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4:45 AM ET, April 24, 2024

Mediagazer

 Top News: 
Lauren Feiner / The Verge:
The US Senate passes the TikTok divestment bill by a margin of 79-18; the legislation now heads to President Biden, who has committed to sign the bill into law  —  A bill that would force China-based company Bytedance to sell TikTok — or else face a US ban of the platform …
RELATED:
Casey Newton / Platformer:
Legal scholars discuss how the TikTok divestment bill could survive a First Amendment challenge and why the US will likely rely on a national security argument  —  The First Amendment is a major obstacle, scholars say — but it isn't insurmountable  —  On Tuesday, the Senate voted overwhelmingly …
Winston Cho / The Hollywood Reporter:
The FTC bans noncompete clauses that restrict job switching, potentially complicating hiring in Hollywood as firms try to protect trade secrets and other info  —  The FTC on Tuesday voted to prohibit noncompete provisions in contracts, which could usher in a sea change to worker mobility …
Seb Joseph / Digiday:
For the third time, Google delays the deprecation of third-party cookies in Chrome, pushing back its plans to early 2025, after the UK CMA expressed concerns  —  Google is delaying the end of third-party cookies in its Chrome browser — again.  In other unsurprising developments, water remains wet.
Rolling Stone:
Ex-AMI CEO David Pecker testifies about agreeing to be Trump's “eyes and ears” and how the National Enquirer used Michael Cohen's prompts to bash Trump rivals  —  David Pecker testified about his efforts to help Trump win the White House, including by publishing bogus stories about rivals like Ted Cruz
Ashley Carman / Bloomberg:
Spotify Q1: revenue up 20% YoY to €3.6B, MAUs up 19% to 615M, vs. 617.9M est., subscribers up 14% to 239M, and a €168M operating income; SPOT closed up 11.41%  —  - Subscribers to paid Spotify tiers jumped 14% to 239 million  — Swedish audio-streaming company posted record operating profit
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.
Discussion: CalMatters and Current
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 …
 
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 More News: 
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
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
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
 Earlier Picks: 
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
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
 

 
From Techmeme:

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

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

Dan Primack / Axios:
SVB agrees to sell its VC arm SVB Capital, which manages ~$9.8B in assets, to a new entity backed by Brookfield and Sequoia Heritage for $340M in cash
 
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