Mediagazer: A look at The Cool Down, a climate-focused news outlet that makes $5M in programmatic advertising per year and aims to reach $12M per year in 2025 (Clara Aberneithie/Press Gazette)

6:50 AM ET, April 22, 2024

Top News:

Analysis: the 25 most-cited US news organizations lost 75% of their Facebook engagement and 58% of their Instagram interactions between Q1 2022 and Q1 2024 — Waves of layoffs and policy shifts are forcing campaigns to change tactics, potentially transforming the 2024 election

Discussion: @beneltham

Ben Smith / Semafor:

Sources: Axel Springer sees the WSJ as a “top acquisition target”; CEO Mathias Döpfner pushed to fire BI's Nic Carlson after Bill Ackman's pushback on coverage — The WELT-Wirtschaftsgipfel is a major moment in the German business calendar — and in particular for its host, the media giant Axel Springer.

Discussion: @jonathan_miller, @shakeelhashim, @corbinhiar, @pauldemko and @tomaxwell

John Koblin / New York Times:

Antenna: ~25% of US streaming video subscribers, or 29M+ users, canceled three or more in the past two years, as users increasingly jump between services — Many more people are jumping from one streaming subscription to another, a behavior that could have big implications for the entertainment industry.

Discussion: Cosmin Ene on LinkedIn, Christian Grece on LinkedIn, @sportstvratings and David Vogler on LinkedIn, more at Techmeme »

Cuyler Dunn / The Lawrence Times:

How high school student journalists convinced a district in Kansas to remove their files from an AI surveillance system, saying it violated their press rights — Journalism students at Lawrence High School have convinced the school district to remove their files from the purview …

Discussion: Kansas Reflector, @daveleebbg@threads.net and @ctdunn7

Robert Simmon / Global Investigative Journalism Network:

A look at the use of satellite imagery for investigative journalism by outlets including Reveal, Bellingcat, The New York Times, and ProPublica — Almost 25 years ago, The Washington Post reported on the first picture delivered by the brand-new Ikonos satellite.

Discussion: @gijn and @gijn

Lucas Shaw / Bloomberg:

The hangover from the Hollywood strikes has lasted longer than anyone anticipated, as studios, networks, and streaming services simply aren't buying as much — Everyone was supposed to get back to work once two strikes concluded last year, but the hangover has been longer than anyone anticipated.

Discussion: @empirecitybo, @back_the_bbc, @ashkan and @lucas_shaw

Michael Msika / Bloomberg:

PE firm Blackstone offers ~$1.5B to purchase Hipgnosis, about 7% higher than the bid made earlier this week by Concord to which Hipgnosis' board had agreed — - Competition heats up for Blondie, Kaiser Chiefs catalog owner — Hipgnosis already recommended Apollo-backed Concord's offer

Discussion: Reuters, City A.M., The Guardian, Sky News, Music Business Worldwide, Digital Music News, Financial Times, Variety, CMU and Billboard

Stephanie Kaloi / The Wrap:

New York passes a first-of-its-kind employment tax credit plan to support independent news outlets in the state, offering $30M in yearly credits for three years — The plan aims to support independent news organizations with three years of funding — The New York state Legislature passed …

Discussion: The NewsGuild, Rebuild Local News, @davidclinchnews, @shannan_w_clark, Axios, @buffaloguild, @newsguild, @newsguild, @stevenwaldman, @stevenwaldman, @stevenwaldman and Editor and Publisher

New York Times:

How TikTok has influenced US culture and shaped Hollywood, news, music, shopping, political campaigns, national security, and more — Has there ever been an app more American seeming than TikTok, with its messy democratic creativity, exhibitionism, utter lack of limits and vast variety of hustlers?

Discussion: MediaNama, @thedragonfeeder, @sapna, @abedian_amiri, @nytimes, @actionhero, @nunez_anna, @rutgerscomminfo, @jordynjournals, @jordynjournals, @dealbook, @nytimes and Heather Hosey on LinkedIn, more at Techmeme »

Clara Aberneithie / Press Gazette:

A look at The Cool Down, a climate-focused news outlet that makes $5M in programmatic advertising per year and aims to reach $12M per year in 2025 — The Cool Down is the fastest-growing top 50 news website in the US. — A US news website taking a positive approach to coverage …

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: @kalihays1@threads.net, The Present Age, @crumbler@threads.net, @J12t@social.coop, @lessin, TechCrunch, @bluesky, Media Nation, @josh@josh.tel, @polotek@social.polotek.net, @cardamomaddict@mstdn.ca, @stop@threads.net, @Hey_Beth@sfba.social, @SteveThompson@mastodon.social, @hellodavidryan@threads.net, @NevadaWolf@birds.town and @timothyjchambers@threads.net

Charlotte Klein / Vanity Fair:

The Trump campaign has denied press credentials for several reporters, often after tough questions or articles; in 2016, it denied them for entire news outlets — Reporters from The Washington Post, Axios, and Vanity Fair have recently been rejected, though blanket bans, à la 2016, don't appear to be happening.

Discussion: @aweissmann_, @joycewhitevance, @davidcorndc, @brianstelter, @civex, @mlcalderone and @curtishouck

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More News:

Charlie Smart / New York Times:
A look at the media diets of jurors and alternates in Trump's trial, based on a questionnaire; 13 of 18 get news from The NYT, 5 from Google, and 2 from TikTok

Discussion: @tomgara, @jackhealynyt, @awzurcher, @jbenton, NPR, The Hill and Metro.co.uk

Todd Spangler / Variety:
A consultant sues Chicken Soup for the Soul Entertainment, alleging he is owed “several million dollars” for work he did for the company's $370M Redbox deal

Discussion: @xpangler and @variety

Sharon Knolle / The Wrap:
Sesame Workshop writers reach a tentative deal with management, narrowly avoiding a strike; the 35 WGA members will vote to ratify the deal in the coming days

Discussion: Variety, @wgaeast, Deadline, The A.V. Club, NPR, Writers Guild of America …, Los Angeles Times, Rolling Stone and The Hollywood Reporter

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

Discussion: @pressfreedom, @egavactip, New York Daily News, Brooklyn Eagle and US Department of Justice

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

Discussion: Media Voices, @vahn16, @vahn16, @slhamlet, @jason_koebler, @vahn16, @vahn16, @chaykak, @jasonkoebler@mastodon.social and Digiday

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

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

Earlier Picks:

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

Discussion: @southpaw_radio@threads.net, @kcivey@mastodon.social, @wesleylowery, @acdha@thepit.social, @combs@mastodon.art and @srepetsk@dmv.community

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

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

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

Discussion: @airmailweekly, @nbj914, Harrison Vail on LinkedIn and Showbiz411

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

Discussion: Mediaite, @brucel, @petebritish, @jimcognito2016, @sirpeterpurvis, @brucelawson@social …, @smartin and The i Paper

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

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

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

From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November

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