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12:25 PM ET, February 12, 2026

Mediagazer

 Top News: 
Gene Weingarten / The Gene Pool:
An H1B visa filing list indicates Will Lewis' base salary as WaPo CEO was $3M per year in 2025, or enough to pay ~27 of the 300+ reporters who were laid off  —  So.  —  The image above was given to us by Deb Milbrath, a freelance cartoonist in Atlanta.  I love it.  —  Here's something I don't love:
RELATED:
Daniel Thomas / Financial Times:
In a call, Tim Davie says the BBC plans to cut ~10% of its costs in the next three years, leading to job and programming cuts; 2025's operating costs hit £2B+  —  Director-general Tim Davie tells staff broadcaster aims to trim annual budget by hundreds of millions of pounds
Discussion: Deadline
RELATED:
Alyssa Ray / The Wrap:
A CBS News producer quits, saying stories may now be evaluated “on whether they conform to a shifting set of ideological expectations”, causing self-censorship  —  “The very excellence we seek to sustain is hindered by fear and uncertainty,” the news producer writes
Michael Acton / Financial Times:
US FTC chair urges Tim Cook to review Apple News' terms and curation after a study claimed the app promoted “leftist outlets” and suppressed conservative ones  —  US regulator issues warning to iPhone maker about its News platform following controversy over Super Bowl half-time show
Andrew Deck / Nieman Lab:
NYT's Zach Seward details the “Manosphere Report”, an in-house LLM-powered tool that summarizes new episodes from about 80 podcasts with largely male audiences  —  The daily podcast round-up is just one way the Times is adopting in-house AI transcription and summarization tools.
Michael Savage / The Guardian:
UK Culture Secretary Lisa Nandy refers DMGT's proposed acquisition of the Telegraph to Ofcom and CMA over concerns about consolidation of rightwing papers  —  CMA and Ofcom to examine DMGT takeover amid fears merger could curb ‘diverging editorial stances’ in press
Vidhya Srinivasan / Google Ads & Commerce Blog:
Google is testing a new ad format in AI Mode that displays retailers selling the products a user is searching for in a Sponsored box  —  Historically, consumers have faced a necessary trade-off: buy quickly and risk getting it wrong, or spend hours researching to get it right.
Michaela Towfighi / New York Times:
Artforum EIC Tina Rivers Ryan plans to step down at the end of February; Executive Editor Rachel Wetzler and editor Daniel Wenger will be co-editors  —  The magazine announced that two other editors there will jointly replace Tina Rivers Ryan, who has been in the role since 2024.
Discussion: Artforum and ARTnews
 
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 More News: 
Pew Research Center:
Survey: 80% of Americans say being informed about the news is essential to voting, but only 8% say people in the US have a responsibility to pay for news
The Hollywood Reporter:
Cable TV networks canceling daytime talk show staples The Kelly Clarkson Show and Sherri show how they are now struggling to compete with video podcasts
 Earlier Picks: 
Jonathan Vanian / CNBC:
Meta launches an AI feature that lets Threads users temporarily personalize their feed by specifying topics in a public post that begins with “Dear Algo”
Caitlin Huston / The Hollywood Reporter:
Fox-owned podcasting company Red Seat Ventures acquires subscription monetization company Supercast, as it ramps up its podcasting efforts
 

 
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

Carl Franzen / VentureBeat:
Google introduces Gemma 4 12B, a unified, encoder-free open multimodal model that can run locally on devices with 16GB of VRAM or unified memory

 
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