Mediagazer: 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 (Bron Maher/Press Gazette)

12:45 PM ET, April 19, 2024

Top News:

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 — LOS ANGELES — Netflix reported earnings that beat on the top and bottom line after the bell Thursday. — Here are the results:

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

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.

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, MediaPost, @craignewmark, @pressgirlk, @sarabethberman, @calmatters, @calmatters, @calmatters, Adam Ashton on LinkedIn, Sarabeth Berman on LinkedIn, Jim Friedlich on LinkedIn and Talking Biz News

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

David Ingram / NBC News:

Hyundai says it is pausing ads on X, after one ad appeared next to antisemitic and pro-Nazi content; the ad appeared on a user profile that had 55K+ followers — The move came after a Hyundai ad appeared next to antisemitic posts from a user who has posted pro-Hitler content.

Discussion: NBC News, CNN, @markjacob16, @rolandsmartin, @nancylevine, Reuters, ADOTAT with Pesach Lattin !, @scottbudman@threads.net, @goatburgler@threads.net and The Hill

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 …

Discussion: U.S. Securities and Exchange Commission, The Desk, Wall Street Journal, Next TV, Reuters, The Wrap, IndieWire, Los Angeles Times, New York Times, @brucebartlett, @dylanbyers, Hollywood Reporter, Deadline, @lucas_shaw, @2xaught7.bsky.social and @youdoingtoomuch

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 and @pressgazette

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

Sharon Goldman / Fortune:

A look at LinkedIn's Collaborative Articles, a collection of over 10M work-related Q&A articles, as many users claim the tips are low-quality and AI-generated — When Irene Malatesta learned that LinkedIn was launching collaborative articles last year, she was itching to participate.

Discussion: Ken Y. on LinkedIn, Feisal Nanji on LinkedIn, @alexcristache and @sharongoldman

Wall Street Journal:

Internal draft: UK's ICO says Google's Privacy Sandbox falls short and leaves gaps that can be exploited to undermine privacy of users who should be anonymous — In draft report, agency says Google's proposed replacements for cookies have gaps advertisers can exploit

Discussion: @jason_kint and @jason_kint, more at Techmeme »

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.

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More News:

Ben Burgis / Jacobin:
A deep look at the reasons behind the ongoing strike at The Long Beach Post, including layoffs after staffers voted to form a union

Discussion: HuffPost, @jacobin, @lbmguild, @lbmguild and @benburgis

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

Discussion: Columbia Journalism Review and Sundial Media Group

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

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

Discussion: @neel_dhan and @rumblestripvt

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

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

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

Discussion: Committee to Protect … and Fox News

Earlier Picks:

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

Discussion: Mumbrella, Variety and Deadline

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

Discussion: The Information and Tubefilter

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: Anthony S. Casey on LinkedIn, Financial Times, Reuters, The Wrap, Variety, Reuters, Billboard, 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: Media Voices, Plain Dealer and @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

From Techmeme:

Gavin Anderegg / anderegg.ca:
Bluesky is working to become fully decentralized but it could take years amid financial concerns as it makes money only by selling domains for usernames

Mark Gurman / Bloomberg:
How Tim Cook may navigate Trump's presidency, a closer look at Apple's upcoming smart home command center, sources detail a new AirTag coming in 2025, and more

Wall Street Journal:
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