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, Vanity Fair, The Information, Bulwark Goes to Hollywood, @lucas_shaw, Deadline, The Verge, @scottemovienerd, The Desk, MediaPost, @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, Slashdot, 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 — Streaming giant's Co-CEO Sarandos says the company wants a ‘pretty easy entry to the market’ — CANNES, France …
Discussion:
The Streamable, Variety, Hollywood Reporter, Light Reading, Engadget, XDA Developers, The Verge, 9to5Mac, UPROXX, MacRumors and Wall Street Journal
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 …
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, The Hill, @ebboyd, @ebboyd, The Week, @washingtonpost, @oliverdarcy, @ericuman, Vanity Fair, TMZ.com, CBS News and The Guardian
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:
The New, @carolndosi, @joshuatopolsky, @coreybehnke, @mattnavarra, Techdirt, @ericjackson, @hancocktom, @niemanlab, @sportstvratings, @alexweprin, Insider and Vox
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
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
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, @taylorlorenz, @ashleevance, bookforum.com, @emilybell, @maxkennerly and @owillis
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
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.
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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