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8:25 PM ET, April 22, 2022

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 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.
RELATED:
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:
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 …
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.
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 …
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 …
Discussion: @jank0, @jank0, @jank0, @jank0, @jank0 and @jank0
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 …
Discussion: Variety, The Wrap and Deadline
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.
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.
 
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 More News: 
Claire Woodcock / VICE:
Ebook vendors like Hoopla are including titles with COVID-19 disinfo, Holocaust denial, and more; librarians want more transparency and accountability
David Barnett / The Guardian:
Report: UK publishers' total income hit a new high of ~$8.7B in 2021, up 5% from 2020; TikTok emerged as a driving force for new books and backlist purchases
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
 Earlier Picks: 
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
Marc Wojno / ZDNet:
Live Bash, which lets artists livestream their performances and convert the shows into digital collectibles and NFTs, raises a $21M seed from unnamed investors
Aisha Majid / Press Gazette:
Analysis: eight of the 50 leading local UK news sites drew 50%+ of their UK audience from nearby; for 20 sites, less than a third of their audience was local
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
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

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

Andrew J. Hawkins / The Verge:
The US NHTSA suggests easing rules allowing for fully driverless cars and urges companies operating driverless cars to share more data for greater transparency

 
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