Mediagazer: Source: Paramount and Charter extend contract renewal talks; the contract, which affects Paramount's cash flow amid buyout talks, was set to expire on April 30 (Jennifer Maas/Variety)

5:53 PM ET, April 30, 2024

Top News:

Todd Spangler / Variety:

Amazon reports Q1 ad revenue up 24% YoY to $11.8B, vs. $11.7B est., driven by the growth of its Stores and Prime Video businesses — Amazon raked in $11.82 billion in advertising revenue for the first quarter of 2024, topping analyst expectations, fueled by the ecommerce giant's move …

Discussion: The Wrap, The Hollywood Reporter, SlashFilm and Deadline, more at Techmeme »

Annie Palmer / CNBC:

Amazon Q1: revenue up 13% YoY to $143.3B, net income of $10.4B, vs. $3.2B YoY, operating income of $15.3B, vs. $4.8B YoY, subscription revenue up 11% to $10.7B — Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.

Discussion: Wall Street Journal and Reuters, more at Techmeme »

Katie Robertson / New York Times:

Eight daily newspapers owned by Alden sue OpenAI and Microsoft, accusing them of using copyrighted articles without permission to train generative AI products — The suit, which accuses the tech companies of copyright infringement, adds to the fight over the online data used to power artificial intelligence.

Discussion: Axios, NPR, Associated Press, Justin Finnegan on LinkedIn, The Hollywood Reporter, The Wrap, The Hill, @sarafischer, New York Daily News, The Information, @sarafischer, City A.M., Bloomberg and Financial Times, more at Techmeme »

Sara Guaglione / Digiday:

The Athletic has ~2.95M newsletter subscribers, up nearly 20% YoY; Comscore: it had 17.6M unique visitors in the US in March 2024, up from 6.6M a year prior — This article was provided as an exclusive preview for Digiday+ members, who were able to access it early.

Discussion: Chris Sprow on LinkedIn, Meg Linehan on LinkedIn and Claudio E. Cabrera on LinkedIn

The New York Times Company: The Athletic names Laura Williamson as its editor-in-chief for the UK and Europe, making her the first female EIC of a daily sports publication in the UK

Sahil Patel / The Information:

Sources: Google has agreed to pay News Corp $5M to $6M annually to develop new AI-related content and products, as part of the Google News Initiative — Google has agreed to pay Wall Street Journal owner News Corp between $5 million and $6 million annually to fund the news organization's development …

Discussion: MediaPost, Reuters and Engadget, more at Techmeme »

Ken Klippenstein:

The Intercept's Ken Klippenstein resigns, citing the outlet's corporatization and saying its “fear of funders is more important than journalism itself” — I resigned from The Intercept today in order to pursue a new kind of journalism here on Substack, one more hard-hitting than what's possible in the corporate world.

Jennifer Maas / Variety:

Source: Paramount and Charter extend contract renewal talks; the contract, which affects Paramount's cash flow amid buyout talks, was set to expire on April 30 — Paramount Global and Charter Communications agreed to extend their talks on a deal renewal, which — for now …

Discussion: Los Angeles Times, Bloomberg, Deadline and The Hollywood Reporter

Timothy B. Lee / Asterisk:

Tech journalism is often characterized by scandals, sensationalism, and shoddy research; publishers hesitate to invest in nuanced reporting without a clear ROI — A huge proportion of tech journalism is characterized by scandals, sensationalism, and shoddy research. Can we fix it?

Discussion: @brianwilt, @adamkovac, Beyond Search, @adamthierer, @rob_lh, @chastaylor, @robinwauters, Stuart McDonald on LinkedIn, @rao_hacker_one, @calebwatney, @binarybits, @tomaxwell, @kelseytuoc, LinkedIn and Observer, more at Techmeme »

Benoit Berthelot / Bloomberg:

UAE-backed RedBird IMI withdraws from the Telegraph and Spectator auction, which starts today, and will look to sell on its rights to the UK outlets — After a bruising few months, UAE-backed investor RedBird IMI is withdrawing from its attempt to acquire the Telegraph newspaper and Spectator magazine …

Discussion: New York Times, Reuters, Telegraph, Al Jazeera, Mediaite, City A.M., Financial Times, The Wrap, The Guardian, @steven_swinford, @pippacrerar and Deadline

Tyler Aquilina / Variety:

Survey: 33% of Peacock users were still using the free tier in Q1 2024, though new sign-ups ended in January 2023; 24% of Peacock Premium users stream it daily — As the ever-shifting SVOD business continues to evolve, one key challenge now confronting streamers is how to handle subscription plans that no longer exist.

Discussion: Streaming Better and Adweek

Ingrid Lunden / TechCrunch:

NYC-based newsletter platform beehiiv raised a $33M Series B led by NEA, taking its total raised to $46.5M, and says the service has ~20K active newsletters — With the number of people using e-mail globally approaching 5 billion, newsletters delivered regularly into people's inboxes continue …

Discussion: The Information, @rafat, @iamjasonlevin, @beehiiv, @ryansingel@writing.exchange, Faraz Fatemi on LinkedIn, @simondowens@threads.net, @denk_tweets, Beehiiv and Jacob Wolf on LinkedIn, more at Techmeme »

Bloomberg:

The EU opens a DSA investigation into Meta over deceptive Facebook and Instagram ad and political content; sources say the probe is about a pro-Kremlin campaign — - Probe said to target pro-Putin Doppelganger campaign — Meta probe is under the EU's tough new Digital Services Act

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Alex Barinka / Bloomberg:
In its first TikTok Shop Safety Report, TikTok reports 500K+ sellers in the US and 15M+ sellers worldwide in December 2023, adding 6M+ in H2 2023

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Mia Sato / The Verge:
Instagram updates its recommendation algorithms to remove aggregator accounts, hoping to promote original content and increase distribution to smaller accounts

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Sudip Kar-Gupta / Reuters:
Arnaud Lagardère resigns as chair and CEO of French publishing group Lagardère SA, after an indictment accused him of misappropriating company funds

Discussion: Fortune, Financial Times, Bloomberg, Le Monde.fr, Dow Jones Newswires and Deadline

Charlotte Tobitt / Press Gazette:
Reader's Digest UK Editor-in-Chief Eva Mackevic says the magazine will close in the UK after 86 years, citing the “unforgiving magazine publishing landscape”

Discussion: MediaPost, The Guardian, The Drum, Steph Bridgeman on LinkedIn and Eva Mackevic on LinkedIn

Georg Szalai / The Hollywood Reporter:
Everyone TV, a joint venture between the BBC, ITV, Channel 4, and Channel 5, launches free streaming service Freely on smart TVs, targeting internet-only homes

Discussion: The Desk, The Sun, WORLD SCREEN, Deadline and Variety

Rachel Kurzius / Washington Post:
A profile of Samir Mezrahi, the ex-BuzzFeed social media director behind Zillow Gone Wild, which has 4M+ followers and a spin-off HGTV show debuting in May

Discussion: @jeremymbarr

Earlier Picks:

Alexandra Topping / The Guardian:
As News UK's TalkTV closes its linear channel and moves online, experts say the future of both of UK's broadcasting upstarts, TalkTV and GB News, is uncertain

Tom Phillips / The Guardian:
How the 2018 killing of Rio de Janeiro councilor Marielle Franco inspired a generation of journalists to investigate the city's dangerous underworld

Jon Henley / The Guardian:
In its annual report, Civil Liberties Union for Europe says media freedom is declining across the EU and “perilously close to breaking point” in some countries

Discussion: @jeffjarvis and Politico

Wall Street Journal:
Sources: NBCUniversal is prepared to pay an average of about $2.5B per year to air a package of NBA games, as WBD makes last-ditch efforts to keep those rights

Discussion: Awful Announcing, CNBC, Business Insider, Sportico, Next TV, Quartz, The Wrap, Yahoo Finance, The Streamable, TVLine, Front Office Sports, New York Post, The Desk, @tvgrimreaper, Deadline, @2xaught7.bsky.social, Barrett Media and Sports Media Watch

New York Times:
OAN retracts a story that said Trump's ex-lawyer Michael Cohen had an affair with Stormy Daniels and apologizes, part of a settlement with no monetary damages

Discussion: One America News Network, The Daily Beast, Poynter, @nycsouthpaw, HuffPost, CNN, Mediaite, Deadline and The Hill

From Techmeme:

Frederic Lardinois / TechCrunch:
Microsoft launches Copilot Extension for GitHub, letting developers build third-party skills into Copilot, starting with DataStax, Stripe, MongoDB, and more

Bloomberg:
Sources: in the event that China invades Taiwan, ASML and TSMC have ways to disable their sophisticated chipmaking machines; ASML reassured Dutch officials

Bradley Keoun / CoinDesk:
Farcaster, a blockchain-based social media project built on Ethereum, raised $150M in a round led by Paradigm and says it has 350K paid sign-ups

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