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, @vivian, @chrismoranuk, @apradhan1968, @mariaramirezny, @arusbridger, @apradhan1968 and @lexytopping
Matthew Doig:
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
Kyle Wiggers / TechCrunch:
Crunchbase has raised a $50M Series D led by Alignment Growth and says it attracts 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 »
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:
@haroon_siddique, @scottmstedman, @carolecadwalla, @catherine_mayer and @tomburgis
Knight Foundation:
The Knight Foundation announces $20K grants to 25 newsrooms to upgrade digital publishing tools; the program has provided $1.5M to 75 newsrooms over three years — Twenty-five newsrooms will receive $20,000 grants to deploy an improved publishing solution, in third year of Knight initiative in partnership with News Revenue Hub
Discussion:
MediaPost, @coachgharvey, @knightfdn, @knightfdn, @planetdetroit, @sfpublicpress and @berkeleyside
Ashley Wong / New York Times:
A profile of Hell Gate, a five-person news outlet in New York City owned by the writers; the site has launched paid subscriptions of $6.99 a month or $70 a year — After years of being put through the wringer of New York City media, five journalists created Hell Gate, the blog-style news site run on their terms.
Discussion:
@jangelooff, @wongalum, @wongalum, @wongalum, @christrobbins, @christrobbins, @dannygroner, @caseynewton and @maxrivlinnadler
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:
@marcduvoisin, @sewellchan, @charlottetklein and WFAA-TV
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:
@shentonstage, @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:
@thekenyeung, @parkerortolani, @backlon, Tubefilter, @youtubeliaison, Daring Fireball, @reneritchie, @reneritchie and @reneritchie
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
Josh Dzieza / The Verge:
A look at GPT-3-powered fiction writing tools like Sudowrite, which takes text and can propose plot twists, rewrite in specific tones, suggest metaphors, more — On a Tuesday in mid-March, Jennifer Lepp was precisely 80.41 percent finished writing Bring Your Beach Owl …
Discussion:
@sarahjeong, @kristenradtke, @mslopatto, @thelincoln, @jamesjyu, @reckless, @joshdzieza, @starfire2258, @jjvincent, @knguyen, @kristenradtke, @knguyen, @superamit, @dcseifert, @arnicas and @dhm
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, @hedgeyecomm, @tvmojoe, Forbes, 9to5Google, Variety, Bloomberg, iPhone in Canada Blog, @deggans, Music Ally, @deggans, @mylesudland, @jpodnos, @sherman4949, @sherman4949, @pkafka, @frankpallotta, @klendathucap, @carnage4life, @joshuaogundu, Ponte al día, @smartleverage, The Daily Wire, @cnbcovertime, @laurengoode, @lesliejosephs, @lesliepicker, @shruti_shekar, @samro, @variety, @lucas_shaw, @lucas_shaw, IndieWire, Protocol, New York Post, Fortune, Deadline, Deadline, Wall Street Journal and CBS News, more at Techmeme »
RELATED:
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:
Tom Merritt Tech Newsletter, @xpangler, @verge, Pocket-lint, 9to5Mac, Neowin, TechCrunch, The Verge, CNBC, TechRadar, Adweek, Polygon, Deadline, The Wrap and IndieWire, more at Techmeme »
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, @melstanfill, @broderick, @moorehn, @fka_tabs, @saba_h, @mathewi, Newslit Daily, @_richardhall, @tara_mulholland, bookforum.com and Today in Tabs
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