Top News:
Michael M. Grynbaum / New York Times:
Jeff Zucker resigns as CNN president and chair of WarnerMedia's news and sports division, saying he didn't disclose a relationship with a senior CNN executive — The relationship came up during the network's investigation into the former anchor Chris Cuomo.
Discussion:
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Brian Stelter / CNN:
CNN's chief marketing officer Allison Gollust says she and Jeff Zucker started a relationship “during COVID”; Gollust will remain at CNN — New York (CNN Business)CNN Worldwide president Jeff Zucker said Wednesday that he is resigning, effective immediately.
Discussion:
CNBC, Politico, The Wrap, @brianstelter, Mediaite, RADAR, The Daily Beast, @davidfolkenflik, OutKick, The Present Age, Fast Company, Vanity Fair, The Week, UPROXX, @jbflint, The Wrap, Observer, @nycsouthpaw, Ad Age, Rolling Stone, Newser, Insider, Jezebel, Forbes, Mother Jones, The Truth Barrier, ET Canada, Adweek and Barrett Media
Shawn McCreesh / New York Magazine:
CNN staffers puzzle over Jeff Zucker's sudden move as his relationship was an “open secret”: “this is Kilar taking his succession swipe back at Jeff” — At first, it seemed like Jeff Zucker was just another piece of collateral damage from Andrew Cuomo's demise …
Discussion:
@mrernestowens, @nymag, @robenfarzad, @joshsternberg and Mediaite
Brian Steinberg / Variety:
WarnerMedia CEO Jason Kilar names three CNN top managers, Michael Bass, Amy Entelis, and Ken Jautz, as interim CNN co-heads through the Discovery merger close — “We are fortunate to have three senior leaders within the News organization who have agreed to serve as interim co-heads …
Discussion:
TVNewser, @awallenstein, Deadline, New York Post, MediaPost, Insider and The Wrap
Los Angeles Times:
Sources: in a Spotify staff meeting, CEO Daniel Ek said the company sees itself as a platform for, not a publisher of, Joe Rogan's podcast — Spotify CEO Daniel Ek told employees Wednesday morning that the streaming service doesn't closely supervise controversial podcast host Joe Rogan …
Discussion:
Hollywood Reporter, Washington Post, New York Times, @mattdpearce, CNET, Financial Times, @lucas_shaw, @lucas_shaw, @lucas_shaw, @jamessurowiecki, @heerjeet, @broderick, @mcwm, The Verge, @justinhendrix, The Wrap, @pashulman, @mmasnick, @jkosseff, @sdkstl, @melissaryan, @aweiss, @wagatwe, @ahmedbaba_, @evan_greer, Deadline and Bloomberg, more at Techmeme »
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Christi Carras / Los Angeles Times:
Neil Young's former bandmates, David Crosby, Stephen Stills, and Graham Nash, ask their music labels to remove their collective recordings from Spotify — Crosby, Stills, Nash & Young are getting the band back together to boycott Spotify. — On Wednesday, David Crosby …
Discussion:
The Wrap, NPR, @lucas_shaw, Variety, Bloomberg, @kennethcolereal, @dcseifert, @brianna_ashby, The Daily Beast, @willmcavoyacn, UPROXX, Deadline, Music Business Worldwide, Breitbart, Rolling Stone, Pitchfork, Billboard and Insider
Lucas Shaw / Bloomberg:
Spotify reports Q4 revenue of €2.69B, up 24% YoY, 406M MAUs, up 18% YoY, and ad-supported revenue of €394M, up 40% YoY and a record 15% of total revenue
Discussion:
The Hollywood Reporter, Spotify, Engadget, Spotify, @lucas_shaw, @lucas_shaw, TechCrunch and @kerrymflynn, more at Techmeme »
The New York Times Company:
The NYT reports 375K net new digital subscriptions in Q4, $2B annual revenue in 2021 for the first time since 2012, and targets 15M+ subscribers by end of 2027 — The New York Times Company (NYSE: NYT) announced today fourth- quarter 2021 diluted earnings per share from continuing operations …
Discussion:
@dkthomp, @sarafischer, @edmundlee, @karenmcgrane, @alexweprin, @davidclinchnews, @cliffordlevy, @annehelen, @scottnover, @perlberg, @perlberg, @emilybell, @bmorrissey, @erickschonfeld, @wturvill, @davecullinane, @gerryfsmith, @alexweprin, @jarroddicker, @jason_kint, @jessicalessin, Poynter and Nieman Lab
RELATED:
Marc Tracy / New York Times:
The New York Times Company closes its acquisition of The Athletic and its 1.2M subscribers, hitting its 10M subscriber goal three years ahead of schedule — The deal for the sports site, which was completed on Tuesday, helped the company reach that goal a couple of years early.
Rick Edmonds / Poynter:
Alden's effort to take over Lee Enterprises heats up, with a court hearing on February 7 and competing proposals for Lee's board ahead of a meeting on March 10 — Four recent developments in the hedge fund's attempt to take over the owner of St. Louis Post-Dispatch, Omaha World-Herald, The Buffalo News and more.
Discussion:
Lee Enterprises, Inc., Business Wire and @spj_tweets
BBC:
Meta reports Q4 ad revenue of $32.6B, up 20% YoY, but warns sales growth could be 3%-11% in Q1 2022 due to iOS changes, inflation, and supply chain disruptions — Facebook-owner Meta has warned of slowing growth, as audiences flock to competitors like TikTok and the businesses that advertise on its platforms cut marketing budgets.
Discussion:
CNBC, Variety, Wall Street Journal, Facebook, @ashkan, Reuters, Sky News, @xpangler, Deadline, Ad Age, @hotlinejosh, Hollywood Reporter and @corymillsfl, more at Techmeme »
Sara Guaglione / Digiday:
How podcast publishers like Vice, iHeartMedia, and Tinkercast are growing audiences by producing original and translated non-English language content — For bilingual people and international listeners, expect more podcasts coming your way from U.S.-based publishers and audio platforms this year.
Stephanie Bodoni / Bloomberg:
Belgium's data watchdog fines IAB Europe €250K after finding its ad-targeting tool violates GDPR, and orders a “series of remedies” within two months — IAB Europe, an association for online advertising companies, was fined 250,000 euros ($282,690) and handed an ultimatum …
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