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” …
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New York Times, PRWeek, MediaPost, @joshgerstein, Insider Intelligence, @carnage4life, @jscros, @danprimack, @levynews, @joshua_eaton, @s_m_i, Ad Age, Music Ally, Fast Company and Variety
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
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 his 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
Alexandra Bruell / @alexbruell:
The New York Times is using a new format that breaks down some news articles into sections like “Why It Matters” and has told some reporters to shorten stories — 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:
@joshtpm, @rzhongnotes, @casapazzo, @ndhapple, @seungylee14, @bigmeaninternet, @lordravenscraft, @daveweigel, @mcwm, @mattzeitlin, @alexbruell, @trevormail, @ali_gharib, @metzgov, @macfathom, @shawnmccreesh, @juliaonjobs, @wakeup2politics, @tunkuv, @vidiot_, @blueboxdave, @dceiver and @angelmendoza___
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, @drnicka, The Verge, @phat_controller, Light Reading and MediaNama, more at Techmeme »
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
@hearstunion:
[Thread] WGA East members at Hearst Magazines announce they have a union contract, subject to a ratification vote starting next week, after months of bargaining — BREAKING NEWS: We have reached a deal! Details tk, but we're so proud of our awesome bargaining committee, @WGAEast organizers and staff, and our entire unit for reaching a historic win not just for @Hearst but for the entire media industry. Hearst has a union contract, world! https://twitter.com/...
Discussion:
@joshgondelman, @tamara_fuentes, @evanromano, @laurpuckett, @dominicknero and @sesmith
Matthew Keys / The Desk:
Sinclair Broadcast Group 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
Rachel Treisman / NPR:
An interview with comedian and Daily Show correspondent Roy Wood Jr., the host of the White House Correspondents' Dinner on April 29, on the news cycle and more — Some of the biggest names in politics and media will gather in Washington, D.C., Saturday night for the White House Correspondents' Dinner …
Discussion:
Washington Post, @omriceren, @vdarejamesk, @politico, @cnn, @deggans, Politico, Deadline, The Hill, The Wrap, CBS News and The Hollywood Reporter
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 $53.3M, including a $1.075M base salary, compared to $21M for CEO Anthony Wood — 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
Ashley Carman / Bloomberg:
Earnings calls: Spotify CEO Daniel Ek says generative AI should lead to more music creation but, like UMG Lucian Grainge, says AI might cause copyright disputes — Hello and welcome back to Soundbite. Today we have a grab bag of news. As always, if you have something to share …
Discussion:
@mlamons1 and Music Business Worldwide
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