Top News:
Todd Spangler / Variety:
AT&T Q1: WarnerMedia revenue was $8.5B, up 9.8% YoY; DTC subscription revenue was $1.8B, up 35.3% YoY; HBO Max/HBO added 2.7M subscribers for a total of 44.2M — As of the end of March, HBO Max/HBO combined had 44.2 million domestic customers, up 2.7 million from 41.5 million at the end of 2020.
Joshua Benton / Nieman Lab:
A look at the flaws in the study claiming a gap between Americans and the values espoused by journalists, whose conclusions aren't quite supported by its data — A study that seemed to claim they had was treated as “bad news for journalists: the public doesn't share our values.”
Discussion:
Poynter, @lauralauradat, MediaPost, @jbenton, @jbenton, @jeffjarvis, @charliebeckett, @froomkin, @lyman_brian, @jswatz, @froomkin, @mmasnick, @benjamintoff, Liberty Nation and wgbh.org
Financial Times:
Sources: Apple plans to expand its ad business and add a second ad slot in the App Store search page even as it introduces privacy rules crippling ads by rivals — New privacy rules deal a huge blow to how the mobile advertising industry works — Apple will expand its advertising business …
RELATED:
Ben Thompson / Stratechery:
Apple's Podcasts Subscriptions is costly but offers a great Apple-controlled customer experience that could reduce subscriber churn and boost conversion rates — There was a bit of a brouhaha a couple of weeks ago when Senators Amy Klobuchar and Mike Lee sent a letter to Apple accusing …
New York Times:
W.W. Norton stops shipments of a Philip Roth biography after claims the writer, Blake Bailey, groomed his students; two women say he sexually assaulted them — W.W. Norton, citing the accusations that the author, Blake Bailey, faces, said it would stop shipping and promoting his new best-selling book.
Discussion:
New Orleans Times-Picayune, Mediaite, Publishers Weekly, The Hill, Vanity Fair, Newser, bookforum.com, Associated Press, @matthewschneier, @gerardaraud, @moiradonegan, @azbrodsky, @miriamelder, @amandakhurley, @mariskreizman, @therealbradbabs, @xanalter, @chengela, @jamiattenberg, @tinajordannyt, @kmonty, @rosao_hara, The Time of Monsters, @lpolgreen, @briallenhopper, @rachelabramsny, @dcbigjohn, @punkinonwheels, Between Rock and a Hard Place, @rachelcleves, @alex_lily, @lmlauramarsh, @profsunnysingh, @alexanderrusso, @paperalphabet, @ennisnyt, New York Post, The Wrap, The Guardian, Los Angeles Times and Los Angeles Times
Jim Waterson / The Guardian:
Guardian revenue stayed flat at £225M in FY 2020-21 as revenue from online subscriptions and donations rose 61% YoY to £69M, offsetting ad and print losses — Guardian's parent company to repay funds in light of substantially improved financial position
Discussion:
@wblau, @frasernelson, @perlberg and @mediaguardian
Katie Robertson / New York Times:
NYT says it won't voluntarily recognize the NYT tech workers' union, telling it to put the effort to a formal vote through the NLRB — The company said that, for now, it would not recognize a newly formed union representing more than 650 Times employees. — The New York Times Company …
Discussion:
@katie_robertson, @adamserwer, @jamieson, @moorehn, @juliareinstein, @nytguildtech, @withmeaa, @jackmirkinson, @robinberjon, @rajivpant, @rkgwork, @thedomino and Axios
Ryan Tracy / Wall Street Journal:
During confirmation hearing, FTC nominee Lina Khan says she supports an FTC review of the impact Google and Facebook have had on the journalism industry — Sen. Cruz ‘looks forward’ to working with Lina Khan, but other Republicans question her views and experience
Discussion:
Washington Post and Bloomberg, more at Techmeme »
Jabari Young / CNBC:
Overtime, which distributes sports content on social media, raises $80M Series C, part of which will fund its basketball league for 16-to-18-year-olds — - Overtime raised $80 million in a Series C with investors including Bezos Expeditions, Drake and NBA stars including Devin Booker, Trae Young and Klay Thompson.
Discussion:
Awful Announcing, Variety, Sportico, @jabarijyoung and @aaronjfentress, more at Techmeme »
Reuters News Agency:
Reuters has appointed Gina Chua as executive editor, reporting to EIC Alessandra Galloni; Chua has been EIC of the South China Morning Post and The Asian WSJ — Reuters, the world's largest multimedia news provider, announced today that Gina Chua has been appointed executive editor.
Discussion:
@raju, @stephenjadler, @jerometaylor, @zielina, @jeffjarvis, @lawrencehurley, @ginaskchua, @elanazak and @rasmus_kleis
Anthony Ha / TechCrunch:
Facebook says there are 2B+ users each month watching videos eligible for in-stream ads and is starting a test of targeting by topic for in-stream video ads — Facebook is announcing some new capabilities for video advertisers on Facebook and Instagram, as well as new numbers about the potential audience that those ads might reach.
Discussion:
MediaPost and Ad Age, more at Techmeme »
Jason Gurwin / The Streamable:
Sling TV is launching DraftKings Basketball, a channel with real-time game scores and betting odds of NBA games, and will expand to baseball and hockey — Sling TV has expanded their partnership with DraftKings. The Live TV Streaming Service launched a new exclusive sports betting channel …
Discussion:
SLING TV, nexttv.com, MediaPost and @davidclinchnews
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