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5:30 AM ET, May 1, 2024

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 Top News: 
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Melvin Backman / Quartz:
WBD shares hit a 52-week low after a WSJ report suggested WBD could lose rights to NBA games, as NBCUniversal is prepared to bid about $2.5B per year for rights  —  The stock hit a 52-week low and was one of the S&P 500's worst performers of the day  —  Warner Bros Discovery stock hit …
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 …
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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
Aisha Malik / TechCrunch:
Twitch rolls out its TikTok-like discovery feed, launching as a tab within the Twitch iOS and Android apps, showing live streams and clips  —  Twitch is officially rolling out its new TikTok-like discovery feed to all users this week, the company announced on Tuesday.
Thania Garcia / Variety:
Warner Music Group CEO Robert Kyncl and singer FKA twigs testify before a US Senate committee to support a plan to defend people from nonconsensual AI deepfakes  —  ‘We must enact regulation now to safeguard our authenticity and protect against misappropriation of our inalienable rights,’ FKA Twigs said.
Natalie B. Compton / Washington Post:
A profile of Rick Steves, whose travel company makes $120M yearly, published 110 books, filmed 12 seasons of his travel show, and produced 750+ podcast episodes  —  Travel mogul.  Philanthropist.  Legal weed champion.  The real Rick Steves is so much more complex than who you see on TV.
Nielsen:
US audiences gave 67% of their daily ad-supported audio time to over-the-air radio in Q1, 20% to podcasts, and the rest to streaming audio or satellite radio  —  Are you listening?  As the audio horizon expands, the ways audiences are tuning in is shifting.
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.
 
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 More News: 
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
Discussion: Streaming Better
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
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
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
Discussion: The Independent
 Earlier Picks: 
Mia Sato / The Verge:
Instagram updates its recommendation algorithms to remove aggregator accounts, hoping to promote original content and increase distribution to smaller accounts
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