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:
Insider, The Information, @lucas_shaw, Deadline, The Verge, MediaPost, @scottemovienerd, The Desk, @brookeobie, @shanellegenai, @lucas_shaw, @phil_lewis_, @loudmouthjulia, The A.V. Club, Tubefilter, Too Much TV Newsletter, The Guardian, TheStreet, Fast Company, Engadget, The Streamable, Reuters, New York Post, Los Angeles Times, IndieWire, Bloomberg, The Wrap, Slashdot 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:
Variety, The Streamable, Light Reading, Hollywood Reporter, Engadget, XDA Developers, The Verge, 9to5Mac, UPROXX, MacRumors and Wall Street Journal
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:
NPR, @ebboyd, @ebboyd, @ebboyd, @emilybell, @oliverdarcy, The Hill, @ebboyd, @washingtonpost, @ebboyd, The Week, @ericuman, Vanity Fair, TMZ.com, The Guardian and CBS News
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:
Techdirt, @joshuatopolsky, @carolndosi, @coreybehnke, @mattnavarra, @ericjackson, @hancocktom and Insider
RELATED:
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
Discussion:
@niemanlab, @sportstvratings, @alexweprin, @mattnavarra, @pkafka, @pkafka, @mattgertz, @joshuaogundu, @ryanlcooper and @rmc031
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
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, @maxkennerly and @owillis
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
Davey Alba / Bloomberg:
Source: in February, Meta started an official internal process to shut down CrowdTangle, but paused the plan as the EU's Digital Services Act gained traction — On May 17, as several states held their primary elections, Jesse Littlewood searched the internet using a tool called CrowdTangle …
Filipe Espósito / 9to5Mac:
Apple quietly raised the prices for the Apple Music student plan, from $4.99 to $5.99 per month in the US and Canada and from £4.99 to £5.99 per month in the UK — Apple last month quietly raised the price of the Apple Music student plan in several countries such as South Africa …
Discussion:
TechCrunch, XDA Developers, MacRumors and AppleInsider
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, CBS News, @ntarnopolsky, @sollenbergerrc, @hugolowell, Vicky Ward Investigates, The Wrap, Vanity Fair, The A.V. Club and Hollywood Reporter
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, Pollstar News, @chrismessina and TechCrunch, more at Techmeme »
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.
Mia Sato / The Verge:
Snapchat announces a one-year accelerator program for 25 Black Snapchat creators, offering a $10K/month stipend, Star status, a Google Pixel 7 Pro, and more — Participants will receive $10,000 a month in funding — Twenty-five Black Snapchat creators will receive funding, mentorship …
Discussion:
Snap Newsroom, MediaPost, Tubefilter, @snapchat and @blackamazon
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