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1:35 PM ET, February 3, 2023

Mediagazer

 Top News: 
Alexandra Bruell / Wall Street Journal:
Sports Illustrated publisher Arena Group is working with AI startups Jasper and Nota to help produce articles from its own content library and pitch journalists  —  Arena Group uses the technology to help produce Men's Journal pieces such as workout tips  —  The publisher of Sports Illustrated …
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:
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
Emily Leedham / PressProgress:
Canada's Overstory Media Group, which presented itself as a local news savior and set a goal of hiring 250 journalists by 2023, has 22 journalists after layoffs  —  Journalists question Overstory Media Group's commitment to local news after gutting flagship Capital Daily's newsroom
Discussion: Ricochet
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
Scott Roxborough / The Hollywood Reporter:
Q&A with CEO of FilmRise Danny Fisher, the largest independent content provider to AVOD services, on finding undervalued shows, his business model, and more  —  By betting big, and early, on the potential of advertising-backed streaming, Danny Fisher has grown the firm from a Brooklyn basement startup into a major digital presence.
Alex Weprin / The Hollywood Reporter:
Amazon reports content spending up 28% YoY to $16.6B in 2022, of which ~$7B went to originals, live sports, and licensed third-party 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.
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
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
 
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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
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