Top News:
Katie Robertson / New York Times:
NYT Q1: added 387,000 net digital subscribers, for a total of 9.1M subs; revenue grew 13.6% to $537.4M, profit decreased to $60.9M due to The Athletic's losses — The purchase of The Athletic helped the company get closer to its new subscriber goal, but the sports site lost $6.8 million over two months, eating into overall profits.
Discussion:
The New York Times Company, @brianstelter, @samhaselby, @wrdcsc, @mattyglesias, @nytimes and @katie_robertson
Kevin Breuninger / CNBC:
Supreme Court Chief Justice Roberts confirms the authenticity of the leaked draft Politico published and orders an investigation into the source of the leak — - Supreme Court Chief Justice John Roberts confirmed the authenticity of a leaked draft opinion from the court …
Discussion:
Politico, @johnkruzel, New York Times, Politico, New York Times, Wired, Washington Post, ABC News, The Racket News, @roncoleman, @wiredscience, @davidgura, @freedomofpress, @karaswisher, The 74, @elaheizadi, @pbump, @benmullin, @froomkin, @curtisut, @arawnsley, @pwnallthethings, @erikwemple, Breitbart, @markberman, Mediaite, The Week, Associated Press, Insider, New Jersey Online, Bloomberg, Wall Street Journal, New York Post, Axios, The Daily Beast and NPR
RELATED:
Tom Jones / Poynter:
Publishing a draft SCOTUS opinion on Roe v. Wade is unprecedented in the court's modern history; Politico's EIC: it is “plainly news of great public interest” — A draft Supreme Court opinion has never been disclosed publicly. Media observers were quick to question whether Politico should have run with it.
Discussion:
@scotusblog, New York Times, @jonathanwpeters, The AP (Alex Pareene) …, Politico, @politico, @oliverdarcy, @juliamoserrrr, @jodikantor, Washington Post, @benmullin, @orinkerr, @nickmartin, @cbsmornings, New York Times, @megynkelly, @razhael, @katie_robertson, @benshapiro, @sulliview, @edokeefe, @neal_katyal, mailchi.mp, @markos, @pnjaban, @abbydphillip, @orinkerr, @mjs_dc, @mjs_dc, @nachristakis, New York Times, @jbenton, @jkosseff, @eorden, @soledadobrien, @brianmfloyd, @juliaioffe, @elienyc, @jamilsmith, @nkulw, @cbhessick, @samsanders, @scotusblog, @tarapalmeri, @kevincollier, @davidgura, @genepark, @zengerle, @lukejones03, @fmanjoo, @brianstelter, @steve_vladeck, @chadstanton, @nycsouthpaw, @reuters, @oliverdarcy, @arabellesicardi, @taniel, @ishapiro, @scotusblog, @neal_katyal, @oliverdarcy, @taylorlorenz, American Press Institute, CNN, @scotusblog, Columbia Journalism Review, Reuters and HuffPost
Jack Shafer / Politico:
Politico's scoop based on a leaked Supreme Court draft opinion serves the US public by showing the court's decision-making process and its plans for Roe v. Wade — Last night at 8:32 p.m., POLITICO reporters Josh Gerstein and Alexander Ward punctured the court's reputation as a leak-proof vessel …
Reporters Without Borders:
Reporters Without Borders publishes the 2022 edition of the World Press Freedom Index; the press freedom situation is “very bad” in a record 28 countries — Organisation: — RSF_en — The 20th World Press Freedom Index published by Reporters Without Borders (RSF) …
Discussion:
@rsf_inter, The Economist, Global Investigative …, VoxEurop, The Economist, The Guardian, @myhlee, @alfonslopeztena, @myhlee, @norwayun, @amlwhere, @poynter, @kate_mayberry, @theeconomist, Politico, @rasmus_kleis, @iamcouncil, Voice of America, UPI, @gitagovinda, @ranaayyub, @benedictrogers, Journalism.co.uk, Common Dreams, YouTube, Radio Free Europe/Radio …, Press Gazette and Poynter
Oliver Darcy / CNN:
Journalists from multiple news outlets, including CNN, ABC News, NBC News, CBS News, and Politico, test positive for COVID-19 after the WHCD weekend — New York (CNN Business)A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here.
Discussion:
@natesilver538, Politico, @byronyork, @sunlorrie, @oliverdarcy, @wajahatali, Reason, @drchristinemann, @tmprowell, @wilkowmajority, @drericding, Boing Boing, @danaparish, Deadline, @stevenportnoy, @medriva, New York Post, Fox News, @w7voa, @cfidd, @robbinsimmons7, @jeremymbarr, @drericding, @farhip, @jreinermd, Mediaite, Page Six and @projectn95
Andrew Kersley / Press Gazette:
A 30-strong team backed by ITV and comprised of ex-Ladbible, Vice, and Channel 4 staff launches culture and lifestyle brand Woo to harness the “power of memes” — The news industry has failed to appreciate the “power of memes”, according to a new ITV-backed wellness media brand …
Discussion:
Press Centre
Brian Steinberg / Variety:
Paramount reports Q1 revenue down 1% YoY to $7.3B, net earnings down 52% to $433M, streaming revenue up 82% to $1.1B, and theatrical revenue down 27% to $624M — Paramount Global said first-quarter profit fell as the company's investments in content and declines in its traditional business offset gains it made in streaming.
Discussion:
MediaPost, Radio & Television … and CNBC
RELATED:
Wall Street Journal:
Sources: Roku and private equity firm Apollo Global Management teamed up to bid for a stake as large as 20% in Lionsgate's pay TV and streaming service Starz — Lions Gate Entertainment said in November it would explore a sale or spin-off of Starz, the network behind ‘Outlander’ and ‘Power’
Discussion:
Axios, Variety, The Wakeup, @pkafka, @edmundlee, @dcherring, @pkafka, Next TV, MediaPost, Media Play News, Deadline and Hollywood Reporter
Axios:
Lee Enterprises quietly laid off ~61 employees across 10 newsrooms since its March 10 shareholders meeting; source: 400+ roles are expected to be cut in 2022 — Lee Enterprises has been quietly laying off dozens of employees across its local papers and at the corporate level as it continues …
Caitlin Huston / The Hollywood Reporter:
Cumulus Media rejects an offer to acquire the company for $15 to $17 a share, or around $1.2B; a consortium led by Jeff Warshaw reportedly made the offer — Connoisseur Media CEO Jeff Warshaw was reported to have put in the offer for $15 to $17 a share. — Cumulus Media has rejected …
Discussion:
insideradio.com
The Information:
Sources: DAZN's subscriber numbers stalled at ~11M, after losing $1B+ in 2021 on ~$1.4B in revenue, and it is on track to lose roughly another $900M in 2022 — Early last year, it looked like DAZN might finally be turning a corner. — The streaming company—bankrolled …
Discussion:
@markdistef and @jtoonkel
Megan Graham / Wall Street Journal:
Publicis will acquire Profitero, which provides e-commerce software and analytics to over 4,000 brands, sources say for about $200M — Advertising holding companies are increasingly helping marketers reach and sell consumers directly online — French advertising holding company Publicis Groupe SA …
Discussion:
Ad Age, The Drum, @connorpm, @publicisgroupe, @armano and MediaPost, more at Techmeme »
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