Mediagazer: McClatchy names Miami Herald and el Nuevo Herald Executive Editor Monica Richardson as VP of News for Large Markets; Alex Mena will replace her in the interim (Miami Herald)

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.

Discussion: CNBC, Music Ally, The Information, The Verge, Deadline and The Hollywood Reporter, more at Techmeme »

Jon Swartz / MarketWatch:

Alphabet reports Google advertising revenue down 4% YoY from $61.2B to $59B, below analyst estimates of $60.4B, and Google Search revenue down 2% YoY to $42.6B — Alphabet Inc.'s stock initially slipped in extended trading Thursday after it missed slightly on revenue and earnings in a ho-hum quarterly result.

Discussion: Alphabet, Reuters, Skift, Fast Company, SiliconANGLE, TVNewsCheck, The Wrap and 9to5Google, more at Techmeme »

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

Discussion: Amazon, Digiday, Fast Company, CNET, Forbes, Variety, Barron's Online, The Hollywood Reporter, Footwear News and Wall Street Journal, more at Techmeme »

Erin Woo / The Information:

Source, document, and emails: PepsiCo and Anheuser-Busch have committed to spending $3M+ and $2.4M, respectively, on Twitter takeover ads during the Super Bowl — After weeks of turmoil and layoffs, Twitter's sales team in recent weeks has reorganized to focus more on big advertisers …

Discussion: Wall Street Journal, TechCrunch, @shortingisfun and The Drum

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 …

Discussion: Business Wire, The Verge, @lilyraynyc, @jjvincent and @alexweprin

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

Discussion: @agolis, Nieman Lab, @davidclinchnews, @kdoctor, @nancygibbs, @freepress, @ckrewson, @jimfriedlich and Free Press

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.

Discussion: Vanity Fair, Vibe, White House Correspondents …, @randallwoodfin, @bevysmith, The Hollywood Reporter, @tamarakeithnpr, @warondumb, @tiareports, The Hill, New York Daily News, The Wrap and CNN