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6:40 PM ET, April 27, 2024

Mediagazer

 Top News: 
Alex Sherman / CNBC:
Sources: Paramount Global's board is preparing to fire CEO Bob Bakish as soon as Monday, after he lost the trust of controlling shareholder Shari Redstone  —  Bob Bakish, then president and chief executive officer of Viacom Inc., speaks during the Mobile World Congress Americas event in Los Angeles …
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Jessica Toonkel / Wall Street Journal:
Sources: Paramount Global's board is considering replacing CEO Bob Bakish with an “Office of the CEO” made up of division heads on an interim basis  —  Entertainment giant would install a committee of top executives to run an ‘Office of the CEO’ on an interim basis; no decision has been made on Bakish's future
Jeff Jarvis / BuzzMachine:
The New York Times is broken, shown by its entitled, petulant reaction to Politico's report on its tense relationship with Biden  —  It gives me no satisfaction to say this — indeed it fills me with trepidation for the nation — but The Times is broken.
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Martin Pengelly / The Guardian:
Howard Stern of SiriusXM snags a surprise interview with President Biden, following reports of Biden's refusal so far to give The NYT a sit-down interview  —  President drops by Sirius XM studios to speak with the shock jock as Donald Trump sat in a courtroom downtown
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
Andrew Marchand / The Athletic:
Sources: Amazon Prime Video has a framework deal for NBA broadcast rights for at least a decade, starting in 2025-26; ESPN/ABC is expected to keep the finals  —  In what will be a landmark move in sports media history, the NBA and Amazon Prime Video have the framework of a deal …
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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.
Johanna F. Still / The Assembly NC:
Some former staff at StarNews say the Wilmington, NC, daily is diminished under Gannett, as it fades in a death spiral with no clear path to profitability  —  It was a front page that forever changed Wilmington: “Toxin Taints Tapwater,” splashed in fat, black font.
Matt Grant / KXAN-TV:
Media advocates denounce an Austin TV photojournalist's arrest amid campus protests; one calls for a law shielding journalists from law enforcement interference  —  AUSTIN (KXAN) — A FOX 7 photojournalist was released from jail Thursday — one of dozens of people arrested during …
Sarah Perez / TechCrunch:
Curio, which uses AI to deliver journalism via audio, is raising funds for Rio, an app that scans headlines and creates a daily news briefing in audio or text  —  AI may be inching its way into the newsroom, as outlets like Newsweek, Sports Illustrated, Gizmodo, VentureBeat, CNET, and others have experimented with the format.
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.
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
 
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 More News: 
Charlotte Tobitt / Press Gazette:
GB News co-owner Paul Marshall steps down from the board of GB News after three years, amid reports he is considering a new rival bid to buy the Telegraph
Discussion: Mediaite and The Independent
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
Discussion: Talking Biz News
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
 Earlier Picks: 
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
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%+
Todd Spangler / Variety:
YouTube's Q1 ad revenue climbs 21% YoY to $8.1B, vs. $7.72B estimated, its highest Q1 total to date