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11:30 PM ET, April 20, 2022

Mediagazer

 Top News: 
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.
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Alex Weprin / Hollywood Reporter:
Netflix's Q1 earnings show that Disney, Paramount, and other companies that reorganized around streaming video must deal with consistent subscriber volatility  —  The entire entertainment industry is watching to see what happens as the streaming giant throws everything it has at the wall.
Peter Vercoe / Bloomberg:
Netflix added 1.09M subscribers in Asia Pacific, the lone bright spot in Q1, helped by the success of the South Korean series Squid Game, its biggest launch  —  South Korean dystopian hit ‘Squid Game’ has helped make Asia a lone bright spot for Netflix Inc., which added more than 1 million subscribers …
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
Michael M. Grynbaum / New York Times:
The New York Times Executive Editor Joe Kahn announces his leadership team; Marc Lacey and Carolyn Ryan will be managing editors starting on June 14  —  A pair of veteran Times journalists will serve in the newsroom's No. 2 position under the new executive editor, Joe Kahn.  — Give this article- - - Read in app
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James Fallows / Breaking the News:
The New York Times under Joe Kahn should re-create the role of the public editor and reexamine coverage of the 2016 election  —  A very short to-do list for the paper's new leadership.  —  Congratulations to Joseph Kahn on being named the next Executive Editor at the New York Times.
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
Makena Kelly / The Verge:
Six ex-staffers of Arsenal Media, co-founded by Benny Johnson to make GOP clients' content go viral, describe bullying, toxic HR practices, and late payroll  —  In the breathless world of conservative online politics, Arsenal Media is here to help you go viral.
Bloomberg:
Sources: Barack and Michelle Obama's production company Higher Ground doesn't plan to re-sign with Spotify, and is talking to Audible, iHeartMedia, and others  —  Barack and Michelle Obama's time with Spotify Technology SA is coming to an end.  —  The former first family's production company …
Alex Pareene / The AP (Alex Pareene) Newsletter:
The reporters explaining that Taylor Lorenz's door knocking is common journalistic practice fail to grasp that the new right is opposed to any newsgathering  —  On Tuesday, Washington Post reporter Taylor Lorenz published a story about a repulsive creep who uses her large online following to …
Shraddha Chakradhar / Nieman Lab:
A study of 130K articles published by 31 newspapers acquired by firms like Alden and Sinclair finds a significant decrease in local content post-acquisition  —  From Alden Global Capital to Sinclair Media, tales of corporate media takeovers of local news outlets — and their chilling effects — are everywhere.
Aisha Malik / TechCrunch:
Instagram plans to tweak its ranking algorithm to highlight original content more, recommending accounts that aggregate and reshare other users' content less  —  Instagram head Adam Mosseri announced today that the company is going to tweak its ranking algorithm to highlight original content more on its platform.
Catherine Shu / TechCrunch:
Jakarta-based Noice, which hosts and produces podcasts, radio, audiobooks, and more with 2M users, raises a $22M Series A led by Northstar  —  NOICE, an Indonesia audio content startup, has raised $22 million in Series A funding led by Northstar, with participation from returning investors Alpha JWC Go-Ventures and Kinesys.
 
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 More News: 
Gerry Smith / Bloomberg:
Many talk shows are struggling to adapt to streaming, as such shows depend on current events and streamers want programming that appeals to users globally
The Coast:
Overstory Media Group, which operates newsletter-based outlets in Canada, acquires The Coast, a free weekly newspaper in Halifax
 Earlier Picks: 
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
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
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Paresh Dave / Wired:
Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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