Top News:
Alex Sherman / CNBC:
Sources: rival strategies for CNN+, combined with unexpected events like Jeff Zucker's resignation and the Discovery merger, fueled the service's rapid demise — Chris Licht wasn't supposed to start his new job as CNN's chief until May. — But on Thursday he found himself addressing …
Discussion:
New York Times, @sherman4949, @vivian, @pilhofer, @sherman4949, @cnbci, Mediaite, Nieman Lab and Protocol
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Sara Fischer / Axios:
Source: ~350 of CNN+'s 700 staff will be laid off with pay and benefits for the next 90 days; much of the CNN+ programming will be reallocated to other services — The shuttering of CNN+ three weeks after the subscription service launched will be remembered as one of the most chaotic moments of CNN's 40-year history.
Discussion:
@brianstelter, The Hill, @reporterporter, @ggreenwald, @kromandavid, @emilyroseman1, @buffalogal, @nytimes, @benmullin, @jonlemire, @_richardhall, @dcnorg, @benmullin, @thrasherxy, @gtcost, @teflongeek, @jennifersey, Hollywood Reporter, @sarafischer, @profgalloway, @hector_drummond, @axios, @saksappeal, @sarafischer, @qwongsj, @sarafischer, @beverlyhallberg, @sarafischer, @sarafischer, @bgrueskin, The Week and Ars Technica
Katie Glueck / New York Times:
Florida Governor Ron DeSantis signs a bill revoking Disney's special tax status, effective as of June 2023, after a clash over the state's “Don't Say Gay” law — Gov. Ron DeSantis's move to revoke the company's special tax status in Florida showed how combative his party …
Discussion:
The Atlantic, The Philadelphia Inquirer, Vox, Discursive notes …, @larryglickman, @davidafrench, @theatlantic, @joyannreid, @patyoung44b, @imillhiser, @zackford, @adriennelaf, @craigtimes, @prchovanec, The Wrap, Politico, @harrisonjaime, @dellcam, @katieglueck, @pekingmike, @freddiecampion, @djlavoie, @jaynordlinger, @greenhousenyt, @akilahobviously, De Civitate, Washington Post, Digging In with Debra …, The Verge and Associated Press
Javier Espinoza / Financial Times:
The EU finalizes the Digital Services Act, which will force social networks to toughen content moderation, reduce Google and Meta's ad targeting of minors, more — Companies such as Google and Facebook must moderate content more actively in regulatory clampdown
Discussion:
New York Times, The Verge, @ranaforcongress, @senblumenthal, @cateyezgreen_, Outside the Beltway, @commondreams, @neilwalsh_un, @stengel, @prestonjbyrne, Politico, @davekeating, @mr_james_c, @chassnews, @henryjfoy, @livingstone_s, Protocol, CNBC, @patrickgaspard, @b_fung, @richlightshed, @donie, @sascha_p, @daveleeft, @techwontsaveus, @katieharbath, @mr_james_c, @peterpham, @davidakaye, Washington Post, European Parliament, Wall Street Journal and Associated Press, more at Techmeme »
Kif Leswing / CNBC:
As of Friday's close, Netflix had a $99.2B market cap, down from $300B+ in November 2021; Meta had a $532.6B market cap after passing $1T in June 2021 — - The tech market has plunged since its peak in November, and Netflix and Facebook have been hit particularly hard.
Discussion:
@gonzalosykora
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Protocol:
Netflix lost 700K subscribers by suspending its service in Russia, where it was available for six years; ad-supported plans could help Netflix catch up abroad
Joe Flint / Wall Street Journal:
Sources: after churning out 500+ original programs in 2021, Netflix is looking to rein in costs and add fewer new titles with a greater emphasis on quality
Discussion:
Bloomberg, @davidpoland, @thecatsenate, MNTN, @chastaylor, Variety, 9to5Google, IndieWire, @film_girl, @film_girl, @scottfeinberg, @jp_biz, @ryanmcdevitt, @variety, @jimpethokoukis, SlashFilm, The Entertainment Strategy Guy, Breitbart, @nina_metz, @brettthousand, @ayeshaasiddiqi, @phil_lewis_, Netflix & Chiffres, The Week, Puck and The A.V. Club
Joy Press / Vanity Fair:
Streamers are acting like TV networks, pulling back on edgy content and seeking “elevated broadcasts”, like sitcoms, under financial pressure and competition — Desperate for subscriber eyeballs, streamers are pulling back on edgy content—and acting more like the networks they trounced in the revolution.
Discussion:
@dsrbroadway, @carina_bn, @vanityfair, @alanwhi72135615, @vanityfair, @vanityfair, @aolinha and @joypress
Leon Gettler / The Conversation:
Investigation: in the past two years, regional Australia saw 100+ out of 435 newspapers cease printing, comprising 68% of the country's 182 news “contractions” — Australia's regional news outlets are dying a not-so-slow death, and COVID-19 has accelerated their decline.
Discussion:
@conversationedu and Parliament of the Commonwealth of Australia
Rick Edmonds / Poynter:
Some Houston journalists question the American Journalism Project's $20M commitment to create a new nonprofit news outlet, since Houston is not a news desert — It's part of a thriving nonprofit journalism movement. But reaction from within Houston's existing media ecosystem ranges from skeptical to icy.
Discussion:
@ckrewson and @cltomlinson
Sarah Scire / Nieman Lab:
Journalism organizations, nonprofits, and unions ask the Pulitzer Prizes to require newsrooms to participate in a diversity survey for award eligibility by 2024 — An open letter calls on the industry's highest honors to include a new participation clause.
Discussion:
@sisiwei, @lshontz, @gannett, @thepressforward, @katherinelewis, @zseward, OpenNews, @nahj, @_collettewatson, @diannananez, @meredithdclark, @defineamerican, @newsguild, @stefaniemurray, @tmmcmillan, @felicarrique, @sisiwei, @lakeidrachavis, @femmefeministe, @dlind, @gaufre, The NewsGuild, @sarahscire, @dataeditor, @melissabell, @shirinj, @mitrakalita, @kat__stafford, @erinoverbey, @emmacarew, @laurahazardowen, @nhannahjones, @cristymsilva and Asian American Journalists …
David Zurawik / CNN:
Editors and producers detail the challenges in covering news from Ukraine's Mariupol, including few legacy correspondents on the ground and unverified videos — (CNN Business)After weeks of on-scene, live coverage of the war in Ukraine by some of the world's best journalists …
Naomi Nix / Washington Post:
Twitter bans ads that promote climate change denial and contradict “scientific consensus” — Twitter says ads can't contradict “scientific consensus” on the environmental crisis — Twitter is banning advertisements that promote climate change denial in an effort to curb …
Discussion:
The Wrap, The Guardian, Associated Press, @maxboot, America First Report, @revkin, @wutrain, @barackobama, @fboversight, @ericschultz, The Verge and Twitter, more at Techmeme »
Paul Farhi / Washington Post:
Russia charges Washington Post opinions contributor and dissident writer Vladimir Kara-Murza for allegedly spreading “false” info about Russia's army — The dissident writer, who called Putin's government “a regime of murderers,” faces prison under a Russian law that attempts to control speech
Discussion:
@unlockdemocracy, @maddow, @sarahrainsford, @sarahrainsford, @sarahrainsford, @effiedog, @oliverdarcy, @senronjohnson, @r_hooglandd66, @repcohen, @dougklain, @yashar, @yashar, The i Paper, France 24, Forbes, Amnesty International USA, Congressman Steve Cohen, The Moscow Times, Reuters, Axios, Washington Post, Associated Press and New York Times
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