework …
A report claims Amazon is considering acquiring theater chain AMC Entertainment Holdings, whose stock initially jumped 18% and closed up 13.19% on March 28  —  Shares of AMC Entertainment Holdings Inc (AMC.N) jumped more than 18% on Tuesday, set for their biggest gain in a month …
Joe Flint / Wall Street Journal:
The NFL and RedBird Capital create EverPass Media to stream NFL games and eventually other events to commercial establishments, starting with the 2023-24 season  —  Sunday Ticket was previously the remit of DirecTV, and YouTube recently acquired residential rights for popular subscription package
Aamna Mohdin / The Guardian:
The Guardian owner Scott Trust apologizes for the role the newspaper's founders played in the slave trade and announces expanded reporting on Black communities  —  Scott Trust to invest in decade-long programme of restorative justice after academic research into newspaper's origins
Ryan Barwick / Marketing Brew:
Google rolls out Ads Transparency Center, letting users search all ads on the platform within 30 days of them running  —  Users will be able to search all ads on the platform within 30 days of them running. … Get out your library cards and pay those late fees: Google is playing librarian.
[Thread] Comparing compensation increases for The New York Times' CEO and other top executives to salaries for NewsGuild members, who are seeking a new contract  —  The @nytimes recently disclosed the latest compensation packages for our top executives. Among the highlights: Our C.E.O., @meredith_levien, was paid $7.6 million in 2022, up from $4.4 million in 2020. That's a 73% increase.
Jem Aswad / Variety:
Email: Warner Music Group CEO says it will eliminate 270 positions, or around 4% of the company's global staff, as it makes “hard choices in order to evolve”  —  Warner Music Group will eliminate 270 positions as part of a wider evolution of the company, new CEO Robert Kyncl announced …
Sara Fischer / Axios:
Gannett CEO Mike Reed says the company's top ~100 dailies bring in ~90% of its newspaper business revenue so they are “probably where most of our focus will be”  —  - CEO Mike Reed said on last month's earnings call that the company “would entertain bids on any of our markets.”
James Rainey / Los Angeles Times:
A look at the decline of Gannett's The Salinas Californian, whose only original content comes from paid obituaries after its last reporter quit in December 2022
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 More News: 
Elias Leight / Billboard:
A Billboard charts analysis: it's a bit harder to get a top 40 hit than 20 years ago, but artists that do have similar odds of building a catalog of big tracks
Omari Daniels / Washington Post:
An appeals court restores Serial podcast subject Adnan Syed's murder conviction, after a lower court didn't give proper hearing notice to the victim's brother
Charlotte Klein / Vanity Fair:
A profile of Kara Swisher where she explains why she left The New York Times, the importance of editorial control and owning your IP, writing a memoir, and more
 Earlier Picks: 
The Verge:
Elon Musk says only verified accounts will be recommended in Twitter's For You tab and be able to vote in polls to address “AI bot swarms”, starting on April 15