Check out Mini-Mediagazer for simple mobiles or Mediagazer Mobile for modern smartphones.
1:25 PM ET, March 7, 2024

Mediagazer

 Top News: 
Wall Street Journal:
Sources: Temu became Meta's top advertiser by revenue in 2023 by spending nearly $2B on ads, and became one of Google's top five advertisers by spending in 2023  —  The e-commerce platform spent nearly $2 billion at Meta and was a top advertiser at Google  —  Meta Platforms' top advertiser …
RELATED:
New York Times:
Analysis: Temu and Shein are spending heavily on Facebook, X, and YouTube ads in the US; Temu placed ~1.4M ads globally on Google services in the past year  —  Temu, Shein, and streaming and gaming apps looking to break into the U.S. market are spending huge sums to get their wares in front of American consumers.
more at Techmeme »
RELATED:
Sarah Scire / Nieman Lab:
Q&A with FT Group CEO John Ridding on the benefits of being owned by Nikkei, using AI in the newsroom and for engagement, US growth, and Big Tech's AI missteps  —  The FT has more than 1.4 million subscribers, including more than 1 million digital subscribers.  About 20% are based in the United States.
Ben Markus / Colorado Public Radio:
Colorado Public Radio lays off 15, primarily in audio and podcast production, and spares the newsroom of cuts; staff grew from 48 in FY 2006 to 214 in FY 2022  —  Colorado Public Radio laid off 15 employees this week, the largest cut to the public broadcaster's payroll in at least a quarter of a century.
Bill Bradley / Adweek:
Disney sells out of ad inventory for the 2024 Oscars; a source says Disney was seeking $1.7M to $2.2M for 30-second ads, similar to its 2022 pricing  —  The ceremony will have a broad range of sponsors across 17 categories
Sara Fischer / Axios:
Condé Nast reports flat revenue gains YoY in 2023; in a memo, Condé Nast CEO says consumer revenue grew 7% YoY and expects operating costs to remain the same  —  - Lynch said moving to a place where the company is consistently breaking even has helped it invest in growth areas, particular in digital.
Discussion: @mediaevan
Jem Aswad / Variety:
In a letter to members, the National Music Publishers Association says it doesn't expect to renew its TikTok license when the deal expires on April 30  —  The standoff between Universal Music Group and TikTok took another turn on Wednesday when the trade group National Music Publishers Association sent …
Meg James / Los Angeles Times:
A jury finds Rust movie armorer Hannah Gutierrez guilty of involuntary manslaughter in the 2021 accidental shooting death of cinematographer Halyna Hutchins  —  Weapons experts and prosecutor witness Bryan Carpenter, explains in court that he found fault with Alec Baldwin's conduct and use of guns.
Tatiana Siegel / Variety:
Sources: Apple spent $700M+ of its reported $1B+ 2023 studio spend on just Napoleon, Killers of the Flower Moon, and Argylle, which earned $466M combined  —  On March 10, the tech giant has 13 shots to take home an Oscar via two historical epics, “Killers of the Flower Moon” and “Napoleon …
 
 Archived Page Info: 
This is a snapshot of Mediagazer at 1:25 PM ET, March 7, 2024.

View the current page or another snapshot:


 
 See Also: 
Mediagazer: site main
Mediagazer River: reverse chronological Mediagazer
Mediagazer Mobile: for phones
Mediagazer Leaderboard: Mediagazer's top sources
 
 Subscribe: 
Mediagazer RSS feed
Mediagazer on X
Mediagazer on Mastodon
 
 
 More News: 
Alex Weprin / The Hollywood Reporter:
Pro Shop, founded by a Full Swing producer and an ex-Puck CEO, raised $19.25M from the PGA Tour and others, to expand golf's presence in entertainment
Nicole Sperling / New York Times:
Netflix plans to livestream a boxing match between Mike Tyson and Jake Paul in Texas on July 20, part of the company's push into “sports-adjacent programming”
Kasey Moore / What's on Netflix:
Netflix licenses the first season of the OnlyFans original series House of Sims, which debuted on OFTV in May 2023, in the UK
Discussion: The Sun
 Earlier Picks: 
Josh Marshall / Talking Points Memo:
News sites are closing due to the collapse of programmatic ad revenue; a case study of Talking Points Memo shows how subscriptions kept the site in business
Hayden Field / CNBC:
Patronus AI releases CopyrightCatcher and says OpenAI's GPT-4 produced copyrighted content on 44% of prompts in its test of AI models for copyright infringement
Todd Spangler / Variety:
WBD plans to shut down Rooster Teeth after failing to sell the unprofitable fandom, gaming, and comedy entertainment unit, resulting in layoffs of ~150 staff
Will Sommer / Washington Post:
Road & Track magazine pulls a 5,000-word article by socialist writer Kate Wagner that skewered the F1 racing scene; source: EIC Daniel Pund ordered it pulled
 

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

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
 
Sister Sites:

Techmeme
 Top news and commentary for technology's leaders, from all around the web
memeorandum
 What US political commentators are discussing online right now
WeSmirch
 The top celebrity news from all around the web on a single page