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5:45 PM ET, March 20, 2024

Mediagazer

 Top News: 
Jessica Toonkel / Wall Street Journal:
Sources: private equity firm Apollo Global Management has made an $11B offer to buy Paramount Global's film and TV studio  —  Offer comes as Paramount's directors are weighing merger with Skydance  —  Private-equity firm Apollo Global Management has made an $11 billion offer …
Samuel Stolton / Bloomberg:
France fines Google €250M for not keeping its 2022 pledge on fair deals with media outlets, including training Gemini on articles without notifying publishers  —  - Firm also accused of breaking other commitments in news case  — Google says the fine is disproportionate despite it settling
Lauren Forristal / TechCrunch:
NBCUniversal unveils new features coming to Peacock ahead of the Paris Olympics in July, including the ability to view up to four simultaneous matches  —  Today, during NBCUniversal's annual technology conference, One24, the company revealed a slew of features coming to its streaming service Peacock ahead …
New York Times:
Like Gannett, McClatchy plans to stop using The AP's news feed, publishing no AP content after March 31; McClatchy will continue to use AP election results data  —  The Associated Press said the decisions by the two major newspaper chains “would not have a material impact on our overall revenue.”
Hanaa' Tameez / Nieman Lab:
Pew survey of 5,078 US Hispanic adults: 54% get their news in English and 21% get their news in Spanish, while just 23% consume news in both languages equally  —  A new Pew Research Center study published Tuesday shows that while Latinos in the United States are largely online news consumers …
Andrew Marchand / The Athletic:
A look at ESPN's plans for its standalone streaming service, which sources say the company aims to launch in 2025, costing $25 to $30 per month  —  With ESPN's direct-to-consumer plan, the network is attempting to uphold its mission statement of, “Serving sports fans.  Anytime.  Anywhere."
Mark Stenberg / Adweek:
Penske Media is exclusively selling Vox Media's ad inventory in Canada, making them the second-largest source of digital media inventory in Canada, per Comscore  —  The partnership comes 1 year after PMC invested $100 million in the company  —  Penske Media Corp., which owns a portfolio …
Discussion: Dan Owen on LinkedIn
Richard Luscombe / The Guardian:
PEN America donates emergency funds for Palestinian writers and invites critics to meet with its leadership to discuss PEN's response to the Israel-Gaza war  —  The writers group is also making a ‘substantial financial contribution’ to fund for distribution to Palestinian writers
Discussion: PEN America and Literary Hub
Kayleigh Barber / Digiday:
Fortune expands its UK and European footprint, planning to release unique print covers in London, Paris, Zurich, and Milan, and to add 35 staff by end of 2024  —  As U.K.-based publishers look towards the U.S. advertising market, U.S.-based Fortune is turning its attention in the opposite direction.
Discussion: Talking Biz News and PR Newswire
Chris Roush / Talking Biz News:
Gizmodo promotes Rose Pastore to executive editor; she joined Gizmodo in 2017 as science editor and formerly was news editor at Fast Company  —  Tech news site Gizmodo has promoted Rose Pastore to executive editor.  —  Pastore joined Gizmodo in 2017 as science editor and has led …
 
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 More News: 
Chris Roush / Talking Biz News:
Editorial workers at LexisNexis-owned Law360 walked off the job March 20 in a 24-hour work stoppage to protest layoffs; workers said Law360 cut 10% of the staff
Ivan Mehta / TechCrunch:
Bengaluru-based audio platform Pocket FM, which offers series with short episodes, raised a $103M Series D led by Lightspeed, a source says at a $750M valuation
 Earlier Picks: 
Jon Keegan / The Markup:
A data journalist details using ChatGPT as a reporting assistant: the AI tool is a good coding partner but ignores basic instructions on sourcing and citations
Tim Baysinger / Axios:
ESPN signs a six-year extension worth $7.8B to remain the sole TV partner for the College Football Playoff through the 2031-32 season
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

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

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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