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1:05 PM ET, February 13, 2023

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 Top News: 
Max Tani / Semafor:
A look back at Spotify betting hundreds of millions of dollars on podcasts, which CFO Paul Vogel says were a “big drag on our business in 2022”  —  By 2021, Spotify had paid to sign some of the biggest names in podcasting, and it was ready to start squeezing its competitors.
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Semafor:
Sources: Naguib Sawiris, the Egyptian billionaire who sold Euronews in 2021, plans a Dubai-based global business news outlet later in 2023 or early 2024  —  The American Super Bowl, kicking off shortly, is also Madison Avenue's Super Bowl.  And one of the biggest advertisers' goal …
Discussion: New York Post
Tiffany Hsu / New York Times:
How a slowing digital ad market, Apple's ATT changes, tech companies' internal turmoil, weak content moderation, and more are contributing to a junk ad epidemic  —  Scrolling past ads has rarely been enjoyable.  But in recent months, people say the experience seems so much worse.
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Jonathan Vanian / CNBC:
Meta's ad targeting restrictions and Amazon's ad product investments are leading brands to shift their budgets to Amazon; Amazon's ad unit grew 19% YoY in Q4  —  - Facebook's more limited targeted capabilities coupled with Amazon's investment in ads products is leading a growing number of brands to shift their ad budgets.
David Folkenflik / NPR:
Sources: reporter Amelia Knisely's WVPB dismissal came after years of pressure on the station by Gov. Jim Justice's administration and some state legislators  —  Late last fall, West Virginia Public Broadcasting's Amelia Ferrell Knisely reported one story after another about allegations …
Seth Mydans / New York Times:
Cambodia PM Hun Sen orders the closure of the Voice of Democracy, one of the country's last independent outlets, intensifying a long-running media crackdown  —  The leader, Hun Sen, was not satisfied with an apology he received from the outlet after it wrote about his son, a lieutenant general.
Charlotte Van Campenhout / Reuters:
An advertising joint venture by Deutsche Telekom, Orange, Telefonica, and Vodafone to rival Meta and Google wins unconditional EU antitrust approval  —  Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and Vodafone (VOD.L) on Friday secured unconditional EU antitrust approval …
Wired:
Publishers worry that Microsoft's and Google's search chatbots, which summarize key info from articles, may undermine their businesses and spread misinformation  —  Microsoft's new search interface can serve up key information from articles, removing the need to click—and potentially undermining publisher business models.
Ben Mullin / @benmullin:
In a staff email, Washington Post publisher Fred Ryan says the paper does not “anticipate further job eliminations at this time”  —  Washington Post publisher Fred Ryan says he doesn't expect additional layoffs in staff email: https://twitter.com/...
 
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 More News: 
The Guardian:
UK DCMS Committee report: BBC chairman Richard Sharp made “significant errors of judgment” by not publicly divulging that he facilitated a Boris Johnson loan
Clare Duffy / CNN:
Pathmatics estimates the monthly revenue from Twitter's top 1,000 advertisers fell 60%+ from around $127M in October 2022 to just over $48M by January 25, 2023
Louise Matsakis / Semafor:
Sources: TikTok's Internal Audit team that spied on journalists had wide investigative powers with little oversight; ByteDance says it's restructuring the team
 Earlier Picks: 
Alex Williams / New York Times:
Marianne Mantell, who co-founded Caedmon, a groundbreaking label that issued recordings of writers reading their words, the precursors to audiobooks, dies at 93
Harry Lambert / New Statesman:
A look at the UK's Evening Standard and Independent under owner Evgeny Lebedev; while the Indy is profitable, the media outlets have lost £150M over 11 years
Christopher Palmeri / Bloomberg:
Sources: Fox turned down $2B+ unsolicited offers for Tubi, which the company acquired for $440M in 2020; Tubi lost ~$50M in Q4 and grew sales 25% YoY to $200M+
Taylor Lorenz / Washington Post:
Report: ads next to tweets from 10 extremist Twitter accounts restored by Musk generate enough engagement to likely bring in $19M in ad revenue annually
 

 
From Techmeme:

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

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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