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9:55 AM ET, March 5, 2024

Mediagazer

 Top News: 
Javier Espinoza / Financial Times:
The EU Commission fines Apple €1.8B for stifling competition from rival music streaming services, the EU's third-largest antitrust fine; Apple plans to appeal  —  iPhone maker hit by first-ever Brussels fine as competition watchdogs step up scrutiny of Big Tech
RELATED:
Apple:
Daniel Thomas / Financial Times:
Filing: GB News owner All Perspectives has been forced to provide a further £41M in funding to cover operating costs, and is now owed £83.8M by GB News  —  Vehicle backed by hedge fund tycoon Paul Marshall steps in as right-leaning broadcaster increases number of staff
RELATED:
Bron Maher / Press Gazette:
GB News reports year to May 2023 revenue up 80% YoY to £6.7M, losses up 38% YoY to £42.4M, for £76M in losses since 2021, and 295 staff, up from 175 in May 2022
Lucas Manfredi / The Wrap:
Warner Bros. Discovery plans to start cracking down on Max password sharing later this year with a wider rollout in 2025, joining rivals Netflix and Disney+  —  The streamer's paid sharing initiative will launch later this year, with a broader rollout in 2025
RELATED:
Lucas Shaw / Bloomberg:
While HBO hit streaming DTC profitability under David Zaslav, via licensing to Netflix, slashing marketing, layoffs, and more, WBD's stock is down 25%+ YTD
Laura Wagner / Washington Post:
The NewsGuild of New York accuses the NYT of targeting staff with Middle Eastern or North African backgrounds in a investigation into October 7 coverage leaks  —  In a letter to the publisher, a union leader said the leak probe has singled out employees ‘for their national origin, ethnicity and race’
Todd Spangler / Variety:
Fox CEO Lachlan Murdoch says the Fox, Disney, and WBD sports streaming joint venture is anticipating signing up 5M customers in the first five years  —  The 5 million mark will be where the JV “settles after five years,” Murdoch said, speaking Monday at the 2024 Morgan Stanley Technology, Media & Telecom Conference in San Francisco.
Jesse Whittock / Deadline:
Source: Amazon Prime Video plans to lay off less than 5% of its staff across its European offices, as part of a restructure impacting Europe, MENA, and Africa  —  EXCLUSIVE: Prime Video is today beginning job consultations with staff in Europe, we hear.  —  It's understood a figure of less …
Discussion: The Desk
Elizabeth A. Harris / New York Times:
Authors Equity, a US book publisher from former Penguin Random House and Macmillan executives, launches with plans to give authors the “lion's share” of profits  —  Authors Equity is tiny but has big industry names behind it.  Its founders hope their profit-sharing approach and experience will entice authors.
Max Goldbart / Deadline:
Ofcom has “significant concerns about GB News' editorial control of its live output” after finding GB News in breach over Laurence Fox's misogynistic comments  —  Ofcom has said it has “significant concerns about GB News' editorial control of its live output” …
PA Media:
TalkTV plans to close down its linear TV channel in early summer 2024 and go online only, weeks after Piers Morgan left his daily show on the channel  —  Move announced by News UK venture comes weeks after Piers Morgan left his daily show on channel  —  TalkTV will be taken off air …
Bloomberg:
Vivendi's Canal+ increases its bid for South Africa's MultiChoice by almost a fifth, valuing MultiChoice's shares at $2.9B, and enters exclusive takeover talks  —  - Vivendi's Canal+ is working with JPMorgan, Bank of America  — Vivendi says its committed to JSE listing, transformation
 
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 More News: 
Clara Aberneithie / Press Gazette:
An interview with ITN CEO Rachel Corp, who says the news cycle has become “absolutely relentless”, taking a toll on the mental health of journalists
 Earlier Picks: 
ESPN:
Chris Mortensen, an award-winning journalist who reported on the NFL for ESPN since 1991, died on March 3 at age 72; Mortensen was diagnosed with cancer in 2016
Tyler Pager / Washington Post:
A look at Joe Biden's media diet, which includes MSNBC's Morning Joe, CNN, Fox News, the Financial Times, the Apple News app, and the rare book for leisure
 

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

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

 
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