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.
Discussion:
The Wrap, Variety, Hollywood Reporter, Deadline, The Streamable, AT&T, Fast Company, IndieWire, @xpangler, MediaPost, @moviedweller, Light Reading, ComingSoon.net, The Wrap, @loudmouthjulia, @tvgrimreaper, @sherman4949, Insider, @gerryfsmith, @richlightshed, Observer, @xpangler and WORLD SCREEN
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, @jbenton, @lauralauradat, MediaPost, @jbenton, @jeffjarvis, @charliebeckett, @froomkin, @lyman_brian, @jswatz, @froomkin, @mmasnick, @benjamintoff, Liberty Nation and wgbh.org
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, @alexnpress, @melissagira, @veenadubal, @whatthebit, @adamserwer, @moorehn, @juliareinstein, @nytguildtech, @withmeaa, @jackmirkinson, @robinberjon, @rajivpant, @rkgwork, @jamieson and @thedomino
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
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 …
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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, Los Angeles Times, Substack, Vanity Fair, Newser, Publishers Weekly, @azbrodsky, @xanalter, @jamiattenberg, Mediaite, The Time of Monsters, @matthewschneier, @dcbigjohn, The Hill, Between Rock and a Hard Place, @lmlauramarsh, @alexanderrusso, @paperalphabet, @therealbradbabs, @gerardaraud, @miriamelder, @mariskreizman, @kmonty, @rosao_hara, @briallenhopper, @rachelabramsny, @punkinonwheels, @alex_lily, @amandakhurley, @rachelcleves, @lpolgreen, @moiradonegan, Associated Press, @tinajordannyt, @profsunnysingh, @ennisnyt, @chengela, New York Post, bookforum.com, The Wrap, The Guardian and Los Angeles Times
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 »
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, @mrddmia, @newley and Bloomberg
Andy Robinson / VGC:
Sony confirms it is testing PlayStation Plus Video Pass, which lets PS Plus subscribers access over 20 movie and TV shows from Sony Pictures, in Poland — POLISH USERS HAVE ACCESS TO VIDEO CONTENT FROM TODAY; NO NEWS ON OTHER MARKETS YET — Sony Interactive Entertainment …
Discussion:
Gizmodo, FierceVideo, Reviews - VGC, @vgc_news, @origigreatness, @aegies, The Verge, PinkNews, Cord Cutters News and VG247, 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, @aholidayiii, Variety, @nealkhosla, @jabarijyoung, @aaronjfentress and Sportico, more at Techmeme »
Salvador Rodriguez / CNBC:
Snap reports Q1 revenue of $770M, up 66% YoY, vs $743.8M est., DAUs were up 22% YoY to 280M, net loss of $287M, down from $306M YoY — - Snap's stock rose in after-hours trading on Thursday after the company reported its first-quarter results despite beating Wall Street's expectations on earnings, revenue and user growth.
Discussion:
@somospostpc and Snap Inc., more at Techmeme »
Marty Swant / Forbes:
Atmosphere TV, a streaming service that provides audio-optional content supported by ads, raises $25M Series B from Valor Equity at a valuation of $275M — It's been more than a year since many Americans have sat inside a bar or restaurant, casually watching a silent TV play in the background.
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