Top News:
Anna Nicolaou / Financial Times:
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos — Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022 — Reed Hastings is stepping …
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Sarah Whitten / CNBC:
Netflix reports Q4 revenue up 1.9% YoY to $7.85B, $55M net income, down from $607M YoY, 231M paid memberships, adding 7.66M subscribers vs. 4.57M expected — - Netflix is scheduled to report fourth quarter earnings after the bell. — The streaming service's new ad-supported service will be in focus.
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Emma Roth / The Verge:
Netflix plans to roll out paid password sharing “more broadly” later in Q1 2023 and expects some “cancel reaction” before an improvement in overall revenue — The era of Netflix password sharing will soon come to a close. Netflix has plans to enforce password-sharing rules …
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Horowitz Research, SlashFilm, Vox, MacRumors, The Hollywood Reporter, @sherman4949, The A.V. Club, Gizmodo, Media Play News, CNET and The Streamable, more at Techmeme »
Meg James / Los Angeles Times:
New Mexico prosecutors charge Alec Baldwin and the armorer of the movie “Rust” with involuntary manslaughter for cinematographer Halyna Hutchins' on-set death — New Mexico prosecutors said they are filing felony criminal charges against actor Alec Baldwin and the armorer …
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Justin Baragona / The Daily Beast:
Right-wing YouTuber Steven Crowder, who has 5.94M subscribers on the platform, feuds with Ben Shapiro's The Daily Wire, which offered him a $50M four-year deal — Right-wing blowhard Steven Crowder is accusing Ben Shapiro's media empire of being in bed with Big Tech—fighting words that have ignited a heated public dispute.
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@willsommer, @willsommer, Mediaite, @espiers, @dpearsonphl, @_celia_bedelia_, Rolling Stone, @bmarchetich, Breitbart, @wajahatali, @maxkennerly, @moiradonegan, @willsommer, @bigmeaninternet, @yc, @bernybelvedere, @jbouie, @femme_thoughts, @lukeobrien, @designmom, @donmoyn, @jasonscampbell, @harikunzru, @johnlray, @andreachalupa, @melissaryan and @rschooley
Wall Street Journal:
Nexstar reaches a multiyear deal to broadcast the Saudi Arabia-funded LIV Golf tour on The CW Network; until now, LIV events have been available online for free — Partnership will determine the Saudi-funded golf tour's financial viability — LIV Golf, the controversial Saudi-funded golf tour …
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Sportico, TVLine, Nexstar Media Group, Inc., Deadline, @jbflint, Bloomberg, CBS News, The Guardian, TVNewsCheck, The A.V. Club, @rynedennis, MediaPost, @jyarow, The Streamable, UPI, @brendon_wm, Financial Times, Awful Announcing, The Hill, @tvgrimreaper, Front Office Sports, @joshacarpenter, New York Post, Forbes, @crupicrupicrupi, The Hollywood Reporter, Los Angeles Times and Barrett Media
Chris Stokel-Walker / Nature:
Journal editors, researchers, and publishers are debating the place of AI tools like ChatGPT in published literature and whether they should be cited as authors — Chris Stokel-Walker is a freelance journalist in Newcastle, UK. — You can also search for this author in — PubMed Google Scholar
Financial Times:
Patreon, Substack, and other “passion economy” startups are cutting staff and abandoning fundraising plans; Dealroom: investments fell 75% YoY to $801M in 2022 — Once high-flying start-ups that serve online creators and influencers have been forced into a painful retrenchment …
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The Information, more at Techmeme »
Max Read / Read Max:
The most important thing a blogger can do to develop and retain an audience is to post regularly and frequently, as evidenced by Matt Yglesias' success — How to be a successful content entrepreneur — What is the secret to a successful career as a blogger/newsletter author/content creator?
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@matt_levine, @jhweissmann, @bencjacobs, @craigsilverman, @maura, @mattwright__, @niubi, @parismarx, @jonathanshainin, @matt_levine, @jfruh, @markberman, @sidhubaba, @mattyglesias, @lukeoneil47 and @gadyepstein
CNBC:
Sources: Vice Media restarts its sale process and is likely to fetch a price of below $1B, after potential bidders balked at an earlier price — - Vice Media is restarting its sale process after earlier interested bidders balked at the initial price tag, according to people familiar with the situation.
Discussion:
@sherman4949, @anthony and @sherman4949
Mark Stenberg / Adweek:
Ad revenue made up 15% of INN members' revenue in 2022, up from 3% in 2018; ~430 nonprofits made $66M in 2021 ad revenue vs. The New York Times' almost $500M — The business now represents nearly a third of total revenue for many — Although historically funded primarily by a mix …
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The Keyword
Sarah Perez / TechCrunch:
Wikimedia updates Wikipedia's design for the first time in over a decade, improving search, accessibility, the table of contents section, and language switching — Wikipedia, one of the world's top 10 most visited websites, and a resource used by billions every month, is getting its first makeover on the desktop in over a decade.
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@eggerdc, Engadget, @raju, Insider, Wikimedia Foundation, OnlyTech and Slate, more at Techmeme »
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