Mediagazer: 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 (Ruth La Ferla/New York Times)

1:25 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, Business Insider, IndieWire, The Information, Yahoo Finance, Variety and The Hollywood Reporter, more at Techmeme »

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: Harrison Vail on LinkedIn, Showbiz411 and @nbj914

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

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, IndieWire, The Wrap, Los Angeles Times, New York Times, Hollywood Reporter, @brucebartlett, @dylanbyers, Deadline, @2xaught7.bsky.social, @lucas_shaw and @youdoingtoomuch

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

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: @jdowsea, @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:

UK ICO internal draft: Google's Privacy Sandbox must do more and leaves gaps that can be exploited to undermine the privacy of users who should remain 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 »

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Amy Thomson / Bloomberg:
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