Top News:
Tatiana Siegel / Rolling Stone:
Source: WarnerMedia's probe into Chris Cuomo advising his brother broadened to include ties between Jeff Zucker, Allison Gollust, and Andrew Cuomo — The ongoing investigation, which exposed an affair that led to Zucker's abrupt resignation yesterday, has expanded to include possible …
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Sara Fischer / Axios:
A 40-minute recording of a CNN staff meeting with WarnerMedia CEO Jason Kilar showcases frustration and confusion over how and why Jeff Zucker was forced out — CNN staffers on Wednesday pummeled WarnerMedia CEO Jason Kilar with tough questions in the wake of the resignation of CNN boss Jeff Zucker …
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Margaret Sullivan / Washington Post:
Jeff Zucker's legacy is defined by his pursuit of TV ratings at NBC and CNN and his relationship with Donald Trump, whose persona he helped create and burnish — Many questions still swirl around Wednesday's startling announcement that, after nine years, Jeff Zucker's reign as CNN president was over.
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Shawn McCreesh / New York Magazine:
Jeff Zucker's resignation puzzles CNN staff as his relationship was an “open secret”: “Everyone thinks this is Kilar taking his succession swipe back at Jeff”
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Jeff Schogol / Task & Purpose:
Top Biden administration spokespeople became hostile when reporters pressed them to provide at least some proof to back up their claims about Syria and Russia — If it's starting to feel like March 2003, that's because President Joe Biden's administration is definitely taking an “either you are with us or with the terrorists” vibe.
Wall Street Journal:
Filing: News Corp discovered a hack on January 20 that accessed emails and documents of some staff; expert says the hack is likely linked to China — The attack, discovered on Jan. 20, affected publications including The Wall Street Journal, New York Post and the company's U.K. news operation
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Kimberly Chin / Wall Street Journal:
News Corp Q2: $235M profit on $2.72B revenue, up 13% YoY; Dow Jones' revenue hit $508M, up 14% YoY; News Corp news-media unit had $111M profit on $638M revenue — Publisher of The Wall Street Journal reports 13% increase in revenue as digital subscriptions grow
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New York Post
Todd Spangler / Variety:
Filing: Amazon spent $13B on TV, movie, and music content in 2021, up 18% YoY, a significant slowdown from 2020, when spending grew 41% — The ecommerce giant disclosed total video and music expense for 2021 in its annual SEC filing Friday. That total is compared with $11 billion the year prior, which was up roughly 40% versus 2019.
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Deadline and Hollywood Reporter, more at Techmeme »
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Jordan Novet / CNBC:
Amazon breaks out advertising services revenue for the first time, reports $9.7B for Q4, up 32% YoY, $31.2B for FY 2021; subscription services grew 15% to $8.1B — - Amazon disclosed advertising for the first time on Thursday. — Amazon said its advertising business is growing 32%, and booked $31 billion last year.
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Lillian Rizzo / Wall Street Journal:
After complaints of limited Tokyo Olympics coverage on Peacock in 2021, NBCUniversal is offering all its Beijing Olympics coverage live on Peacock premium tiers — Comcast's nascent streaming service will provide full access to live coverage after drawing criticism during Tokyo Games
Discussion:
@rwhelanwsj and @benmullin
Meghan Bobrowsky / Wall Street Journal:
Snap CFO says parts of the company's ad business began to recover from Apple's privacy changes quicker than expected, as Snap sees its first quarterly profit — Snapchat maker says it will take time to fully adapt to the iPhone maker's software changes; shares rally after hours
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Kate Briquelet / The Daily Beast:
Two Epstein victims sue Miami Herald reporter Julie K. Brown for publishing defamatory statements in her 2021 book about Epstein — Two victims of the sex trafficker claim the legendary journalist misrepresented their stories in her book. — When Miami Herald reporter Julie K. Brown published …
Discussion:
Miami Herald, @csd and Rolling Stone
Kayleigh Barber / Digiday:
Crypto outlet Blockworks says 2021 revenue was $13M+, with 90% coming from ads and sponsorships and 10% from ticket sales, and plans to use NFTs to sell tickets — Crypto publisher Blockworks expects to roughly double its revenue this year by experimenting with the blockchain technology and trends in DeFi …
Discussion:
@digiday
Joshua Benton / Nieman Lab:
The UK and Canada draft laws akin to Australia's news bargaining code, which basically determines how much money outlets need to stop complaining about Google — The U.K. and Canada look ready to copy Australia's idea to force Google and Facebook to give publishers money.
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