Mediagazer: Twitch plans to roll out its TikTok-style discovery feed later in April, letting users scroll clips and livestreams, after testing the feature for a year (Emma Roth/The Verge)

7:05 PM ET, April 18, 2024

Top News:

Todd Spangler / Variety:

Netflix won't report subscriber numbers or Average Revenue per Membership starting in Q1 2025, saying time spent is its “best proxy for customer satisfaction” — Netflix will no longer report subscriber numbers — a key metric for streaming services for years — beginning with the first quarter of 2025.

Discussion: CNBC, The Streamable, CNN, ComingSoon.net, Forbes, The Verge, The Information, Deadline, @sherman4949, @tvmojoe, @tvmojoe, The Hollywood Reporter, @sherman4949 and Media Play News, more at Techmeme »

Sarah Whitten / CNBC:

Netflix reports Q1 revenue up 15% YoY to $9.37B, vs. $9.28B est., paid users up 16% YoY to 269.6M, vs. 264.2M est., and net income $2.3B, up from $1.3B YoY — LOS ANGELES — Netflix reported earnings that beat on the top and bottom line after the bell Thursday. — Here are the results:

Discussion: Netflix, Next TV, The Wrap, Variety, Daily Press, @lucas_shaw and Yahoo Finance, more at Techmeme »

Sara Fischer / Axios:

CalMatters, a nonprofit focused on CA politics and policy, acquires tech news nonprofit The Markup; CalMatters has ~$12.5M in funding and The Markup has $5M — - CalMatters today employs 72 people and The Markup employs 28. … - CalMatters currently has around $12.5 in philanthropic funding …

Discussion: CalMatters, @craignewmark, Talking Biz News, @sarabethberman, @calmatters, @calmatters, Jim Friedlich on LinkedIn and @calmatters

Sara Fischer / Axios:

Essence magazine's parent, Sundial Media Group, agrees to buy Refinery29 from Vice Media and names former Vice COO Cory Haik as CEO of Refinery29 — - The acquisition of Refinery29 will help Sundial and Essence extend their reach to content companies that cut across culture and commerce, Sundial said in a statement.

Discussion: Sundial Media Group

New York Times:

Sources: Sony Pictures Entertainment and Apollo discussed a joint all-cash offer for Paramount, which is still in an exclusive negotiation window with Skydance — The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.

Discussion: The Wrap, @benmullin, Benjamin Mullin on LinkedIn and New York Post

New York Times:

The judge in Trump's NY criminal trial ordered reporters on April 18 to not disclose jurors' job info and warned against sharing jurors' physical descriptions — Some news reports have included details about jurors that had been aired in open court. One was excused after she developed concerns about being identified.

Jessica Testa / New York Times:

A look at Highsnobiety, a creative consultancy and clothing line, as well as magazine and website led by EIC Willa Bennett covering fashion and youth culture — Willa Bennett, the editor of Highsnobiety, at the Bowling Green subway station near its offices in New York.Lanna Apisukh for The New York Times

Discussion: @ericnewcomer, Nichelle Sanders on LinkedIn, Sara McAlpine on LinkedIn and Nick Papa on LinkedIn

Daniel Tencer / Music Business Worldwide:

Short-form video app Triller is merging with Hong Kong financial services company AGBA; Triller shareholders will own 80% of the combined company valued at $4B — Financially troubled social media app and TikTok competitor Triller is merging with a Hong Kong financial services company …

Discussion: Los Angeles Times and Billboard

Neel Dhanesha / Nieman Lab:

Q&A with Erica Heilman, host of “Rumble Strip”, an independent podcast she created in 2013 that chronicles how Vermont changed over the years — “I only make unimportant things now, but it's all the unimportant things that really make up our lives.”

Discussion: @rumblestripvt and @neel_dhan

Emma Roth / The Verge:

Twitch plans to roll out its TikTok-style discovery feed later in April, letting users scroll clips and livestreams, after testing the feature for a year — After nearly a year of testing, Twitch's new TikTok-style discovery feed will finally roll out to all users later this month.

Discussion: The Information and Tubefilter, more at Techmeme »

Jonathan Barrett / The Guardian:

James Warburton, the CEO of Australia's Seven West Media since 2019, steps down; CFO Jeff Howard will take over as CEO starting on April 19 — Media executive's exit comes as broadcaster faces a number of controversies — Get our morning and afternoon news emails, free app or daily news podcast

Discussion: Mumbrella, Variety and Deadline

Souhail Karam / Bloomberg:

A Tunisian court sentences prominent government critic and journalist Mohamed Boughalleb to six months in prison for defamation, renewing press freedom concerns — A Tunisian court jailed for defamation a reporter who's one of President Kais Saied's most prominent critics …

Discussion: Committee to Protect … and Fox News

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More News:

Amy Thomson / Bloomberg:
Music rights investor Concord agrees to buy Hipgnosis Songs Fund in a deal valuing the song catalog company at ~$1.4B, capping a period of turmoil for Hipgnosis

Discussion: Financial Times, Reuters, Billboard, The Wrap, Variety, The Guardian, City A.M. and Digital Music News

Charlotte Tobitt / Press Gazette:
An analysis of the gender pay gap in UK media: 76% of the biggest media organizations increased the proportion of women in their top pay tier from 2022 to 2023

Discussion: @pressgazette

The Economic Times:
VerSe Innovation, the parent of Indian news aggregator Dailyhunt, acquires New York-based digital magazine store Magzter in an undisclosed cash and stock deal

Discussion: Financial Express, YourStory, Storyboard18, Moneycontrol and TechCrunch

Russell Brandom / Rest of World:
How Oscar winner RRR's success brought a wave of Telugu-language movies to Netflix's US catalog, about 50% of which is now made up of non-English content

Discussion: @restofworld@restof.social

Gene Maddaus / Variety:
A Los Angeles ethics agency fines former CBS CEO Les Moonves $15K for misconduct in obtaining confidential police info about a sexual assault claim against him

Discussion: New York Post, Los Angeles Times, The Wrap, @mhanson101@union.place, @iamiysha.bsky.social, @pppatticake.bsky.social, The Hollywood Reporter, @parsnip.bsky.social, @arunadsouza.bsky.social and Deadline

Sheena Vasani / The Verge:
TikTok starts rolling out TikTok Notes, its Instagram rival for sharing photo and text content, for limited testing in Australia and Canada on Android and iOS

Discussion: @tiktokcomms, Music Ally, The Guardian, @tiktokcomms and TechCrunch, more at Techmeme »

Earlier Picks:

Kate Knibbs / Wired:
How one author gained a limited copyright for the “selection, coordination, and arrangement of text” from AI, as the US Copyright Office wrestles with AI law

Discussion: The Information, @blipclinic, @ai_machinations, @ai_machinations, @magdaromanska, @peterhndrsn, @brooklynlaw, @knibbs, @mahendra.bsky.social and Variety, more at Techmeme »

Andrew Deck / Nieman Lab:
A look at Newsweek's use of AI, including in video production, an AI-focused Live News desk for breaking stories, and letting the tech write some first drafts

Discussion: @decka227

James Careless / TV Tech:
Parks Associates: US households with internet now consume an average 43.5 hours of video per week across all viewing devices, up from 37.2 hours in 2020

Discussion: The Desk

Thomas Brewster / Forbes:
After Forbes found 120+ YouTube videos and 27 Google ads promoting AI deepfake porn tools and “nudifier” Telegram bots, Google took them down

Discussion: @rashishrivast18, @ttp_updates and @iblametom

Oliver Darcy / CNN:
Uri Berliner says he is resigning from NPR as he “cannot work in a newsroom where I am disparaged by a new CEO whose divisive views confirm” NPR's problems

Discussion: The Guardian, Observer, New York Post, Poynter, New Jersey Online, @renee.diresta@threads.net, @southpaw_radio@threads.net, @normative@threads.net, @samsanders, @samsanders, @samsanders, @maxwelltani, @davidfolkenflik, The Hill, @benmullin, @mikeisaac, @viajoshhunt, @thefp, @audiecornish, @nycsouthpaw, @howardkurtz, @davidfolkenflik, Tedium, @heminator, @aghamilton29, @bariweiss, @normcharlatan, @brien_jackson, @oldarenaghost, @ijbailey, @dgreenbaum, @ernie.tedium.co, @dkiesow@threads.net, Politico, @normative@threads.net, @normative@threads.net, @melodykramer@threads.net, Associated Press, New York Times, Washington Post, NPR, @kalihays1@threads.net, MediaPost, Newser, @yonetteajoseph@threads.net, Inside Radio, The Present Age, @davelevitan.bsky.social, NewsNation, JONATHAN TURLEY, @jbouie.bsky.social, @kevinmkruse.bsky.social, Mediaite, @jbouie.bsky.social, CBS News, Fox News, @zammer.bsky.social, Talking Biz News, @ryansingel@writing.exchange, @marcchannick.bsky.social, Current, Fox News, @uberliner and Slate

Sam Tobin / Reuters:
UK court documents: actor Hugh Grant settled a lawsuit against The Sun publisher News Group Newspapers over claims of using private investigators to phone tap

From Techmeme:

Elizabeth Lopatto / The Verge:
A US judge sentences Binance founder Changpeng Zhao to four months in prison for failing to establish adequate anti-money laundering protections

Mishaal Rahman / Android Authority:
An APK review suggests the Rabbit R1 runs Android and its entire UI is powered by a single Android app; founder Jesse Lyu says “rabbit r1 is not an Android app”

Amazon:
Amazon reports Q1 revenue up 13% YoY to $143.3B, a $10.4B net income, vs. $3.2B YoY, $15.3B operating income, vs. $4.8B YoY, subscription sales up 11% to $10.7B

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