Mediagazer: Sources: RedBird IMI prepares to withdraw its Telegraph bid as early as next week, triggering an auction expected to draw bids from Rupert Murdoch and others (Financial Times)

1:05 PM ET, April 26, 2024

Top News:

Katie Robertson / New York Times:

G/O Media sells The Onion to Global Tetrahedron, a new Chicago firm owned by former Twilio CEO Jeff Lawson; former NBC News senior reporter Ben Collins is CEO — The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion's staff.

Discussion: Axios, TechCrunch, Columbia Journalism Review, @jeffiel, @skyler_higley, The Hollywood Reporter, @jakesheridan_, @danspenser, @oneunderscore__, The Onion, @goldengateblond, @urocklive1, @blackamazon, @mollygos, @taylorlorenz, @oneunderscore__, @canteverdie, @jeffiel, @bendreyfuss, @david_darmofal, @lrozen, @buccocapital, @oneunderscore__, @oneunderscore__, @jeffjarvis@mastodon.social, @theonion, @kylekoster, @teddyschleifer, @socialistdogmom, @andrewbucholtz, @kenbensinger, UPI, @bobschooley@threads.net, @whaddatwit, Editor and Publisher, @katie_robertson, Awful Announcing, @erikawittekind@threads.net, Deadline, @powerllama@duck.haus, @malaclypse.bsky.social, @WarnerCrocker@mastodon.social, @rincewind.run, @lindaholmes.bsky.social, @ernie.tedium.co, @bencollins.bsky.social, Axios, Mediaite, @tacoavenger.bsky.social, Business Insider, MediaPost, @petegain.es, Variety, The Daily Beast, @briank.bsky.social, @edbott.com, The Wrap and @katie_robertson, more at Techmeme »

Alex Weprin / The Hollywood Reporter:

Memo: CNN's Poppy Harlow is leaving the network; she joined in 2008 and most recently co-hosted CNN This Morning, which was effectively canceled earlier in 2024 — Harlow, a veteran of the cable network, told colleagues about her departure Friday morning, a couple of months after ‘CNN This Morning’ was effectively canceled.

Discussion: Vanity Fair, CNN, TVLine, Mediaite, New York Post, Variety, Los Angeles Times, The Daily Beast, Deadline, @dylanbyers and @poppyharlowcnn

Financial Times:

Sources: RedBird IMI prepares to withdraw its Telegraph bid as early as next week, triggering an auction expected to draw bids from Rupert Murdoch and others — Resulting auction process expected to attract bidders including Rupert Murdoch and hedge fund boss Paul Marshall

Discussion: The Guardian, City A.M. and Bloomberg

The New York Times Company:

The New York Times says it will continue to cover Biden “fully and fairly” regardless of whether he gives the paper a sit-down interview — A spokesperson for The New York Times responds to recent reporting about a free press and reporting on the president.

Discussion: Fox News, Mediaite, Politico, Deadline, @laurachapin, @jeffjarvis, @nytimespr, @denisewu, @markjacob16, @laurachapin, @markjacob16, @froomkin, @markjacobnews@threads.net, @dangillmor@mastodon.social and Politico

Sarah Scire / Nieman Lab:

An interview with CalMatters CEO Neil Chase on how the The Markup acquisition happened, consolidation uptick in nonprofit news, and why there is more to come — Nonprofit news has seen an uptick in mergers, acquisitions, and other consolidations. CalMatters CEO Neil Chase still says “I don't think we've seen enough yet.”

Discussion: Talking Biz News

Alex Sherman / CNBC:

Sources: Paramount and Skydance move closer to a deal, but Paramount's renewal agreement with Charter, which has an April 30 deadline, is a significant hurdle — WATCH NOW — Paramount and Skydance inch closer to a merger as key hurdle looms — Paramount Global and Skydance Media …

Discussion: The Wrap, The Streamable, Alex Sherman on LinkedIn and Deadline

Charlotte Tobitt / Press Gazette:

GB News co-owner Paul Marshall steps down from the board of GB News after three year, amid reports he is considering a new rival bid to buy the Telegraph — Sir Paul Marshall said he was leaving GB News on a “secure growth trajectory”. — GB News co-lead investor Sir Paul Marshall …

Discussion: Mediaite and The Independent

Tom Jones / Poynter:

Q&A with Kelly O'Donnell, NBC News White House senior correspondent and WHCA president, ahead of the WHCD on April 27, on changes in media access and more — Advocating for her press corps colleagues has become a second full-time job for NBC News' senior White House correspondent.

Discussion: Poynter Institute on LinkedIn, Deadline, The Guardian, Voice of America and The Hill

Reuters:

Burkina Faso suspends the radio broadcasts of BBC Africa and VOA for two weeks over their coverage of a report accusing the army of extrajudicial killings — Burkina Faso has suspended the radio broadcasts of BBC Africa and the U.S-funded Voice of America (VOA) for two weeks over their coverage …

Discussion: Voice of America, Politico and The Indian Express

Wall Street Journal:

A look at the competition for NBA live sports media rights after the 2024-25 season, involving Amazon's Prime Video, YouTube, NBCUniversal, Disney, and WBD — League is advancing toward lucrative deals with incumbent partners and is in talks with tech giants as well as NBCUniversal

Discussion: @chriskeall, Sports Media Watch and Tubefilter

Todd Spangler / Variety:

YouTube's Q1 ad revenue climbs 21% YoY to $8.1B, vs. $7.72B estimated, its highest Q1 total to date — YouTube keeps eating up more share of the advertising pie: The Google-owned video giant posted $8.1 billion in ad sales for the first quarter of 2024, its highest Q1 total to date.

Discussion: MediaPost, Next TV, Music Ally, Alphabet, Android Authority, @munster_gene, The Wrap, Deadline and The Hollywood Reporter, more at Techmeme »

Jennifer Maas / Variety:

Roku reports Q1 revenue up 19% YoY to $882M, vs. $848.62M est., a net loss of $50.9M, compared to $193.6M YoY, and 81.6M active accounts, up 1.6M from Q4 2023 — Roku reported its first-quarter 2024 earnings Thursday, revealing the company reached 81.6 million active accounts …

Discussion: Next TV, Tv Technology, Advanced Television, MediaPost, The Streamable, The Desk, TechCrunch, AdExchanger, Media Play News, The Wrap, Deadline, The Hollywood Reporter, Roku, Reuters and Cord Cutters News, more at Techmeme »

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More News:

Ashley Capoot / CNBC:
Snap reports Q1 revenue up 21% YoY to $1.19B, vs. $1.12B est., DAUs up 10% YoY to 422M, a net loss of $305M, compared to $329M YoY; SNAP jumps 20%+

Discussion: Fast Company, Reuters, The Guardian, @eric_seufert, Nir Ehud on LinkedIn, Ellie Rogers on LinkedIn, Social Media Today, @carnage4life@mas.to, The Information, Ad Age, Bloomberg and Deadline, more at Techmeme »

ABC News:
Ex-AMI CEO David Pecker testifies again in Trump's NY trial and says he believes Trump's motivation to kill negative stories was about the campaign, not family

Discussion: New York Times, CBS News, @farhip, Washington Post, @lawofruby, New York Times, @malmer.com, Forbes, New York Daily News and CBS News

Etan Vlessing / The Hollywood Reporter:
Prime Video will air NHL games on Monday nights in Canada for the 2024-25 and 2025-26 seasons, after striking a deal with rights holder Rogers Communications

Discussion: The Desk, Reuters, SportsPro, Barrett Media, StreamTV Insider, Jeffrey Kaiser on LinkedIn, Kelly Day on LinkedIn, About Rogers, Globe and Mail, The Streamable, Media Play News and Advanced Television

Elvira Pollina / Reuters:
Journalists at Italian state broadcaster RAI plan a 24-hour strike May 6 against “suffocating control” of their work by Giorgia Meloni's right-wing government

Earlier Picks:

Dominic Ponsford / Press Gazette:
AA/WARC report: UK ad spend grew 6.1% YoY to £36.6B in 2023, with search advertising up 11.9% to £14.7B and national newsbrands spending down 6.3% to £774M

Discussion: Advanced Television, City A.M. and Android Headlines

Jordan Moreau / Variety:
Harvey Weinstein's accusers slam the 4-3 court decision overturning his 2020 conviction; he remains jailed due to his 2022 Los Angeles trial conviction

Cecilia Kang / New York Times:
The FCC votes 3-2 to reinstate net neutrality rules, expanding government oversight of ISPs and aiming to protect consumer access to the internet

Laura Kukkonen / Columbia Journalism Review:
After a reporter for Aamulehti, Finland's second-largest daily, acknowledged in his autobiography that he fabricated stories, the paper removes 551 articles

Discussion: @sulliview and @bgrueskin

From Techmeme:

Vlad Savov / Bloomberg:
Nintendo and Sony fell by 10%+ on April 7 amid a widespread selloff in Japan exacerbated by US tariffs; most Switch hardware is assembled in China and Vietnam

Mark Gurman / Bloomberg:
How Apple may adjust to the US tariffs; sources say the iPhone 17 Pro's camera panel will span the width of the phone and will be the same color as the device

Mark Gurman / Bloomberg:
Sources: Apple is keeping TikTok and other ByteDance apps on its US App Store for at least another 75 days, following assurances from AG Pam Bondi

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