Top News:
Cynthia Littleton / Variety:
Time Warner Q1: revenue up 3% YoY to $8B; Turner's and HBO's subscription revenues increased 8% and 10%, respectively as Warner Bros. revenue fell 4% to $3.2B — Time Warner saw a year-over-year decline in operating income in the first quarter largely due to higher programming and marketing costs at Turner and HBO.
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MediaPost, The Wrap, Broadcasting & Cable, Thomson IR and Hollywood Reporter
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Lucia Moses / Digiday:
Snap says it will begin testing six-second non-skippable ads in select Snapchat Shows beginning May 15 — Once reluctant to force ads on its users, still-unprofitable Snapchat is going to start testing nonskippable ads in its TV-like shows, according to three sources with direct knowledge …
Discussion:
Wall Street Journal, Fast Company, Gizmodo, Engadget, 9to5Mac, The Verge, Mashable, @cvas and @digiday, more at Techmeme »
Deadline:
Plan B and Annapurna Pictures have acquired the rights to produce a film about how the NYT, Jodi Kantor, and Megan Twohey broke the Weinstein story — EXCLUSIVE: Annapurna and Plan B have partnered to acquire the rights to give Spotlight-like treatment to the story of how New York Times reporters Jodi Kantor …
Discussion:
The Guardian, IndieWire and The Wrap
Nate Lanxon / Bloomberg:
Facebook CTO says only verified accounts will be allowed to pay for political ads in the UK and users will be able to view all promotions paid for by a campaign — Social network's CTO makes promises to British lawmakers — Facebook Inc. said it will make sure political ads on its platform …
Discussion:
@bpolitics, more at Techmeme »
Facebook:
Facebook reports Q1 advertising revenue of $11.8B, up 50% YoY, of which ~91% comes from mobile, up from 85% in Q1 2017 — Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2018. — “Despite facing important challenges, our community and business …
Discussion:
MediaPost, Gizmodo, New York Magazine, Ad Age, TechCrunch and VentureBeat, more at Techmeme »
Associated Press:
Daily Camera editor Dave Krieger is fired after publishing an editorial critical of the newspaper's hedge fund owners, Alden Global Capital, on a blog — https://apnews.com/8b3968defe7748b6acd0 c049e97b0047 — BOULDER, Colo. (AP) — An editor at The Daily Camera who published a critical editorial …
Discussion:
@darrendcarroll, Denver Westword, @tombergeron5 and @davekrieger
Cale Guthrie Weissman / Fast Company:
Digg, formerly owned by Betaworks, has been sold to Boston-based ad-tech company BuySellAds; new CEO Todd Garland plans to streamline Digg and build up ad stack — This story has been updated. — Last month, Digg, an old beloved content aggregation destination, made the sad announcement …
Discussion:
@caleweissman, Business Insider, TechCrunch, @inafried, Gizmodo and @caleweissman, more at Techmeme »
Wall Street Journal:
Chris Hohn, a London-based activist investor, has built about a $3B stake in 21st Century Fox, say sources, may influence a sale amid Disney and Comcast offers — London-based firm holds roughly $3 billion in Fox shares, making TCI one of its top shareholders
Discussion:
@shalini, @alexfrangos and New York Times
Allison Graves / Poynter:
Lee Williams, a columnist and editor at GateHouse's Sarasota Herald-Tribune, advocates for the NRA while editing breaking news, raising ethical questions — A little more than a month after the massacre at Marjory Stoneman Douglas High School in Parkland, Fla., Lee Williams sat down with Marion Hammer …
Discussion:
@indira_l, @davidmastio, @emily_lecoz and @indira_l
Jason Rezaian / Washington Post:
Reporters without Borders has released its annual press freedom report-card and the US is ranked 45th in the world; Philippines slid to #133 and Turkey to #157 — Last weekend, as Nicaragua's police brutally cracked down on protesters demonstrating against President Daniel Ortega …
Discussion:
The Daily Beast, @niemanfdn, Japan Times, Reporters Without Borders, @sulliview, Splinter, Al Jazeera English, @kathleencarrll, @vinodjose, @nilanjanaroy, Media Law Prof Blog, @astroehlein, @birgitmschwarz, @jrezaian, @askakorean, @joshrogin, @jason_kint, Politico, @whca and Reporters Without Borders
Jem Aswad / Variety:
US House unanimously passes Music Modernization Act to streamline licensing and ensure royalty protection for pre-1972 performances; bill now goes to Senate — As expected, the Music Modernization Act unanimously passed the House of Representatives Wednesday afternoon.
Discussion:
Broadcasting & Cable
Peter Kafka / Recode:
Jonathan Carson, who joined Mic as president in April 2017, is transitioning out of the company over next few months; CEO says Mic isn't hiring a replacement — Jonathan Carson, who joined Mic as its president in April 2017, is headed out. The millennial-focused publisher hasn't named a replacement.
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