Mediagazer: Filing: Warner Bros. Discovery CEO David Zaslav's 2023 compensation package was worth $49.7M, up 26.5% from the year prior, with $23.1M in stock awards (Todd Spangler/Variety)

8:55 PM ET, April 19, 2024

Top News:

Todd Spangler / Variety:

Filing: Warner Bros. Discovery CEO David Zaslav's 2023 compensation package was worth $49.7M, up 26.5% from the year prior, with $23.1M in stock awards — David Zaslav, president and CEO of Warner Bros. Discovery, had a 2023 pay package worth $49.7 million, up 26.5% from the year prior …

Ruth La Ferla / New York Times:

Graydon Carter opens a physical store called Air Mail Newsstand in NYC, as an extension of his digital newsletter Air Mail, selling books, magazines, and more — Shoe horns, lampshades and CBD-infused elixirs are among the goods Graydon Carter is selling at a new newsstand-style shop in New York.

Discussion: Showbiz411, Harrison Vail on LinkedIn and @nbj914

Emma Roth / The Verge:

Post.News, the news-focused social platform launched in 2022 that offered micropayments to publishers, is shutting down after failing to grow “fast enough” — Post News, a Twitter alternative that emerged in the wake of Elon Musk's takeover, is shutting down.

Discussion: TechCrunch, @josh@josh.tel, @polotek@social.polotek.net, @NevadaWolf@birds.town, @timothyjchambers@threads.net, @SteveThompson@mastodon.social, @hellodavidryan@threads.net, @bluesky, @stop@threads.net and @Hey_Beth@sfba.social, more at Techmeme »

Lola Fadulu / New York Times:

Nicholas Welker, leader of a white supremacist group who admitted to posting a death threat against a Brooklyn journalist, is sentenced to 44 months in prison — Nicholas Welker admitted posting the death threat, which was meant to to silence coverage of the extremist group he led, prosecutors said.

Discussion: US Department of Justice, Brooklyn Eagle, @pressfreedom and @egavactip

Bron Maher / Press Gazette:

At a town hall, GB News CEO announced job cuts affecting 40 roles, its first major round of cuts after its 2021 launch; GB News had 295 staffers in May 2023 — It is the first major redundancy exercise since the broadcaster launched. — GB News chief executive Angelos Frangopoulos …

Discussion: @smartin and The i Paper

Todd Spangler / Variety:

Netflix plans to stop reporting subscriber numbers and Average Revenue per Membership from Q1 2025, as 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.

Sarah Whitten / CNBC:
Netflix reports Q1 revenue up 15% YoY to $9.37B, vs. $9.28B est., paid memberships up 16% YoY to 269.6M, vs. 264.2M est., and net income up 79% YoY to $2.33B

Discussion: Netflix, @lucas_shaw, @lanceulanoff, @sherman4949, @lucas_shaw, MediaPost, Next TV, Business Insider, IndieWire, The Information, Yahoo Finance, Variety and The Hollywood Reporter, more at Techmeme »

Andrew Beaujon / Washingtonian:

Interviews with over a dozen current and former WAMU staffers and contractors show management's contradictory, unclear messaging about its closure of DCist — The star-crossed marriage of Washington's NPR member station and a feisty digital news publication came to an abrupt end in February.

Discussion: @combs@mastodon.art, @srepetsk@dmv.community and @wesleylowery

Nathan Grayson / Aftermath:

The New York Times' thriving games business prompts others to try to replicate its success, such as with Hearst's acquisition of Puzzmo, but games coverage lags — “The ad market is terrible. There's very real news fatigue. There's tons of alternative sources for news that aren't even news agencies."

Discussion: @jason_koebler, @jasonkoebler@mastodon.social, @vahn16, @chaykak, @vahn16, @vahn16, @slhamlet, @vahn16, Digiday and The Daily Beast

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.

Bron Maher / Press Gazette:

Inside the turmoil at UK-based nonprofit newsroom Open Democracy, whose leadership team says it could have been insolvent by June without 40% cost cuts — Turmoil at the top of Open Democracy has led to legal letters being sent. — Open Democracy could have gone into liquidation by June …

Discussion: @martinjdocherty, @adamramsay, @pressgazette, @pressgazette and @jdowsea

Liam Scott / Voice of America:

The USAGM names former Washington Post journalist Michael Abramowitz as the director of VOA, overseeing 48 language services reaching ~354M people weekly — The U.S. Agency for Global Media on Friday named Michael Abramowitz as the new permanent director of Voice of America.

Discussion: USAGM, New York Times, Freedom House and @VOANews@mastodon.social

Jay Allred / @jayallred651:

[Thread] The California Journalism Protection Act is good for big media and hedge funds like Alden, but not for indie local outlets like the Richland Source — Can we talk about Google and the California Journalism Protection Act for a minute? 1/

Discussion: @jayallred651, @jayallred651, @jayallred651, @jayallred651, @jayallred651, @jayallred651, @jayallred651, @jayallred651 and @jayallred651

Megan Specia / New York Times:

RSF: London has become a “hot spot” of transnational threats against Iranian journalists, including from Iranian government, its proxies, and opposition groups — Iranian reporters and broadcasters in Britain have suffered physical attacks, threats and surveillance …

Discussion: Nikos Panagiotou on LinkedIn, Reporters Without Borders and r/Journalism

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