Mediagazer: 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 (Daniel Thomas/Financial Times)

CNBC:

Reddit priced its IPO at $34 per share, the top of its expected range, raising $519M and valuing the company at about $6.5B, ahead of its market debut — - Reddit priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6.5 billion.

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 — The Newhouse family, which controls the Advance media empire, made a 2006 investment of $10 million in the social site, which plans to go public on Thursday.

Discussion: @stufalk

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

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.

Discussion: @sarahscire and @laurahazardowen

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 …

Ben Schoon / 9to5Google:

YouTube TV rolls out Multiview support on iOS and iPadOS, letting users watch four TV channels at once; Android support will roll out “in the coming months” — Google has confirmed that YouTube TV is now rolling out support for Multiview on the iPhone and iPad, but the feature won't arrive on Android for a while.

Discussion: The Verge, more at Techmeme »

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 — Getting his start in the Midwest, he was best known for leading the New York broadcast “The 10 O'Clock News.” — Bill Jorgensen, a serious-minded broadcast journalist …

Cynthia Littleton / Variety:

A US federal judge dismisses DirecTV's lawsuit from March 2023 that accused Nexstar of engaging in price-fixing activity around the retransmission consent fees — A federal judge has dismissed the antitrust lawsuit that DirecTV filed against Nexstar last year accusing the TV station giant …

Discussion: Radio & Television …, The Desk, Deadline, The Wrap and Cord Cutters News

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 — America has a long history of shielding infrastructure and communication platforms from foreign control.

Discussion: @zephyrteachout, @mark_histed, @zephyrteachout, @theatlantic, @niubi, @dlberes, @zephyrteachout and @zephyrteachout, more at Techmeme »

Benoit Berthelot / Bloomberg:

France's TF1 plans to expand its streaming platform to Belgium and Luxembourg in June 2024, and to French-speaking African countries in the next 18 months — - TF1+ will expand to more French-speaking markets this year — CEO Belmer aims to grow base of advertisers for platform

Discussion: Deadline and Broadband TV News

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 …

Discussion: Ad Age, NBC Sports Pressbox, Next TV, Media Play News, Variety, Engadget, The Streamable, The Hollywood Reporter, Awful Announcing, Sportico and Cord Cutters News

Sara Guaglione / Digiday:

LGBTQ+ publisher Q.Digital has acquired Outsports from Vox Media's SB Nation in an all-stock deal; all seven members of the Outsports team moved to Q.Digital — LGBTQ+ publisher Q.Digital has acquired Outsports from Vox Media. The deal was an all-stock equity transaction in which the co-founders …

Discussion: Outsports, Dawn Ennis on LinkedIn, Digiday on LinkedIn, Q.Digital, Inc. and Awful Announcing