Top News:
Charlotte Tobitt / Press Gazette:
A UK appeals court orders Carole Cadwalladr to pay 60% of Arron Banks' libel trial costs, or £1M+, plus £35K in damages, despite finding her Ted Talk “lawful” — Brexit donor Arron Banks entitled to damages over Carole Cadwalladr's Ted Talk, appeal judges have ruled.
Sahil Patel / The Information:
Sources: Amazon takes a 50% cut of the subscription fee for streaming services on Prime Video Channels, while YouTube takes 40% or less for Primetime Channels — YouTube and Netflix are the most-watched streaming services in America. But it is Amazon that has come closest to building …
Discussion:
TechCrunch, Screen Rant and @sizpatel, more at Techmeme »
Nellie Andreeva / Deadline:
Sources: Disney will start purging dozens of Disney+ and Hulu shows on May 26; the company announced a $1.5B-$1.8B impairment charge at its last earnings call — Disney is starting to pull content from streaming, with dozens of series and specials slated to leave Disney+ and Hulu on May 26, Deadline has learned.
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Brooks Barnes / New York Times:
Disney cancels plans to build an Orlando office complex and move 2,000+ workers from California to Florida; sources: the DeSantis feud influenced the decision
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Financial Times:
Sources: days after Linda Yaccarino's appointment, media agency GroupM tells its clients that Twitter is no longer “high risk”, a designation from November 2022 — WPP-owned GroupM removed designation of platform after appointment of Linda Yaccarino
Discussion:
The Verge, @titterdaily, @jason_kint, @pt, @mshannahmurphy, @goldengateblond and @ivanthek, more at Techmeme »
Ted Johnson / Deadline:
ABC News hires The Economist's G. Elliott Morris as editorial director of data analytics for the news division, which includes FiveThirtyEight — EXCLUSIVE: ABC News is hiring The Economist's G. Elliott Morris to be the editorial director of data analytics for the news division, a post that also oversees FiveThirtyEight.
Hanaa' Tameez / Nieman Lab:
Q&A with Pablo Valdivia, NPR's first editor for Latino audiences, on what the role entails, its impact, other newsrooms creating similar positions, and more — “The weight of coverage shouldn't have to fall on the shoulders of a select few, but rather on the organization as a whole.
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Inside Radio
Paul Farhi / Washington Post:
The last-minute cancellation of Biden's Australia trip stuck media outlets with big bills, showing that such trips are impractically costly for most outlets — Some correspondents think it could prompt media bosses to pull back from covering the president on future overseas tours
Discussion:
@farhip, @krisnelson@legal.social, @jkbjournalist, @washingtonpost and @michaelsocolow
Ezra Marcus / Grub Street:
Restaurant chefs are increasingly designing food that plays well on video for influencers on TikTok, Instagram Reels, and YouTube that market to young diners — The most important social-media food genre of the past decade is photos of avocado toast, bright and colorful and clean.
Discussion:
Insider, @kottke, @maxwelltani, @deaneckles and Adweek, more at Techmeme »
Cory Weinberg / The Information:
Source: Instacart generated ~$740M in 2022 ad revenue, up 30% YoY; nearly 30% of the company's 2022 revenue came from its ads unit, which launched in 2019 — Instacart has become an advertising powerhouse. — The grocery-delivery firm's ad revenue totaled about $740 million last year …
Discussion:
@amir, @patio11 and Insider Intelligence, more at Techmeme »
Jason P. Frank / Vulture:
YouTube star Hank Green announces that he has been diagnosed with Hodgkin lymphoma, will undergo chemotherapy, and will take a break from some of his projects — YouTube icon and TikTok uncle Hank Green announced May 19 that he has been diagnosed with Hodgkin's lymphoma, a cancer of the blood.
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Bron Maher / Press Gazette:
Informa, a UK events and publishing company that owns Industry Dive, acquires Winsight, which publishes Foodservice Director and Restaurant Business, for $380M — Winsight's brands include titles such as Foodservice Director and Restaurant Business. — B2B information and events business Informa …
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Dow Jones Newswires
New York Times:
Five TikTok creators sue to overturn Montana's law that is set to ban the app on January 1, 2024, arguing the law violates their First Amendment rights and more — A spokeswoman for the state attorney general said that his office had “expected a legal challenge” and was “fully prepared to defend the law.”
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