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5:45 PM ET, January 18, 2023

Mediagazer

 Top News: 
Erin Woo / The Information:
Source: Twitter engineering manager Siddharth Rao told employees that daily revenue was 40% lower YoY and 500+ of the company's top advertisers 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 …
RELATED:
Erin Woo / The Information:
Source: Twitter's Q4 2022 revenue fell ~35% YoY to $1.025B, 72% of its Q4 goal; the company 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 …
New York Times:
Semafor plans to buy out Sam Bankman-Fried's roughly $10M stake and put the money into 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 …
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 …
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 …
Jon Brodkin / Ars Technica:
A California Superior Court judge throws out most of OANN's claims in a lawsuit filed in March 2022 over DirecTV dropping the network from its channel lineup  —  Judge denies OAN claim, says contract with DirecTV did not entitle it to renewal.  —  One America News Network's owner lost …
Discussion: Techdirt and Times of San Diego
Lauren Thomas / Wall Street Journal:
CoinDesk CEO says the outlet has retained Lazard to help it explore options including a partial or full sale after receiving “numerous” indications of interest  —  The company has ‘received numerous inbound indications of interest,’ CEO Kevin Worth said.  —  1x
Discussion: The Block and Talking Biz News
Rachel Russell / BBC:
The BBC apologizes after pre-match soccer commentary had audible porn clip noises playing on a mobile phone taped to the set; a YouTuber claimed responsibility  —  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.
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) …
Aisha Majid / Press Gazette:
Edelman November 2022 survey: 37% of people in the UK said they trusted the media, up from 35% in November 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.
 
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 More News: 
Andy Maxwell / TorrentFreak:
The European Commission invites stakeholders to share experiences and potential solutions under existing laws to combat piracy of live events via IPTV services
Chavi Mehta / Reuters:
Spotify, Deezer, Proton, and others write to Margrethe Vestager, demanding the European Commission take action against Apple's “unfair practices”, like IAP fees
Derrick Bryson Taylor / New York Times:
Harvard Medical School will no longer submit data to US News & World Report for the magazine's Best Medical Schools as the rankings create “perverse incentives”
Manish Singh / TechCrunch:
India proposes forcing social media companies to rely on the Press Bureau of India and its other agencies for fact checking, as part of amendments to IT rules
Discussion: MediaNama
Bron Maher / Press Gazette:
The New York Times appoints Adrienne Carter, the outlet's Asia editor since 2019, as its Europe editor, succeeding Jim Yardley, who was in the role since 2016
 Earlier Picks: 
Stephen Harrison / Slate:
A look at Wikipedia editors debating the use of ChatGPT, which some see as a useful drafting tool while others worry about bad actors creating fictional content
Harvey Solomon-Brady / whynow:
London-based media company whynow plans to re-launch CNN's YouTube channel Great Big Story in early 2023, licensing the brand from CNN International Commercial
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