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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

From Techmeme:

Robert McMillan / Wall Street Journal:
A profile of CrowdStrike, founded in 2011 and used by 300 companies in the Fortune 500; Gartner: CrowdStrike has ~15% of the global security software market

Dean Takahashi / VentureBeat:
Over 200 Bethesda Game Studios workers unionize with the CWA, forming the first “wall-to-wall” union at a Microsoft game studio; Microsoft recognized the union

Joseph Cox / 404 Media:
The UK and US announce the arrest of a 17-year-old boy from Walsall, UK, suspected of being connected to the ransomware attack against MGM Resorts in 2023

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