Top News:
Spotify:
Spotify reports Q1 revenue of €1.5B, up 33% YoY, reduces net loss to €142M, says it has 217M MAUs, up 26% YoY, with 100M premium subscribers, up 32% YoY — Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the first fiscal quarter of 2019 ending March 31, 2019.
Discussion:
Wall Street Journal, TechCrunch, VentureBeat, Variety, 9to5Mac, @richbtig, Engadget and @pkafka, more at Techmeme »
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Paul Sawers / VentureBeat:
Spotify confirms it paid €50M to acquire the podcasting studio Parcast in addition to the €308M spent on Anchor and Gimlet in 2019 — Spotify has confirmed that it paid €50 million ($56 million) to acquire Parcast, the story-based podcasting studio it snapped up last month.
Discussion:
Business Insider and Bloomberg
@nytopinion:
NYT apologizes, says it published the antisemitic cartoon because of a faulty process when an editor working without adequate oversight decided to include it — We apologize for the anti-Semitic cartoon we published. Here's our statement. pic.twitter.com/nifZahutpO
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Seth J. Frantzman / Jerusalem Post:
NYT says it published a cartoon with antisemitic tropes in its international print edition on Thursday due to “an error of judgment” — New York Times admits cartoon had antisemitic tropes and says it was an error of judgement to publish. — The New York Times International Edition ran …
Nic Fildes / Financial Times:
Sources: UK's Telegraph Media Group plans to cut about 50 jobs in its commercial department as it continues its shift to a subscription-first revenue strategy — Telegraph Media Group has launched its latest round of restructuring as it presses ahead with its shift to a premium subscription-based model.
Discussion:
@orskov
Ginny Marvin / Search Engine Land:
Microsoft rebrands Bing Ads as Microsoft Advertising, says it will introduce more advertising products with built-in AI over the next year — The new name reflects a broader focus on ad inventory, data and targeting capabilities. — First there was Microsoft adCenter. Then there was Bing Ads.
Christopher Cadelago / Politico:
The unusual relationship between the US President and NY Times photographer Doug Mills, whom Trump has called “my genius photographer” — Earlier in his administration, as Donald Trump launched attack after attack on the mainstream media, a series of newspaper photographs caught his attention, in a good way.
Discussion:
@anitakumar01
Eric Berger / Columbia Journalism Review:
As more newspapers close their own printing plants and outsource to a central location, legacy printing-press installers reflect on a declining profession — When Joel Birket was a child, his family moved to new cities for a year at a time so his father, William, could install printing presses …
Discussion:
@raju
Zack Stanton / Politico:
Interview with Kate Ward, Bustle Digital Group's departing EIC, on growing a large media organization while keeping aspects of startup culture and more — Kate Ward, editor-in-chief of Bustle Digital Group, on what is worth keeping — and getting rid of — as a company grows.
Danielle Abril / Fortune:
Interview with the CEO of Verizon Media, which generated $1.8B in revenue in Q1, down 7.2% YoY, on integrating commerce, investing in its ad platform, and more — Guru Gowrappan has spent the seven months charting a new course for Verizon Media, the struggling digital media business owned by telecom giant Verizon.
Tim Alberta / Politico:
Profile of Des Moines Register, renowned for its Iowa caucuses coverage and editorial endorsements during primaries, as it has coped with a shrinking newsroom — The great media disruption comes for the Des Moines Register. — Tim Alberta is chief political correspondent at Politico Magazine.
Discussion:
American Press Institute
Bloomberg:
Profile of Laurene Powell Jobs' Emerson Collective, an LLC that is part charity and part VC firm, and owns the majority stake in The Atlantic — In the seven years since the death of Apple co-founder Steve Jobs, his 55-year-old widow, Laurene Powell Jobs, has become one of the most high-profile philanthropists in the world.
Discussion:
Fortune, @dswinder, @business and @andykarsner, more at Techmeme »
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