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9:50 AM ET, February 23, 2024


 Top News: 
Benjamin Mullin / New York Times:
Internal memo: Vice Media executives plan to lay off hundreds of its 900+ employees over the next week, and the company is in advanced talks to sell Refinery29  —  Vice Media, which emerged from bankruptcy last year, is planning to cut hundreds of its more than 900 employees, according to people familiar with the matter.
Wall Street Journal:
Internal memo: Vice Media “will no longer publish content on” and may partner with established media companies to distribute its content  —  Cuts follow failed effort by owner Fortress to sell embattled digital publisher and its brands  —  Vice Media said it would stop …
Jonathan Vanian / CNBC:
Reddit files to list its IPO on the NYSE, reporting revenue up 20% YoY to $804M in 2023, net loss down 43% YoY to $90.8M, 73M DAUs, and a $3.42 global ARPU  —  - Reddit on Thursday filed to go public.  — Its market debut will mark the first major tech initial public offering of the year …
Abner Li / 9to5Google:
Google strikes a deal with Reddit, reportedly for $60M/year, giving Google access to the Reddit Data API to surface more Reddit content and train AI models  —  Google today announced an “expanded partnership” with Reddit that sees it get access to the forum website's data for training and other product uses.
Tampa Bay Times:
Tim Burke is charged with 14 crimes related to alleged computer hacks at Fox News, including six counts of accessing a protected computer without authorization  —  Burke, a nationally recognized media consultant, is scheduled to appear in federal court Thursday in Tampa.
Katie Kilkenny / The Hollywood Reporter:
An interview with studio owner Tyler Perry, who says he's putting an $800M studio expansion in Atlanta on hold after seeing the capabilities of OpenAI's Sora  —  The actor, filmmaker and studio owner is raising the alarm about the impact of the tech, saying, “I feel like everybody in the industry …
Sarah Scire / Nieman Lab:
Brian Steinberg / Variety:
WBD reports Q4 revenue down 7% YoY to $10.3B, adjusted EBITDA down 5% YoY to $2.5B, 97.7M global streaming subscribers, and a $103M streaming profit for 2023  —  The owner of the TNT and TBS cable networks,. the Warner Bros. studio and the Max streaming service reported a loss of $400 million …
New York Times:
Instagram's news influencers, like Jessica Yellin with 650K+ followers and Mo News with 438K, have become popular even as Meta de-emphasizes political content  —  In this year's presidential election, more people are turning to Instagram for news, even as the platform tries de-emphasizing “political content.”
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 More News: 
Sheila Dang / Reuters:
Google plans to integrate Gemini into its Performance Max ad placement tool, helping brands generate longer headlines, after adding Gemini to Google Workspace
Max Tani / @maxwelltani:
[Thread] Engadget announces layoffs and a restructuring that separates news and features from reviews and buying advice; EIC Dana Wollman is leaving
 Earlier Picks: 
Sara Fischer / Axios:
Substack says 3M+ customers subscribe to paid newsletters on its platform, up from 2M in February 2023, and credits its recommendations feature for the growth
Miranda Bryant / The Guardian:
In a Danish court, prosecutors allege a man fraudulently made ~£502K in royalties from music streamers and breached copyright law
Discussion: The Kyiv Independent and CMU
Dr Richard Fletcher / Reuters Institute for the Study of Journalism:
Analysis: at 2023's end, 48% of the top news websites in the US, the UK, and eight others had blocked OpenAI's crawler and 24% had blocked Google's AI crawler