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1:35 PM ET, February 27, 2024


 Top News: 
Alex Sherman / CNBC:
Sources: WBD is no longer pursuing a merger with Paramount, Skydance is doing due diligence, and Comcast is exploring commercial partnerships with Paramount  —  - Warner Bros. Discovery is no longer pursuing a merger with Paramount Global as its shares trade near a 52-week low, according to people familiar with the matter.
Sara Fischer / Axios:
The FT launches a venture arm to invest in media and tech startups, starting with $1M for Charter, a media and insights company focused on the workplace  —  - The company has made several strategic minority investments to date, including one in the Business of Fashion.
Discussion: Talking Biz News
Alexandra Topping / The Guardian:
Dan Rys / Billboard:
UMG buys a majority stake in Nigeria-based record label Mavin Global in a deal expected to close by Q3; Mavin was reportedly valued at north of $125M in October  —  The company, home to artists like Rema and Ayra Starr, is at the forefront of Africa's Afrobeats movement, which has been exploding across the globe.
Mark Stenberg / Adweek:
Docs: Google is paying a handful of independent publishers a five-figure sum for one year to use an unreleased suite of generative AI tools to post stories  —  In exchange for a five-figure sum, publishers must use the tool to publish 3 stories per day  —  Google launched a private program …
Inside Radio:
Kagan: in 2023, radio industry revenue totaled $15.15B, down 1.5% from $15.39B in 2022, and there were $212.5M worth of radio deals, down 35.6% YoY from $329.9M  —  Faced with a pullback in advertiser spending last year, radio's hustle paid off.  Thanks to a mix of revenue streams …
Sara Fischer / Axios:
Digital TV ad service Madhive launches a marketplace for political and issue advertisers to buy CTV ads; Fox Television Stations is its first major client  —  - Connected TV also offers campaigns more video inventory to target voters when local broadcasters run out of space.
Jon Passantino / CNN:
The New York Times says Donald Trump has paid $392,000 to the paper to cover the legal costs from his failed lawsuit over disclosure of his tax documents  —  Donald Trump has paid $392,000 to The New York Times to cover the legal costs from his failed lawsuit against the newspaper …
Discussion: The Daily Beast
Nilay Patel / The Verge:
Q&A with Crunchyroll president Rahul Purini about the streamer's focus on anime, working with creators in Japan, competing with Netflix, future plans, and more  —  The head of the fast-growing streaming service discusses the Funimation merger and shutdown and where he sees growth in anime.
Max Tani / Semafor:
A profile of influencer Jessica Reed Kraus, as Trump, RFK Jr., and other campaigns court her to reach her 1M Instagram followers and 300K Substack subscribers  —  The News  —  One week in January, Jessica Reed Kraus attended Donald Trump's Iowa victory afterparty at the Hotel Fort Des Moines …
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 More News: 
Emma Vowles / Press Gazette:
An interview with BBC News analysis editor Ros Atkins about his viral explainer videos, use of OSINT by journalists, fake news, and more
Disney's president of motion pictures, Sean Bailey, steps down; Searchlight's David Greenbaum takes over as president of Live Action and 20th Century Studios
 Earlier Picks: 
Sources: Charter Communications is exploring a takeover of smaller rival Altice USA, which serves ~5M customers across 21 US states; Altice stock is up 50%+