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4:40 PM ET, March 21, 2024

Mediagazer

 Top News: 
Bloomberg:
Reddit closes up 48%, at $50.44 per share, in its New York Stock Exchange debut, valuing the company at about $9.5B on a fully diluted basis  —  - Social media company, holders raised $748 Million in IPO … The San Francisco-based company's stock closed at $50.44 each on Thursday in New York …
RELATED:
New York Times:
The Newhouse family's Advance is set to reap a $1.4B windfall when Reddit lists on the NYSE on Thursday; Advance's Condé Nast bought Reddit for $10M in 2006
Neel Dhanesha / Nieman Lab:
Julia Angwin says Proof News aims to use “the scientific method” for investigative journalism, and expand beyond tech to cover corporate accountability, more  —  The cofounder of The Markup wants to expand beyond tech with her new publication.  —  At the end of February …
Discussion: @sarahscire and @juliaangwin
Aftermath:
Kotaku EIC Jen Glennon, who joined in October 2023, resigns, citing in a letter the management team's recent decision to deprioritize news in favor of guides  —  Jen Glennon, who took over as editor in chief of Kotaku in October, resigned Thursday.  In a resignation letter seen by Aftermath …
Molly Bohannon / Forbes:
A super PAC backing Ted Cruz got ~$215K from iHeartMedia, earned from selling ads for Cruz's podcast; Cruz had likened his show to cable news appearances  —  A super PAC affiliated with Sen. Ted Cruz reported receiving $215,000 in “digital revenue” from iHeartMedia on Wednesday …
Ashley Carman / Bloomberg:
Spotify's TikTok-like redesign reveals the follower numbers for top podcasters: The Joe Rogan Experience has 14.5M, followed by TED Talks Daily with 5M  —  A new TikTok-like redesign from the streaming giant unveils actual audience data for top podcasters  —  Welcome back to Soundbite.
Andrew Deck / Nieman Lab:
How The Intercept, Alternet, and Raw Story are using the Digital Millennium Copyright Act in suits against OpenAI, possibly serving as a model for other sites  —  Raw Story, AlterNet, and The Intercept are among the first smaller publications to go up against the AI goliath for copyright violations.
Brian Steinberg / Variety:
How advertisers are trying to tie their ads to business outcomes, like a purchase, instead of ratings: in November, Fox guaranteed Netflix social media activity  —  Nearly every commercial that runs on TV is backed by a guarantee of how big an audience will watch it.
Adam Chitwood / The Wrap:
WBD plans to launch Max in Europe starting on May 21 in the Nordics, Iberia, and Central and Eastern Europe, in time for the Olympics, included in all plans  —  The rollout is also timed to the second season of “House of the Dragon”  —  Max will begin its launch in Europe on May 21 …
Jane Croft / The Guardian:
The UK proposes a new law banning foreign states and officials from holding direct stakes in newspapers, putting the UAE-backed bid for the Telegraph at risk  —  Proposed law unveiled on Thursday bans foreign states and government officials from holding direct stakes in newspapers
Jason Koebler / 404 Media:
Deadspin's new owner Lineup outlines plans to publish with support “via partnerships within the sports betting industry” and to keep all old Deadspin's content  —  Join the newsletter to get the latest updates.  —  Success  —  Great!  Check your inbox and click the link.  —  Error
Daniel Thomas / Financial Times:
Sources: the BBC plans to build its own AI models, and is holding talks with tech companies, including Amazon, about selling its content for AI training  —  UK broadcaster seeks to build artificial intelligence models and negotiates with companies on content deal
 
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 More News: 
Etan Vlessing / The Hollywood Reporter:
Channel 4 says its internal investigation found “no evidence” to suggest its staff knew of sexual assault and misconduct allegations against Russell Brand
Zephyr Teachout / The Atlantic:
The TikTok divestment bill fits into a long and important US tradition of forbidding a hostile foreign power from controlling a major communication platform
 Earlier Picks: 
Todd Spangler / Variety:
Deloitte study: US consumers pay an average of $61 per month for four video streaming services, up 27% YoY; 36% say available content is not worth the price
David Gilbert / Wired:
X suspends the accounts of some journalists and researchers who posted the alleged real name of neo-Nazi cartoonist Stonetoss, after Stonetoss appealed to Musk
Richard Sandomir / New York Times:
Bill Jorgensen, a broadcast journalist who anchored The 10 O'Clock News on New York's Channel 5 for 12 years, died on March 13 at 96
 

 
From Techmeme:

Jason Schreier / Bloomberg:
Sources: Microsoft plans more cuts after closing several game studios, as the massive Activision acquisition has ramped up scrutiny on the Xbox division

Dallin Grimm / Tom's Hardware:
Some Stack Overflow users say their account was suspended after they attempted to alter their posts in protest of its OpenAI partnership to supply data for AI

Mark Gurman / Bloomberg:
A look at potential successors to Tim Cook; sources say Apple's hardware engineering chief John Ternus is the most likely long-term successor
 
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