Top News:
Scott Nover / Slate:
Websites that shut down make it hard for journalists to preserve writing clips, but maintaining a defunct site creates technical issues including security risks — Vice workers scrambled this week to save their work, just in case. Would keeping it online really cost so much?
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Chris Thompson / Defector:
Vice leadership failed to act as responsible stewards of a good product, and instead paid themselves lavish salaries and burned through hundreds of millions — Vice was a good website. On Thursday it was killed by its private equity owners, in a characteristically cruel and sudden maneuver …
Discussion:
Pluralistic, @lfitzmaurice, @doctorow, @doctorow, @doctorow, @doctorow, @jason, @sorayamcdonald@threads.net, @jeremymbarr, @davidclinchnews, @tvgrimreaper, @mjgault, @ninastarner, @adamjkovac, @sarahscire, @sharonwaxman, @nick_kapur, @nina_metz, @juliaccarpenter, @defectormedia, Business of Fashion, CBS News, Slate, New York Times, MobileSyrup, @quillmatiq@threads.net, Ian Greenleigh on LinkedIn, Gail J. Cohen on LinkedIn, 404 Media, CNN, @KarlBode@masto.ai, WWD, TVNewsCheck, CMU, Raw Story, Press Gazette, @jswatz.bsky.social, The Verge, UPI, The Desk, New York Daily News and The Hill
Sam Buckingham-Jones / Australian Financial Review:
Australian businessman Kerry Stokes launches The Nightly, a daily online newspaper with backing from billionaires Katie Page, Chris Ellison, and Gina Rinehart — Billionaires Katie Page, Chris Ellison and Gina Rinehart are the key backers of Kerry Stokes' new daily online newspaper …
Discussion:
Sydney Morning Herald, Crikey and Mumbrella
Columbia Journalism Review:
A profile of Dale Anglin, first director of Press Forward, a philanthropic effort to invest $500M over five years in local news and aiming to raise $500M more — Dale R. Anglin has spent more than twenty years in the nonprofit sector, channeling millions of dollars to social service organizations.
Discussion:
NewsLab, MediaPost, Inside the News in Colorado and @geisler_jill@threads.net
Bloomberg:
While Netflix is profitable in South Korea, local rivals Tving and Wavve lost a combined ~$165M in 2023 and are reportedly in talks to merge — After years of pumping out hit shows, South Korea's biggest media companies are cutting back and consolidating to survive a global pullback in entertainment.
Janko Roettgers / Lowpass:
A look at possible effects of Walmart's Vizio purchase: a negative impact on Roku, for whom Walmart is a big retail partner, and Vizio's data unit shutting down — Big box bucks — Together with … Tuesday's news that Walmart is acquiring Vizio for $2.3 billion has the potential …
Discussion:
Janko Roettgers on LinkedIn and Fast Company
Lauren Feiner / The Verge:
A preview of the NetChoice cases to be argued at SCOTUS on February 26, about the constitutionality of Texas and Florida laws regulating social media content — The ruling could impact other publishing industries and future social media regulation. … Social media companies have long …
Discussion:
Washington Post, New York Times, CNN, Politico, Kirk T. Schroder on LinkedIn, @lauren_feiner and Fast Company, more at Techmeme »
Sara Fischer / Axios:
NPR affiliate WAMU is shutting down local news site Dcist and laying off 15 employees to focus on audio and plans to add 10 new positions — - “We're making the choice to invest in what we're better at than anyone else in this town, and that's audio,” Pulley-Hayes said.
Discussion:
@wemakewamu, @eleanornorton, Washington Post, @wesleylowery, @coop_rebecca, Coleen O'Lear on LinkedIn, @jwhitepubradio, @floorcharts, @tamarakeithnpr, @robertwhite_dc, Armando Trull on LinkedIn, @wemakewamu, @jfkucinich, @elaheizadi, @jasonshevrin, @emma_a_whitford, @maustermuhle, @maustermuhle, @emmasarappo, @nicdawes, @digiphile, @digiphile, @maustermuhle, @jbenton, @ckrewson, @elaheizadi, @jeffjarvis@threads.net, Inside Radio, The Hill, @abeaujon@threads.net, Current, Benjamin Freed on LinkedIn, Andi McDaniel on LinkedIn, Sara Fischer on LinkedIn, @jenhoward.bsky.social and The Wrap
Chris Welch / The Verge:
Three years after Spotify's original announcement that it would launch a higher-quality audio subscription, the company has yet to roll out the feature — I was really hoping I wouldn't have to do this again. Last year, it seemed like there was no reason to believe Spotify would ever roll …
Matthew Keys / The Desk:
Cord Cutters News lays off EIC Roger Cheng, who joined in July 2023, and two staff writers, as the outlet plans to focus more heavily on its YouTube channels — The publication favored by streamers will publish guides and focus on the production of YouTube videos moving forward.
Discussion:
@cordcuttersnews, @shelbybrown91, @rogerwcheng and Cord Cutters News
Brian Steinberg / Variety:
WBD reports Q4 revenue down 7% YoY to $10.3B, adjusted EBITDA down 5% YoY to $2.5B, 97.7M global streaming subscribers, and a $103M streaming profit for 2023 — The owner of the TNT and TBS cable networks,. the Warner Bros. studio and the Max streaming service reported a loss of $400 million …
Discussion:
Forbes, @royprice, @lucas_shaw, The Wrap, @picklemaddierix, The Hollywood Reporter, @jbflint, @richlightshed, @jbflint, @lmoses, The Desk, CNBC, The Wrap and Warner Bros. Discovery
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Steven McIntosh / BBC:
UK police will take no further action against suspended GB News host Dan Wootton, who was accused of using fake identities to bribe men for explicit material — Police have said they will take no further action against GB News presenter Dan Wootton. — The New Zealand-born broadcaster …
Discussion:
Telegraph, Daily Express, Press Gazette, Byline Times, Mediaite, The Guardian, Deadline and The Independent
Katie Kilkenny / The Hollywood Reporter:
An interview with studio owner Tyler Perry, who says he's putting an $800M studio expansion in Atlanta on hold after seeing the capabilities of OpenAI's Sora — The actor, filmmaker and studio owner is raising the alarm about the impact of the tech, saying, “I feel like everybody in the industry …
Discussion:
Jodie Hudson on LinkedIn, Christine Pichler-Ahanotu on LinkedIn, Eric L. Schmidt on LinkedIn, Business Insider, The Decoder, Cindy Villarreal on LinkedIn, Blair Vermette on LinkedIn, Shira Lazar on LinkedIn, George Maestri on LinkedIn, Nathan Bazley on LinkedIn, Caroline Giegerich on LinkedIn, Arturo Bermúdez on LinkedIn, Duane Than on LinkedIn, Paul O'Brien on LinkedIn, Phillip Covell on LinkedIn, Tambay Obenson on LinkedIn, @katiekilkenny7, @discussingfilm, @thr, @saverio825, Eric Wagliardo on LinkedIn, Conrad Curtis on LinkedIn, Colin McAuliffe on LinkedIn, Ars Technica, Variety, TMZ.com, Peter Csathy on LinkedIn, Aaron Wilkerson on LinkedIn, The Ankler, Vibe, @jonbjohns.bsky.social, IndieWire, The Guardian, The A.V. Club, @jessefuchs.bsky.social, @scumbelievable.bsky.social, Deadline, @oldmatecans.bsky.social, @cousins.bsky.social, @hypercubexl.bsky.social, @stopsatgreen@threads.net, @talentagencyguide@threads.net, @lkimmasters@threads.net and The Wrap
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