Top News:
New York Times:
Justin and Ben Smith's Semafor raised $25M from Jessica Lessin, crypto billionaire Sam Bankman-Fried, and others, and plans to launch this fall with ~30 staff — The news start-up Semafor has raised $25 million from wealthy individuals, with a goal of cultivating direct relationships between its journalists and its audience.
Discussion:
@ashleevance, @semafor, Mediaite, @loganrhoades, @theferocity, @sivavaid, @damemagazine, @owillis, @semaforben, @_cingraham, @kimmasters, @kimmasters, @hshaban, @froomkin, @jayrosen_nyu, @athenae, @jonvankin, @jeremymbarr, @keitholbermann, @karlbode, @blackamazon, @oliverdarcy, @benmullin, @green_footballs, @soledadobrien, @_cingraham, @mattgertz, @oliverdarcy, @ceciliakang, @dgisserious, @juwanthewriter, @mlcalderone, @semaforben, @davmicrot, @froomkin, @mattnegrin, @margarettalev, @scclemons, @owillis, @jason_kint, @mobute, @hbottemiller, @semaforben, @parkermolloy, @katie_robertson, @dceiver, @joshsternberg, @teddyschleifer, @taylorlorenz, @kadiagoba, @letsgomathias, @haleaziz, @samro, @elanazak, @tomgara, @grace_panetta, @goldengateblond, @benmullin, @benmullin and Washington Monthly
New York Times:
Sources: Rupert Murdoch and Jerry Hall are divorcing; the split, his fourth, is unlikely to alter the structure of his businesses, with family shares in a trust — The media mogul's fourth divorce is unlikely to change the ownership structure of Mr. Murdoch's empire, but it could reverberate …
Discussion:
Washington Post, Variety, Reuters, The Wrap, The Guardian, Insider, @benmullin, Vanity Fair, TMZ.com, RADAR, @ayocaesar, @jolyonrubs, E! Online, @jamesdoleman, @ecareyo, @evanhandler, @pcd2009, @fakedansavage, @richsignorelli, The Daily Beast, @kimmasters, @rumaan, @revrrlewis, @sarahkendzior, @jyarow, @nkulw, @clydehaberman, @newsynick, @davidfolkenflik, @lbyock and National Zero
Sarah Perez / TechCrunch:
Twitter tests Twitter Notes with select users, for creating long-form content with rich text formatting and uploaded media that can be tweeted upon publishing — In what could be one of Twitter's more significant changes since doubling the character count from 140 to 280 characters …
Discussion:
@twitterwrite, Variety, CNET, Adweek, @alissacaliente, @sonnybunch, Engadget, TechCrunch, Twitter Help Center, Mashable India, @mohanadelshieky, XDA Developers, @grantrindner, @shivaroor, @mobute, @chrislaawrence, @venkatananth, @taylorlorenz, AppleInsider, @mgsiegler, Newslit Daily, @themojomissy, @dlberes, @davidellis, Gizmodo, @eckhartsladder, @pressgazette, @kirawontmiss, @ashleyksmalls, @thefirstokiro, @oliverdarcy, @stammy, @lucas_jackson_, RECHEIO, @jspector, @tomwarren, @adamjmoussa, @robpilk, The Verge, Search Engine Land and Android Police, more at Techmeme »
Charlotte Tobitt / Press Gazette:
Google revamps News, elevating local news and fact checks; News returns to Spain after 7.5 years citing the country adopting EU copyright rules in November 2021 — Google News is relaunching in Spain almost eight years after it shut down to avoid paying publishers when the country introduced …
Sara Fischer / Axios:
PwC: in 2026, the US is expected to become the first major media market in the world to see digital newspaper ad revenue eclipse print newspaper ad revenue — The U.S. is expected to make history in 2026 when it becomes the first major media market in the world to see digital newspaper ad …
Discussion:
#5SmartReads, @kenherts, @blowryontv, @jbenton, @patricialclark, @tatecurtis and What's New in Publishing
Wall Street Journal:
Sources: Comcast and Google have emerged as the top contenders to help Netflix develop an ad-supported tier, and Netflix has discussed ad partnerships with Roku — Deals with the streaming company could include exclusive agreements and revenue-sharing — Comcast Corp.'s NBCUniversal …
Discussion:
Adweek, @asharma and Tubefilter, more at Techmeme »
Paul Vieira / Wall Street Journal:
Canada's government approves legislation that would compel YouTube, TikTok, and streaming services to boost domestic content; the Senate votes on the bill next — Government says measures needed to foster growth in domestic cultural sector and make Canadian content more accessible
Discussion:
@jeffjarvis, @mgeist and @paulvieira
Charlotte Tobitt / Press Gazette:
The Economist reports revenue grew 12% YoY in FY 2022 to £346.3M, operating profit up 11% to £46.4M, its best since £47m in 2016, and 1,185,000 subscribers — The Economist had its most successful year financially since 2016 last year with profit up and record revenue, thanks to increased subscriptions.
Discussion:
Simon Owens's Media Newsletter
Variety:
Sources: Netflix launched a charm offensive, stressing to top creators and agents that the company will keep spending aggressively to make and market content — Netflix has a message for Hollywood: We're not broke. — In the wake of a massive stock slide triggered by a subscriber dip during …
Discussion:
The Streamable, @dustyevely, @cinemavsdave and @brentalang
Joshua Benton / Nieman Lab:
The Washington Post is offering a promotional digital news subscription for $50 per year, locked in for 50 years; a subscription currently costs $100 per year — Anyone who tells you they know what digital news will look like in 50 years is lying. But the Post — with an owner rich enough …
Discussion:
@jbenton, @joelmmathis, American Press Institute, @abtran, @josh_good_ and @kierankelly
Max Brantley / ArkansasTimes:
An appeals court rules against The Arkansas Times, which challenged a state law requiring contractors to pledge not to boycott Israel; the ACLU plans to appeal — The 8th U.S. Circuit Court of Appeals today ruled that the state law limiting state business with those who refuse to sign …
Discussion:
Associated Press, @maricohen95, @radleybalko, @juliabacha, @juliabacha, @juliabacha, @juliabacha, @nikkimcr, @juliabacha, @juliabacha, @juliabacha, Arkansas Online and @juliabacha
Todd Spangler / Variety:
PwC: subscription streaming video services in the US are projected to generate $25.32B in 2022 revenue, up 13% YoY but down from 2021's annual growth of 19.5% — Subscription streaming video is cooling down from torrid growth rates seen in 2020 and '21 — fueled by pandemic lockdowns …
Discussion:
Axios
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