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7:00 PM ET, May 4, 2022

Mediagazer

 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.
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A.J. Perez / Front Office Sports:
New York Times CEO Meredith Kopit Levien says the company will introduce ads this year on money-losing The Athletic and create NYT-Athletic subscription bundles  —  - The Athletic lost $6.8 million in the first two months since it was acquired by The New York Times.
Discussion: @byajperez
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 …
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Michael Morisy / Muckrock News:
MuckRock will expand DocumentCloud access and enable document storage on Filecoin's network, with support from the Filecoin Foundation for the Decentralized Web  —  Upcoming award program will give $400,000 and technical support to key analysis, archiving and publishing projects
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
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.
Matt Tamanini / The Streamable:
Sinclair says its upcoming sports streaming service will be called Bally Sports+ and cost $189.99/year or $19.99/month, with a soft launch this quarter  —  On Wednesday, the Sinclair Broadcasting Group revealed its earnings report for the first quarter of 2022.
Janko Roettgers / Protocol:
Cameo lays off 87 employees, or ~25% of its workforce; source: the chief technology officer, chief product officer, and chief people officer were among the 87  —  Cameo, the celebrity video greetings startup, laid off 87 of staffers Wednesday, a move that CEO Steven Galanis described as “right-sizing.”
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
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 and Billboard
Jody Godoy / Reuters:
An investment trust files a shareholder suit against Netflix, accusing the company of misleading investors about its ability to keep adding subscribers  —  Netflix Inc (NFLX.O) has been hit with a shareholder lawsuit in a U.S. court in California accusing the streaming entertainment company …
Sarah Perez / TechCrunch:
TikTok will launch Pulse, its first ad product with a revenue share program, in the US in June 2022, for eligible creators and publishers with 100K+ followers  —  TikTok is introducing a new way to lure advertisers to its platform by giving them the ability to showcase their brands' content next to the best videos on TikTok.
 
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 More News: 
@wcp:
[Thread] The Washington City Paper produces its last regular print edition this week, as it transitions to a digital-first news outlet
 Earlier Picks: 
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
Cullen Browder / WRAL-TV:
The ACEJMC, which evaluates journalism programs, downgrades the accreditation of UNC's journalism school, after controversy over a Nikole Hannah-Jones job offer
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