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12:15 PM ET, February 26, 2024

Mediagazer

 Top News: 
Scott Nover / Slate:
Websites that shut down make it hard for journalists to preserve writing clips, but maintaining a defunct site creates technical issues including security risks  —  Vice workers scrambled this week to save their work, just in case.  Would keeping it online really cost so much?
RELATED:
Chris Thompson / Defector:
Vice leadership failed to act as responsible stewards of a good product, and instead paid themselves lavish salaries and burned through hundreds of millions
Lauren Forristal / TechCrunch:
BLKFAM, a free, ad-supported streaming service focused on Black families, launches in the US with 1,000+ hours of kid-friendly animation titles and more  —  BLKFAM is a free, ad-supported, Black-focused family streaming service launching today to give Black Americans access to more than 1,000 hours …
The Guardian:
Former TV news executives and others criticize Ofcom for allowing GB News to violate broadcasting impartiality rules by dragging its feet with investigations  —  Ofcom is accused of not treating all broadcasters the same and of dragging its feet with investigations into the rightwing channel
Discussion: Mediaite
Sam Buckingham-Jones / Australian Financial Review:
Australian businessman Kerry Stokes launches The Nightly, a daily online newspaper with backing from billionaires Katie Page, Chris Ellison, and Gina Rinehart  —  Billionaires Katie Page, Chris Ellison and Gina Rinehart are the key backers of Kerry Stokes' new daily online newspaper …
Bloomberg:
While Netflix is profitable in South Korea, local rivals Tving and Wavve lost a combined ~$165M in 2023 and are reportedly in talks to merge  —  After years of pumping out hit shows, South Korea's biggest media companies are cutting back and consolidating to survive a global pullback in entertainment.
Discussion: @lucas_shaw
Max Goldbart / Deadline:
UK's Ofcom delivers its roadmap for implementing the Media Bill, saying regulation of streaming services will not come into place in full for two years  —  Streamer regulation in the UK will not come into place in full for two years, Ofcom said today.  —  Delivering its roadmap for implementing …
Discussion: Broadband TV News
Patrick Frater / Variety:
France's Canal+ Group says it has increased its stake in Asian streaming platform Viu to 30%, worth ~$300M, and retains an option to increase its stake to 50%  —  UPPING THE ANTE  —  France's Canal+ Group said that it has increased its stake in multi-territory Asian streaming platform Viu to 30%.
Discussion: Deadline and Broadband TV News
Janko Roettgers / Lowpass:
A look at possible effects of Walmart's Vizio purchase: a negative impact on Roku, for whom Walmart is a big retail partner, and Vizio's data unit shutting down  —  Big box bucks  —  Together with … Tuesday's news that Walmart is acquiring Vizio for $2.3 billion has the potential …
Lauren Feiner / The Verge:
A preview of the NetChoice cases to be argued at SCOTUS on February 26, about the constitutionality of Texas and Florida laws regulating social media content  —  The ruling could impact other publishing industries and future social media regulation. … Social media companies have long …
Chris Welch / The Verge:
Three years after Spotify's original announcement that it would launch a higher-quality audio subscription, the company has yet to roll out the feature  —  I was really hoping I wouldn't have to do this again.  Last year, it seemed like there was no reason to believe Spotify would ever roll …
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 …
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 More News: 
Amie Parnes / Vanity Fair:
A journalist tells how Jimmy Finkelstein wooed her to The Messenger, reassured staff two months before closure, and left her without a promised severance
Check My Ads Institute:
Paste co-founder and EIC Josh Jackson, whose company bought Jezebel in November 2023, says that overly broad brand safety efforts are hurting journalism
 Earlier Picks: 
Daniel Thomas / Financial Times:
Sources: Vogue China EIC Margaret Zhang plans to leave Condé Nast when her contract expires at the end of March 2024
Bloomberg:
Bill Ackman hires a law firm, which demands “immediate retractions and corrections” from Business Insider in a “final attempt to avoid litigation”
Sara Fischer / Axios:
NPR affiliate WAMU is shutting down local news site Dcist and laying off 15 employees to focus on audio and plans to add 10 new positions
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Meta unveils Meta Adventurer and Fury glasses, each priced at $299, its first under its own brand, and a $399 Starfire model in collaboration with Kylie Jenner

Zack Whittaker / TechCrunch:
Market intelligence company Klue confirms it has suffered a breach, for which cybercrime group Icarus takes credit; Jamf, HackerOne, and others are affected

Brian Krebs / Krebs on Security:
On the first day of their trial, two members of Scattered Spider plead guilty in the UK to charges stemming from a 2024 cyberattack on Transport for London
 
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