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7:05 AM ET, April 20, 2022

Mediagazer

 Top News: 
Emily McCormick / Yahoo Finance:
Netflix reports losing 200K net subscribers in Q1, vs. an estimated 2.5M net additions, and $7.87B revenue, vs. $7.95B est.; Netflix stock drops 25%+  —  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.
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Alex Weprin / Hollywood Reporter:
Reed Hastings says Netflix plans to offer cheaper, ad-supported plans and 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.
Peter Vercoe / Bloomberg:
Netflix added 1.09M subscribers in Asia Pacific, the lone bright spot, helped by the success of the South Korean series Squid Game, its biggest launch
Discussion: New York Magazine
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
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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.
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
Discussion: @ndrew_lawrence, @libsoftiktok, @mattbinder, @alexstamos, @nycsouthpaw, @jdvance1, @oneunderscore__, @oneunderscore__, @mattbinder, @michaelehayden, @mattbinder, @robbysoave, @justinhendrix, @ndrew_lawrence, @alexthomp, @davidklion, @christinapushaw, @brandyzadrozny, Fox News, @taylorlorenz, @benjysarlin, @ggreenwald, @oneunderscore__, @rvawonk, Digital Threat Digest, @hezbolsonaro, @alexstamos, @alexstamos, @lackingsaint, @kriscoratti, @ggreenwald, Rolling Stone, @donmoyn, @steveschmidtses, @cd_hooks, @3r1ng, @conor64, @pbump, @lib_crusher, @mathewi, @bubbaprog, @the_moviebob, @ericowensdc, @taylorlorenz, @janeost_, @libsoftiktok, @mollyjongfast, @pwnallthethings, @rocco_castoro, @meredithshiner, @hasanthehun, @heminator, @oneunderscore__, @taylorlorenz, @kathryntewson, The AP (Alex Pareene) …, The Scroll, @scottnover, @beyerstein, @ggreenwald, @ndrew_lawrence, @eoinhiggins_, @andyswan, @junlper, @bigblackjacobin, @agoldmund, @kt_so_it_goes, @meredithshiner, @ggreenwald, @dklmarxist, @junlper, @_cingraham, @glennf, @oneunderscore__, @kept_simple, @turnip_tops, @benshapiro, Real News Revolt, @kimzetter, @steveschmidtses, @taylorlorenz, Carl Beijer, @thelincoln, Nothing but the Truth, @taylorlorenz, @becketadams, @eoinhiggins_, @ggreenwald, Mediaite, @ggreenwald, @mehdirhasan, @alexstamos, @beyerstein, @alexstamos, @heerjeet, @taylorlorenz, @nicdawes, @oneunderscore__, @beyerstein, @oneunderscore__, @beyerstein, @taylorlorenz, @taylorlorenz, Bulletin, @oneunderscore__, @oneunderscore__, @beyerstein, @maxwelltani, @ggreenwald, @_cingraham, @cjciaramella, @brianstelter, @andrewperezdc, thedailybeast.com, @steveschmidtses, @brianstelter, @eigenrobot, The Week, @donmoyn, @kept_simple, @pbump, @krisgoldsmith85, @sturgeons_law, The Federalist, @ozraeliavi, @willchamberlain, @amber_athey, @garbageape, @ggreenwald, Seth Tower Hurd's The Five, New York Post, @arthur_affect, @christinapushaw, @libsoftiktok, The Rewired Soul and Boing Boing
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 …
Sara Fischer / Axios:
Rolling Stone CEO Gus Wenner says 2021 was the company's most profitable year in two decades, due to a renewed investment in live events and a focus on creators  —  Rolling Stone will debut its inaugural “Creators” issue Tuesday, featuring the first in-depth profile of YouTube star MrBeast.
LSM:
Q&A with the chief editor of Novaya Gazeta Europe, launched as a parallel operation to Russia's Novaya Gazeta, which suspended work due to Russian censorship  —  One of the last independent publishers which suspended its activities in Russia was the influential newspaper Novaya Gazeta.
Discussion: The Atlantic
Matt Tamanini / The Streamable:
TiVo study finds 28% of US viewers resubscribed to pay TV after cutting the cord; 29% say it is because it is the best way to watch sports and major live events  —  Cutting the cord can be complicated.  That's why we here at The Streamable try to make it as simple as possible for you.
Discussion: @sherman4949
 
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 More News: 
Catherine Shu / TechCrunch:
Indonesia-based Noice, an audio content startup focused on podcasts, radio, audiobooks, and live audio, raises a $22M Series A led by Northstar
more at Techmeme »
Adam B. Vary / Variety:
Entertainment Weekly Editor in Chief Mary Margaret is leaving and will be replaced by Executive Editor Patrick Gomez, who will take the title of general manager
Discussion: The Wrap
Joshua Topolsky / @joshuatopolsky:
[Thread] Joshua Topolsky, The Outline's founder and BDG's chief content officer for culture and innovation, leaves to start the “I've Seen the Future” podcast
Joshua Benton / Nieman Lab:
Spotify says it may restrict and limit the reach of content that touches on sensitive topics but does not cross the threshold of removal in its Platform Rules
 Earlier Picks: 
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
Daniel Wiessner / Reuters:
Paramount agrees to pay $14.75M to CBS shareholders in a lawsuit claiming CBS misled investors by not disclosing sexual misconduct allegations against Moonves
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
Discussion: Digiday and MediaPost
 

 
From Techmeme:

Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 12%+ after hours

Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; MSFT jumps 4%+ after hours

Ben Glickman / Wall Street Journal:
The US awards Micron up to $6.1B under the CHIPS Act, to back an up to $125B investment to build a megafab in New York and a fab in Idaho over the next 20 years
 
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