Top News:
Alex Sherman / CNBC:
Sources: CNN+ has fewer than 10K daily users; CNN, the cable channel, had an average of 773K total viewers a day in 2021 — - Fewer than 10,000 people are using CNN+ on a daily basis two weeks into its existence, sources said. — The paltry audience casts doubt on the future …
Discussion:
@pmarca, @carnage4life, @sarthakgh, @patrickbetdavid, Axios, @ranjanxroy, New York Post, The Scroll, @joeconchatv, The Verge, @reckless, @rebeleconprof, The Daily Beast, @davidclinchnews, @kofinas, @drewholden360, @bennyjohnson, @esotericcd, The Wrap, The Desk, @buzzpatterson, @fshakir, @datarade, The Streamable, @walthickey, @jackmarshall, @benmorrissey16, Decider, Protocol, @carnage4life, @pnjaban, @nanhayworth, Gizmodo, @andygrewal, Gawker, @wyattduncan, @mascmillennial and Mediaite, more at Techmeme »
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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:
@sarafischer, CNBC, @brentscher, @gabrielroth, @dansinker, @odonnell_r, @davidsirota, ragnar_forseti's newsletter, @parkermolloy, @scottnover, The Kitchen Pundit, @richlightshed, @mattbelloni, @firstadopter, @justinbaragona, @coreypein, @fawfulfan, @dgisserious, @bennettjonah, @hemjhaveri, @buccocapital, LostRemote, @krystalball, @foster_type, @notcapnamerica, @sarafischer, @capeandcowell, @bmorrissey, @mschlapp, @claireatki, @awprokop, @jbarro, @mattzeitlin, @rafat, @bgrueskin, @matt_walsh, @matthewsitman, @dankennedy_nu, @emeriticus, @esaagar, @ishaantharoor, Mediaite, @alexweprin, @cgasparino, The Wrap, TechCrunch, @lucas_shaw, @ldignan, @jonfriedman and Bloomberg
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
Discussion:
Media War & Peace, @thewrap, Dallas Business Journal, Fierce Video, Barron's Online, The Hollywood Reporter, Yahoo Finance, Deadline, Next TV and AT&T
Sarah Scire / Nieman Lab:
After a two-year pause, the News Leaders Association is sharing its newsroom diversity survey this week; 303 outlets participated, missing the goal of 2,500 — Meredith Clark, who has led the News Leaders Association's diversity survey in recent years, has resigned from the project.
Discussion:
@meredithdclark, @hanaatameez, @niemanlab, @blackamazon, @amzam, @natematias, @mollydeaguiar, @kenyonfarrow, @dataeditor, @thenewsan, @kat__stafford, @cristymsilva, @anitawrites, @blackamazon, @andreagrimes, @sarahkaplan48, @adriana_lacy, @jesseholcomb, @loisbeckett, @elaheizadi, @abdallah_fayyad, @arreglalo, @jeffjarvis, @laurahazardowen, @notinmycolour, @vigneshr, @wagatwe, @mar1ssamart1nez, @sarahscire, @kaitwells and @blackamazon
Bitch Media:
Bitch Media, a feminist media outlet founded 25 years ago, announces it will cease operations in June 2022; BitchMedia.org will remain accessible as an archive — Bitch Media has been an independent-media presence like no other. Since 1996, we have provided nuanced, thoughtful …
Discussion:
@bitchmedia, The Wrap, @jeannakadlec, @blackamazon, @melissafebos, @jeannakadlec, @ibjiyongi, @drsamischalk, @reappropriate, @mrsexsmith, @rifewithkatie, @ms_creilly, @utahmads, @comedyunism, @geekgirldiva, @brynntannehill, @brosandprose, @lyzl, @jenshahade, @courtneyaj, @emilycontois, @andreavbecker, @idamoj, @awolfeful, @alishabhagat, @cassmannes, @vanessid, @forkedpgh, @lebassett, @ariyarwood, @hottestsingles, @erintothemax, @thethirstywench, @hellolanemoore, @jessicahalem, @wentrogue, @damemagazine, @caitlinwolper, @annamerlan, @ilanaslightly, @blairbraverman, @scarletteharris, @jeannakadlec, @sfdirewolf, @mary__retta, @kdc, @caitlinwolper, @demiciavalon, @ltbcomedy, @ericacxmpbell, @mbsycamore, @jennmorson, @scarletteharris, @arielboone, @theineffability, @freeblackgirl, @scarletteharris and @leahntorres
J. Clara Chan / The Hollywood Reporter:
Sources: Spotify's head of studios and video Courtney Holt will move to an “advisory role” in May; the company will divide his duties across multiple executives — The executive, who first joined the audio giant in 2017, will stay on as an adviser for a year.
Discussion:
The Ankler, Variety, The Ankler, @mootron, Deadline, @janicemin, @karaswisher, @theinsneider, Billboard and The Wrap
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.
J. Clara Chan / The Hollywood Reporter:
IAB: advertising revenue for podcasts, music, and radio streaming rose 58% YoY to $4.9B in 2021, growing more than for streaming video, social media, and search — An IAB report finds that digital audio — defined as podcasts and streaming for music and radio — had the largest year …
Discussion:
Financial Times, insideradio.com and Ad Age
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Sarah Perez / TechCrunch:
Spotify rebrands companion app Spotify Greenroom as Spotify Live and integrates its live audio capabilities in the main app minus the interactive features — As an earlier report had suggested, Spotify today announced it will integrate the live audio capabilities from its companion app …
Discussion:
Variety, ScreenRant, Spotify, Billboard, 9to5Mac, Engadget, Hollywood Reporter and The Verge, more at Techmeme »
Washington Post:
Die Welt hires Marina Ovsyannikova, the journalist who interrupted a news broadcast to protest the war in Ukraine, as a freelancer reporter — Russian TV journalist Marina Ovsyannikova has been hired by the German media company Die Welt, a month after she drew worldwide attention for bursting onto …
Discussion:
@coldplague, @bywillpollock, Faridaily, Axel Springer SE, NPR and Radio Free Europe/Radio …
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 …
Charlotte Rawlings / CampaignUK:
Time Out will end its London print edition after 54 years in June, to focus on its digital channels and Time Out Market, its events and restaurant arm — Publisher will focus on digital, social and Time Out Market. — Time Out Group has announced it will be stopping publication …
Sara Fischer / Axios:
NPR CEO says 53% of NPR's leadership team are people of color, up from 9% in 2019; 78% of new hires for the 2021 fiscal year were POC, up from 51% in 2020 — More than half of NPR's leadership team (53%) is comprised of non-white executives, up from 9% in 2019, NPR CEO John Lansing tells Axios.
Discussion:
@treyward3, @pmarca, @repjeffduncan and @jimhansondc
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