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4:35 PM ET, February 2, 2024

Mediagazer

 Top News: 
Anne Steele / Wall Street Journal:
Spotify and Joe Rogan sign a new multiyear deal, estimated to be worth $250M; Rogan's show will be available across podcast platforms and as videos on YouTube  —  Hit show to be distributed broadly, including on YouTube, rather than exclusively on audio-streaming service
Andy Greenberg / Wired:
How the EFF, Techdirt, MuckRock, and DDoSecrets are pushing back against legal threats aimed at censoring their reports on Appin's alleged hacker-for-hire past  —  A loose coalition of anti-censorship voices is working to highlight reports of one Indian company's hacker-for-hire past …
Joshua Benton / Nieman Lab:
The Messenger's flop was the result of Jimmy Finkelstein's blindness to bad ideas, like its traffic-chasing strategy, not a consequence of economic headwinds  —  The flaws in the site's strategy were highly predictable (and repeatedly predicted).  But Jimmy Finkelstein's muddled nostalgia …
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The Daily Beast:
Ex-employees of The Messenger file a class-action lawsuit against the shuttered outlet, alleging that it failed to give them proper notice ahead of their firing
Jordan Hoffman / New York Magazine:
A Messenger journalist describes his time working for the outlet, where the expensive offices were empty and reporters were instructed to chase trending topics
Will Sommer / Washington Post:
The WSJ lays off ~30 staffers as it restructures its DC bureau and shutters the US-China news team; laid-off staffers will be allowed to apply for some new jobs  —  The Wall Street Journal took a hatchet to its Washington bureau on Thursday, laying off roughly 20 staffers in a restructuring …
Todd Spangler / Variety:
Filing: Amazon spending on content rose 14% YoY to $18.9B in 2023 despite Hollywood strikes  —  While other media companies have been paring back content spending, Amazon shelled out more than $2 billion more in 2023 for TV shows, movies and music than it did a year earlier.
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Annie Palmer / CNBC:
Amazon Q4: ad revenue up 27% YoY to $14.7B, vs. $14.2B est., subscription revenue up 14% YoY to $10.5B, and North America segment sales up 13% YoY to $105.5B
Financial Times:
China-based advertisers now account for 10% of Meta's annual revenue and contributed 5 percentage points to its total worldwide revenue growth  —  The US group has benefited from huge but unsustainable outlays from Chinese advertisers  —  Facebook, Instagram and WhatsApp may be banned in China.
RELATED:
Salvador Rodriguez / Wall Street Journal:
Meta reports Q4 revenue up 25% YoY to $40.1B, with ad revenue of $38.7B, ad impressions delivered across its Family of Apps up 21%, and average ad price up 2%
Wall Street Journal:
Sources: federal authorities have been investigating sexual assault and sex trafficking allegations against WWE co-founder Vince McMahon since 2022  —  Authorities have been interviewing women who accuse longtime WWE boss of sexual misconduct  —  Federal authorities have been investigating sexual assault …
Jonathan Randles / Bloomberg:
Diamond Sports strikes a deal to continue broadcasting Cleveland Guardians, Minnesota Twins, and Texas Rangers games through the upcoming MLB season  —  - Broadcaster's deals with three MLB clubs runs through 2024  — Diamond said agreements averts potential fan disruption
Marc Schneider / Billboard:
Merck Mercuriadis is stepping down as CEO of Hipgnosis Song Management and will be replaced by Ben Katovsky, the company's current president and COO  —  Mercuriadis will transition to chairman, with Ben Katovsky rising to chief executive as the advisor eyes smoother relations with its publicly listed royalty fund.
Sara Fischer / Axios:
Local newsletter company 6AM City raised a $10M Series A led by Tegna; news and weather from Tegna stations will be included in 6AM newsletters in some markets  —  Local newsletter company 6AM City has raised more than $10 million in series A funding round led by local broadcaster Tegna, Axios has learned.
Dexter Thomas / Wired:
Q&A with TikTok CEO Shou Zi Chew on the company's music festival in Mesa, AZ, his background, TikTok and music, music labels, US scrutiny, moderation, and more  —  A few weeks ago, Shou Zi Chew sat down with WIRED to tell us how he's trying to make TikTok better.
 
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Lesley Goldberg / The Hollywood Reporter:
Highlights from Netflix's press event: a push for live programming, no planned theatrical releases, licensing content from others won't impact originals, more
 

 
From Techmeme:

Forbes:
AI startup founders and VCs hope that a Trump administration will lead to lighter regulations and the return of real acquisitions, not “contorted” ones

Financial Times:
Sources: TSMC told Chinese customers it would no longer manufacture AI chips at advanced process nodes of 7nm or smaller as of this coming Monday

MacKenzie Sigalos / CNBC:
Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% YoY to $2.25B, Cash App gross profit up 21% to $1.31B, and a $284M net income
 
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