Top News:
Sara Fischer / Axios:
Sources: CNN planned to invest ~$1B in CNN+ over four years and projected 2M US subs in year one, but will likely cut back dramatically after spending ~$300M — Investment and projections for CNN+ are expected to be cut dramatically in response to a low adoption rate, two sources tell Axios.
Discussion:
CNBC, @sarafischer, CNBC, TVNewser, Mediaite, The Streamable, @brentscher, The Kitchen Pundit, @parkermolloy, @fawfulfan, @matthewsitman, @jbarro, @foster_type, @bmorrissey, @awprokop, @mattzeitlin, @claireatki, @firstadopter, @scottnover, @dgisserious, @dankennedy_nu, @alexweprin, TechCrunch, @sarafischer, @rafat and @matt_walsh
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Lucas Shaw / Bloomberg:
AT&T's purchase of Time Warner was a money-losing failure for AT&T but a big win for HBO, which has topped peers FX, Showtime, and AMC Networks at streaming — AT&T's acquisition of Time Warner was a failure for the phone company, which spent $85 billion to acquire the media conglomerate …
Discussion:
Axios, @shiraovide, @lucas_shaw, @lucas_shaw, @digitalshields, @ldignan, @tvmojoe, @jonfriedman, @davechensky and @pkafka
Diane Haithman / The Wrap:
Warner Bros. Discovery closed up 1.27% on Monday at $24.78 per share, after opening at $24.08 on its Nasdaq trading debut — Warner Bros. Discovery, the merged entity of WarnerMedia and Discovery, started its first Nasdaq trading day on Monday at $24.08 per share, rocketed up to close to $26 per share …
Brian Steinberg / Variety:
Warner Bros. Discovery, which owns Turner Sports and Eurosport, could become a global operator in sports over the next few years — There's a new contender in the arena. — As Discovery begins its new era of operating Warner Bros., HBO and Turner, all eyes are on how the new company …
Ross A. Lincoln / The Wrap:
Returning from a hiatus, Rachel Maddow announces she will host her MSNBC show on Monday nights only from May to give herself more time to work on other projects — In her return from a hiatus of almost two months, Rachel Maddow announced on Monday night that starting in May, she'll begin hosting …
Discussion:
Los Angeles Times, MediaPost, Variety, Newser, Deadline, The Kitchen Pundit, New York Post, The Sun, @gibsonradio, Axios, Forbes, Advocate, HuffPost, Fox News, Hollywood Reporter, Mediaite and TVNewser
Elahe Izadi / Washington Post:
Gannett will cut at least one print day at 50 papers by June; Gannett exec says e-edition use is up 140% since March when print days were cut at 136 papers — When she was a child, Sandy Auburn's father read the comics to her; eventually, she learned to read them to him.
Colin Kirkland / MediaPost:
Forbes launches its first NFT collection, featuring 100 fictional billionaire investors with theoretical portfolios and virtual net worths based on NYSE pricing — Forbes, famous for its “Richest People In The World” list, is now offering anyone the chance to become a billionaire — a virtual billionaire, that is.
Discussion:
What's New in Publishing and @forbescrypto
Foo Yun Chee / Reuters:
Source: Apple will face an additional EU antitrust charge in the coming weeks, in an investigation into music streaming triggered by a complaint from Spotify — Apple (AAPL.O) faces an additional EU antitrust charge in the coming weeks in an investigation triggered by a complaint from Spotify …
Discussion:
Reclaim The Net, CNET, 9to5Mac, AppleInsider, MacRumors and Music Ally
Alex Ritman / The Hollywood Reporter:
FIFA launches FIFA+, an ad-supported platform with live games from domestic leagues, archival content, and documentaries, but no World Cup games — The new ad-funded service will include live matches, a huge archive of World Cup clips and games, plus original content, including feature docs and series …
Discussion:
Variety, Bloomberg, CNET, Awful Announcing, LostRemote, FIFA launches FIFA …, The Streamable, TechCrunch, The Wrap, Engadget and Media Play News
Janko Roettgers / Protocol:
Netflix is rolling out a Double Thumbs Up ratings option, which will appear next to the thumbs up and down buttons, to let it refine content recommendations — For nearly five years, Netflix has had simple thumbs-up and thumbs-down icons to express viewing preferences and help its algorithms provide better recommendations.
Discussion:
Variety, @alexhern, @jank0, @dfriend, @richontech, Nerdist, Gizmodo, Forbes, About Netflix and 9to5Mac
Sara Fischer / Axios:
Snap launches Dynamic Stories, which lets news outlets publish stories using RSS feeds, facilitating breaking news coverage, starting with 40+ publishers — Snapchat is rolling out a new product that aims to make it easier for news publishers to upload their content in real time as stories break, Axios has learned.
Discussion:
Snap Newsroom, @davewiner and @noahchestnut
Megan Graham / Wall Street Journal:
OpenWeb, which helps publishers manage comments and user interactions, buys French digital ad firm Adyoulike for $100M to connect reader data with advertisers — The addition of Adyoulike will help publishers use first-party data to advertise to their readers
Discussion:
MediaPost and @bmorrissey
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