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1:50 PM ET, April 27, 2022

Mediagazer

 Top News: 
Ashley Carman / Bloomberg:
Spotify reports Q1 revenue rose 24% YoY to €2.66B, including €282M from ads, up 31% YoY; paid subscribers rose 15% YoY to 182M, despite losing 1.5M in Russia  —  Spotify Technology SA sank as a flat margin outlook failed to energize investors who have stuck with the stock through …
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  —  Los Angeles County Sheriff Alex Villanueva said Tuesday that his department was targeting a Times journalist in a criminal leak investigation …
Dell Cameron / Gizmodo:
Twitter confirms it quietly “limit[ed] the visibility” of promotional tweets via its ad platform about HBO documentary Q: Into the Storm in 2021  —  Twitter told the director of “Q: Into the Storm” it had “made the decision not to allow promotion of this documentary” when he tried to advertise the film.
Mark Bergen / Bloomberg:
YouTube starts testing ads on Shorts, including app-install ads and other promotions; Google says that Shorts now has 30B daily views  —  YouTube is testing advertisements on Shorts, its short-form video feature that competes with TikTok and Instagram, Google's chief business officer told investors on Tuesday.
RELATED:
Georg Szalai / The Hollywood Reporter:
Comcast and Charter launch a joint venture to develop a nationwide streaming platform that will use Comcast's Flex streaming tech and feature Xumo content  —  Comcast will license Flex, its aggregated streaming platform and hardware, and contribute streamer Xumo to the joint venture …
Marie Woolf / Canadian Press:
Rachel Curran, a Meta Canada policy manager, tells a parliamentary panel the company has “serious concerns” about an online news bill modeled on Australia's law  —  OTTAWA - Digital giant Meta says it has “serious concerns” about the federal government's online news bill …
Mike Masnick / Techdirt:
Twitter has aggressively defended users' privacy and free speech rights, pushing back on unmasking subpoenas; it's unclear if this will continue under Musk  —  For all the talk of how Elon Musk wanted to buy Twitter to make it more supportive of free speech, there remain a ton of questions about what it will actually mean in practice.
RELATED:
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
RELATED:
Robert Tait / The Guardian:   Survey of 4,069 people in eastern EU countries: 52% are concerned about media freedom and 59% support granting the EU more powers to protect media liberties
Megan Graham / Wall Street Journal:
Real-time TV ad measurement service iSpot.tv raises $325M from Goldman Sachs and says it had $75M in revenue in 2021, up from $51M in 2020  —  The firm helps marketers track whether their ads spurred a visit to their website or a purchase.  The new funding is the latest in a flurry of deals around TV ad metrics
Cecilia D'Anastasio / Bloomberg:
Sources: Twitch is considering cutting the revenue share for top creators in its partner program to 50%, from 70%, among other changes to boost its revenue  —  Twitch, the Amazon.com Inc.-owned live-streaming website, is weighing potential changes to how it pays top talent …
Sara Fischer / Axios:
The New York Times has doubled its Opinion staff to over 150 people since 2017, adding audio and graphics staff and beefing up copy-editing and fact-checking  —  The New York Times has doubled its Opinion staff to over 150 people since 2017, adding new departments for audio and graphics …
Amanda Darrach / Columbia Journalism Review:
Q&A with Dean Baquet and Joe Kahn as Kahn succeeds Baquet as The New York Times' executive editor, on growing subscriptions, objectivity and democracy, and more  —  · Dean Baquet & Joe Kahn: What's next for the New York Times?  —  Last week, after years of public speculation on the matter …
 
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 More News: 
Jennifer Maas / Variety:
GeekWire co-founder Jonathan Sposato launches JoySauce Network, an ad-supported, “American Asian”-focused multimedia platform
Manish Singh / TechCrunch:
Viacom 18, which runs several TV channels and streaming services in India, raises $1.78B led by Bodhi Tree, a partnership between James Murdoch and Uday Shankar
Discussion: Business Today
Alex Barker / Financial Times:
Nordic streaming service Viaplay buys exclusive rights for up to 800 soccer games ahead of a UK launch in 2022; Viaplay has 4.8M subscribers across Europe
Ingrid Lunden / TechCrunch:
Mavrck, which helps brands and media companies connect with influencers, raises $135M, after raising $120M in December 2021, and acquires Linkin.bio maker Later
 Earlier Picks: 
Tom Ambrose / The Guardian:
The Mail on Sunday editor rejects a meeting with the House of Commons speaker about a story saying Labour's Angela Rayner distracted Boris Johnson with her legs
Variety:
Sources: Warner Bros. Discovery cuts development of new TBS and TNT scripted shows; it's unclear what will happen to the current slate of scripted programming
Ivan Levingston / Bloomberg:
Berlin-based Informed, a news app in beta with a human-curated content feed and access to outlets like The New York Times and Foreign Policy, raises a €5M seed
Discussion: @lionelbarber
 

 
From Techmeme:

Mishaal Rahman / Android Authority:
Source: Google has canceled the development of a second-generation Pixel Tablet, planned for release in 2025, due to concerns that it wouldn't sell very well

Mark Gurman / Bloomberg:
Sources: Apple is testing a more conversational version of Siri, dubbed “LLM Siri”, with plans to release it in spring 2026 as part of iOS 19 and macOS 16

Hannah Lang / Reuters:
Sources: a16z, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which is expected to set up a bitcoin reserve

 
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