Top News:
Jonathan Vanian / CNBC:
Snap reports Q1 revenue down 7% to $989M, vs. $1.01B est., global DAUs up 15% YoY to 383M, vs. 384M est., and a $329M net loss, vs. $360M YoY; SNAP drops 15%+ — - Snap came in light on revenue and ARPU in its first-quarter earnings report. — The company said its “internal forecast” …
Discussion:
New York Times, PRWeek, MediaPost, @joshgerstein, Insider Intelligence, @carnage4life, Ad Age, @jscros, @danprimack, @levynews, @joshua_eaton, @s_m_i, Music Ally, Fast Company and Variety
Jim Waterson / The Guardian:
Richard Sharp resigns as BBC chair after months of mounting pressure over his role in helping Boris Johnson get a loan and handling of the Gary Lineker row — Investigation says Sharp broke rules on public appointments, creating ‘potential perceived conflict of interest’
Discussion:
New York Times, Financial Times, BBC, BBC, Deadline, @bbcbreaking, @ianclucas, Los Angeles Times, @jneill, @janemartinson, @craigoliver100, @lucympowell, @lewis_goodall, @arusbridger, @grouse_beater, @life_disrupted, @2015shaggy, @richardjmurphy, @edwinhayward, NPR, @marshadecordova, @thenewsagents, @eggsbened, @edwina_currie, @loxyflo, @tariqali_news, @wowestminster, @cstsher, The Wrap, @gralefrit, @kevin_maguire, @trevorw1953, The Sun, @bladeofthes, @writesbright, @gabriel_pogrund, Raw Story, @greenpartyjack, @sloughforeu, @johnkampfner, @rasmus_kleis, @itvnewspolitics, @amocs, @pippacrerar, Broadband TV News, Metro.co.uk, Bloomberg, Bloomberg.com, GOV.UK, The Desk, Variety, NBC 6 South Florida and The Hollywood Reporter
Josef Adalian / Vulture:
How Tubi, a free streaming service dedicated to the notion that no audience niche is too small to fill, won the internet's heart with 50K+ titles and 64M+ MAUs — How the weird, free streamer won the internet's heart. — In February, as roughly 110 million football fans sweated …
Discussion:
@rokhlk, @tvmojoe, @andrewjohnbundy, @paleofuture and The Hollywood Reporter
Reuters:
EU lawmakers push forward an AI Act draft, which includes requiring companies deploying generative AI tools to disclose copyrighted material used for training — Companies deploying generative AI tools, such as ChatGPT, will have to disclose any copyrighted material used to develop their systems …
Discussion:
@vanbergheneu, The Verge, @drnicka, @phat_controller, Light Reading and MediaNama, more at Techmeme »
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Ashley Carman / Bloomberg:
On earnings calls, Spotify's Daniel Ek says generative AI should lead to more music creation but, like UMG's Lucian Grainge, raises copyright concerns — Hello and welcome back to Soundbite. Today we have a grab bag of news. As always, if you have something to share, reach me through email …
Discussion:
@mlamons1 and Music Business Worldwide
Alexandra Bruell / @alexbruell:
The New York Times is using a new format that breaks down some news articles into sections like “Why It Matters” — Mini scoop: The New York Times is using a new format that breaks down some news articles into sections, such as “Why It Matters.” Feels very Axios. Here's an example https://www.nytimes.com/...
Discussion:
@rzhongnotes, @tunkuv, @angelmendoza___, @joshtpm, @casapazzo, @ndhapple, @seungylee14, @bigmeaninternet, @lordravenscraft, @daveweigel, @mcwm, @mattzeitlin, @alexbruell, @trevormail, @ali_gharib, @metzgov, @macfathom, @shawnmccreesh, @juliaonjobs, @wakeup2politics, @vidiot_, @blueboxdave and @dceiver
Matthew Keys / The Desk:
Sinclair is replacing local newscasts at Toledo's WNWO and Southern Oregon's KTVL with The National Desk, and laying off their entire newsrooms — Sinclair Broadcast Group is pulling local news from its Toledo NBC affiliate, a move that was described as a way to “ensure our long-term success.”
Discussion:
OPB, @blackamazon, FTVLive, @ccolin, @mjmckean, @thedeskdotnet and Cord Cutters News, Thanks:@matthewkeyslive
Angie Drobnic Holan / Nieman Lab:
Q&A with Mark Coddington and Seth Lewis about RQ1, their newsletter spotlighting academic research about journalism, its audience, fact-checking, and more — “It's the inherent instability in the space that makes it so fascinating to many researchers.”
Discussion:
@niemanlab and @janebsinger
Aisha Majid / Press Gazette:
Advertising Association/WARC: UK ad spend grew 8.8% YoY to £34.8B in 2022 and fell 1% YoY to £1.88B across news and magazines, of which £937M was online, up 2% — AA/WARC data reveals overall UK ad spend grew in 2022 although spending on news fell slightly.
Discussion:
@pressgazette and What's New in Publishing
Todd Spangler / Variety:
Filing: Roku Media President Charlie Collier's 2022 compensation package was worth $53.3M, with $1.075M in base salary; CEO Anthony Wood's compensation was $21M — Charlie Collier, who joined Roku last fall as president of its newly created media division, had a compensation package worth $53.3 million …
Discussion:
The Desk, Deadline, The Hollywood Reporter, @davezatz and The Wrap
Gavin J Blair / The Hollywood Reporter:
Sony Pictures reports FY 2022 operating income down 45% YoY to ~$894M, revenue down by ~$851M, and Q4 operating income up 40% YoY to ~$119M on ~$2.71B revenue — Sony's movie division was hurt by a lack of big hits and one-off gains, while music and sensors businesses continue to thrive.
Discussion:
Reuters, Billboard and Deadline, more at Techmeme »
Alex Weprin / The Hollywood Reporter:
The NBA's Phoenix Suns sign a broadcast deal with Gray Television and a streaming deal with Kiswe, bringing the games to 2.8M+ households, triple the old RSN — All local Suns and Mercury games will air on broadcast TV, with a paid streaming option for cord-cutters.
Discussion:
The Desk, Sportico, Sports Business Journal, Axios, The Streamable, CNBC, Awful Announcing, Front Office Sports, Next TV, Barrett Media and The Athletic
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