Top News:
Ronan Shields / Adweek:
Outbrain confidentially files for an IPO, seeking a $2B valuation, after the abandonment of its earlier attempted merger with rival Taboola — Ad-tech company seeks $2 billion valuation in planned IPO
Discussion:
@rafat, Yahoo Finance, @tsimonite, @lanceulanoff, @ediggs and @adweek, more at Techmeme »
Todd Spangler / Variety:
Roku rebrands Quibi content as Roku Originals and says those 75+ shows will be available to watch for free on the ad-supported Roku Channel later this year — Roku is officially dropping the Quibi name. … The 75-plus original shows from Quibi will be available to watch for free …
Discussion:
TechCrunch, Light Reading, The Streamable, IGN India, Adweek, @sepinwall, Hollywood Reporter, @xpangler, @caro, @jeremarketer, The Verge, WORLD SCREEN, Bloody Disgusting! and Cord Cutters News
Sara Fischer / Axios:
AP says StoryShare will expand in the coming months from geographic to topical networks, letting newsrooms share around topics like storms and gun control — “This is about giving customers the capability to launch networks and improve coverage.”
Discussion:
@norgillespie and @sarafischer
Sahil Patel / Wall Street Journal:
NBCUniversal hires Nielsen exec Kelly Abcarian as its first EVP of measurement and impact, and says it is spending $100M+ annually on data and tech initiatives — The media giant is spending more than $100 million annually on data and technology initiatives
Discussion:
Variety, @beet_tv, @sizpatel and @lindayacc
Sara Fischer / Axios:
Bloomberg Media says its revenue grew ~30% YoY in Q1, as it hit more than 300,000 active subscribers, up from 250,000 in Q4 2020 — One to watch at this year's Upfront and Newfront advertising presentations (held virtually again in 2021): Bloomberg Media. — What to watch …
Discussion:
Talking Biz News, @alecmacgillis and @rafat
Fern Siegel / The Streamable:
Byron Allen launches Local Now, a free ad-supported streamer that aggregates 300+ hyperlocal channels across 225 markets in the US — Local Now, the free ad-supported streamer, has kicked off on most major platforms. Local Now aggregates and streams local news, weather, sports, traffic and entertainment in real time.
Discussion:
contextisking.com, @michellemanafy and The Wrap
Elizabeth Williamson / New York Times:
A look at Knowledge Fight, a podcast started in 2017 to mock Alex Jones that grew into a profitable enterprise and is now chronicling Jones' downward spiral — Dan Friesen and Jordan Holmes turned their Infowars-skewering podcast into a business. In the post-Trump era, they're documenting Mr. Jones's reckoning.
Discussion:
@egavactip, @jaredlholt, @martyderosa, @jrosenbaum, @freedlander, @jonathanweisman, @lrozen and @michaelshermer
Charlotte Tobitt / Press Gazette:
UK's Reach says referrals to its websites from Instagram grew by more than 500% YoY in 2020 and followers across its 50 Instagram accounts grew by 40% YoY — The number of readers driven to Reach regional websites from Instagram grew by more than 500% in 2020.
Charlotte Tobitt / Press Gazette:
Editor of UK's Sunday Times apologizes after a front page story about Prince Philip's funeral claimed the public “secretly enjoyed” his racist gaffes — Sunday Times editor Emma Tucker has apologised after a front page story about Prince Philip's funeral claimed the public …
Discussion:
@stopfundinghate, @pressgazette, Insider, @okwonga, The Independent and The Guardian
Robert Channick / Chicago Tribune:
Tribune Publishing sets May 21 date for shareholders to vote on a deal to sell the Chicago-based newspaper chain to hedge fund Alden Global Capital for $633M — Tribune Publishing set a May 21 date for shareholders to vote on its deal to sell the Chicago-based newspaper chain to hedge fund Alden Global Capital for $633 million.
Discussion:
@robertchannick, @opinion_joe and Talking Biz News
Alison Flood / The Guardian:
Simon & Schuster refuses to cancel a seven-figure book deal for Mike Pence's memoir, after staff open letter accused the publisher of “legitimising bigotry” — Simon & Schuster president Jonathan Karp says seven-figure book deal will go ahead, after open letter …
Discussion:
Insider, Wall Street Journal, @markpaultimes, @jasonleopold, The Week, @oliverdarcy, Bookseller News and @bencjacobs
Edmund Lee / New York Times:
Competitors like Disney+, HBO Max, and Amazon Prime Video have cut into Netflix's share of viewer attention, but the company is in its best financial shape ever — The streaming service reported the addition of four million new customers for the first quarter, below the six million it had forecast.
Discussion:
@edmundlee, Axios, @xpangler, @shakeelhashim, Collider, CNBC, Variety and New York Times
RELATED:
Netflix:
Netflix reports Q1 revenue of $7.16B, up 24% YoY, and 208M paid memberships, up 14% YoY but below its forecast of 210M; stock down 10%+ after hours
Discussion:
Variety, @lucas_shaw, Digiday, Financial Times, Variety, @charliebilello, FierceVideo, The Playlist, CNBC, @lucas_shaw, MediaNama, @variety, @lucas_shaw, @tvmojoe, @tvmojoe, @tvmojoe, @pkafka, @thestalwart, @mylesudland, musically.com, Forbes, Hollywood Reporter, Junghoon's Direct Media …, The Verge, Ad Age, ZDNet, IndieWire, Light Reading, MediaPost, Protocol, The Wrap, TechCrunch, Yahoo Finance and Wall Street Journal
Anthony Ha / TechCrunch:
Creator+, which wants to build a film studio to produce feature-length movies by top creators and distribute them through a streaming service, raises $12M — In the words of co-founder and CEO Jonathan Shambroom, Creator+ is a new startup that will “finance, produce and distribute feature-length films …
Discussion:
Variety, Los Angeles Times and Hollywood Reporter
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