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9:10 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
Jesse Whittock / Deadline:
Wondery UK hires ex-head of studios for Spotify UK and Ireland as its head of podcasts, and launches its paid, ad-free subscription service Wondery+ in the UK  —  Podcast giant Wondery has hired Spotify's Chris Baughen, as it launches the paid-for Wondery+ service in the UK.
Discussion: Variety
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, TelevisaUnivision and Deadline
Eli Stokols / Politico:
Interviews with 24 people reveal the tense relationship between President Biden and the New York Times, beset by misunderstandings, grudges, and a lack of trust  —  Biden's people think they're “entitled.”  The Times says “they're not being realistic.”  —  When news broke one Saturday night …
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
The Information:
Sources: ByteDance is exploring scenarios for selling a majority stake in TikTok US, preferably to non-tech companies, and without the recommendation algorithm  —  ByteDance is internally exploring scenarios for selling a majority stake in TikTok's U.S. business, preferably to companies outside …
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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
Discussion: ComingSoon.net, Vox, Wired, CNBC, Silicon UK, @tiktokpolicy, Music Ally, New York Times, Politico, ABC7, Digital Music News, @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, Zack Stern on LinkedIn, @potus, @tomwarren, @danprimack, Morten Rand-Hendriksen on LinkedIn, NBC News, Tubefilter, @ddimolfetta, @carnage4life, @mkraju, @brendancarrfcc, @yashar, @alexbarinka, @deedydas, @viacristiano, @therecount, @drjessmaddox, @deanbaker13, @hankgreen, Music Business Worldwide, Neowin, Gizmodo, 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, Wall Street Journal, Fast Company, @mattontech@mastodon.sdf.org, Washington Post, The White House, Music Ally, New York Times, The Guardian, The Guardian, Wall Street Journal, BGR, ComingSoon.net, CNN, The Indian Express, CNBC, Reuters, @NeoNacho@mastodon.social, The Daily Beast, Neowin, Wired, The Register, Engadget, The Wrap, Spyglass, South China Morning Post, Washington Post, The Verge, Platformer, r/popculturechat, r/politics and Beehaw, more at Techmeme »
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
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.
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: 
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
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
 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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