Top News:
Lauren Feiner / The Verge:
President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20 — The divest-or-ban bill is now law, starting the clock for ByteDance to make its move. The company has an initial nine months …
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Alex Barinka / Bloomberg:
Biden signing the TikTok divestment bill starts a 270-day countdown for a sale or a US prohibition; sources say ByteDance sees divestiture as a last resort — - China's ByteDance faces deadline to sell app under new US law — Company braces for legal fight against divest-or-ban efforts
Discussion:
Digiday, Fast Company, New York Times, Axios, Jeremiah Lee on LinkedIn, NBC News, Gizmodo, Fox News, Washington Post, GB News, Forbes, The Indian Express, Polygon, @pelstrom, Peter Elstrom on LinkedIn, AppleInsider, The Hollywood Reporter, The Daily Beast, TechCrunch, Variety, Billboard, CBS News, Fortune and The Hill, more at Techmeme »
Foo Yun Chee / Reuters:
TikTok is suspending the rewards program in TikTok Lite while it tries to resolve EU concerns about the potentially addictive nature of the program for children — TikTok will voluntarily suspend its new app TikTok Lite's reward programme while it tries to resolve EU concerns, the company said on X social media platform on Wednesday.
Will Oremus / Washington Post:
Meta, Google, Snap, and Amazon all benefit from the US TikTok ban; Mark Zuckerberg criticized TikTok's Chinese roots in 2019, part of Meta's broader campaign — Meta has struggled for years to fend off TikTok. Now Meta and Google are poised to reap the rewards of a potential ban.
Discussion:
The Sun, The Indian Express and @willoremus@mastodon.social, more at Techmeme »
M.G. Siegler / Spyglass:
Whether TikTok is banned or not, this is the end as we know it for the loss-making app, which may lose focus due to advertiser, creator, and staff uncertainty — The tok is tiking... Later today, President Biden will sign a bill which, among other things, will put TikTok on the clock.
Discussion:
Reuters, Ad Age, CNBC and Wired, more at Techmeme »
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
Discussion:
Social Media Today, Light Reading, Wired, Music Ally, @digiphile, @crumbler@threads.net, @kevintgates@threads.net and CNBC, more at Techmeme »
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 …
Discussion:
Federal Trade Commission, Reuters, CBS News, Phil Cooper on LinkedIn, Peter Williams on LinkedIn, Todd Saunders on LinkedIn, Owais Durrani on LinkedIn, Jeffery Commaroto on LinkedIn, Wesley Kennedy-Sita on LinkedIn, Washington Post, The Register, Semafor, New York Times, The Hill, Harry Cosgrove on LinkedIn, Steve Katcher on LinkedIn, @carnage4life, @bryanranderson, @quinnypig, Amy Barnes on LinkedIn, @cjjsaez, @ftc, Adam Taft on LinkedIn, Sang Park on LinkedIn, Peter Dziedzic on LinkedIn, Girish Nadkarni on LinkedIn, @gergelyorosz, @ftc, Engadget, @reporterashley, Michael Shea on LinkedIn, @bongcapital, Alan Lasky on LinkedIn, @nick_bunker, @katachora@hachyderm.io, @lexfri@hachyderm.io, @stevestreza@indieweb.social, @geerlingguy@mastodon.social, @karabaic@mastodon.social, @tacertain@infosec.exchange, @LLS@wandering.shop, @MisuseCase@twit.social, Sportico, Deadline, Variety, Wired, Fortune, HousingWire, The Information, STAT, HuffPost, Gizmodo, New York Daily News, Fast Company, CNN, Ad Age, KING-TV, The Verge and Wall Street Journal, more at Techmeme »
Alexandra Bruell / Wall Street Journal:
An interview with NPR CEO Katherine Maher, who defends NPR and accuses critics of “bad faith distortion” of her past comments about the First Amendment — Katherine Maher said controversy stemming from an editor's essay criticizing the radio network has been a distraction
Discussion:
@edbmarsh, The Hill and @jonathanturley
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New York Times:
Sources detail NPR's struggles with declining audiences, falling sponsorship revenue, internal conflicts over turning things around, and a diversity push — NPR employees tuned in for a pivotal meeting late last year for a long-awaited update on the future of the public radio network.
Discussion:
@benmullin, @davidfolkenflik, @benmullin and @benmullin
Meta Investor Relations:
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024 — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024.
Discussion:
Variety, Financial Times, Reuters, Wall Street Journal, Bloomberg, Deadline and The Hollywood Reporter, more at Techmeme »
Daniel Thomas / Financial Times:
Apollo-backed US investment group Concord increases its bid for Hipgnosis Songs Fund, to $1.5B, just over the last offer from Blackstone — Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival's bid — Hipgnosis Songs Fund has found itself at the centre …
Discussion:
Billboard, Music Business Worldwide, Digital Music News and City A.M.
Tom Jones / Poynter:
How the Columbia Daily Spectator, the independent student newspaper of Columbia University, is covering the tense protests over the Israel-Hamas war — The Columbia Daily Spectator has expertly documented tense protests over the Israel-Hamas war inside and outside the campus.
E. Alex Jung / New York Magazine:
A profile of Mehdi Hasan, whose aggressive interviewing helped him get an MSNBC show, as he now embraces the “canceled” label to launch his Zeteo substack — Mehdi Hasan's aggressive interviewing style landed him a Sunday show on MSNBC. Until he started talking about Palestine.
Katie Kilkenny / The Hollywood Reporter:
Members of the iHeart Podcast Union file an unfair labor practice claim against iHeartMedia; the union represents around 100 producers, hosts, and others — Staffers who are unionized with the Writers Guild of America East are alleging that management has engaged in intimidating behavior …
Discussion:
Radio & Television …, @iwriteok, @wgaeast and Writers Guild of America …
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