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6:25 PM ET, September 5, 2023

Mediagazer

 Top News: 
Wall Street Journal:
How Spotify's $1B+ bet on podcasts has not paid off: most shows aren't profitable and the company has considered an ad revenue-sharing model akin to YouTube's  —  The prospect of podcast riches led to aggressive investments in celebrity deals and original programming for what appeared a sky's-the-limit media frontier
RELATED:
Ashley Carman / Bloomberg:
Email: Spotify raises the listener threshold for creators in Ambassador Ads from 100 to 1,000 over 60 days, and plans to cut ad support for white noise podcasts  —  - Ambient sound shows will no longer be eligible for certain ads  — Company raises listener threshold for ambassador ads program
Financial Times:
eMarketer expects US podcast ad spending to hit $2.2B in 2023, up from $1.7B in 2022, or ~10% of radio; Edison: 80%+ of Americans listen to radio weekly  —  The rise of podcasts has not fully cannibalised other forms of entertainment  —  The audience for podcasts is younger …
Discussion: RAIN News and Inside Radio
Georg Szalai / The Hollywood Reporter:
Filing: WBD forecasts 2023 adjusted EBITDA down by $300M-$500M to $10.5B-$11B, citing strikes, and $1.7B+ in Q3 2023 free cash flow due to Barbie and strikes  —  “The company now expects to exceed $1.7 billion in free cash flow for the third quarter of 2023, in part due to the strong performance …
Rebecca Bellan / TechCrunch:
Elon Musk threatens to file a defamation lawsuit against the ADL for “falsely accusing” X and him of antisemitism and blames the ADL for X's falling US ad sales  —  In the newest uproar you might have missed, Elon Musk says X, formerly Twitter, will file a defamation lawsuit against the Anti-Defamation League.
Jessica Toonkel / Wall Street Journal:
Antenna: MLS Season Pass had 110K+ US signups on July 21, the day of Messi's first MLS match, up from 6,143 on July 20; July was TV+'s best signup month in 2023  —  Soccer superstar attracts over 110,000 sign-ups to MLS Season Pass on day of first game  —  Soccer superstar Lionel Messi helped drive a surge in U.S. subscriptions to
Meta:
Meta plans to deprecate the Facebook News tab in the UK, France, and Germany in early December 2023 and won't sign new deals for news content in those countries  —  Today, we are announcing that in the UK, France and Germany we will deprecate Facebook News - a dedicated tab on Facebook …
Miles Klee / Rolling Stone:
Sean “Diddy” Combs returns the music publishing rights from his label Bad Boy Records to artists, including the Notorious B.I.G.'s estate, Mase, and Faith Evans  —  In an “unprecedented” move, the estate of Notorious B.I.G. is among those to reclaim songs from the iconic label's catalog
Eva Hartog / Politico:
Politico Europe's reporter in Moscow, expelled after 10 years in Russia, on how journalists from Western countries are being slowly squeezed out of the country  —  Moscow is quietly cracking down on the country's last independent observers.  —  During my 10 years as a Moscow-based journalist …
Reuters:
Indian police file criminal charges against four journalists covering ethnic violence in the country and accuse their reporting of trying to “provoke clashes”  —  Indian police in Manipur state have filed criminal charges against four journalists, accusing them of misrepresenting facts …
Discussion: Breitbart
 
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 More News: 
Reuters:
Malaysia says the government is in talks with Google, Meta, and other companies over a regulatory framework that requires paying news outlets for their content
more at Techmeme »
Financial Times:
A look at Sony India's merger with Zee Entertainment: creating a 74-channel media powerhouse and giving Sony a 24.8% market share, compared to Disney Star's 24%
Georg Szalai / The Hollywood Reporter:
WBD rebrands its preschool network Boomerang to Cartoonito, available as a pay TV channel, in Sweden, Denmark, Norway, Turkey, the Middle East, and North Africa
Discussion: The Desk and Broadband TV News
 Earlier Picks: 
Hanaa' Tameez / Nieman Lab:
Q&A with an Argentinian reporter who uses Instagram's Broadcast Channel feature for service journalism, helping her subscribers understand the country's economy
Miles Ellingham / Rolling Stone UK:
A profile of Jake Hanrahan, a former Vice reporter who in 2018 founded Popular Front, which covers global conflict via YouTube, Instagram, a podcast, and more
Los Angeles Times:
The Marion County Record raid showed how vague US federal and state computer crime laws can threaten press freedom; lawmakers should add more media protections
Discussion: Kansas City Star
James Clayton / BBC:
EU study: social media companies have failed to stop pro-Russian disinformation and the “reach and influence of Kremlin-backed accounts” grew further in 2023
 

 
From Techmeme:

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

Shashwat Chauhan / Reuters:
The US CFTC announces that spot crypto asset contracts will begin trading for the first time on CFTC-registered futures exchanges

Casey Newton / Platformer:
A look back at five years of Meta's Oversight Board, whose rulings on the relatively small number of cases it hears have generally had limited impact
 
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