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1:35 PM ET, February 27, 2024

Mediagazer

 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:
The BBC says it will bolster its procedures for dealing with non-editorial complaints, after finding shortcomings in dealing with a complaint about Huw Edwards  —  Corporation launched review into complaints procedure after scandal about presenter last year
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 …
more at Techmeme »
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
Deadline:
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: 
Bloomberg:
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%+
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November

Esha Dey / Bloomberg:
Tesla's shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla's ambitions
 
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