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5:53 PM ET, April 30, 2024

Mediagazer

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

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January

The Linux Foundation:
A survey of 501 organizations globally estimates organizations contribute $7.7B annually to open source software and 86% of contribution value is employee labor
 
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