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4:40 PM ET, April 23, 2024

Mediagazer

 Top News: 
Ashley Carman / Bloomberg:
Spotify reports Q1 revenue up 20% YoY to €3.6B, MAUs up 19% YoY to 615M, below 617.9M est., subscribers up 14% YoY to 239M, and a €168M operating income  —  - Subscribers to paid Spotify tiers jumped 14% to 239 million  — Swedish audio-streaming company posted record operating profit
Elle Griffin / The Elysian:
Penguin vs. DOJ transcripts: top publishing houses spend most of their money on book advances for big celebrities like Britney Spears and franchise authors  —  In 2022, Penguin Random House wanted to buy Simon & Schuster.  The two publishing houses made up 37 percent and 11 percent of the market share …
Jennifer Schuessler / New York Times:
PEN America cancels its 2024 literary awards ceremony, set for April 29, after months of protests over the organization's response to the war in Gaza  —  The event had been set for April 29, but weeks of escalating criticism of the organization's response to the war had led nearly half of the prize nominees to withdraw.
Adam B. Vary / Variety:
The Blair Witch Project cast requests retroactive residuals and “meaningful consultation” on future projects, after Lionsgate and Blumhouse announced a reboot  —  The directors and producers of the groundbreaking 1999 horror film release a separate statement in support …
Kate Lyons / The Guardian:
Australia's ABC South Asia correspondent Avani Dias says India refused her a standard visa renewal, after issuing a takedown notice to YouTube for her stories  —  Despite eventual visa backflip by authorities, ABC's south-Asia correspondent Avani Dias left after being made to ‘feel so uncomfortable’
Isabela Raygoza / Billboard:
RIAA: Latin music revenue in the US grew 16% YoY to $1.4B in 2023, with total streaming revenue up 17% to $1.3B and paid subscription revenue up 21% to $915M  —  Latin music revenues in the United States continue to hit an all-time high, exceeding the $1 billion mark for a second year in a row …
Erin Doherty / Axios:
iHeartMedia and Deep Blue Sports + Entertainment plan to launch the Women's Sports Audio Network, the “first-ever” audio platform solely for women's sports  —  - The Women's Sports Audio Network, which will be free, is set to include podcasts, sports reports and feature athletes' stories on and off the field.
Amy Graff / SFGATE:
KQED, a Bay Area NPR and PBS affiliate, is initiating buyouts, and may have layoffs or a hiring freeze; in 2023, revenue hit $90.4M and expenses $100.9M  —  KQED is initiating staff buyouts, an effort to reduce costs in the face of a budget deficit, SFGATE has learned.
 
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 More News: 
Sophie Culpepper / Nieman Lab:
Four top editors from Texas, California, and Canada talk about the challenges of running a metro newspaper in the digital era, keeping readers engaged, and more
Discussion: Media Voices
Kristen Hare / Poynter:
In its first open call for funding, Press Forward announces support, over two years, of $100,000 each for 100+ newsrooms focused on underserved audiences
New York Times:
The American Sunlight Project, led by ex-US DHS exec Nina Jankowicz, launches to fight a “campaign by conservatives” to undermine disinformation researchers
Sean Piccoli / Deadline:
Ex-American Media CEO David Pecker was the first witness at Trump's hush money trial, as prosecutors outline National Enquirer's role in “catch and kill” scheme
Nilay Patel / The Verge:
Newsletter service Ghost says it plans to add ActivityPub support in 2024; rival service Buttondown also plans ActivityPub support
 Earlier Picks: 
Alex Sherman / CNBC:
Memo: Aaron LaBerge, the CTO of Disney Entertainment and ESPN, will leave the company after June for personal reasons, to become the CTO of Penn Entertainment
Tariq Panja / New York Times:
Sources: FIFA is close to giving Apple the global rights for its 2025 World Cup-style soccer competition in the US, likely for ~25% of FIFA's first $4B estimate
Natasha Lomas / TechCrunch:
EU opens another TikTok probe and will now formally assess whether TikTok Lite's design, which financially rewards users for watching videos, is “addictive”
Andrew Marchand / The Athletic:
Sources: NBA is seeking new contracts that are at least a decade long with streaming as the main distribution method; Amazon Prime Video, Peacock are contenders
 

 
From Techmeme:

Mark Gurman / Bloomberg:
What to expect from Apple's May 7 event: OLED iPad Pros possibly with M4 chips, 10.9" and 12.9" iPad Airs, and updates to the Apple Pencil and Magic Keyboard

Tom Warren / The Verge:
Microsoft outlines security principles and goals tied to executive compensation packages, following a scathing US Cyber Safety Review Board report in April 2024

Ashley Stewart / Business Insider:
Sources: Bill Gates remains intimately involved in Microsoft's operations, advising on strategy, nurturing Microsoft's relationship with Sam Altman, and more
 
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