Top News:
Variety:
Netflix lays off roughly 300 people out of its ~11,000 global employees, with the bulk of the jobs lost in the US, after initial job cuts of 150+ in May 2022 — Layoffs have hit Netflix again, with the streamer letting go of roughly 300 staffers on Thursday, Variety has learned exclusively.
Discussion:
MediaPost, Deadline, The Verge, @lucas_shaw, @loudmouthjulia, @shanellegenai, @phil_lewis_, @brookeobie, @scottemovienerd, @lucas_shaw, The Desk, Tubefilter, Too Much TV Newsletter, The Guardian, TheStreet, Fast Company, Engadget, The Streamable, Reuters, New York Post, Los Angeles Times, IndieWire, Bloomberg, Insider, The Wrap and Media Play News
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Patience Haggin / Wall Street Journal:
Ted Sarandos confirms Netflix is talking with potential partners to help launch an ad-supported tier and says the company might build its own ad business later
Discussion:
The Streamable, XDA Developers, Hollywood Reporter, Deadline, The A.V. Club, 9to5Mac, UPROXX and MacRumors
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
Discussion:
Variety, Engadget, Reuters, The Verge, Fast Company, @asharma, Slashdot, Search Engine Land, @digitalshields, @matt_cochrane7, Digital TV Europe, CNBC, Adweek, Tubefilter and The Streamable
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:
@niemanlab, @sportstvratings, @alexweprin, @mattnavarra, @pkafka, @pkafka, @mattgertz, @joshuaogundu, @ryanlcooper and @rmc031
RELATED:
Zheping Huang / Bloomberg:
How TikTok is cashing in on its exploding popularity; Source: TikTok plans to grow its e-commerce gross merchandise volume to $2B this year and $23B in 2023 — Alyssa McKay used to work part-time at a frozen yogurt store in Portland, Oregon, making minimum wage to cover her college tuition.
Discussion:
@carolndosi, @ericjackson, @coreybehnke, @mattnavarra, @hancocktom and Insider
Washington Post:
A look at the techniques used in the live broadcasts presenting the House January 6 committee's evidence, produced by former ABC News president James Goldston — The panel probing the Capitol attack is trying to turn its investigative grind into must-see television
Discussion:
The Hill, @ebboyd, @ebboyd, @ebboyd, @emilybell, @oliverdarcy, @ebboyd, @washingtonpost, @ebboyd, @ericuman, Vanity Fair, The Week, TMZ.com, NPR, The Guardian and CBS News
Alex Sherman / CNBC:
Semafor will be ad-supported for “six, 12, maybe 18 months” before adding a paywall and will hire talent agents to pair journalists with products and events — - Media executives are hopeful they've learned lessons and streamlined their businesses to weather a potential recession.
Discussion:
Wall Street Journal, @sherman4949, @hshaban, @ashleevance, @taylorlorenz, bookforum.com, @emilybell and @maxkennerly
Michael Stahl / TVNewsCheck:
Sources: a staff exodus at Altice's News 12 New Jersey, serving seven Tri-State markets, is due to a toxic workplace and sponsored content overtaking local news — Mass resignations have rocked the editorial staff at News 12 New Jersey. According to three sources close to the situation …
Discussion:
Adweek, @michaelrstahl, @tvnewscheck and @matthewkeyslive
Brian Stelter / CNN:
A look at the 20-year-old SCOTUSblog, founded by husband-and-wife team Tom Goldstein and Amy Howe, who see it as a public service and say it loses ~$400K/year — New York CNN Business — … Where will you be at 10am ET on Thursday? Like tens of thousands of other people …
Discussion:
@sarahscire, @brianstelter and Bloomberg
Mariella Moon / Engadget:
Spotify replaces Concert Hub with a Live Events Feed, populated by Ticketmaster, AXS, DICE, Eventbrite, See Tickets, and other partners, for finding tour dates — Spotify has expanded its old Concert Hub and added more features to make it easier to find information and tickets for live events in your location.
Discussion:
Spotify, Music Ally, Pollstar News, @chrismessina and TechCrunch, more at Techmeme »
Brian Steinberg / Variety:
Fox Nation has started running commercials; EVP says they are “very rare,” for “major partnerships,” and are billboards placed at the bottom of the screen — Streaming outlet Fox Nation is already running the commercials its larger rivals say they want to sell.
Deadline:
Warner Bros. Discovery acquired the Unprecedented three-part docuseries subpoenaed by the January 6 Committee, set to air on Discovery+ later in summer 2022 — EXCLUSIVE: Rep. Bennie Thompson (D-MS), the chairman of the January 6th Committee, said on Wednesday that the hearing schedule will continue into July.
Discussion:
CNN, Variety, New York Times, Vicky Ward Investigates, CBS News, @ntarnopolsky, @sollenbergerrc, @hugolowell, The Wrap, Vanity Fair, The A.V. Club and Hollywood Reporter
Haroon Siddique / The Guardian:
UK high court grants Brexit backer Arron Banks permission to appeal the judge's decision against him in his libel case against journalist Carole Cadwalladr — High court judge grants permission on one ground after ruling last week in Observer and Guardian journalist's favour
Marcela Valdes / New York Times:
US book publishing has had waves of fostering Black audiences, followed by retreats; many cheer a new wave of diverse hires and books but don't trust it'll last — For generations, America's major publishers focused almost entirely on white readers. Now a new cadre of executives like Lisa Lucas is trying to open up the industry.
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