Top News:
Financial Times:
Canadian billionaire Stephen Smith agrees to buy the entire 26.9% stake in The Economist Group held by Lynn Forester de Rothschild, sources say for ~£300M — Financial services entrepreneur acquires 27% stake in auction that drew interest from wealthy individuals and media groups
Discussion:
Axios, Bloomberg, The Guardian, Forbes, @ivanlevingston, Wall Street Journal, Telegraph and Talking Biz News
The Independent:
Amid his lawsuit against the BBC, Trump accuses the broadcaster of using AI to tamper with his January 6 speech and criticizes its coverage of the war on Iran — Donald Trump also criticised the BBC's coverage of the US war on Iran as ‘so inaccurate’ and ‘unbelievable’ — Your support helps us to tell the story
Discussion:
Mediaite, Deadline, Townhall, GB News, @atrupar, The Guardian, The Independent, Al Jazeera, The National Pulse, Financial Times, Politico, The Wrap, Reuters, Variety, The A.V. Club and Bloomberg
Sarah Perez / TechCrunch:
At SXSW, Jonah Peretti introduces BuzzFeed spinoff Branch Office, dedicated to exploring AI in consumer-facing apps, and debuts two apps, BF Island and Conjure — BuzzFeed, the U.S.-based media company known best for its quizzes, listicles, and, for a time, a Pulitzer Prize-winning journalism division …
Discussion:
@joshsternberg.com, CNET, @techcrunch.com and NewsMax.com
Sara Fischer / Axios:
NBC News partners with Joanna Stern to add tech coverage from her venture, New Things, across NBC platforms, and names her chief tech analyst — NBC News is teaming up with veteran tech journalist Joanna Stern to bring exclusive reporting and analysis from her new independent venture …
Discussion:
Variety, @joshconstine, @denk_tweets, @beehiiv, Deadline, The Hollywood Reporter, @joannastern and @sarafischer
Naman Ramachandran / Variety:
Indian studio Applause Entertainment partners with microdrama platform Story TV to co-produce and distribute short-form content for mobile audiences — Applause Entertainment, the Aditya Birla Group content studio behind “Scam 1992: The Harshad Mehta Story” and “Criminal Justice,” …
Discussion:
MediaBrief, Ankit Tripathi on LinkedIn, Fortune India, C21Media and BMI
Charlotte Tobitt / Press Gazette:
The UK government unveils the Local News Fund, which will distribute up to £12M to local outlets over two years to support innovation and help fill news deserts — The UK Government will pay up to £12m to local media outlets over the next two years to support innovation and help fill “news deserts”.
Carrie Budoff Brown / Politico:
Q&A with Ted Sarandos on his visit to Brussels, Netflix's European investments, EU regulation, YouTube, TikTok, WBD, Trump's Susan Rice criticism, AI, and more — Netflix co-CEO Ted Sarandos arrives in Brussels on Tuesday with a clear message for EU regulators ahead of a looming review …
Discussion:
Variety, The Wrap, CinemaBlend, The Hollywood Reporter, The Independent, Deadline, Forbes, Business Insider, Politico, Al Jazeera and Reuters
Katie Robertson / New York Times:
A profile of Wired's top editor, Katie Drummond, who created a politics team that landed major scoops and says Wired added 200K+ new paid subs in the past year — Katie Drummond is sick of being told what Wired magazine should not cover. — Ms. Drummond, Wired's top editor …
Discussion:
Jason Joyce on LinkedIn, @traestephens, @chr1sa, @noahshachtman.bsky.social, @karrieurbanist.bsky.social, @kwharrison13, @scobleizer, @traestephens, @keithgrossman, @pgeddington.com, @chr1sa, @mualphaxi, @shaunmmaguire, @garrytan, @couts.bsky.social, @stevenlevy, @glichfield, @emilydreyfuss, @katie_robertson, @gabrielsnyder.com, @alexrkonrad, @terronk, @palmerluckey, @neil_chilson, @gilduran76, @antoniogm and @jason
JD Knapp / The Wrap:
CBS News 24/7's 60-person unionized staff begins a 24-hour walkout with support from WGAE, a week after delivering a strike pledge to management — “We eagerly await an acceptable contract offer from Paramount — which just shelled out tens of billions of dollars to acquire Warner Bros. Discovery," the union bargaining committee says
Discussion:
The Wrap, TheDesk.net, The Guardian, Adweek, TV Insider, @corbinbolies, Daily Mail, Deadline, 48 hills and The NewsGuild
Corbin Bolies / The Wrap:
Internal memo: Axios lays off 11 newsroom staffers but says it is “continuing to hire and grow” as it focuses on “subject matter experts and local expansion” — Despite the cuts, publisher Nicholas Johnston says the site is “continuing to hire and grow”
Discussion:
Breitbart, @benmullin, @secretsbedard, @benmullin and @million_aire1
Lauren Forristal / TechCrunch:
Vurt, a mobile-first vertical streaming platform designed for indie filmmakers to upload their micro series or feature films, launches with 100 episodes — Short video platforms like TikTok have changed the streaming landscape, prompting traditional streaming services like Disney+, Peacock …
Discussion:
@TechCrunch@mstdn.social
Seth Vertelney / USA Today:
FIFA and YouTube partner for the 2026 World Cup; media partners will be able to stream the first 10 minutes of every match and select full matches on YouTube — FIFA has announced a partnership with YouTube that will allow media partners and creators to expand their content ahead of the 2026 World Cup.
Nicole Sperling / New York Times:
How A24, which racked up seven Oscars in 2022, fell flat with Marty Supreme, which had nine nominations but won none despite Timothée Chalamet's viral campaign — A few years ago, the indie studio A24 was luxuriating in Academy Awards. On Sunday it was shut out entirely.
Discussion:
@dannygroner.bsky.social, @timothys, World of Reel, The Wrap, Forbes and The Guardian
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