Top News:
Marc Tracy / New York Times:
NYT Q4: profit up 4.4% YoY to $78M on revenue of $502.7M, up 1.1% YoY, ad rev fell 10.7% YoY, digital subscriptions grew 30.8% YoY to ~4.4M of 5.25M total subs — The company hit a key milestone in the fourth quarter of 2019, passing $800 million in annual digital revenue, an amount that came more from readers than advertisers.
Discussion:
The Wrap, CNN, @meslackman, Reuters, @charliebeckett and @markdistef
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Hannah Zhang / CNN:
NYT to raise its digital subscription price for the first time, from $15 to $17 every four weeks, effective March 8 — New York (CNN Business)The New York Times will raise the price of its digital subscription from $15 every four weeks to $17, its first ever price bump.
Discussion:
AdExchanger and @tripgabriel
Nieman Lab:
Protocol, billed as “Politico, but for tech”, launches as a sponsor-supported outlet with journalists who have worked at Wired, NYT, WSJ, and The Information — “Technology is no longer just a sector of the economy or an industry — it's a global power center akin to any nation's capital.
Discussion:
Adweek, protocol, Politico, @mattdrange, @sarahscire, @harrispolitico, @joemfbrown, @tomkrazit, @timgrieve, @rgogel, Washingtonian, @digiphile, @r_allbritton, @pierce, THEFUTURE and MediaPost
Joe Pompeo / Vanity Fair:
Tribune Publishing employees, amid buyouts, are still seeking to avoid further decimation of journalism now that Alden Global Capital owns 32% of the company — In its mission to squeeze the last profits out of newspapers, Alden Global Capital has eliminated the jobs of scores of reporters and editors …
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Kimberly Pierceall / Virginian-Pilot:
Tribune Publishing has accepted buyouts from 20 people in news operations at The Virginian-Pilot, Daily Press, and related community publications
Discussion:
@tylerjuranovich, @danlamothe, @kenwardjr, @haltman, @brockvergakis, @heettweets, @oversharinerin, @journomurph, @oversharinerin, @joeyerardi, @mike_hixenbaugh, @briancolligan, @gragonews, @aileen__devlin, @aileen__devlin, @pdavis_llc, @gragonews, @havana58, @brockvergakis, @bypetercoutu, @robynsidersky and @saragregory
Charlotte Tobitt / Press Gazette:
Survey of 1,711 UK adults during the general election campaign finds BBC News and Mail Online together accounted for 49% of all time spent on news websites — BBC News and Mail Online together accounted for almost half of all time spent on news websites by UK adults during …
Discussion:
Reuters Institute …, @markfrankel29, @post_liberal, @janebsinger and Reuters Institute …
Ryan Faughnder / Los Angeles Times:
Warner Bros. and HBO Max to launch Warner Max, a division specializing in making movies for streaming, with plans to make 8-10 films a year for HBO Max — Movie studio Warner Bros. and HBO Max are launching a new division that will specialize in making movies specifically for streaming, the companies said Wednesday.
Discussion:
Deadline
Kali Hays / WWD:
Sources: The Hollywood Reporter has laid off about a dozen staffers affecting its web team, styles coverage, and international correspondents — Last year, the publication cut a number of non-edit staffers. — The Hollywood Reporter is making some staff cuts.
Discussion:
Talking Biz News
Abner Li / 9to5Google:
Google says Chrome's ad blocker will expand to target disruptive video ads in August, including long pre-roll ads, mid-roll ads, and overlay ads on video — Last year, Google made Chrome's standards-backed ad blocker fully available around the world. The Better Ads Standards today announced a …
Discussion:
Chromium Blog, The Drum, @jbenton, Marketing Dive, @glenngabe, Softpedia News, @suka_hiroaki, @matthewkeyslive, Engadget and Adweek, more at Techmeme »
Rbr-Tvbr / Radio & Television Business Report:
Report: radio's digital ad revenue crosses $1B for the first time, making up 10% of total ad revenue; local radio station revenue grew 25% in 2019 — Radio's digital ad revenue blasted through the billion-dollar plateau for the first time, now accounting for 10% of total advertising revenue for the industry.
Discussion:
MediaPost
Jenny Singer / Glamour:
Seven female journalists, including CNN's Dana Bash and NYT's Eileen Sullivan, talk about covering Trump's impeachment, the Democratic primaries, and more — Keeping up with the news has never felt harder. There's a crowded and contentious election, a historic impeachment trial …
Discussion:
@dr_leah, @jessicadean, @austinkellerman, @jgreendc, @cnnvalentine, @sabrinasingh24, @courtneybeesch, @jeanvaljenny, @alexi and @kasie
Hollywood Reporter:
Fox Corporation reports net income of $314M on revenue of $3.78B, up 5% YoY; fair values of investments in Roku and Canada's The Stars Group boosted income — Quarterly revenue rose 5 percent to $3.78 billion compared to a year-earlier $3.58 billion. — Fox Corp., led by CEO …
Discussion:
The Wrap, Variety, @alexweprin, Multichannel News, Broadcasting & Cable and Fox Corporation
Kayleigh Barber / Digiday:
Pride Media's new CEO Diane Anderson-Minshall talks about plans to reorganize editorial operations at its LGBT titles and how it can become profitable this year — Pride Media and its four LGBTQ-focused titles, including Out and The Advocate magazines, began 2020 on shaky ground following …
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