Top News:
Erin Woo / The Information:
Source: Twitter manager Siddharth Rao told employees that daily revenue was 40% lower than a year earlier and more than 500 top advertisers have paused spending — A senior Twitter manager told employees that the company's daily revenue on Tuesday was 40% lower than the same day a year ago …
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Erin Woo / The Information:
Source: Twitter's Q4 2022 revenue fell ~35% YoY to $1.025B, 72% of its internal goal for Q4; it hopes to generate $732M in Q1 2023, which would be down 39% YoY — Twitter's fourth quarter revenue fell about 35% year over year to $1.025 billion, a top ad executive revealed at a staff meeting Wednesday …
Discussion:
@amir, @yoda, @lauramandaro, @mvpeers and @erinkwoo
New York Times:
Semafor plans to buy out Sam Bankman-Fried's roughly $10M stake, putting the money in a separate account; the investment was Semafor's largest in a ~$25M round — Semafor is one of several media companies that received money from Mr. Bankman-Fried or his affiliates before his cryptocurrency …
Discussion:
Insider, Observer, New York Post, The Information, Financial Times, @jeffjohnroberts, @historyned, @eduardosuarez, @pressgazette, @dicktofel and @benmullin
Lian Buan / Rappler:
A Philippine tax court acquits Maria Ressa and Rappler of four tax evasion charges filed in 2018, leaving three active court cases against Ressa and Rappler — This is breaking news. Please refresh for more details. — MANILA, Philippines - The Philippines' Court of Tax Appeals (CTA) …
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New York Times:
Sources: the GOP is in talks with CNN, ABC, CBS, NBC and Fox, along with niche networks like Newsmax and NewsNation, about hosting presidential primary debates — Conversations between R.N.C. officials and television executives signal that the contours of the Republican nominating contest are shaping up.
Discussion:
Fox News and @jimrutenberg
The Hollywood Reporter:
A look at Disney's board power struggle and how investor Nelson Peltz lobbied for a seat since July 2022 with help from former Marvel executive Ike Perlmutter — As activist shareholder Nelson Peltz presses a long-shot fight for a seat on Disney's corporate board, with help …
Discussion:
Axios, @kimmasters, @alexweprin, @scottgustin, Investis Digital, @farhip, Quartz, @loudmouthjulia, @farhip, @kimmasters, @alexweprin, CNBC, The Daily Beast, Los Angeles Times, Bloomberg, New York Times, MediaPost, Variety, Axios and Deadline
Sarah Perez / TechCrunch:
TikTok expands its “state-controlled media” label to over 40 markets globally, including the US and China, after a pilot in Russia, Ukraine, and Belarus in 2022 — TikTok today announced it's expanding its “state-controlled media” label to over 40 more global markets …
Rachel Russell / BBC:
The BBC apologizes after noises from a porn clip were audible during pre-match soccer commentary; a mobile phone playing the noises was found taped to the set — Match of the Day presenter Gary Lineker has laughed off the moment sex noises transmitted by a YouTube prankster disrupted the show's live coverage.
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Digiday:
Similarweb: Twitter referral traffic to major publishers declined by 12% on average between November and December 2022; traffic to the NY Post and Fox increased — Under the leadership of Elon Musk, Twitter's role as a traffic referral source to publishers' sites is largely declining.
Discussion:
@anthony, @mattnavarra and @martyswant
Aisha Majid / Press Gazette:
Edelman 2022 survey: 37% of people in the UK said they trusted the media, up from 35% in 2021, compared to 43% in the US, up from 39% YoY — Data shows trust in the media increased in the US and the UK but there is little faith in the industry. — The UK and the US were just two of six countries …
Discussion:
@pippybing, @briancathcart, @gem_ste, @drevanharris, @michellemanafy, @mattnavarra and Insider
Manish Singh / TechCrunch:
India proposes making social media companies rely on the Press Bureau of India and its other agencies for fact checks, as part of amendments to its IT rules — The Indian government has proposed making the Press Bureau of India and its other agencies the arbiter of truth on what information …
Discussion:
MediaNama
Patrick Brzeski / The Hollywood Reporter:
China schedules Black Panther: Wakanda Forever for February 7 and Ant-Man and The Wasp: Quantumania for February 17, ending an informal Marvel ban since 2019 — The tentpoles, both releasing in China in February after Chinese New Year, will be the first Marvel/Disney releases …
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BBC, Deadline, Variety Australia, Collider, SlashFilm, Insider and Screen Rant
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