Top News:
New York Times:
Justin Smith and Ben Smith's Semafor raised $25M from Jessica Lessin, crypto billionaire Sam Bankman-Fried, and others; debut is planned for 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:
@hshaban, @ashleevance, @semafor, @jayrosen_nyu, @jeremymbarr, Digiday, @blackamazon, @oliverdarcy, @loganrhoades, @katie_robertson, @benmullin, @semaforben, @athenae, @kimmasters, @dceiver, @green_footballs, @_cingraham, @soledadobrien, @_cingraham, @mattgertz, @joshsternberg, @oliverdarcy, @owillis, @emilybell, @teddyschleifer, @taylorlorenz, @karlbode, @ceciliakang, @kadiagoba, @maxkennerly, @dgisserious, @juwanthewriter, @keitholbermann, @mlcalderone, @semaforben, @davmicrot, @sivavaid, @froomkin, @mattnegrin, @letsgomathias, @haleaziz, @margarettalev, @damemagazine, @scclemons, @samro, @jeffjarvis, @owillis, @jason_kint, @elanazak, @froomkin, @mobute, @hbottemiller, @theferocity, @jonvankin, @tomgara, @semaforben, @kairyssdal, @kimmasters, @grace_panetta, @goldengateblond, @benmullin, @parkermolloy, @marisakabas, @benmullin, Mediaite 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, Vanity Fair, @benmullin, Variety, Mirror, @jyarow, @pcd2009, @nkulw, @juddapatow, @clydehaberman, @ayocaesar, @yashar, @gulf_news, @kimmasters, @rumaan, @revrrlewis, @fakedansavage, @newsynick, @ecareyo, @davidfolkenflik, @lbyock, @sarahkendzior, @jamesoliphant, Los Angeles Times, @jamesdoleman, Newser, @evanhandler, @richsignorelli, @jolyonrubs, @ronnisalt, Reuters, The Wrap, TMZ.com, The Guardian, The Daily Beast, E! Online and Insider
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, Insider, Variety, Twitter Help Center, TechCrunch, @tomandlorenzo, @landfali, @venkatananth, @taylorlorenz, @mgsiegler, @shivaroor, @jspector, @themojomissy, @vijayshekhar, Нов …, @tomwarren, @adamjmoussa, @dlberes, @davidellis, @sonnybunch, @grantrindner, @eckhartsladder, @pressgazette, @kirawontmiss, @mobute, @robpilk, @ashleyksmalls, @jerrydunleavy, @alissacaliente, @mohanadelshieky, Creator Economy Tips, @thefirstokiro, @chrislaawrence, Mumbrella, @oliverdarcy, @stammy, @lucas_jackson_, @unpopularwolfad, Mashable India, Adweek, Gizmodo, Newslit Daily, RECHEIO and The Verge
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 …
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:
What's New in Publishing and Simon Owens's Media Newsletter
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:
CNBC, @asharma, @digitalshields, @matt_cochrane7, Adweek, Tubefilter and The Streamable, more at Techmeme »
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:
@kenherts, @andrey4mir, @tatecurtis, @patricialclark, @jbenton, @blowryontv and #5SmartReads
Naman Ramachandran / Variety:
Barb: UK households with a streaming service subscription reached 19.57M in Q1 2022, up ~500,000 from Q4 2021; Apple TV+ grew 27% QoQ and Disney+ grew 19% QoQ — STREAMING … BARB's establishment survey for the first quarter of the year reports that the number of U.K. households with access …
Discussion:
AppleInsider
Peter Kafka / Vox:
Traditional media companies, especially TV, as well as streamers, face a serious threat from TikTok, and seem to be doing little so far to counter or respond — Facebook knows it has a TikTok problem. TV and streamers do, too. — The people who bring you video entertainment …
Discussion:
@rmc031, @pkafka, @pkafka, @mattgertz, @joshuaogundu and @ryanlcooper
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:
@dustyevely, The Streamable, @brentalang and @cinemavsdave
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
Bron Maher / Press Gazette:
The UK's The New European raised £513K+ in two days by offering readers the chance to buy £3 shares in the newspaper, and is considering expanding into Germany — The New European has raised £510,000 in two days by offering readers the chance to buy shares in the newspaper.
Discussion:
@theneweuropean, @pressgazette and @aaronbastani
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