Top News:
New York Times:
Warner Bros. Discovery will shut down CNN+ on April 30, after its March 29 debut; sources: CNN+ had ~150K subscribers and was on pace to hit first-year goals — The new corporate owners of CNN are moving to end the new streaming service just weeks after a splashy debut. — Give this article- - - Read in app
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Wall Street Journal:
Sources: Meta is reviewing whether COO Sheryl Sandberg pressured the Daily Mail in 2016 and 2019 into killing stories about her then-boyfriend Bobby Kotick — Social-media executive, who dated the Activision Blizzard CEO, was part of campaign to persuade the U.K. tabloid to shelve a potential article
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Brendan Brady / Antenna:
Netflix had 3.6M US subscribers cancel in Q1 2022, over 1M more than in Q1 2021 and Q4 2021; gross additions in the past six quarters ranged from 2.2M to 2.9M — Netflix Q1'22 results revealed a quarterly net subscriber loss ( link). Antenna unpacked some of the latest dynamics around …
Discussion:
MediaPost and @loudmouthjulia
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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
Netflix's Q1 earnings show that Disney, Paramount, and other companies that reorganized around streaming video must deal with consistent subscriber volatility
Discussion:
New York Times, @reckless, Deadline, @smulpuru, Vanity Fair, @paul__armstrong, CNBC, @reckless, @reckless, @timsweeneyepic, Variety, @blackamazon, @nina_metz, @alexweprin, @sherman4949, @aemccarthy, @digitalshields, @fmanjoo, Bloomberg and TechCrunch
Luke Winkie / Nieman Lab:
A look at the paranoia and cuts in BuzzFeed's newsroom after the company's SPAC deal and whether its market debut will serve as a warning to its digital peers — Many of the members of BuzzFeed's newsroom feel as if they were sold a bill of goods. — The digital media stalwart opened itself …
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@luke_winkie, @niemanlab, @schulzsam, @reedfrich, @markstenberg3, @biettetimmons and @alissamarie
Brooks Barnes / New York Times:
Florida's legislature votes to revoke Disney World's special tax district status, which it held for 55 years, after a clash over the state's “Don't Say Gay” law — Lawmakers in the state voted to revoke the company's special designation following a dispute with Gov. Ron DeSantis over a new education law.
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Rick Porter / Hollywood Reporter:
Nielsen: streaming platforms accounted for 30% of US viewers' TV usage in March, the highest since Nielsen started measuring TV use by platform; cable took 37% — Nielsen's platform rankings for March also show cable posting gains driven by news coverage of Ukraine.
Discussion:
nielsen.com and @nielsen
Jonathan Allen / Reuters:
Two Georgia election workers settle their defamation lawsuit with OANN over false claims they manipulated ballots, leaving Rudy Giuliani as the only defendant — Two Georgia election workers who were the target of vote-rigging conspiracy theories have reached a settlement agreement …
Maria Repnikova / The Atlantic:
As Putin's regime drops even the appearance of democracy in Russia, restrictions on press freedoms are unlikely to be rolled back when the war in Ukraine ends — While I was researching Russian investigative journalism a little over a decade ago, several of the people I interviewed used variations …
Discussion:
@kevinrothrock, @kennaninstitute, @mauracunningham and @prashantrao
Aisha Majid / Press Gazette:
Analysis: only eight of 50 leading local UK news sites drew 50%+ of their UK audience from their region; for 20, less than a third of their audience was local — As local print newspapers have declined and closed, traffic to local news websites across the UK has surged.
Discussion:
@brianwhelanhack, @jamesrbuk and @jamesrbuk
Jon Porter / The Verge:
Spotify now lets all creators in the US, the UK, Canada, Australia, and New Zealand upload video podcasts via Anchor, which Spotify acquired in February 2019 — After over a year of more limited tests — All creators in the US, UK, Canada, Australia, and New Zealand can now upload video podcasts …
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@glenngabe, Protocol, 9to5Mac, TechCrunch and Engadget, more at Techmeme »
Todd Spangler / Variety:
AT&T reports HBO Max and HBO gained 3M subscribers in Q1 globally for 76.8M in total; WarnerMedia made $8.7B in Q1 revenue, up 2.5% YoY, as ad revenue hit $1.7B — The now-divested WarnerMedia unit was again a drag on profitability because of continued investments in HBO Max and the launch of CNN+ …
Discussion:
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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 — Congratulations to Joseph Kahn on being named the next Executive Editor at the New York Times. This is among the handful of trickiest and most challenging jobs …
Discussion:
@byronyork, Poynter, @biblioracle, @harrispolitico, @dangillmor, @cliffordlevy, @jeffjarvis, @jamesfallows, @froomkin, @andrewfed, @andrewfed, @pkafka, @kimseverson, @shreeyasinha and New York Times