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 …
Discussion:
@maxwelltani, VICE, Nieman Lab, @katie_robertson, Medialyte, Talking Biz News, WWD, Poynter, New York Post, @jason_koebler, @mcwm, @sorayamcdonald, @mccarthyryanj, @fordm, @jhoffman, @heyveronica, @ryanlcooper, @gentlemanstimes, @rafat, @caleweissman, @moorehn, @mitrakalita, @mcwm, @pkafka, Quartz, @joshsternberg, @sherman4949, @anthony, @simonowens, @davidcho, @hunterw, @benmullin, @elaheizadi, @felixsalmon, @sherman4949, @annamerlan, @raju, @abnormalreturns, @karlbode, @parismartineau, @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, Ad Age, Protocol, @tim, @kantrowitz, New York Post, Insider and @biannagolodryga, 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, PRWeek, The Verge, CNET, @boo, @joef, @jpmaheu, Al Jazeera, Daily Herald and PR Newswire, more at Techmeme »
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 »
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.
Discussion:
Variety, The Wrap, Forbes, The Streamable and IndieWire
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
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
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 — Comcast reports first-quarter results for its entertainment arm, cable systems and European pay TV giant Sky.
Discussion:
The Wrap, Variety, MediaPost, Deadline, Adweek, The Streamable, The Wrap, @sherman4949, Bloomberg and @richlightshed
Georg Szalai / Hollywood Reporter:
SiriusXM reports Q1 revenue of $2.19B, up 6% YoY, and net income of $309M; ad revenue, including from podcasts, grew 8% YoY to $336M — The audio giant, led by CEO Jennifer Witz, reports its latest results. — Audio entertainment giant SiriusXM, the home of Howard Stern …
Discussion:
Reuters and Sirius XM Holdings Inc.
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