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Casey Newton / Platformer:
Instagram co-founders Kevin Systrom and Mike Krieger launch a waitlist for Artifact, an app with a personalized news feed that will let users discuss articles — EXCLUSIVE: Meet Artifact, a kind of TikTok for text — Kevin Systrom and Mike Krieger are back.
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@caseynewton, TechCrunch, @rebexxxxa, @harrymccracken, @jessicalessin, @obrien, @rafat, @fiene, @platformer, @larakate and @lmatsakis, more at Techmeme »
Leonard Downie Jr / Washington Post:
In interviews with 75+ journalists and media experts, a Washington Post ex-executive editor finds that newsrooms that move beyond “objectivity” can build trust — Leonard Downie Jr., a former executive editor of The Washington Post, is a professor at the Walter Cronkite School …
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Matt Tamanini / The Streamable:
Paramount Global plans to merge its Showtime streaming service with Paramount+'s ad-free tier later in 2023 and call the new offering Paramount+ with SHOWTIME — It's been a long time coming, but later this year, Paramount Global will finally fully integrate the streaming arm …
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Lesley Goldberg / The Hollywood Reporter:
Sources: Showtime has pulled short-lived shows from its streaming service, including American Gigolo, and is expected to let rights holders shop their series
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Next TV, Deadline, Variety, The Streamable, @majacobs, @snoodit, @thr, @willthelandman, @deggans, The A.V. Club, TVLine, Gizmodo, Collider and IndieWire
Hannah Murphy / Financial Times:
Sources detail Twitter's nascent moves to facilitate payments, a key to becoming a “super app”, as the company files for regulatory licenses across the US — Company has started applying for US state licences in bid for fresh revenues beyond advertising
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Insider, Fortune, @rakeshlobster, @financialtimes, The Indian Express, @digiphile, SiliconANGLE and Social Media Today
Jeffrey A. Trachtenberg / Wall Street Journal:
Penguin Random House CEO Madeline McIntosh is stepping down after four years, making her the third senior executive to leave PRH in the last two months — Madeline McIntosh is third top executive to leave company in past two months — Madeline McIntosh said she is stepping down as chief executive …
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Publishers Weekly, Observer, New York Times, The Bookseller and @sarahburnes
Corbin Bolies / The Daily Beast:
Sources detail the collapse of Insider's Washington DC bureau, launched in March 2020: steady staff exits and its head fired days before the 2022 US midterms — Back in 2020, Insider hyped a brand-new Beltway team aiming for impactful scoops. Three years later, that team has all but collapsed.
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Talking Biz News, The Rebooting, @thedailybeast, @jeremymbarr, @daisandconfused and @corbinbolies
Anna Nicolaou / Financial Times:
Spotify reports Q4 revenue up 18% YoY to €3.2B and a €270M loss, up from €39M YoY, as operating costs rose 44% YoY; paying subscribers were up 10M to 205M — Music streaming group adds subscribers but is hit by rise in operating expenses — Spotify's losses ballooned …
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Spotify, The Hollywood Reporter, Observer, Billboard, CNET, Variety, @carnage4life, The Verge and Spotify, more at Techmeme »
Anne Kauranen / Reuters:
Finnish, Norwegian, Danish, and Icelandic unions quit the IFJ, accusing the union of undemocratic practices, unethical finances, and other “corruptive activity” — Finnish, Norwegian, Danish and Icelandic unions will quit a global media federation on Tuesday in protest at …
Wall Street Journal:
If the US wins its antitrust Google case, a spinoff is more likely than a sale, valuing the ad businesses at tens of billions and giving advertisers more choice — If government prevails, an asset spinoff is thought to be more likely than a sale — Google spent the better part …
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@repjayapal, @davemorgannyc, @sosayslucia, @rr_edmonds, @matthewstoller and Gizmodo
Sarah Perez / TechCrunch:
Spotify has deployed Google's User Choice Billing in 140 markets globally, to reduce Play Store commissions; details on how much it is saving are confidential — In its fourth-quarter earnings, Spotify announced today its User Choice Billing program has now expanded to more than 140 markets worldwide …
David Satin / The Streamable:
NBCU source confirms Peacock has stopped offering its free tier to new subscribers, though it remains available to existing subscribers — Peacock will no longer offer their free tier for new subscribers, The Streamable has confirmed. Instead, new users who attempt to sign …
Kristin Robinson / Billboard:
How Rick Astley's lawsuit against Yung Gravy may affect interpolation, a technique that avoids the costly and lengthy process of getting rights to music samples — Re-recording classic tracks has become more common for financial and creative reasons, but the “Betty (Get Money)” case may give producers pause.
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