Mediagazer: The BBC launches BBC Verify US to combat disinformation, led by Analysis Editor Ros Atkins and based in DC, as part of its 2024 US elections coverage plans (BBC Studios)

Jacob Bryant / The Wrap:

Fubo cuts ties with WBD after renewal negotiations for their partnership fell through, citing WBD's “abuse of massive market power” as cause for the decision — The media company accuses WBD of refusing “to engage in good faith negotiations” — Fubo cut ties with Warner Bros. Discovery …

Discussion: The Verge, The Desk, Yahoo Finance, MediaPost, The Streamable, Awful Announcing, Variety and Deadline

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 …

Discussion: @simonjharris, @dcurtis, @christianhern, @benedictevans@threads.net, Media Play News, The Wrap, The Hollywood Reporter and Deadline, more at Techmeme »

Annie Palmer / CNBC:
Amazon reports Q1 revenue up 13% YoY to $143.3B, a $10.4B net income, vs. $3.2B YoY, $15.3B operating income, vs. $4.8B YoY, subscription sales up 11% to $10.7B

Discussion: Annie Palmer on LinkedIn, Richard King on LinkedIn and Wall Street Journal, more at Techmeme »

Sara Guaglione / Digiday:

The Athletic has ~2.95M newsletter subscribers, up nearly 20% YoY; Comscore: the outlet had 17.6M unique US visitors in March 2024, up from 6.6M in March 2023 — This article was provided as an exclusive preview for Digiday+ members, who were able to access it early.

Discussion: Inbox Collective, Awful Announcing, 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

Discussion: @sebsb, @adamcrafton_ and @nytimespr

BBC Studios:

The BBC launches BBC Verify US to combat disinformation, led by Analysis Editor Ros Atkins and based in DC, as part of its 2024 US elections coverage plans — Brand New Digital Experience Enables Up-to-the-Minute, 360-Content via All-New BBC.com, BBC app, Daily Live Pages, Podcasts, Newsletters, and More

Discussion: @leng_cath, @caitrionaperry, @ejhchess, @bbcstudiosuspr, @pressgazette and @back_the_bbc

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

Bloomberg:

A look at potential Telegraph bidders after RedBird IMI walked: Daily Mail proprietor Jonathan Harmsworth, Czech billionaire Daniel Kretinsky, Murdoch, and more — - Conservative-leaning UK newspaper is a coveted media asset — UAE-backed takeover was thwarted by British politicians

Discussion: Reuters, Telegraph, Al Jazeera, City A.M., The Wrap, Financial Times, The Guardian and Deadline

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.

Discussion: @rodmickleburgh, @journalism_joe, @washingtonpost, @rr_edmonds, @greenmelinda, @mswaichingliu81, @sirlupin2, @natbco, @byerussell and @cdarwin@c.im

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.

Discussion: Bloomberg and Traackr, more at Techmeme »

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.

Discussion: Rolling Stone, @rkyncl, The Hill, Billboard, Senate Judiciary Committee, Tech Policy Press, The Hill, Music Business Worldwide, Digital Music News, The Hollywood Reporter, Consequence and Music Ally

Financial Times:

In tests run by executives in advertising, animation, and real estate, OpenAI's Sora generated people with more realistic facial features than Runway or Pika — The FT asked workers in animation, advertising and real estate to test rival AI systems that create short clips

Discussion: @cristinacriddle

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.

Discussion: Business Insider, RADIO ONLINE and Inside Radio