Mediagazer: Q&A with Media 2070's founding director Alicia Bell and campaign manager Venneikia Williams on the project's origins, media reparations for racism, and more (Tamar Sarai/Nieman Lab)

6:30 AM ET, February 10, 2023

Top News:

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: @aripap, CNBC, Reuters, CBS News, @sdkstl, CNET, @dez_blanchfield, The Information, Transistori, Engadget, @sarafischer, @sarafischer, UPI, New York Daily News, MediaPost, The Wrap, Fortune, Deadline, Variety, TechCrunch and Bloomberg, more at Techmeme »

Alex Weprin / The Hollywood Reporter:

News Corp plans to cut its headcount by ~5%, or ~1,250 positions, by the end of 2023 and says the company is still in talks to sell its digital real estate unit — The owner of The Wall Street Journal and Dow Jones was impacted by a difficult economic environment.

Discussion: Australian Financial Review, Variety, Wall Street Journal, @mvpeers, CNBC and The Wrap

Reuters:
News Corp Q2: revenue down 7% YoY to $2.52B, vs. $2.55B est., net income down 64% YoY to $94M, book publishing revenue down 14%, and news media revenue down 9%

Discussion: News Corp, @pressgazette, Sydney Morning Herald, The Guardian and MediaPost

New York Times:

After a three-month strike, the HarperCollins union and the company reach a tentative deal that includes increasing minimum salaries and a one-time $1,500 bonus — After a three-month strike, the two parties reached a tentative deal that includes wage increases and a one-time bonus.

Discussion: Associated Press, @hcpunion, @liz_a_harris, Wall Street Journal, @maureenjohnson and The Bookseller

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: New York Times, El País, Axios, The Wrap, Bloomberg, Financial Times, SlashFilm, Deadline, New York Post, The Information, Forbes, Los Angeles Times, Variety and Media Play 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, @stevekovach, The A.V. Club, Deadline, @aagave, @jyarow, @scottgustin, @jbflint, @richlightshed, CBR, CNN, IndieWire, Fortune, Variety, The Streamable, The Hollywood Reporter, Media Play News, Collider, Cord Cutters News and Variety

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.

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: @marionmain3, @hackinginquiry, Hacked Off, Deadline, The Guardian and The Hollywood Reporter

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, @markstenberg3 and Bloomberg Law

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: @risj_oxford, @jackshafer, @semaforben and @semaforben

Scott Mendelson / The Wrap:

Lionsgate reports Q3 revenue up 13% YoY to $1B and $16.6M net income, vs. a $45.6M net loss YoY, and 35.1M Starz subscribers, or 33M without Starzplay Arabia — Lionsgate, the Santa Monica studio and owner of the Starz cable network, came in well above market expectations as it reported results for its third quarter Thursday.

Discussion: Variety, Advanced Television, Media Play News, @danrayburn and Lionsgate

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: @adamconover, @mametown, @tvgrimreaper, Forbes and New York Daily News

Tamar Sarai / Nieman Lab:

Q&A with Media 2070's founding director Alicia Bell and campaign manager Venneikia Williams on the project's origins, media reparations for racism, and more — It's said that journalism is the first rough draft of history, but journalists also shape present-day realities.

Discussion: @spj_tweets

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More News:

Jenna Burrell / Poynter:
Journalists must challenge the notion that AI tools like ChatGPT will replace humans, as finding the truth is trickier than having data and the right algorithm

Discussion: @jennaburrell, @datasociety, @spj_tweets, @poynter, @mike_salter and Insider

Bron Maher / Press Gazette:
Analysis: 27 of the highest earning Substack newsletters generate at least $22M in annual revenue together; at least five of them make $1M annually each

Discussion: Media Voices, @mikeorren, @pressgazette, Empowered Way, @jackmarshall, Quillie's Substack, @robinwigg and Hassan's Substack

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

Discussion: Thomson Reuters, Associated Press and Talking Biz News

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

Discussion: Advanced Television, Fast Company, CNET, Media Play News, Broadband TV News, The Streamable, Light Reading, The Desk, TechCrunch, The Hollywood Reporter and Cord Cutters News

Mike Masnick / Techdirt:
Judges including Clarence Thomas propose weakening free speech defenses from 1964's New York Times v. Sullivan case; Congress should pass the defenses into law

Discussion: @matthewschafer and @freedomofpress

Earlier Picks:

Glenn Peoples / Billboard:
South Korean music company HYBE acquires Atlanta-based QC Media Holdings, which runs the hip-hop label Quality Control Music, for $250M cash and $50M in stock

Discussion: @kakepop3, @sb_projects, New York Times, TMZ.com, Vibe, Complete Music Update, Music Business Worldwide, Variety, Rolling Stone, The Hollywood Reporter and Digital Music News

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

Discussion: @jbenton, @katebevan, Jamlab, @jbenton, @froomkin, @froomkin, @karlbode, @domdifurio, @emilybell, @froomkin, NewsLab and GitHub

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

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

Discussion: About Netflix, CNN, Insider, Eurogamer.net, CBS News, Engadget, @the_alih, Broadband TV News, TechRadar, @ibogost, @dfriend, Fortune, @netflix_ca, @sherman4949, Media Play News, The Wrap, CNBC, Los Angeles Times, Deadline, Reuters, The Hollywood Reporter, Canadian Press and The Verge

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

Discussion: @justinbaragona, Press Pass, Rolling Stone, @noahbookbinder, Mediaite, Outspoken with Dr Naomi Wolf, The Hill, Mashable, Reclaim The Net, @noahshachtman, Fox News, New York Post, Reuters, @robertmaguire_, Media Matters for America, COVID Intel, USA Today, @willoremus, @digiphile, New York Times, The Washington Current, Vanity Fair, @rvawonk, @goldman, @parismarx, New York Daily News, @donmoyn, @atrupar, @jonathanturley, @jonathanturley, @jonathanturley, @jonathanturley, @digiphile, @mlcalderone, @girlsreallyrule, New York Magazine, @juddlegum, @wesleylowery, @rob_sheridan, @parkermolloy, @viacristiano, @viacristiano, CBS News, @digiphile, @reppatfallon, @willoremus, Reason, NBC News, @sulliview, NewsNation, Mother Jones, @yoyoel@macaw.social, Deadline, Las Vegas Review-Journal, NPR, Boing Boing, HuffPost, The Daily Beast, @alex@cybervillains.com, Politico and UPI

From Techmeme:

Elizabeth Lopatto / The Verge:
A US judge sentences Binance founder Changpeng Zhao to four months in prison for failing to establish adequate anti-money laundering protections

Amazon:
Amazon reports Q1 revenue up 13% YoY to $143.3B, a $10.4B net income, vs. $3.2B YoY, $15.3B operating income, vs. $4.8B YoY, subscription sales up 11% to $10.7B

Jesse Hamilton / CoinDesk:
The House Financial Services Committee Chairman Patrick McHenry accuses Gary Gensler of misleading Congress on the SEC's position on whether ETH is a security

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