Top News:
Lauren Feiner / CNBC:
Twitter agrees to be acquired “by an entity wholly owned by Elon Musk” for $54.20 per share in cash; the ~$44B deal requires shareholder and regulatory approval — - Twitter's board accepted billionaire Elon Musk's offer to buy the social media company and take it private, the company confirmed.
Discussion:
@jeffbezos, @waltmossberg, PR Newswire, @pekingmike, New York Times, New York Times, @elonmusk, Wall Street Journal, @elonmusk, Axios, @dwuff, Northeastern, @btaylor, Unpopular Front, CNN, @oneunderscore__, @brookesingman, Wall Street Journal, The Guardian, @sarahfrier, @tedcruz, @gabehudson, @davidsacks, @kantrowitz, Media Matters for America, @rmac18, @jim_jordan, @paraga, @ggreenwald, @sarahjeong, @chrislhayes, NBC10 Philadelphia, @mims, @espiers, @joe_hill, @joannastern, @sarahfrier, @hblodget, @mollyjongfast, @davewiner, @sarahcpr, @benfenton, @byjacobward, @lizweil, Adweek, @evelyndouek, @emanuelmaiberg, @leratomannya, @mgsiegler, @sarafischer, @reuters, @thekenyeung, @artemr, @emilydreyfuss, @zubymusic, Los Angeles Times, @rmac18, @repjayapal, AppleInsider, @mathewi, @dylanreeve, @davidafrench, @ayocaesar, Media Play News, The Hollywood Reporter, @mat, @justinhendrix, @jarak, @mattrosoff, @russellholly, @ericjackson, @aprilaser, @benmekler, @kfury, @kantrowitz, @buzz, @bplewis, TechCrunch, @michaelsteele, @tomgara, @jamesrbuk, @taylorlorenz, @caseynewton, @tressiemcphd, @repjimbanks, @obrien, Memex 1.1, Fast Company, @alexkoppelman, @daveleeft, @anthony, @alexhanna, @repbonnie, @ericjackson, @mgsiegler, Making It All Click, @davidaxelrod, @mikeisaac, @loganbartlett, @film_girl, @danprimack, @kurtwagner8, @danprimack, @tomgara, @djrothkopf, @sriramk, PlausibleFoolishness's …, @alkapdc, @manan, @tomcoates, @dcurtis, @atrupar, @tcarmody, @ggreenwald, @robaeprice, @mathewi, @alexhern, @mikedrucker, @taylorlorenz, @wajahatali, Financial Times, The PhilaVerse and The Nibble Gang Newsletter, more at Techmeme »
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Brooke Singman / Fox News:
Trump says that, regardless of Elon Musk's Twitter purchase, “I am not going on Twitter, I am going to stay on Truth”, whose stock closed down 12.9% on Monday — Trump said a Musk Twitter takeover would be a positive development, but he will stay with his own platform
Discussion:
New York Times, Washington Post, Politico, CNBC, The Atlantic, USA Today, CNN, Insider, CBS News, Music Ally, The Hill, The Verge, Rounding the Earth Newsletter, Bloomberg, San Francisco Chronicle, Terms of Service …, MarketWatch, Quartz, Los Angeles Times, The Wrap, TechCrunch, Gizmodo, @maggienyt, @froomkin, Mediaite, The US Sun, Breitbart, Vox, Noahpinion, New York Post, CNET, Deadline, CNBC, Al Jazeera, Rolling Stone, @fredbenenson, Newser, @drewharwell, Media Matters for America, ScreenRant, Press Watch, @alexplitsas, @tcarmody, @palafo, The Verge, @frankluntz, @sykescharlie, @obrien, Variety, Defending Privacy and Reuters, more at Techmeme »
The Verge:
Elon Musk says he wants to improve Twitter by “making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans” — Elon Musk will buy Twitter for $45.5 billion — Twitter has accepted Elon Musk's offer to purchase the company for $45.5 billion …
Discussion:
@mattyglesias, Washington Post, BBC, The Atlantic, Insider, Protocol, Columbia Journalism Review, One Man & His Blog, Substack, The Dossier, @bridgetmarie, @business, @thebrianpark, @liquidhbox, @johniadarola, The Comeback, @lesliemac, New Jersey Online, Today in Tabs, Hmm That's Interesting and Common Dreams, more at Techmeme »
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, The Rebooting, @esotericcd, New York Post, What's New in Publishing, FTVLive, @margarita, @gabrielroth, @lindsaygoldwert, @mccarthyryanj, @jaspar, @dangillmor, @realityblurred, @vivian, @pilhofer, @brianbrackeen, @sherman4949, @bgrueskin, @ggreenwald, @niemanlab, @niemanlab, @cnbci, @_richardhall, @jonlemire, @thrasherxy, @kromandavid, @nytimes, @teflongeek and @benmullin
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Alex Sherman / CNBC:
Discovery reports Q1 revenue rose 13% YoY to $3.16B, net income available to Warner Bros. Discovery hit $456M, and Discovery+ gained 2M subscribers to reach 24M — - Warner Bros. Discovery reported a 13% revenue jump and consistent streaming subscriber growth for its fiscal first quarter Tuesday.
Discussion:
The Wrap, The Streamable, @sarafischer and @loudmouthjulia
Helen Davidson / The Guardian:
Hong Kong's Foreign Correspondents' Club scraps the Human Rights Press Awards days before its plan to announce the winners, citing national security law fears — Foreign Correspondent's Club's decision sparks outrage from journalists and resignations from press freedom committee
Discussion:
Reuters, @hkliberty_team, @suzannenossel, Financial Times, @danstrumpf and Financial Times
Charlotte Tobitt / Press Gazette:
Journalists from The Guardian, FT, and Daily Mirror were excluded from the UK Home Secretary's trip to Rwanda, where she signed a controversial immigration deal — Journalists from the Guardian, Financial Times and Mirror were allegedly blocked from joining Home Secretary Priti Patel's trip to Rwanda this month.
Tim Peterson / Digiday:
Roku partners with Analytic Partners, Ipsos, IRI, and Nielsen to provide more ad data for marketing mix modeling and help it better compete with traditional TV — To catalyze the shift of TV ad dollars to streaming will require not only proof of streaming's performance but evidence of what makes it perform.
Benjamin Mullin / New York Times:
Kevin Hart's media company HartBeat, which has deals with Peacock and Netflix, raises $100M from PE firm Abry Partners, sources say at a $650M valuation — The deal with Abry Partners is the latest example of private equity's pushing into Hollywood to cash in on the demand for streaming shows.
Discussion:
The Wrap, Variety, Deadline, @benmullin and The Hollywood Reporter
Lucas Shaw / Bloomberg:
Sources: Netflix staff morale is down amid its declining stock price, subscriber losses, and an engineering restructuring to create “junior” and “senior” levels — As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees.
Discussion:
@baekdal, @michellemanafy, @carnage4life, @techwontsaveus, @bigmeaninternet, @tcarmody, @lucas_shaw, @lucas_shaw, @gergelyorosz, CNBC and Protocol
Todd Spangler / Variety:
Toni Reid joins YouTube as VP of product management to oversee Shorts, Gaming, livestreaming, and community products, after 24 years at Amazon — Toni Reid, after 24 years at Amazon, is joining YouTube as VP of product management to lead the video platform's Emerging Experiences and Community team.
Discussion:
AdExchanger and Tubefilter
Robin Wigglesworth / Financial Times:
Analysis: Bloomberg Terminal had a 32.5% share of the financial data and analysis industry in 2021, with revenue up 5.2% to $11.6B; Refinitiv had a 19.7% share — MS-DOS for finance nerds refuses to die. — Like vampires, Freddy Krueger and goldbugs posting dual axis charts of US M2 overlaid …
Discussion:
@biancoresearch, @fletcherr, @jdmayger, @readdanwrite and @adamsinger
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