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2:15 PM ET, April 29, 2019

Mediagazer

 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.
RELATED:
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: MediaPost
Stuart Dredge / Music Ally:
Royalties from digital services to UK copyright society PRS for Music rose 17% to £145.7M in 2018, the first year of its licensing deal with Facebook  —  British collecting society PRS for Music saw its collections grow by 4.4% to £746m (around $965.4m) in 2018, setting a new record.
Daniel Funke / Poynter:
Survey of 1,018 US journalists: only ~15% say they have been trained on how to best report on misinformation, while 80%+ have been duped by false info online  —  The spread of misinformation has changed the way that social media users interact with news.  —  A study published in Science Advances …
Discussion: @poynter
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
@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
Jessica Davies / Digiday:
El Pais-owner Prisa Media made a tool that uses machine learning to identify articles that evoke positive feelings, in a bid to sell brand-safe ads at a premium  —  Monetizing hard news has always been a thorn in the side of general-news publishers.  For some advertisers …
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
 
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 More News: 
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
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
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
 

 
From Techmeme:

Sam Kim / Bloomberg:
South Korean national statistics data: chip output grew 65.3% YoY in February 2024, the most since late 2009, with demand for AI-related memory driving growth

Meredith Whittaker / LPE Project:
The TikTok divestment bill will not offer any meaningful privacy protection from China, but it will further entrench the dominance of US-based social networks

Kyle Wiggers / TechCrunch:
AI21 Labs launches Jamba, an AI model that integrates two architectures: transformer and Mamba, which is based on the Structured State Space model

 
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