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11:30 AM ET, February 27, 2025

Mediagazer

 Top News: 
Brian Steinberg / Variety:
WBD reports Q4 revenue down 2% YoY to $10B, ad revenue down 11% to $1.8B, and losses up 24% YoY to $494M, including $1.9B in charges and restructuring expenses  —  Like its rivals., Warner is navigating a difficult era for the media sector, one in which linear TV audiences, much easier to monetize …
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Georg Szalai / The Hollywood Reporter:
WBD reports Q4 adjusted EBITDA for DTC, including streaming and pay-TV, of $409M, up from a $55M loss in Q4 2023, and 116.9M subscribers, up from 110.5M in Q3
Corbin Bolies / The Daily Beast:
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Benjamin Mullin / New York Times:
Memo: WaPo CEO Will Lewis says opinion section changes are “not about siding with any political party” but about “being crystal clear about what we stand for”
Charlotte Klein / New York Magazine:
Sources: WaPo publisher Will Lewis told Jeff Bezos that changes to the Opinion section would have consequences for the health of the paper
Ben Johansen / Politico:
Reversing decades of precedent, the WHCA announces it will no longer coordinate shared coverage of President Trump amid an escalating dispute over press access  —  The move breaks from decades of cooperation between the White House and the journalists who cover the president.
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Kevin Robillard / HuffPost:
The White House kicked out Reuters and a HuffPost reporter from Trump's Wednesday press pool; with AP still blocked, just one wire service remained in the pool
Brian Stelter / CNN:
On day one of choosing its own “press pool”, the White House replaced HuffPost with Axios; two staunchly pro-Trump outlets, Newsmax and The Blaze, were added
Reuters News Agency:
Reuters, AP, and Bloomberg News editors, all permanent members of the White House pool, say limiting wire access to the president harms people and markets
Jake Kanter / Deadline:
BBC Chief Content Office Charlotte Moore is leaving to become Left Bank Pictures CEO and Sony Pictures TV's creative director of international production  —  Newswire … PMC  —  Deadline is a part of Penske Media Corporation.  © 2025 Deadline Hollywood, LLC.  All Rights Reserved.
Brian Steinberg / Variety:
CBS News names Tom Cibrowski, a TV news veteran who has managed Good Morning America and the San Francisco station KGO, as president and executive editor  —  Your Privacy Rights  —  PMC, its service providers, and third-party partners collect information about you and how you use our services …
Aisha Malik / TechCrunch:
TikTok revamps its desktop website with a new modular layout, refreshed For You feed, a new Explore tab, and a floating player, in a bid to take on YouTube  —  In a bid to take on YouTube, TikTok is revamping its desktop platform with the addition of several new features.
Todd Spangler / Variety:
ESPN plans to launch SC+, a new SportsCenter show, on March 3 exclusively on Disney+ for US subscribers, designed for a casual, entertainment-focused audience  —  Disney and ESPN have cooked up a plan to try to whet the sports appetite of Disney+ U.S. customers — who may not necessarily be the more voracious fans of sporting events.
John Koblin / New York Times:
Sony Pictures Entertainment says it is soliciting bids from media and tech companies for the streaming rights to new episodes of Jeopardy! and Wheel of Fortune  —  Sony Pictures Entertainment is soliciting bids for the streaming rights to the two popular game shows.
Nicole Sperling / New York Times:
A profile of London-based Mubi, a niche movie streaming service with 400 employees boosted by hit film The Substance, turning it into a real Hollywood player  —  Early on in “The Substance,” the body horror film starring Demi Moore that has been nominated for five Academy Awards …
Reuters:
A Vietnam court sentences former journalist Truong Huy San to 30 months in prison over Facebook posts; San wrote “The Winning Side” about post-war Vietnam  —  A court in Vietnam on Thursday sentenced a former journalist to 30 months in prison after finding him guilty of …
Benoit Berthelot / Bloomberg:
WPP's shares drop 15%+ after the company forecasted adjusted sales for 2025 to remain flat or shrink in 2025, missing analysts' estimates  —  WPP Plc shares dropped the most in more than six years after the British advertising agency group forecast sales that would remain flat or shrink this year, missing analysts' estimates.
Benjamin Mullin / New York Times:
Internal memo: Paramount is making changes to its DEI policies to conform to efforts by the Trump administration to eliminate diversity programs  —  The company has a merger pending before the Federal Communications Commission, whose chief has criticized programs focusing on diversity, equity and inclusion.
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Brian Steinberg / Variety:
Paramount reports Q4 revenue up 5% YoY to $7.98B and a $129M operating loss; Paramount+ subscribers grew by 5.6M in Q4 to 77.5M+ with revenue up 16% YoY
 
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 More News: 
Dade Hayes / Deadline:
Nexstar anticipates The CW to become profitable in 2026, largely due to a push into live sports, which account for about 40% of its total programming time
Dylan Butts / CNBC:
Meta apologizes and says it had fixed an “error” that resulted in some Instagram users seeing violent and graphic content in their Reels recommendations
Kirk Carapezza / GBH:
Student newspapers that increasingly rely on financial support from the institutions they cover face struggles for editorial independence, as ad sales drop
 Earlier Picks: 
Sara Fischer / Axios:
Notus, the nonprofit outlet created by the Allbritton Journalism Institute, launches the Washington Bureau Initiative to provide DC coverage to local newsrooms
Thomas Buckley / Bloomberg:
A look at budget pressures on WBD's movie studio unit: sources say WBD CEO David Zaslav has been pushing for more financial accountability and consistency
Discussion: The InSneider and SlashFilm
The Information:
Source: Instagram considers launching a standalone Reels app, improving recommendations, and distributing more three-minute-long videos, to compete with TikTok
David Bauder / Associated Press:
Wired gained 62,500 new subscribers in the US during the first two weeks of February, as the tech outlet aggressively covers the Trump administration and DOGE
Karissa Bell / Engadget:
Meta's Oversight Board says it will weigh in on Meta's hate speech policies, changed before Trump's inauguration, in a test of the enforceability of its powers
Max Tani / Semafor:
YouTube's VP for News Partnerships Tim Katz says the platform has continued to boom as a news platform, particularly for news commentators like MeidasTouch