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 …
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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 …
Discussion:
@ianvisits, @charlesarthur, Engadget, @awprokop, New York Post, @amir, @lauramandaro, @yoda, @mvpeers and @erinkwoo
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 …
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:
@jdickerson and @jimrutenberg
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 …
Discussion:
Axios, @kimmasters, @alexweprin, Variety, @scottgustin, @loudmouthjulia, @kimmasters, @alexweprin, @farhip, @farhip, Quartz, Investis Digital, CNBC, The Daily Beast, Los Angeles Times, Bloomberg, New York Times, MediaPost, Axios and Deadline
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
Digiday:
Similarweb: Twitter referral traffic to a dozen major outlets fell 12% on average between November and December 2022; traffic to the New York Post and Fox grew — Under the leadership of Elon Musk, Twitter's role as a traffic referral source to publishers' sites is largely declining.
Discussion:
Nieman Lab, @mattnavarra, @martyswant and @anthony
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.
Discussion:
@garylineker, The Sun, @_grimanditweets, The Wrap, Daily Mail, New York Post, @caitlinlfcx, Bloomberg, @o2, @chris_stark, Daily Mail, Sky News, mirror, The Verge, NME, Newser, The Indian Express, The Guardian, Mediaite, TMZ.com, Deadline and Awful Announcing
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) …
Discussion:
@maracepeda, @caoilfhionnanna, @_lorenzpasion, Rappler, New York Times, Committee to Protect …, Washington Post, @mcaruanagalizia, @ranaayyub, @indayevarona, @sulliview, @pressfreedom, MDIF, @jason_kint, @ambmellbin, @fereshtaabbasi, Semafor, @julieposetti, @lpolgreen, @pearsonelaine, @rosental, @rapplerdotcom, @thedawnchang, Agence France-Presse, @jerstrucked, @jodieginsberg, @cdeloire, @marietjeschaake, @rapplerdotcom, @condehrw, @rapplerdotcom, UPI, @momblogger, @rapplerdotcom, @brooklynmarie, @moveph, @momblogger, The Guardian, Voice of America, Bloomberg, The Indian Express, Reuters and Al Jazeera
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.
Discussion:
Journalism.co.uk, @briancathcart, @gem_ste, @drevanharris, @pippybing, @michellemanafy and @mattnavarra
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