Top News:
The Guardian:
Guardian reports annual revenue for the year to April 2022 of £255.8M, up 13% YoY, and net operating inflow of £6.7M; digital revenue surpasses print, a first — Guardian Media Group (GMG) today announces outstanding financial results for the 12 months to 3 April 2022
Discussion:
The Guardian, Press Gazette, @horton_official, @jackpowerit, @apradhan1968, @mariaramirezny, @arusbridger, @apradhan1968, @lexytopping and @vivian
Matthew Doig / Medium:
An LAT editor who worked on the story about drug use by a USC dean refutes the claims made in a book by an LAT reporter about editors trying to kill the story — An LA Times reporter's book claims corrupt editors — myself included — tried to protect USC from an embarrassing exposé.
Discussion:
@hillelaron, @davidakaye, @lfung, @loebvernon, Media Nation, @dangillmor, @farhip, @a_cormier_, @jbflint, @cristymsilva, @jm_mcgrath, @froomkin, @gabekahn and @stephenrodrick
Haroon Siddique / The Guardian:
UK's justice secretary announces proposals for a three-stage test for courts in England and Wales to dismiss SLAPP lawsuits at an early stage — Strategic lawsuits against public participation have been used by rich to try to stifle free speech — Courts in England and Wales are to be granted …
Discussion:
@catherine_mayer, @haroon_siddique, @scottmstedman, @carolecadwalla and @tomburgis
Charlotte Klein / Vanity Fair:
ProPublica, AP, Texas Tribune, and 40+ other news organizations have formed a media coalition to make records requests concerning the Uvalde shooting — While journalists have already exposed police failures, national and local outlets are also uniting in an effort for greater transparency.
Discussion:
@sewellchan, @charlottetklein and WFAA-TV
Kyle Wiggers / TechCrunch:
Crunchbase has raised a $50M Series D led by Alignment Growth and says it has 75M+ unique visitors annually and recently surpassed 60,000 paying customers — In both down times and boom times, businesses across industries are faced with the challenge of building sales pipelines and closing revenue.
Discussion:
@prsarahevans, @yoda, @jason_rowley, @srinivasdkrishn, @bayareawriter and @omersventures, more at Techmeme »
Charlotte Tobitt / Press Gazette:
Evening Standard editor Charlotte Ross departs suddenly; deputy editor Jack Lefley will become the paper's fourth editor or acting editor in just over two years — Evening Standard acting editor Charlotte Ross has left the newspaper with immediate effect. — Her exit means the Evgeny …
Discussion:
@frasernelson, @oscarwgrut, @direthoughts, @jimwaterson, @journalistjill, @aljwhite, @jaheale and @peston
Jay Peters / The Verge:
YouTube hires Rene Ritchie, a tech YouTuber and former editor-in-chief of iMore, as its new Creator Liaison — He's the company's second creator liaison — Rene Ritchie, the former editor-in-chief of Apple-focused site iMore who has been a full-time YouTuber for the past two years …
Discussion:
@reneritchie, @reneritchie and @reneritchie
Sarah Whitten / CNBC:
Netflix reports Q2 revenue up 9% YoY to $7.97B, vs $8.04B est., and a 970K subscriber loss vs an estimated 2M subscriber loss; stock jumps 5%+ after hours — Netflix shares jumped 6% after the company said it lost fewer subscribers than anticipated during the second quarter.
Discussion:
Axios, Netflix, Financial Times, CNN, Forbes, @hedgeyecomm, @tvmojoe, Variety, Bloomberg, Tom Merritt Tech Newsletter, @deggans, @deggans, iPhone in Canada Blog, @jpodnos, Music Ally, @mylesudland, @sherman4949, @sherman4949, @pkafka, @frankpallotta, Ponte al día, The Daily Wire, @klendathucap, @carnage4life, @joshuaogundu, IndieWire, @smartleverage, @cnbcovertime, @laurengoode, @lesliejosephs, @lesliepicker, @shruti_shekar, @samro, @variety, @lucas_shaw, @lucas_shaw, Protocol, New York Post, Fortune, Deadline, Deadline, Wall Street Journal and CBS News, more at Techmeme »
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Todd Spangler / Variety:
Netflix plans to launch its cheaper, ad-supported plan in “the early part of 2023”, starting in “a handful of markets where advertising spend is significant”
Discussion:
@xpangler, @verge, Pocket-lint, 9to5Mac, Neowin, TechCrunch, The Verge, CNBC, TechRadar, Polygon, Adweek, Deadline, The Wrap and IndieWire, more at Techmeme »
Sara Fischer / Axios:
Piano: 43%+ of digital media subscribers become inactive a day after subscribing, up from 39% in 2021; “subscription sleepers” account for 30% of active churn — Over 43% of digital media subscribers become inactive the day after they subscribe, according to a new report, up from 39% in 2021.
Discussion:
Simon Owens's Media Newsletter, @samro and @dcnorg
Sara Fischer / Axios:
Money magazine, once a prominent Time Inc. title, is profitable again in online-only form as a niche consumer finance brand, current owner Greg Powel says — Money, once a prominent business title under Time Inc., is officially a profitable business again in online-only form, its new owner Greg Powel told Axios.
Discussion:
@harrymccracken, @sarafischer, @kendallbaker and Talking Biz News
Alex Weprin / The Hollywood Reporter:
Byron Allen's Allen Media Group will buy Black News Channel out of bankruptcy for $11M and plans to revive it; previous owner Shahid Khan invested $100M in BNC — The cable news channel, initially founded by Jacksonville Jaguars owner Shad Khan, had shut down in March.
Discussion:
Next TV, The Wrap, Radio & Television … and Deadline
Karen Maniraho / Columbia Journalism Review:
Q&A with five journalists who cover internet culture on how they describe their beat, decide what to cover, navigate algorithms, and more — Five journalists on covering the internet in search of meaning, not viral trends — “Ours is a period of increasing noise,” Jason Parham wrote earlier this year, for Wired.
Discussion:
@broderick, @fka_tabs, @saba_h, @mathewi, Newslit Daily, @_richardhall, @tara_mulholland, bookforum.com and Today in Tabs
Suchitra Mohanty / Reuters:
India's Supreme Court orders the release on bail of journalist Mohammed Zubair, who was arrested last month for an allegedly “highly provocative” 2018 tweet — India's Supreme Court on Wednesday ordered the release on bail of a prominent journalist arrested last month over what police said was a …
Sara Fischer / Axios:
FaZe Clan, an esports collective of gamers and content creators, goes public via a $725M SPAC merger, less than the initial ~$1B proposed valuation — FaZe Clan, one of the largest global gaming companies, began trading publicly on the Nasdaq Wednesday, following its merger Tuesday …
Discussion:
Fast Company, Washington Post and The Verge, more at Techmeme »
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