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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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:
Variety, CNBC, @tvgrimreaper, @ianbetteridge@writing …, Hollywood Reporter, 9to5Mac, @alex, @sherman4949, @tim_bays and @tvmojoe
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 — Netflix extended its lead as the world's biggest premium video-streaming platform — pulling in a better …
Discussion:
The Wrap, IndieWire, Deadline, Hollywood Reporter, @morningbrew@threads.net, @lucas_shaw, @xpangler, Media Play News and TV Insider
Peter White / Deadline:
Netflix says it's not interested in acquiring “linear assets”, and it does not believe further M&A will “materially change the competitive environment” — Netflix is often talked about a potential buyer for big Hollywood studios as the latest set of M&A rumors swirl …
Discussion:
The Wrap and @tvgrimreaper
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:
Awful Announcing, The Verge, Bloomberg, WWE, Wired, Wall Street Journal, The Drum, The Information, NME, Axios, TKO Group Holdings, Inc., Financial Times, The A.V. Club, Ramiro Montiel on LinkedIn, Variety, Front Office Sports, The Ringer, Jared Lake on LinkedIn, Sportico, The Guardian, The Desk, USA Today, Deadline, Engadget, New York Post, NBC 7 San Diego, @edludlow, @teamkaos1998, IGN, @tim_bays, @chriswelch@threads.net, The Streamable, WORLD SCREEN, The Messenger, Dexerto, Business Insider, Tubefilter, Ars Technica, Reuters, @conorsen, USA Today, GameSpot, Next TV, @sherman4949, @tripleh, @sarafischer, The Wrap, Media Play News, Deadline, CBS News, FOX8 WGHP, Polygon, Mediaite, @conorsen, USA Today, @conorsen, New York Post, Thurrott, Soap Opera Network, Awful Announcing, Amy Newton on LinkedIn, @buccocapital, 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, Emil Protalinski on LinkedIn, Ad Age, ComingSoon.net, Gizmodo, Cord Cutters News, T3, @ianjsilvera, New York Times, MediaPost, NBC Bay Area and Slashdot, more at Techmeme »
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, Variety, Talking Biz News, LAist, @morgan_sung, @morgan_sung, @cmsub, @kalihays1@threads.net, @lpolgreen@threads.net, @emilybellnyc@threads.net, @farhip, @latguild, @erinblogan, @bernstein, @nickbaumann, @davidfolkenflik, @sarahdwire, @aaschapiro, @byjackharris, CNN, @alexbruell, @cwarzel@threads.net, @justinbaragona, @lucas_shaw, @jbflint, @shiramstein, @emma_dumain, @buffywicks, The Wrap, The Daily Beast, @josephfcox, @laura_nelson, @noahshachtman, The Messenger, @ivanthek, @ferniecommaalex, @erinoverbey, @elex_michaelson, @passionweiss, @sorayamcdonald@threads.net, @mcwm@threads.net, @borisk, @jeongpark52, @bcmerchant, @jeffbercovici, @jason_koebler, @jbflint, @josephfcox, @rogerwcheng, @tim_bays, @bryancurtis, @mikeisaac, @lydiadepillis, @blowryontv, @fbajak, 6abc, Silicon Valley, The Hollywood Reporter, @taylorlorenz@threads.net, @sammy_roth, Fox News and MediaPost
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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, Associated Press, Washington Post, Fox News, Inside Radio, TVLine, Los Angeles Times, The Wrap, New York Times, New York Daily News, Bobby Lee on LinkedIn, New York Post, Hollywood Life, The Messenger, TV Insider, The Daily Beast, @benmullin, Page Six, CNN, Metro, @brianstelter, @lanceulanoff, @jaketapper, The Hollywood Reporter, @cbssunday, @tvmojoe, @johnjharwood 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, The Guardian, @condeunion, WWD, The Daily Beast, Axios, nyguild.org, CNN, The Messenger, @jamesfactora, The NewsGuild, @alexbruell, @condeunion, @erik_hayden, @katiekilkenny7, bookforum.com, Variety and The Wrap
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:
@jyarow, @therealers, @kbode@threads.net, @paigelav, @scottnover and @samro
Charlotte Tobitt / Press Gazette:
Study commissioned by the UK government says the BBC does not serve as a “one-to one substitute for commercial providers in online local news provision” — Ofcom will publish annual report on BBC position in local news sector. — The BBC's online local news output does not add up to a …
Discussion:
@pressgazette, The Department for Digital, Culture, Media & Sport, GOV.UK and The Mirror
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, @alicemurphypyle and @philpem@digipres.club
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:
Observer, CNN, The Verge, @mrbeast, @mrbeast, @couragejd, New York Post, Fortune, Dexerto, @mattbinder, iPhone in Canada Blog, @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, Business Insider, Techdirt, The Messenger and Tubefilter
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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.
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