Top News:
Joe Flint / Wall Street Journal:
Sources: CEO David Zaslav is quickly putting his stamp on Warner Bros. Discovery including by cutting CNN+ and other costly projects, and forcing out executives — CEO David Zaslav has quickly put his stamp on Warner Bros. Discovery, weighing in on content, forcing out executives and cutting costly projects
Discussion:
@mike_w_allen, Variety, @jbflint, @kirstenacuna, @modestproposal1, @mattwilsoncss, @great_katzby, ScreenRant, @metaplexmovies, @loudmouthjulia, @benfritz, @stevekopack, @loudmouthjulia, @loudmouthjulia, @the_moviebob, @nash076, @dadehayes, @digitalshields, The Wrap, @drewfitzgerald, @sherman4949, @asharma, The Playlist, SlashFilm and The Streamable
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Alex Weprin / Hollywood Reporter:
Warner Bros. Discovery says Chris Wallace, who had a CNN+ show, will shift this fall to hosting a CNN show in primetime on Sunday that will stream on HBO Max — CNN will also be getting a “reimagined” morning show later this year. — Chris Wallace is coming to primetime …
Discussion:
Axios, TechCrunch, Variety, The Wrap, CNN, @ajkatztv, @bristei, @deggans, @davidgura, @greta, CNBC, @soledadobrien, @alaynatreene, @roybelly, The Week, Los Angeles Times, Breitbart, Media Play News, New York Post, Next TV, The Streamable, Deadline and Warner Bros. Discovery
Sarah Perez / TechCrunch:
Following years of complaints, TikTok announces its first crediting tools, letting creators link back to the videos of other creators and trend originators — After years of stolen memes and uncredited dance trends, TikTok today is introducing a new feature that it says will be the first iteration …
Discussion:
TikTok, After School, @shavone, Protocol, The Hollywood Reporter and Variety, more at Techmeme »
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Aisha Malik / TechCrunch:
TikTok launches Branded Mission, a product that lets advertisers crowdsource content from creators with 1K+ followers and turn top-performing videos into ads — TikTok announced today that it's launching a new ad product called “Branded Mission” that will allow creators to connect with brands and possibly receive rewards for videos.
Discussion:
TikTok, Music Ally, The Drum, MediaPost and Ad Age, more at Techmeme »
Emma Roth / The Verge:
Report: Netflix had 3.6M cancellations in Q1 2022, up from ~2.5M for each past five quarters; 13% came from subscribers who had the service for over three years — Users subscribed to Netflix for more than three years represented 13 percent of total cancellations
Discussion:
The Information, @blackamazon, @jtlol, @thrasherxy, The Mac Observer, @royprice, Slashdot, Breitbart, 9to5Mac and iMore, more at Techmeme »
Rebecca McCarter / E.W. Scripps Company:
E.W. Scripps plans a multiyear effort, underwritten with funding from Google, to help experienced print journalists move into broadcast news and jobs at Scripps — CINCINNATI - The E.W. Scripps Company (NASDAQ: SSP) and Google are partnering on a multi-year initiative to transition experienced journalists …
Discussion:
Cincinnati Business Journal and TVTechnology
Alexandra Bruell / Wall Street Journal:
Recurrent Ventures, which owns Popular Science and 23 other brands, raises $300M led by Blackstone as it explores an IPO or a sale to a larger media company — Media firm, which also counts Domino and Outdoor Life among its publishing brands, plans to use proceeds to fund acquisitions
Discussion:
@anthony, @jaredbkeller and @mattsechrest
J. Clara Chan / Hollywood Reporter:
At Brandcast 2022, YouTube executives focused on live shopping, short-form video, and the work of individual creators, as the platform moves away from Originals — YouTube will host its second Beauty Festival on June 16, but this time, viewers will be able to purchase products directly from the livestream.
Discussion:
TechCrunch and Engadget
RELATED:
Sarah Perez / TechCrunch:
YouTube rolls out player features to all users, including a graph to easily locate the “Most replayed” video parts, support for video chapters, and video loops — YouTube today is launching a new feature designed to help users identify the most popular parts of a video they're watching …
Discussion:
MacRumors and Engadget, more at Techmeme »
Bron Maher / Press Gazette:
UK publisher Future reports adjusted operating profits of £134.5M, up 51% YoY, for H1 2022, and revenue of £404.3M, up 48% YoY, thanks to acquisitions — Magazine publisher Future has reported record revenues and profits for the first half of its financial year …
Discussion:
@pressgazette
Andrew Mercier / Muck Rack Blog:
Report: 77% of journalists value Twitter more than any other social media platform; The BBC has the most journalists on Twitter, followed by Bloomberg News — Since we last reported on the State of Journalism on Twitter in 2017, not a lot has changed on the platform—kidding!
Discussion:
@mattnavarra, @mattnavarra, @mattnavarra and @pressgazette
Scott Feinberg / Hollywood Reporter:
The Academy of Motion Picture Arts and Sciences issues new rules and campaign regulations for the 95th Oscars, and reinstates its theatrical release requirement — The Academy's board of governors also capped the number of songs a film may submit for Oscar consideration and tweaked the names of its documentary awards.
Ariel Shapiro / The Verge:
Internal memo: Reply All podcast hosts Alex Goldman and Emmanuel Dzotsi plan to leave the eight-year-old show in June, after several high-profile Gimlet exits — It is unclear whether the show will continue after they leave — Reply All co-hosts Alex Goldman and Emmanuel Dzotsi will be leaving …
Discussion:
@jessesingal, @ow, @heyfeifer, @devincf, @kittypurrzog, @andymanganelli, @dancow, @chrisberube, @britl, @astepanovich, @patrickklepek, @jamespmcleod, @joshsternberg, @reckless, @pierce, @dcseifert and @taylorlorenz
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