Top News:
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:
Hollywood Reporter, The Week, @sarafischer, @qwongsj, @axios, @saksappeal, @sarafischer, @sarafischer, @sarafischer, Ars Technica, @hector_drummond, @beverlyhallberg, Protocol, Daily Mail, Mediaite and MediaPost
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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
Discussion:
@brianstelter, CNN, Axios, @sarafischer, @thrasherxy, @trungtphan, Mediaite, @profgalloway, @wesleylowery, @mgsiegler, @wesleylowery, Poynter, Nieman Lab, @bgrueskin, Wall Street Journal, @clairevtran, The Verge, Washington Post, @sarafischer, Deadline, Axios, @benedictevans, Wired, The Federalist, Screen Time, Financial Times, Protocol, MediaPost, Who the Heck Is Jim Treacher?, CNN, The Wrap, @ryansholin, adambowie.com, @grynbaum, @grantwahl, @ewong, @genepark, @mattzeitlin, Newslit Daily, @bgrueskin, @jemelehill, @sarasidnercnn, @farhip, @kasie, @tedcruz, @variety, @thevivafrei, @melissamdaniels, @profgalloway, @sherman4949, @38godfrey, @reckless, @nedryun, @aaronjmate, @swin24, @nprkelly, @cwarzel, Fox News, @sulliview, @redditcfb, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @laurenpeikoff, @emptywheel, @clairevtran, @clairevtran, @thrasherxy, @thrasherxy, @thrasherxy, @thrasherxy, Deadline, @joannastern, @nickgillespie, @pnjaban, @chrisdjackson, @jasonrmcintyre, @repjimbanks, @cwarzel, @terryreithcbc, @cwarzel, @brianstelter, @maxwinebach, @wesleylowery, @erikapryan, Fox News, @oliverdarcy, @cwarzel, @jmsummers, @kerrymflynn, @ursulaperano, @dansinker, @peterhamby, @brianstelter, @profgalloway, @phil_lewis_, @sherman4949, @ashleyrcarman, @timfullerton, @suggswriter, @wflajosh, @parkerortolani, @gavinsblog, @semaforben, @jeffdlowe, New York Post, New York Magazine, SPY, Bloomberg, Newser, Hollywood Reporter, Abernathy Road, thedailybeast.com, franknews, New Jersey Online, Protocol, The Week, Light Reading, Gizmodo, Campaign Update, CNET, HuffPost, Media Nation, The Wrap, Awful Announcing, Forbes, IndieWire, Engadget, TVLine, iMore, Financial Times and Adweek, more at Techmeme »
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, The NewsGuild, OpenNews, @stefaniemurray, @sisiwei, @tmmcmillan, @nhannahjones, @dataeditor, @cristymsilva, @defineamerican, @erinoverbey, @newsguild, @mitrakalita, @lakeidrachavis, @femmefeministe, @gaufre, @laurahazardowen, @felicarrique, @emmacarew, @sarahscire, @dlind, @kat__stafford, @melissabell, @shirinj and Asian American Journalists …
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 Wrap, Insider, Variety, Politico, New York Post, Breitbart, Media Matters for America, @pekingmike, @freddiecampion, The Verge, Associated Press, The Week, Culturcidal, @greenhousenyt, Yassine Meskhout, @djlavoie, Bloomberg, Deadline, @jaynordlinger, The Guardian, CBS News and abc7NY
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.
Discussion:
Variety, @scottfeinberg, Winter is Coming, @jp_biz, Breitbart, SlashFilm, Gizmodo, @ryanmcdevitt, @variety, The Entertainment Strategy Guy, @jimpethokoukis, @nina_metz, @brettthousand, @ayeshaasiddiqi, @phil_lewis_, Netflix & Chiffres, The Week, Puck, The A.V. Club, The Playlist, TheStreet, The Information and ScreenRant, more at Techmeme »
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:
@wutrain, @barackobama, The Verge, Protocol, Engadget, Twitter, @fboversight and @ericschultz, more at Techmeme »
Protocol:
Netflix lost only 700K subscribers in Russia, where it had been available for six years; ad-supported plans may help with market penetration — Hello, and welcome to Protocol Entertainment, your guide to the business of the gaming and media industries. This Thursday, we're taking a closer look …
Rebecca Ratcliffe / The Guardian:
Singapore jails Terry Xu, the editor of now-closed news outlet The Online Citizen, 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’
Discussion:
Agence France-Presse
Jef Feeley / Bloomberg:
BuzzFeed sues to block arbitration claims from employees who say the company improperly denied them a chance to sell their shares following its IPO — BuzzFeed Inc. wants to block arbitration of claims that the company botched its initial-public offering and improperly denied employees …
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 …
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, more at Techmeme »
Wall Street Journal:
As the Kremlin pushes Russians to use homegrown social media like Rutube and VKontakte, some users and content creators stick with Western services — Kremlin cracks down on Western social media, but Russia's homemade alternatives are a tough sell — The Kremlin is waging a new influence campaign …
Discussion:
@saraheneedleman, @etbrooking and @evangershkovich
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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