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.
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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:
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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 …
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Mediaite, @awallenstein, MediaPost, New York Post, TVNewser, Deadline and The Wrap
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 …
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CNN, @nymag, Variety, Puck, @robenfarzad, @mrernestowens, @joshsternberg, @tomgara and Mediaite
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:
@mattdpearce, Hollywood Reporter, Washington Post, Music Ally, @jamessurowiecki, @mmasnick, @markmilian, @heerjeet, @broderick, @mcwm, @justinhendrix, @lucas_shaw, @slpng_giants, CNET, @lucas_shaw, @lucas_shaw, @pashulman, @mmasnick, @jkosseff, @sdkstl, New York Times, @melissaryan, @aweiss, @baekdal, @wagatwe, @reanimike, @ahmedbaba_, @evan_greer, Financial Times, The Verge, The Wrap, Wall Street Journal, 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 …
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@lucas_shaw, The Wrap, NPR, Variety, Bloomberg, @brianna_ashby, UPROXX, @kennethcolereal, The Daily Beast, @dcseifert, @willmcavoyacn, Pitchfork, Breitbart, Music Business Worldwide, Rolling Stone, Insider, Deadline and Billboard
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:
Spotify, The Hollywood Reporter, ZDNet, @accessnow, @lucas_shaw, @lucas_shaw, @kerrymflynn, Engadget and TechCrunch, more at Techmeme »
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.
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CNBC, Variety, Facebook, ZDNet, @eric_seufert, @xpangler, @aparanjape, @ashkan, Reuters, @hotlinejosh, @corymillsfl, Sky News, Ad Age, Hollywood Reporter and Deadline, more at Techmeme »
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Stephanie Condon / ZDNet:
Meta CFO says Apple's ATT privacy changes will cost the company $10B in revenue during 2022 and says Google “faces a different set of restrictions from Apple” — Meanwhile, the company accused Apple of favoring Google over app-based platforms like Facebook with its privacy policies
Discussion:
CNBC, The Economic Times and MacRumors, 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, @annehelen, @scottnover, @emilybell, @erickschonfeld, @karenmcgrane, @jessicalessin, @wturvill, @jason_kint, @davidclinchnews, @jarroddicker, @davecullinane, @alexweprin, @perlberg, @gerryfsmith, @bmorrissey, @cliffordlevy, @alexweprin, @perlberg, Poynter and Nieman Lab
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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
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.
Anna Gross / Financial Times:
BT says it has started exclusive discussions with Discovery over forming a joint venture for BT Sport, deciding against a sale to DAZN — UK telecoms group considers 50/50 alliance with Eurosport UK after deciding against sale to DAZN — BT has started exclusive discussions …
Discussion:
The Guardian, Variety, Broadband TV News, Daily Mail, C21Media, Digital TV Europe, The Independent, Sky News, Deadline, @tariqpanja, @chrisrobwill, BT plc, @martingrantross, @cg_williams, @tw_seal, @tw_seal, @tariqpanja, @frankdunnetvsm, @tariqpanja, @tariqpanja, @tariqpanja and Bloomberg
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