Top News:
Foo Yun Chee / Reuters:
At an EU DMA hearing, a Meta lawyer says the company has offered to cut its EU subscription fee from €9.99 to €5.99 per month after discussions with regulators — Meta Platforms (META.O) has offered to almost halve its monthly subscription fee for Facebook and Instagram to 5.99 euros …
Discussion:
TechCrunch, Channel NewsAsia, @kayjebelli, @kayjebelli, @ttoboyle and Digital Markets Act, more at Techmeme »
Patrick Frater / Variety:
Tencent Music reports Q4 revenue down 7% YoY to $971M and a $198M profit; in 2023, paying subscribers rose 21% YoY to 107M and net profit rose 36% YoY to $735M — Net profits at Tencent Music Entertainment, China's largest digital music company, climbed 36% to reach $735 million (RMB5.22 billion) …
Discussion:
Tencent Music
Stuart Dredge / Music Ally:
Spotify: in 2023, 66K artists received $10K+, up from 57K in 2022, with 50%+ from non-English speaking countries, while 11,600 got $100K+, and 1,250 got $1M+ — - Click to email a link to a friend (Opens in new window) — Every year, Spotify updates its Loud & Clear website with new data about its music payouts.
Discussion:
TVNewsCheck and Spotify
Charlotte Tobitt / Press Gazette:
An interview with Good Housekeeping Managing Director Liz Moseley on launching its first paid-for app, VIP membership, its testing facility, video, and more — The UK edition of women's magazine Good Housekeeping is “unbelievably successful” by various metrics, as its new managing director Liz Moseley put …
Discussion:
@pressgazette, @juliemediumhare and @pressgazette
Graciela Mochkofsky / New York Times:
The cost of a journalism education has become an insurmountable barrier for just the kind of people the industry needs most; j-schools need to go tuition free — Many uncertainties haunt the field of journalism today — among them, how we can reach our audience, build public trust in our work, and who is going to pay for it all.
Discussion:
@craignewmark, @risj_oxford, @cathyarnst, @sarah__bartlett and @jeremycaplan
Nieman Lab:
A look at Sahan Journal, a nonprofit news site for Minnesota's immigrants with a $3M annual budget and 23 full-time staffers, as its founder steps down as CEO — Five years after launch, Sahan Journal has a $3 million annual budget and 23 full-time staffers.
Discussion:
@skamidi, @catalyst_press, @skamidi, What Works and @dankennedy_nu@journa.host
Reuters:
After oral arguments, SCOTUS appeared wary of curbing US government contacts with social media platforms in the First Amendment case of Murthy v. Missouri — U.S. Supreme Court justices on Monday appeared skeptical of a challenge on free speech grounds to how President Joe Biden's administration …
Discussion:
@alex.stamos@threads.net, @b_fung@threads.net, @renee.diresta@threads.net, @crumbler@threads.net, @brian.fishman.5@threads.net, The Daily Caller, @b_fung@threads.net, @soupsoup@threads.net, Reason, @jvagle.bsky.social, The Klonickles, Washington Post, Reclaim The Net, The Verge, Associated Press, Politico, New York Post, Free Press, Semafor, @willoremus@mastodon.social, New York Times, CBS News and Wired, more at Techmeme »
Wall Street Journal:
A profile of ESPN chairman Jimmy Pitaro, who races to reinvent ESPN's business by pursuing multiple streaming strategies at once amid a collapse of cable TV — Cable TV's collapse is forcing the Disney property out of its comfort zone, from hiring risky talent to a streaming gambit that ticked off the NFL
Discussion:
Front Office Sports, @asharma, @sportstvratings, @thesimonetti and Wired
New York Times:
Trump sues ABC and George Stephanopoulos for defamation over Stephanopoulos's on-air remarks that Trump had been found liable for raping E. Jean Carroll — The lawsuit stems from the anchor's recent contentious interview with Representative Nancy Mace. — Former President Donald J. Trump filed …
Discussion:
@bsbeamer.bsky.social, @67sound.bsky.social, @humb1962, @thatguyinfla, @lakewitchhouse.bsky.social, @louisjmarinelli, @genuine_rp, @ericabbenante, @comicozzie58, @wizzyprobsii, @clayandbuck, @genuine_rp, @bpaulkelly, @atrupar, @hudsonrivercroc.bsky.social, @mommabearjogs, LAW.com, @nancymace, @omunderdal, @cecil_duncan, @katekilla.bsky.social, @muellershewrote, @kari_beach, @karimx1696315, @chesswpigeons, @CarlG@esq.social, @paleofuture.bsky.social, @alllwftopic and The Desk
Charlotte Tobitt / Press Gazette:
In an email to GB News staff following the Ofcom ruling, editorial director Michael Booker says staff need to “double down” on staying within the rules — Michael Booker said GB News staff need to “double down” on staying within the rules. — GB News editorial director Michael Booker …
Discussion:
The Independent and Mediaite
RELATED:
Charlotte Tobitt / Press Gazette:
Ofcom rules that five GB News programs presented by Conservative politicians have broken its due impartiality rules and puts the channel “on notice”
Discussion:
The Independent, Ofcom, The Desk, @matt, @fleetstreetfox, @bron_maher, @profdaveandress, @winngiles, @itvnews, Financial Times, @phelpsiesarah, @nicholastyrone, @alistaircoleman, @lorrainemking, @benfenton, @ofcom, @arusbridger, @ofcom, Mediaite, The Hollywood Reporter, Breitbart, Variety, Broadband TV News, BBC, Bloomberg.com, The Guardian, CityAM, Deadline and Politico
Benjamin Mullin / New York Times:
Authentic Brands licenses Sports Illustrated's publishing rights to The Players' Tribune owner Minute Media for 10 years, with plans to keep the print edition — Minute Media, owner of The Players' Tribune, has struck a deal to operate Sports Illustrated for at least 10 years.
Discussion:
Poynter, Associated Press, Media Voices, The Hollywood Reporter, Jenna Hackerman Klein on LinkedIn, The Daily Caller, @authenticbrands, @minutemedialtd, @readdanwrite, @niketa, @benjstrauss, CBS News, @pressgazette, @benmullin, Jack Knobloch on LinkedIn, Front Office Sports, Observer, Los Angeles Times, New York Daily News, Business Insider, MediaPost, Defector, New York Post, Awful Announcing, Sports Media Watch, @noahshachtman@threads.net, CNN, Axios, Sportico, Dan Chiprut on LinkedIn, The Wrap, Asaf Peled on LinkedIn, Deadline, Variety, Andres Cardenas on LinkedIn and NewsGuild of New York
Chris Roush / Talking Biz News:
The Wall Street Journal laid off four people in New York and one in London on its Standards and Ethics team when it named Elena Cherney as new head of the team — The Wall Street Journal laid off five people on its standards and ethics team last week when it named Elena Cherney as the new head of standards and ethics.
Discussion:
@talkingbiznews
Todd Spangler / Variety:
YouTuber MrBeast announces a deal with Prime Video for Beast Games, a reality-competition show with 1,000 contestants, promising the winner a $5M cash prize — MrBeast, the YouTuber known for big-money giveaways, is going bigger than ever with his new show on Amazon's Prime Video.
Discussion:
Colin and Samir on YouTube, The Hollywood Reporter, @xpangler, @mrbeast, Tom Burke on LinkedIn, @tvgrimreaper, @loudmouthjulia, @loudmouthjulia, @mrbeast, Polygon, Observer, Albert Cheng on LinkedIn, GoldDerby, Tubefilter, Hunter DeVries on LinkedIn, CNN, Rob Gabel on LinkedIn, Cyril Morette on LinkedIn, Shai Trichter on LinkedIn, The Verge, TechCrunch, TVLine and Deadline
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