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7:25 PM ET, April 19, 2022

Mediagazer

 Top News: 
Emily McCormick / Yahoo Finance:
Netflix reports losing 200K subscribers in Q1, vs. 2.5M net additions est., and revenue of $7.87B, vs. $7.95B est.; the stock is down 25%+ after hours  —  Netflix (NFLX) reported an unexpected decline in first-quarter net subscribers as the company navigated an exit from Russia and an increasingly saturated North American market.
RELATED:
Alex Weprin / Hollywood Reporter:
Reed Hastings says Netflix plans to offer cheaper, ad-supported plans and said Netflix will examine what those plans will look like “over the next year or two”  —  Co-CEO Reed Hastings revealed the move on an earnings call after the streaming giant disclosed it lost 200,000 subscribers during its most recent quarter.
Todd Spangler / Variety:
Netflix estimates that its users are sharing passwords with 100M+ non-paying households globally, including 30M+ in the US and Canada, in violation of its rules  —  There's a whole lot of password-sharing going on across Netflix's customer base — and the streaming giant is eager to get money from the freeloading masses.
New York Times:
The New York Times Managing Editor Joe Kahn will succeed Dean Baquet as executive editor, starting in June; Baquet “will remain to lead an exciting new venture”  —  Mr. Kahn, 57, will take over a newsroom undergoing enormous change.  — Give this article- - - Read in app
RELATED:
Michael M. Grynbaum / New York Times:
A profile of Joe Kahn, whose focus on China shaped his career, during which he won two Pulitzers and helped turn The New York Times into a 24-hour operation  —  Joe Kahn, the next executive editor of The New York Times, has had a steady rise in journalism.  It began with a decision to turn his focus to China.
Sara Fischer / Axios:
Sources: Warner Bros. Discovery suspended external CNN+ marketing and laid off CNN CFO Brad Ferrer, replaced by Discovery's CFO for streaming and international  —  Warner Bros. Discovery has suspended all external marketing spend for CNN+ and has laid off CNN's longtime chief financial officer …
Taylor Lorenz / Washington Post:
A look at the woman behind Libs of TikTok, a Twitter account that reposts videos along with incendiary framing and is shaping LGBTQ+ right-wing media coverage  —  A popular Twitter account has morphed into a social media phenomenon, spreading anti-LGBTQ+ sentiment and shaping public discourse
Bloomberg:
Sources: Amazon, Disney, Reliance, Sony, Zee, and Dream11 are vying for the broadcast rights to the cricket Indian Premier League, expected to be worth $5B+  —  Amazon.com Inc., The Walt Disney Co. and billionaire Mukesh Ambani-led Reliance Industries Ltd. are among those that have signaled …
Discussion: @venkatananth
Hanaa' Tameez / Nieman Lab:
A look at Redacción Regional, a collaborative of four Central American newsrooms covering the rise of authoritarianism, corruption, and militarism in the region  —  In El Salvador, President Nayib Bukele hijacked the political party, Nuevas Ideas, which was formed by members of the Salvadoran diaspora to help him get elected.
Discussion: @niemanlab and @hanaatameez
LSM:
Q&A with the editor of Novaya Gazeta Europe, based partially in Latvia, as the Russian newspaper launches a European edition to dodge Russian censorship  —  One of the last independent publishers which suspended its activities in Russia was the influential newspaper Novaya Gazeta.
Discussion: @lsm_eng
 
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 More News: 
Joshua Topolsky / @joshuatopolsky:
[Thread] Joshua Topolsky, The Outline's founder and BDG's chief content officer for culture and innovation, says he is leaving BDG and working on a new podcast
Joshua Benton / Nieman Lab:
Spotify says it may restrict and limit the reach of content that comes close to the line under its Platform Rules but doesn't meet the threshold of removal
Nancy Tartaglione / Deadline:
Netflix partners with the Arab Fund for Arts and Culture to provide a one-time, $250,000 grant to support five Arab female film producers and directors
 Earlier Picks: 
Zack Whittaker / TechCrunch:
A US appeals court reaffirms that scraping publicly accessible content on the internet is legal, ending a landmark case LinkedIn brought against rival Hiq Labs
Michael Grothaus / Fast Company:
Netflix debuts the Exploding Kittens animated comedy series and a game for Android and iOS, launching a series and a game across a single IP for the first time
Nick Kostov / Wall Street Journal:
French music streaming service Deezer plans to go public via a SPAC merger at a €1.05B valuation and says it has 9.6M subscribers and had €400M in 2021 revenue
Emma Roth / The Verge:
Report: Microsoft is working on a program to let select brands advertise within free-to-play Xbox games, such as on a billboard, and won't take a revenue cut
Bloomberg:
Filings: three Alex Jones companies, including Infowars, filed for bankruptcy protection in Texas on Sunday, after they were found liable in Sandy Hook lawsuits
 

 
From Techmeme:

Mishaal Rahman / Android Authority:
Source: Google has canceled the development of a second-generation Pixel Tablet, planned for release in 2025, due to concerns that it wouldn't sell very well

Mark Gurman / Bloomberg:
Sources: Apple is testing a more conversational version of Siri, dubbed “LLM Siri”, with plans to release it in spring 2026 as part of iOS 19 and macOS 16

Hannah Lang / Reuters:
Sources: a16z, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which is expected to set up a bitcoin reserve

 
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