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
Discussion:
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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; CNN+ programming will be reallocated to other streaming 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:
@hector_drummond, @sarafischer, @axios, @saksappeal, @sarafischer, Protocol, @beverlyhallberg, Daily Mail and MediaPost
Todd Spangler / Variety:
AT&T reports HBO Max and HBO gained 3M subscribers to end Q1 with 76.8M globally; WarnerMedia revenue rose 2.5% YoY to $8.7B and ad revenue fell 3% YoY to $1.7B
Discussion:
MediaPost, Engadget, The Hollywood Reporter, @sherman4949, Deadline, The Streamable, Forbes, TechCrunch, Next TV, Financial Times, WORLD SCREEN, iMore, The Wrap, Wall Street Journal, Reuters and Adweek
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 — Streaming service spent lavishly on productions to win subscribers, but now growth has slowed — Your browser does not support the audio tag.
Sarah Scire / Nieman Lab:
Journalism organizations, nonprofits, and unions ask the Pulitzers to require participation in a newsroom diversity survey to be eligible for the awards by 2024 — An open letter calls on the industry's highest honors to include a new participation clause.
Rebecca Ratcliffe / The Guardian:
Terry Xu, editor of a now-closed Singaporean news outlet has been jailed for three weeks for defamation over a letter alleging government corruption — Terry Xu was convicted last year after publishing a letter alleging ‘corruption at the highest echelons’
Luke Winkie / Nieman Lab:
A look at the paranoia in BuzzFeed's newsroom after cuts and the company's SPAC deal, as its media peers weigh going public and the potential effects on staff — Many of the members of BuzzFeed's newsroom feel as if they were sold a bill of goods. — The digital media stalwart opened itself …
Discussion:
Columbia Journalism Review, @sewellchan, @luke_winkie, @biettetimmons, @markstenberg3, @schulzsam, @reedfrich, @alissamarie and @niemanlab
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:
New York Times, @taliaringer, @smulpuru, MediaPost and @aemccarthy
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
Discussion:
HuffPost, Fast Company, @benfritz, @gerberkawasaki, SuperJoost Playlist, @emilyglazer, @markdistef, @bostonjoan, @can, Transistori, The Guardian, The Jacob Wolf Report, @juddlegum, @jason_kint, @kenklippenstein, CNET, @adashtra, @adashtra, @rmac18, @ericgeller, @heminator, @matthewstoller, @dancow, @kantrowitz, @zackwhittaker, @nicktheandersen, Newser, @amil, @nickstatt, @maximcolch, @jbflint, New York Magazine, Gizmodo, TheStreet, Bloomberg, New York Post, TechCrunch, Engadget, The Verge, Insider and Protocol, more at Techmeme »
Georg Szalai / The Hollywood Reporter:
NBCU CEO Jeff Shell's 2021 compensation reached $21.6M, up 31% YoY, while Comcast CEO Brian Roberts' hit $34M, up 4% YoY — In the last year, the conglomerate's stock declined 2 percent while its revenue rose 12.4 percent to $116.4 billion. … NBCU owner and pay TV …
Claire Woodcock / VICE:
Ebook vendors like Hoopla are including titles with COVID-19 disinfo, Holocaust denial, and more; librarians want more transparency and accountability — Librarians say Holocaust deniers, antivaxxers, and other conspiracy theorists are being featured in the catalogs of a popular ebook lending service.
Discussion:
@knowledge21org, @techwontsaveus, @motherboard, @janusrose, @flexlibris and The Verge
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 …
Maliha Shoaib / Vogue Business:
Condé Nast closes Vogue Russia and ceases publishing in the country due to the war in Ukraine and related censorship laws, after suspending operations in March — Condé Nast is closing Vogue Russia and ceasing publishing due to the ongoing war in Ukraine and related censorship laws, CEO Roger Lynch said today.
Discussion:
The Indian Express and @voguebusiness
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