Top News:
Sarah Whitten / CNBC:
Netflix reports Q4 revenue up 12.5% YoY to $8.83B vs. $8.71B est., global paid memberships up 12.8% to 260.28M vs. 256M est., net income of $938M, up from $55M — - Netflix added 13.1 million subscribers during the fourth quarter. — The company now has 260.8 million paid subscribers.
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CNBC:
Netflix buys the exclusive rights to WWE programs like Raw, airing in 2025 in the US, Canada, Latin America, and more; filing: the 10-year deal is worth $5B+ — - Netflix and TKO Group Holdings said Tuesday that the streaming platform will air the WWE's flagship program Raw starting next year.
Discussion:
Bloomberg, The Verge, Awful Announcing, WWE, NME, Financial Times, Sportico, Wall Street Journal, The Guardian, The Desk, Ramiro Montiel on LinkedIn, Front Office Sports, The Ringer, USA Today, Mediaite, Business Insider, MediaPost, Emil Protalinski on LinkedIn, Tubefilter, Deadline, The Wrap, Engadget, New York Post, NBC 7 San Diego, The Messenger, @edludlow, @teamkaos1998, IGN, @tim_bays, @chriswelch@threads.net, The Streamable, WORLD SCREEN, Dexerto, Ars Technica, Reuters, @conorsen, USA Today, GameSpot, Next TV, @sherman4949, @tripleh, @sarafischer, The Wrap, Media Play News, Deadline, CBS News, FOX8 WGHP, Polygon, @conorsen, Variety, USA Today, @conorsen, New York Post, Thurrott, Soap Opera Network, Awful Announcing, Amy Newton on LinkedIn, @buccocapital, Axios, iPhone in Canada Blog, @tvgrimreaper, @wwe, The Hollywood Reporter, Julie DeTraglia on LinkedIn, The Information, TVLine, Sportico, Barrett Media, Jeff Jenkins on LinkedIn, @sherman4949, David Giles on LinkedIn, @sherman4949, @netflix, Ad Age, ComingSoon.net, Gizmodo, Cord Cutters News, T3, @ianjsilvera, New York Times, NBC Bay Area and Slashdot, more at Techmeme »
Emma Roth / The Verge:
Netflix says it's looking to retire its ad-free Basic plan in some countries where ad-supported plans are available, starting with Canada and the UK in Q2 — Although Netflix no longer allows new or returning members to sign up for the ad-free Basic subscription that costs $11.99 per month …
Discussion:
CNBC, @alex and @sherman4949
Meg James / Los Angeles Times:
The Los Angeles Times announces it is laying off at least 115 people, or more than 20% of the newsroom, citing annual losses of $30M-$40M — The Los Angeles Times announced Tuesday that it was laying off at least 115 people — or more than 20% of the newsroom — marking …
Discussion:
Washington Post, New York Post, Wall Street Journal, New York Times, Reuters, The Wrap, Talking Biz News, Variety, CNN, @nickbaumann, LAist, The Wrap, @aaschapiro, @alexbruell, @cwarzel@threads.net, The Messenger, @byjackharris, @justinbaragona, @lucas_shaw, @jbflint, @shiramstein, @emma_dumain, @sarahdwire, @buffywicks, The Daily Beast, @josephfcox, @davidfolkenflik, @laura_nelson, @noahshachtman, @ivanthek, @ferniecommaalex, @erinoverbey, @elex_michaelson, @passionweiss, @sorayamcdonald@threads.net, @mcwm@threads.net, @jason_koebler, Fox News, @borisk, @rogerwcheng, @mikeisaac, @taylorlorenz@threads.net, @josephfcox, @bcmerchant, MediaPost, @jbflint, @tim_bays, @bryancurtis, @jeongpark52, @lydiadepillis, @blowryontv, @fbajak, 6abc, Silicon Valley, The Hollywood Reporter, @jeffbercovici and @sammy_roth
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CBS News:
Charles Osgood, who joined CBS News in 1971, anchored CBS Sunday Morning for 22 years, and spent decades as a radio commentator, dies at age 91 — Award-winning journalist Charles Osgood, who anchored “CBS Sunday Morning” for 22 years and was host of the long-running radio program “The Osgood File,” died Tuesday at home in New Jersey.
Discussion:
Variety, Radio & Television …, Wall Street Journal, Washington Post, Associated Press, Fox News, Inside Radio, Los Angeles Times, New York Times, The Wrap, TVLine, New York Daily News, New York Post, Page Six, Hollywood Life, The Messenger, TV Insider, The Daily Beast, CNN, @benmullin, @brianstelter, @jaketapper, @tvmojoe, @johnjharwood, @lanceulanoff, @cbssunday, Metro, The Hollywood Reporter and Deadline
Katie Kilkenny / The Hollywood Reporter:
Union staffers across Condé Nast brands plan a 24-hour walkout on Jan. 23, coinciding with Oscar nominations, to protest alleged unlawful bargaining practices — More than 400 workers at Vanity Fair, Vogue, Condé Nast Entertainment, Bon Appétit and other brands are walking …
Discussion:
Variety, @bootsriley, WWD, @condeunion, CNN, The Daily Beast, nyguild.org, The Messenger, Axios, @jamesfactora, The NewsGuild, @condeunion, @alexbruell, @erik_hayden, @katiekilkenny7, bookforum.com, Variety and The Wrap
Amanda Silberling / TechCrunch:
MrBeast's first video on X earns $263K+ in ad revenue in one week, but he calls it a “facade” as he thinks advertisers bought ads after noticing its popularity — MrBeast made over $263,000 in ad revenue from posting his latest video on X, but the YouTube icon says he thinks this number is “a bit of a facade.”
Discussion:
CNN, The Verge, @mrbeast, @couragejd, @mrbeast, New York Post, Fortune, Dexerto, @mattbinder, iPhone in Canada Blog, Business Insider, @vaushv, @stats_feed, Business Insider, CNBC, @greg16676935420, @edzitron, NBC News, @zacksjerryrig, Mashable, NDTV, BBC, Business Insider, The US Sun, Forbes, Sky News, Wccftech, @billym2k, @timthetatman, Times of India, Techdirt, The Messenger and Tubefilter
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Max Tani / @maxwelltani:
Memo: Time CEO announces cuts across several departments and says the company has “diligently reduced” expenses but “there is still more work to be done” — Memo to staff from Time magazine CEO Jess Sibley announcing the cuts, saying the company has “diligently reduced our expenses” but “there is still more work to be done.” [image]
Discussion:
@kbode@threads.net, @paigelav, @scottnover and @samro
Mark Sweney / The Guardian:
At a town hall, Reach CEO says staff have to face the “inconvenient truth” over its declining sale of print titles, but shift to digital will stabilize revenue — Reach chief tells staff to face ‘inconvenient truth’ over print but says digital will stabilise profitability
Discussion:
@stejck, @iancarterim, @mattlcapon, @joshi and @alicemurphypyle
The 19th:
The 19th launches The 19th News Network, a group of national, regional, and local publishers who'll be able to republish, collaborate, share resources, and more — The new collective will elevate the work of partner publishers while also establishing more pathways for collaboration across organizations.
Discussion:
@grist, Chabeli Carrazana on LinkedIn, Abby Johnston on LinkedIn and @19thnews
Jake Coyle / Associated Press:
The Associated Press receives its first Oscar nomination in history, with 20 Days in Mariupol nominated for best documentary at the Academy Awards — Associated Press video journalist Mstyslav Chernov covered the first 20 days of the Russian invasion of the Ukrainian city of Mariupol.
Discussion:
KGET 17, Brian Hopman on LinkedIn, @bryancurtis and Screen Rant
Nikhil Agarwal / The Economic Times:
Zee Entertainment's shares crash 33%, marking its worst single-day fall in history, after Sony called off the $10B merger between its Indian media unit and Zee — Zee Entertainment shares hit the lower circuit as brokerages downgrade the stock after the cancellation of the merger with Sony.
Discussion:
Fortune India, Dow Jones Newswires, Business Standard, CNBC-TV18, CNBC, Moneycontrol, India Today, Kishore Acharya on LinkedIn, Bloomberg, Reuters, BBC, WORLD SCREEN, The Wrap, Broadband TV News, TechCrunch, Deadline, Wall Street Journal, The Hollywood Reporter, Variety, Financial Times and Reuters
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