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10:15 PM ET, February 14, 2024

Mediagazer

 Top News: 
Bloomberg:
Court filings show that Soros Fund Management could become the biggest shareholder of Audacy when the radio and podcast company emerges from bankruptcy  —  - Fund owns more than $400 million of Audacy's first-lien debt  — Radio company's restructuring would hand ownership to lenders
Natalie Korach / The Wrap:
As The Daily Beast put Confider on hiatus, weeks after editor at large Lachlan Cartwright left, sources say the media newsletter could instead be “dead”  —  “We decided to put Confider on hiatus after Lachlan Cartwright, who initiated it, departed The Daily Beast,” The Daily Beast editor in chief said in a statement
Discussion: @danackerman
BBC R&D:
The BBC plans to continue its Mastodon trial for at least six months and publish its work using ActivityPub, after gaining 60K followers on six trial accounts  —  In July 2023 we announced our plan to establish a BBC presence in the distributed collection of social networks known as the Fediverse …
Damilare Dosunmu / Rest of World:
Omdia: South African streaming company Showmax had 2.1M subscribers in Africa at the end of November 2023, ahead of Netflix's 1.8M and Amazon Prime Video's 300K  —  Showmax sits at the top of the market with a vast library of local content, partnerships with Comcast and HBO …
Wall Street Journal:
Sources: Walmart is in talks to buy smart TV manufacturer Vizio for $2B+, as the company looks to bolster its advertising business in its battle with Amazon  —  Retail giant discussing a more than $2 billion deal that would boost its advertising business in battle with Amazon
Roger Cheng / Cord Cutters News:
Altice USA's Optimum lost 114,000 internet subscribers and 266,700 cable TV subscribers in 2023, including 62,200 cable subscribers in Q4  —  Cable and internet provider Optimum continues to bleed customers at an alarming rate even as it lost money.  —  The company reported fourth-quarter results …
Discussion: Altice USA, Inc. and Next TV
Committee to Protect Journalists:
Iranian authorities raided the newsroom of economic news site FardayeEghtesad on February 5, initially detaining 30 staff; four journalists are still detained  —  Washington, D.C., February 13, 2024—Iranian authorities must immediately release four journalists from the FardayeEghtesad news site …
Discussion: Trusting News and Nieman Lab
Sara Fischer / Axios:
An interview with Jimmy Finkelstein, who says The Messenger's model was working and the outlet would have been profitable by August 2024 if it had raised $20M  —  The Messenger CEO Jimmy Finkelstein told Axios he did not mislead a New York Times reporter about the company's revenue …
 
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 More News: 
Brian Steinberg / Variety:
Geraldo Rivera joins Nexstar Media's NewsNation as a correspondent at large; Rivera left Fox News in 2023 due to tensions with Greg Gutfeld
Patrick Frater / Variety:
Sony Pictures reports Q3 sales up 5% YoY to $2.47B, operating income up 56% to $281M; Sony Music revenue up 16% YoY to $2.81B, operating income up 21% to $507M
 Earlier Picks: 
Michael M. Grynbaum / New York Times:
Though Karine Jean-Pierre is press secretary, John Kirby, WH national security communications adviser, has increasingly co-hosted briefings since October 7
Rick Porter / The Hollywood Reporter:
Jon Stewart's Daily Show return drew 930K viewers, the most for a Daily Show installment in almost six years; simulcasts brought the total to 1.85M viewers
 

 
From Techmeme:

Gavin Anderegg / anderegg.ca:
Bluesky is working to become fully decentralized but it could take years amid financial concerns as it makes money only by selling domains for usernames

Wall Street Journal:
Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuations ever

Wall Street Journal:
Sources: T-Mobile's network was among the systems hacked by the China-linked Salt Typhoon group, and some foreign telecommunications firms were also compromised

 
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