Top News:
New York Times Company:
In Q4, The New York Times added 265K digital subscriptions, bringing total number of digital subs to 3.4M but profit decreased to $74.7M from $90.5M a year ago — NEW YORK—(BUSINESS WIRE)— The New York Times Company (NYSE: NYT) announced today fourth-quarter 2018 diluted earnings per share …
Discussion:
Nieman Lab, New York Times, @oliverdarcy, @bydanielvictor, The Wrap, @adamgoldmannyt, @rosental, @sulliview, @mattyglesias, @morningmoneyben, @jswatz, @reformedbroker, @brianstelter, @michaelluo, @emilybell, @hblodget, @brianstelter, @bdentonphoto, @ericliptonnyt, @jeffjarvis, @adamgoldmannyt, @gerryfsmith and Editor & Publisher
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Tom Kludt / CNN:
The New York Times says it wants to reach $800M in digital revenue by the end of 2020 and over 10M subscribers by 2025 — New York (CNN)The New York Times is betting big on the public's appetite for journalism. How big? Ten million subscribers big. — The New York Times Company (NYT) …
Peter Kafka / Recode:
Spotify buys Gimlet Media, a podcast producer and network, sources say for ~$230M, and Anchor, which makes it easier for users to record and distribute podcasts — Daniel Ek says he wants to spend up to $500 million on acquisitions this year. — Spotify is a streaming music company that wants to become a podcast company, too.
Discussion:
Spotify, Nieman Lab, Business Wire, Adweek, RAIN News, Associated Press, The Wrap, Music Business Worldwide, The Verge, MediaPost, Ad Age, VentureBeat, Engadget, Android Police, @juiceboxca, @kfcbarstool, @arlanwashere, @mikerugnetta, Forbes, CBS Chicago, TechCrunch, New York Times, Fortune, The Week, Variety, @borthwick, @tetisheri, @msquinn, @sarafischer, @cheriehu42, @lucas_shaw, @schmooey, @caseyneistat, AdExchanger, VentureBeat, @markdistef, Music Week, @martinsfp, @renayrich, @somospostpc, @jennyrwall, CNBC, @jonfortt, @tomgara, @indianidle, @c_crampton, @austindarbo, @eldsjal, @markcwebster, @thestalwart, @satyap, @niemanlab, MacRumors and Music Business Worldwide, more at Techmeme »
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Kyle Pope / Columbia Journalism Review:
Craig Newmark donates $10M to Columbia Journalism School to launch new ethics center and $5M to Poynter to create separate ethics and leadership center — For many of the past few decades, the rules around journalism ethics have been largely settled. We know the appropriate ways to treat sources …
Discussion:
Poynter, Columbia, @kellymcb, @macloo, @doristruong, @kellymcb, @emilybell, @kellymcb, @kellymcb, @stevecollny, @kylepope, @raju, Fortune and Editor & Publisher
Melissa Locker / Fast Company:
Vox Media's General Manager Andrew Golis is leaving the company to join New York-based radio station WNYC as chief content officer — New York Public Radio announced today that long-time digital media executive Andrew Golis has a new job as WNYC's chief content officer.
Discussion:
www.wnyc.org, @zkahn, @moorehn, @joshtpm and @blirwin
Dade Hayes / Deadline:
21st Century Fox reported strong overall Q2 earnings, but its Television unit had a $22M loss, yet had 19% growth in ad, affiliate, and content sales — Continuing to put up steady results across its TV and film operations, 21st Century Fox posted a dip in earnings in its fiscal second quarter …
Discussion:
Variety, The Wrap and Broadcasting & Cable
Charlotte Tobitt / Press Gazette:
FT launches Sifted, a new site targeting young European entrepreneurs, running on part subscription and part sponsorship to keep it free for its target audience — The Financial Times has backed a news website for the European start-up world, which its founder has said will tap into a …
Discussion:
Talking Biz News
Alexis C. Madrigal / The Atlantic:
A dozen Harvard students and faculty reflect on Facebook's early days, how the platform worked, and how it made them feel as its first users — On the 15th anniversary of Facebook's launch at Harvard, a dozen students and faculty members reflect on seeing and being the first users of the world's largest social network.
Discussion:
@alexismadrigal, @adriennelaf, @racheldonadio, @tnhh and @mattturck
Joan E. Solsman / CNET:
YouTube CEO says the number of channels with 1M+ subs nearly doubled and the number of creators who earned five or six figures grew 40%+ in the last year — In a post on Tuesday about her 2019 goals, YouTube Chief Executive Susan Wojcicki touted several milestones Google's massive video site surpassed …
Discussion:
TechCrunch, YouTube Creator Blog, Variety, Music Ally, @susanwojcicki and Adweek, more at Techmeme »
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Josh Constine / TechCrunch:
Sources: Reddit is raising $150M to $300M in a Series D led by Tencent at a $2.7B pre-money valuation — Reddit is raising $150 million to $300 million to keep the front page of the Internet running, multiple sources tell TechCrunch. The forthcoming Series D round is said to be led …
Discussion:
Gizmodo, @shiruken, @emilybell, @carnage4life, @badlogicgames, @dhh, @joshconstine and Business Insider
Janko Roettgers / Variety:
Podcast platform Himalaya, which offers mobile apps that let listeners tip creators, raises $100M and aims to add exclusives and paid content to its app — San Francisco-based podcasting startup Himalaya has raised $100 million in funding to establish itself as a new force in the podcast distribution space.
Jon Levine / The Wrap:
Leaked audio: Vice news chief Josh Tyrangiel says Vice is nearing a deal with Hulu for a new show, and revenue loss after end of HBO show contributed to layoffs — “We now have paper. We now have pens. The pens are not on paper," Vice executive Josh Tyrangiel says of the deal
Discussion:
Digiday, @levinejonathan, @tomhbunting, @pblest and @plbarghouty
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