Top News:
CNBC:
Newsmax shares jumped 179% on Tuesday and have risen 1,500%+ since their Monday debut, bringing the company's market cap to ~$20.8B, above WBD's and Fox Corp's — Shares of conservative cable channel Newsmax soared nearly 180% Tuesday, a day after the stock's dizzying debut on the New York Stock Exchange.
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Stephen Battaglio / Los Angeles Times:
Steve Kornacki signs a deal with NBC News and NBC Sports and departs from MSNBC, which Comcast is spinning off into a new corporate entity — MSNBC viewers have seen the last of Steve Kornacki's big board. — The popular data maven has signed a deal with NBC that will expand his presence across …
American Journalism Project:
John Thornton, founder of The Texas Tribune, co-founder of the American Journalism Project, and venture capitalist, has died at age 59 — It is with great sadness that we share the news that John Thornton, co-founder of the American Journalism Project and Elsewhere Partners …
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Katie Strang / New York Times:
How the repetition of a false rumor by ESPN's Pat McAfee, ESPN radio hosts, and others negatively impacted an Ole Miss student, who plans to sue — It is Feb. 26, and “The Pat McAfee Show” is filming in Indianapolis the week of the NFL Scouting Combine. McAfee sits behind a desk.
Nicole Sperling / New York Times:
In a new strategy, Amazon plans to release 14 to 16 movies per year in theaters, rivaling other major studios, with most running for 45 days before streaming — The streaming giant is planning to release at least 14 movies a year in theaters around the country, rivaling other major studios.
Discussion:
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Charlotte Tobitt / Press Gazette:
The Sun reports revenue down 3% YoY to £296.3M and an £18M loss in the year to 30 June 2024; The Times reports revenue down 0.6% to £383.4M and a £61M profit — Hacking costs down for News Group Newspapers in year to 30 June 2024. — Revenues fell at both The Times …
Kendra Barnett / Adweek:
Google is bringing its immersive Rewarded Video ads to Roblox, letting users watch ads in exchange for in-game benefits like virtual currency or power-ups — Advertisers can buy Rewarded Video ads on Roblox via Google Ad Manager, the company announced Tuesday
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Sportico:
Sources: the NHL has reached an agreement with Rogers on a new 12-year Canadian TV deal that will pay the league about $7.7B, starting with the 2026-27 season — The NHL has reached an agreement with Rogers Communications on a new 12-year Canadian TV deal that will pay the league about $7.7 billion …
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Bari Weiss / The Free Press:
The Free Press announces Tyler Cowen, Jed Rubenfeld, Matthew Continetti, and Batya Ungar-Sargon as new columnists, with Coleman Hughes bringing his podcast — Bari Weiss on some great news from our newsroom. — Upgrade to Listen — How do you build something that lasts?
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Andreas Wiseman / Deadline:
Ketchup Entertainment buys Coyote vs. Acme from WBD, which shelved it in November 2023 as a cost-cutting measure; the movie is expected in theaters in 2026 — Ketchup Entertainment today confirmed their completed deal for worldwide rights to the live-action/animated hybrid film …
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Kyle Wiggers / TechCrunch:25 minutes ago
In a new paper, Tim O'Reilly and other researchers say OpenAI likely trained GPT-4o on paywalled books from O'Reilly Media without a licensing agreement — OpenAI has been accused by many parties of training its AI on copyrighted content sans permission. Now a new paper by an AI watchdog …
Max Goldbart / Deadline:
BBC and ITV's new contracts with actors' union Equity won't include AI safeguards as they await the outcome of Equity negotiations with producer trade body Pact — At a time when future AI and its uses are a major industry talking point, Deadline is told that Equity's initial intention …
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