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6:50 AM ET, April 22, 2024

Mediagazer

 Top News: 
Washington Post:
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.
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.
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
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 …
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?
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.
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.
 
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 More News: 
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
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
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
 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
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
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
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