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2:00 PM ET, February 9, 2023

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 Top News: 
Todd Spangler / Variety:
Disney reports Q1 revenue up 8% YoY to $23.51B, vs. $23.37B est., direct-to-consumer revenue up 13% YoY to $5.3B, and operating loss rose $0.5B to $1.1B  —  Overall, Disney posted revenue of $23.51 billion (up 8%) and adjusted earnings per share of 99 cents for the quarter ended Dec. 31, 2022 (Disney's Q1 of fiscal year 2023).
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Lillian Rizzo / CNBC:
Nelson Peltz says his proxy fight against Disney is over following Disney's announced restructuring: “Disney plans to do everything we wanted them to do”  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Nelson Peltz declared the proxy fight between his firm …
Rebecca Picciotto / CNBC:
Bob Iger says “everything is on the table” when it comes to Hulu amid a discussion on his plans to pare back Disney's general entertainment content  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Disney CEO Bob Iger said Thursday that “everything is on the table” with streaming service Hulu.
Todd Spangler / Variety:
Disney cuts its workforce by 7,000, or 3.2% of its ~220,000 global headcount, as the company tries to save $5.5B in costs, including $2.5B in non-content costs
NewsNation:
NewsNation reporter Evan Lambert was freed from jail late February 8 after being arrested giving a live report at Ohio Governor Mike DeWine's press conference  —  EAST PALESTINE, Ohio (NewsNation) — A NewsNation reporter was released from jail late Wednesday after being arrested earlier …
Jon Christian / Futurism:
Men's Journal rewrites and adds a note to its first AI-written article after a probe found 18 errors in it and says “early experiments are a work in progress”  —  THE OWNERS OF SPORTS ILLUSTRATED AND MEN'S JOURNAL PROMISED TO BE VIRTUOUS WITH AI.
David Friend / Canadian Press:
Netflix rolls out its long-anticipated password sharing rules in Canada, New Zealand, Portugal, and Spain; other countries will be added in the next few months  —  Under new rules, premium and standard account holders will be given option to add extra members for $7.99 per month
Sarah Grevy Gotfredsen / Columbia Journalism Review:
Tow Center analysis: ~4,000 journalists at US outlets tweeted 3% less per day on average after Elon Musk's takeover; those at right-leaning outlets tweeted more  —  b  —  New research from the Tow Center for Digital Journalism into the habits of journalists on Twitter during …
Todd Spangler / Variety:
Dish's Sling TV rebrands Sling Free to Sling Freestream, which will carry 210 free channels, 41K on-demand titles, and expand further by the end of spring  —  Sling TV, the internet-streaming division of Dish Network, is doubling down on free, ad-supported streaming television (FAST) and free …
Wall Street Journal:
Sources: Warner Bros. Discovery plans to keep a standalone Discovery+ service after launching a streaming service that combines HBO Max and Discovery+ content  —  Move comes amid concerns that some Discovery+ subscribers might not want to move to upcoming pricier, bigger platform
 
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 More News: 
Glenn Peoples / Billboard:
South Korean music company HYBE acquires Atlanta-based QC Media Holdings, which runs the hip-hop label Quality Control Music, for $300M in cash and stock
Max Tani / Semafor:
Ozy, which imploded in 2021 and is facing US federal investigations over a misleading investor pitch, is raising money again, pitching itself as a “hip” brand
 Earlier Picks: 
Sarah Perez / TechCrunch:
Instagram expands Gifts, a monetization feature that lets fans tip Reels creators using its virtual currency Stars, to more US creators, after a test in 2022
Discussion: Meta
Jeremy Barr / Washington Post:
Over 200 staff represented by NBC News Digital's union walked off the job for 24 hours on February 9 to protest the outlet cutting seven union staff in January
Washington Post:
US House Oversight Committee members questioned three former Twitter executives about suppressing accounts, tweets, and the New York Post's Hunter Biden story
Angelina Chapin / The Cut:
Sources detail how ABC News office relationships between women and men with more seniority were common in the 2010s, after the T.J. Holmes and Amy Robach affair
Katie Robertson / New York Times:
The New York Times reports Q4 revenue up 12.3% YoY to $667.5M, 2022 revenue up 11.3% YoY to $2.3B, 2022 operating profit of $347.9M, and 9.6M paying subscribers
 

 
From Techmeme:

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson are retiring, and Jennifer Newstead, Meta's chief legal officer, will replace Adams in March

Shashwat Chauhan / Reuters:
The US CFTC announces that spot crypto asset contracts will begin trading for the first time on CFTC-registered futures exchanges

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities
 
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