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3:10 PM ET, April 28, 2022

Mediagazer

 Top News: 
New York Times:
G/O Media acquires Quartz for an undisclosed price; Quartz CEO and co-founder Zach Seward will stay on at the company as Quartz's EIC and general manager  —  The deal is the latest in a wave of consolidation among digital publishers.  —  G/O Media, the owner of websites that once belonged …
Financial Times:
In an email, Twitter reassures advertisers it will remain a safe place for brands after Elon Musk's takeover, as advocacy groups predict more toxicity and abuse  —  Campaigners and car manufacturers among groups to express concern over Tesla chief's $44bn takeover
RELATED:
Lauren Feiner / CNBC:
Twitter reports Q1 revenue of $1.2B, up 16% YoY, vs. $1.23B est., net income of $513M, and 229M mDAUs; Twitter says it won't offer guidance pending Musk's deal  —  - Twitter reported earnings for the first quarter of 2022.  — It could be one of its last as a public company after its board agreed …
Natalia Antelava / Coda Story:
Dozens of local newsrooms in Ukraine say they face drops in revenue and audience on Facebook and Instagram, as Meta broadly applies its disinformation tools  —  Valerii Garmash, a 42-year-old Ukrainian coder and entrepreneur, remembers the devastation Russians left behind in Slovyansk …
Yahoo Finance:
Meta reports Q1 ad revenue of $27B vs. $27.5B est., and says it expects FY 2022 expenses between $87B and $92B, less than the previously announced $90B to $95B  —  Facebook parent company Meta (FB) reported its Q1 2022 earnings on Wednesday, meeting expectations on revenue but missing on earnings per share.
Joe Flint / Wall Street Journal:
ESPN anchor Sage Steele sues the network and parent Disney, alleging ESPN violated her free-speech rights by retaliating for her words on a Jay Cutler podcast  —  Lawsuit centers on Ms. Steele's comments about Covid-19, ex-President Obama in a podcast interview last year
Aisha Malik / TechCrunch:
Snap partners with Live Nation to launch AR experiences built into concerts and festivals, starting with the Electric Daisy Carnival in Las Vegas in May  —  Snap is partnering with Live Nation to enhance the experience of going to concerts and festivals via its AR technology.
Manish Singh / TechCrunch:
Amazon launches a movie rental service in India, available to Prime and non-Prime members, and unveils a slate of 41 original shows in Hindi, Tamil and Telugu  —  Amazon on Thursday unveiled a slate of over 40 original and co-produced shows and movies in Hindi, Tamil and Telugu languages …
Discussion: Variety and Hollywood Reporter
Megha Paul / Tech.eu:
German soccer media service OneFootball, which has 100M+ MAUs, raises a $300M Series D and says it plans to expand into blockchain-based experiences  —  The fundraise underpins the Berlin-based platform's commitment to real-world fans, taking millions of football supporters from Web2 to Web3
Natasha Lomas / TechCrunch:
Yandex signs a term sheet to sell News, its news aggregator, and Zen, its blogging/infotainment platform, to VKontakte  —  In further fallout from Russia's invasion of Ukraine, Yandex, the company that's sometimes referred to as the ‘Google of Russia’, has signed a term sheet to sell …
Discussion: Yandex Press Releases
Dade Hayes / Deadline:
Schitt's Creek will leave Netflix for Disney-run Hulu, with all six seasons available on Hulu beginning October 3  —  Hulu is taking rights to popular streaming title Schitt's Creek, with all six seasons of the comedy series shifting over from Netflix this fall.
 
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 More News: 
Georg Szalai / The Hollywood Reporter:
NBCU reports Q1 revenue of $10.3B, up 46.6% YoY, as EBITDA reached $1.6B; Peacock had $472M revenue, a $456M loss, added 4M paid subscribers for 13M total
Kim Masters / Hollywood Reporter:
What went wrong at Netflix: sources say VP of content Cindy Holland's departure in 2020 let chief content officer Ted Sarandos prioritize quantity over quality
 Earlier Picks: 
Washington Post:
The WHCA turned down an offer to install ultraviolet devices to fight coronavirus transmission at its dinner on April 30, for which it has sold 2,600 tickets
Ashley Carman / Bloomberg:
Spotify Q1: revenue rose 24% YoY to €2.66B, including €282M from ads, up 31% YoY; paid subs rose 15% YoY to 182M, despite losing 1.5M in Russia; stock down 12%+
Los Angeles Times:
After criticism, Los Angeles County's sheriff says his department is not pursuing a criminal leak probe into LA Times journalist Alene Tchekmedyian
 

 
From Techmeme:

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

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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