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10:20 AM ET, March 5, 2025

Mediagazer

 Top News: 
Murray Stassen / Music Business Worldwide:
YouTube says YouTube Music and Premium now have 125M+ subscribers globally, including trials, after announcing 100M in February 2024  —  MBW's Stat Of The Week is a series in which we highlight a data point that deserves the attention of the global music industry.
Discussion: YouTube Official Blog
RELATED:
Jack Greenberg / YouTube Official Blog:
YouTube launches Premium Lite, a $7.99/month pilot in the US with ad-free videos like gaming and news, and plans to launch in Thailand, Germany, and Australia  —  Today we'll begin expanding our Premium Lite pilot to users in the US.  Premium Lite gives viewers a new, more affordable …
Joe Flint / Wall Street Journal:
Disney plans to cut nearly 6% staff, or ~200 jobs, across ABC News and Disney Entertainment Networks; ABC is also eliminating 538, which had ~15 employees  —  The layoffs are being announced to employees as early as Wednesday  —  About 200 employees are being let go at Disney's ABC News Group …
Laura Hazard Owen / Nieman Lab:
A look at the LA Times' AI “Insights”: much of the sourcing cited for counterpoints wouldn't pass scrutiny in a newsroom, and political labels can be confusing  —  The hope: The L.A. Times will appear more “objective” if it presents both sides of an issue, even if one side's written …
RELATED:
Corbin Bolies / The Daily Beast:
Mike Isaac / New York Times:
Digg founder Kevin Rose and Reddit founder Alexis Ohanian buy Digg for an undisclosed sum from Money Group, aiming to focus on “connection and humanity” online  —  Two decades after creating Digg, a community-focused social message board, Kevin Rose is reviving the site and teaming up with a founder of Reddit.
Sara Fischer / Axios:
Patch CEO Warren St. John says its AI-curated newsletters, with 400K subscribers, have grown Patch's reach from 1,100 to 30K US communities in just a few months  —  - Of Patch's 3 million newsletter subscribers nationally, 400,000 subscribe to its new AI newsletter products, per St. John.
Emma Roth / The Verge:
YouTube will tighten gambling content rules, including prohibiting creators from verbally referring to gambling services not approved by Google, from March 19  —  It may also restrict online gambling content for users under 18. … YouTube is tightening its policies on gambling content.
Discussion: Barrett Media and CNN
Sara Fischer / Axios:
Memo: Kari Lake, special adviser to the US Agency for Global Media, says Victor Morales, who started working at USAGM in 2016, has been named acting USAGM CEO  —  - Sources inside the VOA worry the new Trump administration will try to turn the broadcaster into a vehicle for its agenda.
 
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 More News: 
Jonathan Stempel / Reuters:
A US district court judge stops discovery requests against the NYT in Justin Baldoni's defamation lawsuit and signals the NYT might get dismissed from the case
Discussion: Us Weekly and Deadline
Aidan Ryan / The Boston Globe:
The Maine Trust for Local News, which owns 22 newspapers, is laying off 49 employees and reducing print editions to cut costs and focus on digital products
 Earlier Picks: 
Brian Steinberg / Variety:
MSNBC taps The Washington Post's Jackie Alemany to co-host The Weekend and serve as a Washington correspondent
Martin Baron / The Atlantic:
Jeff Bezos handled his ownership of The Washington Post admirably for over a decade but then faltered badly, cozying up to Trump to avoid the president's wrath
Georg Szalai / The Hollywood Reporter:
WBD says Max will launch in Turkey on April 15, replacing BluTV, acquired in late 2023, and reiterates plans to increase its investment in local productions
Hritam Mukherjee / Reuters:
India's top court allows podcaster Ranveer Allahbadia, charged with obscenity, to resume airing his shows, provided they meet “decency and morality” standards
 

 
From Techmeme:

Bailey Lipschultz / Bloomberg:
Filing: SpaceX aims to raise $75B in its IPO, selling 555.6M shares at $135 each, which would value the company at almost $1.77T

Katherine Blunt / Wall Street Journal:
Alphabet upsized its equity raise to $84.75B, including $35B in underwritten public offerings, up from a planned $30B; a source says it contacted ~75 investors

Brendan Bordelon / Politico:
OpenAI diverges from Trump's AI EO in a new policy paper, proposing cyber risk evaluations for advanced AI systems be mandatory and led by CAISI, not the NSA

 
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