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 …
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@maxwelltani, New York Magazine, Nieman Lab, VICE, @katie_robertson, Medialyte, Talking Biz News, @finslippy, Poynter, WWD, New York Post, @annamerlan, @caleweissman, @moorehn, @mitrakalita, @mcwm, @pkafka, Quartz, @jason_koebler, @joshsternberg, @sherman4949, @anthony, @mcwm, @simonowens, @sorayamcdonald, @davidcho, @hunterw, @mccarthyryanj, @benmullin, @elaheizadi, @felixsalmon, @sherman4949, @fordm, @raju, @abnormalreturns, @karlbode, @jhoffman, @gentlemanstimes, @heyveronica, @parismartineau, @rafat, @ryanlcooper, @shakeelhashim and @benmullin
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
Discussion:
The Verge, AdExchanger, TechCrunch, Protocol, Risk Rituals, @tim, Ad Age, @kantrowitz, New York Post and Insider, more at Techmeme »
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 …
Discussion:
Variety, The Verge, PRWeek, @boo, @dougbrodman, @flytip, @joef, @jpmaheu, CNET, Al Jazeera, Daily Herald, PR Newswire and The Wrap, more at Techmeme »
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.
Discussion:
Wall Street Journal, Bloomberg, Facebook, Insider, @wsj, Washington Post, @danielnewmanuv, CNBC and Ad Age, more at Techmeme »
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.
Discussion:
Variety and Variety, more at Techmeme »
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
Sarah Scire / Nieman Lab:
In 2020, 302K Canadians filed for the 15% tax credit for digital news subscriptions and got a $36 average tax credit; publishers say it hasn't led to new subs — Data from the tax credit's first year is now available. The effect has been muted. — Two years into a consequential …
Discussion:
@hollyanndoan, @sarahscire and News Media Canada
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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