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5:35 PM ET, April 28, 2023

Mediagazer

 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” …
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’
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 …
RELATED:
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 …
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/...
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 …
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.
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.
 
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 More News: 
Blake Brittain / Reuters:
Filing: Triller agrees to pay Sony Music $4.5M+ to settle claims that Triller breached a 2016 contract covering its use of musicians' songs on the platform
Peter White / Deadline:
Scott Greenberg, co-founder and CEO of Fox-owned animation studio Bento Box Entertainment and CEO of Fox's Blockchain Creative Labs, is leaving on May 19
Discussion: Variety and The Wrap
Raisa Patel / Toronto Star:
Canada's Online Streaming Act passes its final Senate vote; the law requires streaming services to support Canadian content and gives the CRTC regulatory power
Paul Farhi / Washington Post:
Photos of President Biden holding a notecard previewing a reporter's question reveal the long-standing practice of stage-managing presidential news conferences
 Earlier Picks: 
Ellen Huet / Bloomberg:
Clubhouse plans to lay off 50%+ of its employees and “reset” the company, despite claiming to have “years of runway”; Clubhouse had ~100 staff in October 2022
Carmel Dagan / Variety:
Jerry Springer, the former news anchor and mayor who presided over the controversial and profitable talk show bearing his name for over two decades, dies at 79
Jeremy Barr / Washington Post:
CNN replaces John King with Dana Bash as the host of Inside Politics, the first time she will host her own daily show after nearly 30 years at the network
Zack Sharf / Variety:
In an April 26 video, Tucker Carlson issued a vague statement about “how unbelievably stupid most of the debates” on TV are and that “true things prevail”