Top News:
Rebecca Picciotto / CNBC:
Disney CEO Bob Iger says “everything is on the table” when it comes to Hulu, after sharing his plans to pare back the company'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.
Discussion:
@sherman4949, The Wrap, CNN, Variety, CBR, The Streamable, Fortune, @stevekovach, @scottgustin, @jbflint, IndieWire, @richlightshed, @aagave, @jyarow, The Hollywood Reporter, Media Play News, Deadline, Collider and Cord Cutters News
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Lillian Rizzo / CNBC:
Nelson Peltz drops his proxy fight after Disney unveils a reorganization, job cuts, and cost reductions: “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 …
Discussion:
The Wrap, New York Times, Bloomberg, SlashFilm, Axios, Financial Times, Los Angeles Times, Variety, Deadline, New York Post, The Information, Forbes and Media Play 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
Discussion:
The Wrap, Madison and Wall, @jbflint, The Week, Business Wire, @loudmouthjulia, CBR, @xpangler, @edmundlee, @thedeskdotnet, @thedeskdotnet, @richlightshed, @thedeskdotnet, @edmundlee, The Hollywood Reporter, Zacks Investment Research, Collider, NPR, SlashFilm, Front Office Sports, UPI, Next TV, IndieWire, The Wrap, Forbes, Observer, Screen Rant, CNBC and IGN, more at Techmeme »
Lauren Forristal / TechCrunch:
Disney ended 2022 with 161.8M Disney+ global subscribers, down 1% QoQ, its first drop since 2020's launch; Hulu had 48M and ESPN+ had 24.9M, both up 2% QoQ
Discussion:
The Streamable, MediaPost, @trengriffin, IndieWire, WORLD SCREEN, Rolling Stone, masslive.com and The Wrap
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
Discussion:
Forbes, The Hollywood Reporter, The Economist, Variety, Variety, Front Office Sports, Reuters, Advanced Television, Fast Company, @xpangler, @aagave, @brooksbarnesnyt, AdExchanger, Barrett Media, CNBC, Fortune, Above the Line, CBS News, CNN, The Verge, CNET, Adweek, Skift, Associated Press, The A.V. Club, IGN, The Guardian, Insider, IndieWire, Media Play News, New York Times, The Wrap, Los Angeles Times, Financial Times and Wall Street Journal
Sara Fischer / Axios:
Yahoo plans to lay off 20%+ of its workforce and restructure its ad tech unit, impacting 50%+ of the unit, or 1,600+ people; CEO says the cuts are “strategic” — Yahoo plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech unit, executives told Axios.
Discussion:
MediaPost, The Wrap, Variety, TechCrunch, CNBC, Reuters, The Information, @sdkstl, @sarafischer, @sarafischer and Bloomberg, more at Techmeme »
Brian Lowry / CNN:
The departures of James Corden, Trevor Noah, Conan O'Brien, Samantha Bee, and Desus and Mero signal the demise of the “later-night TV” genre — The anchors of late-night TV remain in place with Jimmy Fallon, Stephen Colbert and Jimmy Kimmel, the last having recently signed …
Discussion:
Forbes, @tvgrimreaper, @adamconover, @mametown, Deadline and New York Daily News
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 …
Discussion:
New York Times, Washington Post, CNN, U.S. Press Freedom Tracker, Mediaite, The Wrap, @newsnation, @newsnation, @newsnationpr, The Desk, Committee to Protect …, TMZ.com, WKBN-TV, @axios, @newsnation, @annalysagayle, @joshtpm, @joshtpm, @4lisaguerrero, UPI, @matthewkeyslive, @sarasidnercnn, Newser, @statter911, @kimberlyeatkins, @richmchugh, @jatara_, @theredrummedia, @newsnation, @allthingsnatsec, @brianstelter, @kaitlancollins, @davidpepper, @taylorpopielarz, @walterreports, Associated Press, HuffPost, Fox News, The Daily Beast, Deadline and FTVLive
Isobel Lewis / The Independent:
UK media watchdog IPSO plans to investigate Jeremy Clarkson's Sun column on Meghan Markle and publish the results, after receiving a record 25,100+ complaints — Press watchdog received more than 25,100 complaints about column — Culture secretary defends Jeremy Clarkson's ‘right to say what he wants’
Discussion:
The Guardian, @marionmain3, The Hollywood Reporter, Hacked Off, Deadline and @hackinginquiry
Jon Christian / Futurism:
After a physician found 18 errors, Men's Journal rewrites and adds a note to its first AI-written article and says “early experiments are a work in progress” — THE OWNERS OF SPORTS ILLUSTRATED AND MEN'S JOURNAL PROMISED TO BE VIRTUOUS WITH AI.
Semafor:
Sources: two investors looking to buy Forbes, India's Shiv Khemka and Silicon Valley's GSV, seek to rope in US investors to smooth CFIUS' approval of the deal — Fear of U.S. government scrutiny is holding up a deal to sell Forbes to a foreign buyer, leaving the company scrambling …
Discussion:
@semaforben and @semaforben
Mark Stenberg / Adweek:
Ad supply-side platform EMX and its parent company Big Village file for Chapter 11 bankruptcy; sources say EMX began struggling to pay partners in summer 2022 — The vendor, a subsidiary of Big Village, owed hundreds of thousands in unpaid revenue
Discussion:
BK Data, AdExchanger, Bloomberg Law and @markstenberg3
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 …
Discussion:
@jbenton, @jbenton, @katebevan, @froomkin, @froomkin, @karlbode, @domdifurio, @emilybell, @froomkin, NewsLab and GitHub
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 2023 — Sling TV, the internet-streaming division of Dish Network, is doubling down on free, ad-supported streaming television (FAST) …
Discussion:
Broadband TV News, CNET, The Streamable, The Desk, TechCrunch, Light Reading, Media Play News, The Hollywood Reporter and Cord Cutters News
Reuters:
Thomson Reuters reports Q4 revenue up 3% YoY to $1.765B, vs. $1.76B est., operating profit up 146% YoY to $631M, and Reuters News revenue up 7% YoY to $198M — Thomson Reuters Corp (TRI.TO) on Thursday reported higher-than-expected earnings in the fourth quarter, helped by cost cuts and gains …
Discussion:
Associated Press, Thomson Reuters and Talking Biz News
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