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7:46 AM ET, April 25, 2024

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 Top News: 
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.
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Ashley Capoot / CNBC:
Meta's stock dropped 15%+ after hours on weak Q2 revenue guidance and higher FY 2024 capital expenditures due to increased AI infrastructure investments  —  Mark Zuckerberg, CEO of Meta, testifies during the Senate Judiciary Committee hearing titled “Big Tech and the Online Child Sexual Exploitation Crisis …
Manish Singh / TechCrunch:
Indian streaming service JioCinema launches an ad-free subscription plan with the lowest tier costing $0.35/month for a single device, undercutting rivals  —  JioCinema, the popular Indian on-demand video-streaming service, introduced a new monthly subscription plan on Wednesday, with the lowest tier costing just 35 cents.
Georg Szalai / The Hollywood Reporter:
TelevisaUnivision reports Q1 revenue up 7% YoY to $1.1B, adjusted OIBDA fell 9% YoY to $328.5M, and expects its DTC business to be profitable in H2 2024  —  The Spanish-language media giant, led by Wade Davis, sees 2024 as “a historic year for us,” saying that “we expect that to drive commensurate political ad revenue.”
Discussion: Variety and TelevisaUnivision
Georg Szalai / The Hollywood Reporter:
Comcast reports Q1 Peacock revenue rose 54% YoY to $1.1B, a $639M loss, down from $704M in Q1 2023, and paying subscribers up 55% YoY to 34M  —  NBCUniversal parent Comcast, led by chairman and CEO Brian Roberts, reported its first-quarter earnings. … The streamer ended March …
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 …
Discussion: CNBC, Silicon UK, Music Ally, @tiktokpolicy, Associated Press, Politico, ABC7, Digital Music News, Zack Stern on LinkedIn, @lanceulanoff, @rlheinrichs, @kyurieff, @aripap, @michaelsobolik, @nathanleamerdc, @michaelsobolik, @maxwinebach, @adamkovac, @themaxburns, @michaelsobolik, @repdancrenshaw, @alexgrayforok, @djvlad, @jeromysonne, @aghamilton29, @blackleftaf, @kellymakena, @alyssafarah, @steventdennis, @ldrogen, @tiktokpolicy, @mtracey, @viacristiano, @jameeljaffer, @cinemasai_, @munster_gene, Morten Rand-Hendriksen on LinkedIn, @potus, @tomwarren, @danprimack, Tubefilter, Music Business Worldwide, @ddimolfetta, @carnage4life, @mkraju, @brendancarrfcc, @yashar, @alexbarinka, @deedydas, @viacristiano, @therecount, @drjessmaddox, @deanbaker13, @hankgreen, Neowin, GB News, Android Authority, India Today, GSMArena.com, The Independent, Android Headlines, Mothership.SG, Axios, Total Telecom, KnowTechie, London Evening Standard, Semafor, Politico, Kiplinger.com, Android Police, Dexerto, Infosecurity, Semafor, XDA Developers, PetaPixel, Forbes, DJ Mag, Tom's Guide, Comic Book, Android Authority, PCMag, Newsweek, Business Insider, Social Media Today, PR Daily, Florida Politics, Far Out Magazine, Bloomberg, Australia & World, Mastodon, Silicon UK, @alexheath@threads.net, @jw@threads.net, @ezeekat@threads.net, Benzinga, One Man & His Blog, Variety, 9to5Mac, Rolling Stone, AppleInsider, Engadget, Bloomberg, The Daily Beast, The Information, Wired, NBC News, TechCrunch, Washington Post, The White House, Wall Street Journal, Fast Company, @mattontech@mastodon.sdf.org, Music Ally, The Guardian, The Guardian, Wall Street Journal, BGR, New York Times, ComingSoon.net, CNN, The Indian Express, Reuters, @NeoNacho@mastodon.social, The Daily Beast, Neowin, Wired, The Register, Engadget, The Wrap, Sydney Morning Herald, Mumbrella, Ad Age, Gizmodo, MediaPost, Billboard, South China Morning Post, The Verge, Platformer, New York Daily News, The Hill, r/popculturechat, r/politics and Beehaw, more at Techmeme »
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Sam Roberts / New York Times:
Alfonso Chardy, whose methodical reporting led The Miami Herald to a Pulitzer Prize for exposing the Iran-contra scandal in 1986, died on April 9 at age 72  —  A Miami Herald correspondent, he powered a team that won a Pulitzer Prize for investigative reporting and helped snare three other Pulitzers for the paper.
Discussion: @francesrobles
Alex Weprin / The Hollywood Reporter:
Proxy filing for TKO Group Holdings: Endeavor's Ari Emanuel received a pay package of nearly $65M in 2023, the year that Endeavor merged UFC and WWE  —  TKO, the owner of the WWE and UFC, disclosed its executive pay packages in its proxy filing.  —  Endeavor's $21 billion deal to merge …
Discussion: The Wrap, Variety and Deadline
Scharon Harding / Ars Technica:
Reddit says its Dynamic Product Ads, which use “shopping signals” to automatically show relevant ads to users, are entering public beta globally  —  Reddit says its “communities are naturally commercial.”  —  Reddit has made it clear that it's an ad-first business.
Robbie Farias / Austin American-Statesman:
A photojournalist for TV station Fox 7 Austin was arrested after an altercation with state troopers at a pro-Palestinian protest at the University of Texas  —  A photojournalist with FOX 7 Austin was arrested during a pro-Palestinian protest at the University of Texas at Austin on Wednesday.
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.
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 More News: 
Will Sommer / Washington Post:
The founder of The Gateway Pundit says its parent company is filing for Chapter 11 bankruptcy, as it faces lawsuits claiming it promoted bogus election claims
Foo Yun Chee / Reuters:
TikTok suspends the rewards program in TikTok Lite while the company tries to resolve EU concerns over the potentially addictive nature of Lite for children
 Earlier Picks: 
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
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
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
 

 
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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