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9:20 AM ET, January 24, 2024

Mediagazer

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RELATED:
Sarah Whitten / CNBC:
Netflix reports Q4 revenue up 12.5% YoY to $8.83B, vs. $8.71B est., paid users up 12.8% to 260.3M, vs. 256M est., $938M net income, up from $55M; NFLX jumps 8%+  —  - Netflix added 13.1 million subscribers during the fourth quarter.  — The company now has 260.8 million paid subscribers.
Emma Roth / The Verge:
Netflix plans to to retire its ad-free Basic plan in some countries where ad-supported plans are available, starting with Canada and the UK in Q2 2024
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+
Kate Knibbs / Wired:
Originality AI: 88%+ of the top US news outlets now block AI companies' web crawlers; leading right-wing outlets, like Breitbart and Newsmax, mostly permit them  —  Nearly 90 percent of top news outlets like The New York Times now block AI data collection bots from OpenAI and others.
Hanaa' Tameez / Nieman Lab:
The Los Angeles Times' layoffs have hit the outlet's Latino-focused vertical De Los, which was launched in 2023, and the Washington, DC bureau  —  “We are not in turmoil.  We have a real plan,” the paper's owner, billionaire businessman Dr. Patrick Soon-Shiong, said.
RELATED:
Meg James / Los Angeles Times:
The Los Angeles Times plans to lay off at least 115 people, or more than 20% of the newsroom, citing annual losses of between $30M and $40M
Ryan Browne / CNBC:
Zee Entertainment urges Sony to revive their $10B merger, sues the Japanese company over the deal's termination, and says Sony seeks a $90M breakup fee from Zee  —  - Indian entertainment conglomerate Zee Enrtertainment on Wednesday said it urged Sony to revive their blockbuster entertainment merger …
Bron Maher / Press Gazette:
HuffPost UK increased its freelancer invoicing period from 30 to 60 days in September 2023, telling some freelancers that the outlet had “cash flow problems”  —  Freelances paid outstanding money after Press Gazette enquiries made.  —  Buzzfeed-owned Huffpost has belatedly paid …
Discussion: @jim_edwards
Ariel Shapiro / The Verge:
An interview with NPR podcasting chief Collin Campbell on its “broadcast-to-podcast” strategy, navigating the new podcasting landscape, and more  —  Today, I have a preview of an interview with NPR's new podcasting chief, Collin Campbell.  Campbell, who is an alum of WNYC …
Discussion: The Verge and Blubrry Podcasting
Noam Cohen / Bloomberg:
As Wikimedia Russia shuts down, a look at the Kremlin-compliant Wikipedia alternative Ruwiki, which recently went live, led by an ex-Wikimedia Russia director  —  A campaign to replace the country's Wikipedia with a more pliant alternative seems near completion.
Sara Guaglione / Digiday:
How podcast networks, like Acast and iHeartMedia, are testing AI tools to increase their ad sales, translate shows into different languages, and more  —  It seems it's not just big digital publishers like BuzzFeed and BDG looking to generative artificial intelligence tools as ways to streamline their sales process.
James Tapper / The Guardian:
A filing in a class action suit by 10 US artists against Midjourney and others lists 16,000 artist names whose work Midjourney had allegedly used for training  —  US lawyers approached about class action against Midjourney and other AI firms accused of ‘copyright laundering’
New York Times:
In 2023, no US films ranked among the 10 highest grossing in China, which is producing more high-quality movies that resonate with domestic audiences  —  No American films ranked among the 10 highest grossing in China last year as viewers who once flocked to foreign blockbusters continued to disappear.
Discussion: @thedragonfeeder
 
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 More News: 
Aisha Malik / TechCrunch:
Google unveils a new Gemini-powered chat-based tool in Google Ads to build Search ad campaigns, out in beta to all English language advertisers in the US and UK
Todd Spangler / Variety:
Netflix co-CEO Ted Sarandos says the WWE deal “fits within” its anticipated $17B spending on content in 2024 and is not a change to Netflix's sports strategy
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
 Earlier Picks: 
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
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
Donal O'Donovan / Independent.ie:
Irish independent publisher Mediahuis seeks to reduce headcount by ~10% to achieve cost saving of €4M per year; it employs around 549 in its publishing division