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10:20 AM ET, February 3, 2023

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 Top News: 
Todd Spangler / Variety:
YouTube's ad revenue dropped 7.8% YoY from $8.63B to $7.96B in Q4, below analyst estimates of $8.2B  —  Alphabet, parent company of Google and YouTube, turned in fourth-quarter 2022 earnings that missed analyst estimates, as YouTube's ad revenue again notched a year-over-year decline.
RELATED:
Thomas Maxwell / Insider:
YouTube Shorts has surpassed 50B daily views, up from 30B in April 2022; YouTube began sharing ad revenue with Shorts creators starting February 1  —  - YouTube Shorts now sees more than 50 billion daily views, up from 30 billion the year prior.  — The short-form video format was launched in 2021 as a response to TikTok.
Discussion: MediaPost and TechCrunch
Annie Palmer / CNBC:
Amazon reports Q4 advertising services revenue grew 19% YoY to $11.56B, vs. $11.38B est., and subscription services revenue grew 13% YoY to $9.19B  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Amazon reported earnings after the bell.  Here are the results.  — Earnings: $1.39 per share
Alex Weprin / The Hollywood Reporter:
Amazon reports spending $16.6B on content in 2022, up 28% YoY, of which about $7B went to originals, live sports, and licensed content included with Prime  —  The expenses related to video and music content were up 28 percent from 2021, when the tech giant spent $13 billion.
Alexandra Bruell / Wall Street Journal:
Sports Illustrated publisher Arena Group says it is working with AI startups Jasper and Nota to help produce articles and pitch potential topics to journalists  —  Arena Group uses the technology to help produce Men's Journal pieces such as workout tips  —  The publisher of Sports Illustrated …
Jess Weatherbed / The Verge:
YouTube rolls out “Go Live Together”, which lets creators with 50 or more subscribers co-host livestreams with one guest at a time, on its iOS and Android apps  —  YouTube is rolling out a collaboration feature that allows two users to livestream together.
Discussion: Engadget, Insider and 9to5Google
Jesse Whittock / Deadline:
BFI: production spend in the UK's high-end TV and film industries reached a record £6.3B in 2022, of which 86% came from international streamers and studios  —  Production spend in the UK high-end TV (HETV) and film industries reached a record £6.3BN ($7.8BN) in 2022, BFI statistics released today reveal.
Discussion: Variety and The Hollywood Reporter
Jim Friedlich / Nieman Reports:
About two dozen current and prospective journalism funders and practitioners met to work on a roadmap for US local news, encouraging more funding collaborations  —  A gathering of current and prospective journalism funders and practitioners seeks to reinvent local news as civic information in service of communities
Mandy Dalugdug / Music Business Worldwide:
Los Angeles-based Shamrock Capital raises $600M+ for its third equity fund to invest in film, television, music, video games, sports rights, and other content  —  Los Angeles-based investment company Shamrock Capital has raised more than $600 million in commitments for its third equity fund …
Discussion: Wall Street Journal and Billboard
Ted Johnson / Deadline:
The White House Correspondents' Association announces The Daily Show's Roy Wood Jr. will host its annual dinner on April 29, saying he has “a journalistic eye”  —  Roy Wood Jr. will be this year's featured entertainer at the White House Correspondents' Association's annual dinner on April 29.
 
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 More News: 
Matthew Keys / The Desk:
The owners of 160+ local CBS affiliates pull their signals from FuboTV after its parent company Paramount excluded them from retransmission fee negotiations
Thanks:@thedeskdotnet
Todd Spangler / Variety:
Apple reports Q1 revenue for its Services segment, which includes Apple TV+ and Apple Music, grew 6.4% YoY to $20.8B, a quarterly record but with slower growth
Aisha Majid / Press Gazette:
An analysis of 68 news domains: 45 ranked worse in UK Google search results in January 2023 vs. January 2022; those with non-news content saw the biggest gains
 Earlier Picks: 
TechCrunch:
Twitter plans to discontinue free access to its API starting on February 9, ending support for both v1.1 and v2, and launch a “paid basic tier” instead
Mia Sato / The Verge:
Some former CNET employees describe Red Ventures breaking down traditional barriers between editorial and advertising and pressuring them to change stories
Mizanur Rahman / Houston Landing:
Houston Landing, a free, independent, nonpartisan, nonprofit, digital-only news outlet, which raised a $20M seed in 2022, announces a spring website launch
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Paresh Dave / Wired:
Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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