Top News:
Benjamin Mullin / New York Times:
Sources: Substack dropped efforts to raise money, after talks to raise $75M-$100M at a $750M-$1B valuation, during which the company said 2021 revenue was ~$9M — Amid an industrywide downturn, venture investors are preaching austerity and halting new deals, particularly for companies that have spent aggressively on growth.
Discussion:
TechCrunch, @pt, @tanayj, @carnage4life, @longshorttrader, @barbariancap, @caseynewton, @riddle245, @film_girl, @mattzeitlin, @kateclarktweets, @gaberivera, @tysonbrody, @ungarino, @chaykak, @caleweissman, @fmanjoo, @mattzeitlin, @joy, @pkafka, @jackmarshall and Platformer, more at Techmeme »
BBC Media Centre:
The BBC details its budget cuts: laying off up to 1,000 people over the next few years, merging World into News, making CBBC and BBC 4 online-only, and more — The plan focuses on creating a modern, digital-led and streamlined organisation that drives the most value from the licence fee and delivers more for audiences
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Press Gazette, @scottygb, @jimwaterson, BBC, @peterrneumann, @totpfacts, @emmakennedy, @janequaife, @rickyboleto, Variety, @robburl, @rasmus_kleis, The Guardian, @helenkennedy, Deadline, @psythor, @wbuxtonofficial, @cbbc, @icklenellierose, @sarahscire, @tldrnewsuk, @caffeinatedeyes, @jeffjarvis, @robinwigg, @willblackwriter, @lucympowell, Advanced Television, @krishgm, @lucympowell, @sewell7, @bbcpress, @lucympowell, @ashkan, @thewritersguild and HoldtheFrontPage
Charlotte Klein / Vanity Fair:
Some US journalists question whether showing more graphic footage would force the public and political leaders to fully confront America's gun violence epidemic — As journalists descend on Uvalde—as they did on Columbine, Newtown, and Parkland—some are questioning whether a more graphic approach …
Elahe Izadi / Washington Post:
How a 2019 joint investigation by the San Antonio Express-News and the Houston Chronicle led to the disclosure of sex abuse by Southern Baptist church leaders — A 2019 investigation by the Houston Chronicle and San Antonio Express-News prompted this week's massive disclosure about church leaders implicated in sex abuse cases.
Discussion:
@digiphile, @pierremercer, @dangillmor, @rlocker12, @jenny_deam, @vlbenning, @thigpentiffany, @robdownenchron, The Week, New York Times and UPI
Todd Spangler / Variety:
Lionsgate reports Q4 revenue up 6% YoY to $929.9M, vs. $961M est., a net loss up 177% YoY to $104.6M, and Starz global streaming subscribers up 47% YoY to 24.5M — Lionsgate came in below Wall Street expectations for the first three months of the year, but its TV production division again …
Discussion:
The Wrap, The Streamable, The Wrap, Investors and @kellygilblom
Teresa Carr / Undark Magazine:
The Online News Association's “3M Truth in Science Award” raises an ethical dilemma since 3M, the sponsor, has a history of lying about its scientific findings — Does the ONA's “3M Truth in Science Award” imply that journalists and chemical companies are interested in telling the same story?
Discussion:
@niemanfdn, @undarkmag, American Press Institute, @sesmith, @mmoyr, @monicaamarelo, @undarkmag and @teresarcarr
Reuters:
Russia's foreign ministry says it told YouTube that every time the company blocks a weekly briefing, the country will expel an American journalist or outlet — Russia's foreign ministry said on Thursday that reporters from Western countries will be expelled from Russia if YouTube (GOOGL.O) blocks access to its spokeswoman's briefings.
Sports Business Journal:
Sources: the NFL plans to launch its own streaming service, NFL Plus, in July 2022; the centerpiece will be live games on phones and tablets for ~$5 per month — Today in Unpacks: SBJ's Ben Fischer with the latest from the NFL owners meetings in Atlanta. — PGA Championship finale lower than Phil's win in 2021
Discussion:
AppleInsider, @benfischersbj, TechCrunch, 9to5Mac, Adweek, Junghoon's Direct Media …, Engadget, Next TV, @nfl_dovkleiman, @drewkerr, @2xaught7, @tsoh_investing and CNET
Jon Allsop / Columbia Journalism Review:
The New York Times presenting its Haiti package as a “first” shows that the media should expand the definition of a news peg from new facts to current problems — “Haiti's Lost Billions.” “The Root of Haiti's Misery: Reparations to Enslavers.” “How a French Bank Captured Haiti.”
Discussion:
@jon_allsop, @jon_allsop, @jane_gerster, @jayrosen_nyu, @spj_tweets, @jon_allsop, @cjr, Slate, New Republic and PastPresentFuture
Anousha Sakoui / Los Angeles Times:
The Amber Heard-Johnny Depp trial has created a new cottage industry of attorney social media stars, highlighting how media consumption of big cases has shifted — Emily D. Baker is exasperated. In the penultimate week of Amber Heard and Johnny Depp's defamation trial …
Discussion:
@anoushasakoui, @anoushasakoui, @theemilydbaker, @ashleyspllife, @anoushasakoui, @taylorlorenz, @anoushasakoui and @latimes
Tony Webster / Minnesota Reformer:
Minneapolis agrees to pay $600K to settle a lawsuit by reporter Linda Tirado, who was blinded in one eye by a police projectile while covering May 2020 protests — The Minneapolis City Council on Thursday agreed to pay a $600,000 settlement in a lawsuit brought by writer and photojournalist Linda Tirado …
Discussion:
@apantazi, @michaellinhorst, @coreypein, @killermartinis, @mxlandback, @killermartinis, Twin Cities, @mrotzie, @lukeoneil47, @ugarles and @suelmorrow
Reuters:
The UK launches a review of the BBC focused on impartiality and staff diversity and asks it to aim for 25% of its staff to be from low socioeconomic backgrounds — The British government asked the BBC to aim for one in four of its staff to be from low socio-economic backgrounds as it launched …
Discussion:
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