Mediagazer: Internews survey of 25 exiled news outlets: all but two are financially dependent on philanthropic or institutional funding, 28% are fully funded by donors (Hanaa' Tameez/Nieman Lab)

2:55 AM ET, May 8, 2024

Top News:

Jennifer Maas / Variety:

Disney CEO Bob Iger says Marvel is going to reduce output and focus on quality by releasing “about two TV series a year” and a “maximum of three” films per year — Disney CEO Bob Iger says the company is shrinking the MCU with a new mission to drop the number …

Discussion: Empire, Screen Rant, The Hollywood Reporter, @tvgrimreaper, The Playlist, New York Post, @ballmatthew, The Wrap, Business Insider, Jackie Szymanski on LinkedIn, Gizmodo, The Guardian, ComingSoon.net, SlashFilm, TVLine, Deadline and The A.V. Club

CNBC:
Disney reports Q2 revenue up 1% YoY to $22.08B, vs. $22.11B est., with Disney+ and Hulu hitting a combined quarterly profit for the first time

Robbie Whelan / Wall Street Journal:
Disney's streaming unit reports a loss of $18M in Q2, down from a $659M loss YoY, and says it is on track to achieve streaming profitability in Q4 2024

Discussion: @tvgrimreaper, Dylan Jones on LinkedIn, Axios, Media Play News and The Hollywood Reporter

Loree Seitz / The Wrap:
Bob Iger says Disney+ will add a new ESPN tile by the end of 2024, with “select live games and studio programming” for US subscribers

Discussion: The Hollywood Reporter, UPROXX, IndieWire, AdExchanger, Awful Announcing, Digital Trends, Sportico, The Streamable, Streaming Better, Cord Cutters News, Deadline, Variety and The Verge

Todd Spangler / Variety:
Disney reports Q2 subscribers to Disney+ Core, which excludes Disney+ Hotstar in India and other Southeast Asian countries, up 6% QoQ to 117.6M, above forecasts

Discussion: TVNewsCheck, Engadget, The Streamable and Zach O'Neal on LinkedIn

Thomas Buckley / Bloomberg:
Disney reports Disney+ 153.6M subscribers, vs. 155.66M est., and raises its guidance for FY 2024 earnings growth from 20% to 25%, vs. 25.5% est.; DIS drops 8%+

Discussion: Lucas Shaw on LinkedIn, Advanced Television and The Streamable

Austin Fuller / Current:

NPR CEO Katherine Maher will not attend a US House committee hearing on May 8 looking at alleged NPR bias due to a schedule conflict, but offers to appear later — NPR CEO Katherine Maher will not attend a U.S. House committee hearing Wednesday aimed at looking into alleged ideological bias at the organization.

Discussion: @davidfolkenflik, @renee.diresta@threads.net, Fox News and @davidfolkenflik

Joshua Benton / Nieman Lab:

A historical look at Pulitzer winners shows the decline of local and regional newspapers and the growth in online news outlets, especially at the local level — For the first time ever, more online news sites produced Pulitzer finalists than newspapers did.

Discussion: Rich Jaroslovsky on LinkedIn, @kottke@mastodon.social, @niemanlab@mastodon.social, artofneed, Michael A. Riepe, Ph.D. on LinkedIn, @michaelluo, @jbenton, The New York Times Company, Axios, Poynter and Washington Post

Benjamin Mullin / New York Times:

A look at Chicago's Invisible Institute, a nonprofit newsroom with about a dozen journalists incorporated in 2015 that won two 2024 Pulitzers — The Invisible Institute, a nonprofit newsroom with roughly a dozen journalists, was recognized for local and audio reporting.

Discussion: @chrisahowell@threads.net, NewsLab, Poynter, Poynter, Chicago Tribune, Discourse Blog, Newser and Poynter

Max Tani / Semafor:

Memo: Business Insider Global Editor-in-Chief Nich Carlson is stepping down and will become an editor-at-large focused on longer-term projects — The Scoop — Business Insider's global editor-in-chief is stepping down as the company begins a search for his replacement.

Discussion: @sportsrapport, @nataliekorach@threads.net, @billackman, @sarafischer, @thestalwart, @mjnblack, @julie188, @nichcarlson, Reuters, New York Post, Talking Biz News, Axios, The Wrap and The Daily Beast

Natalie Korach / The Wrap:

Dotdash Meredith unionized workers ratify contracts with management after negotiating since 2021; the deal covers ~160 staffers at People and other magazines — The three-year deal covers approximately 160 staffers at People, Entertainment Weekly and Martha Stewart Living

Discussion: @meredithunion and @nyguild

Hanaa' Tameez / Nieman Lab:

Internews survey of 25 exiled news outlets: all but two are financially dependent on philanthropic or institutional funding, 28% are fully funded by donors — On World Press Freedom Day last week, the International Consortium of Investigative Reporters said in a statement that …

Discussion: @niemanlab, @internews and Internews

Karissa Bell / Engadget:

Substack announces Substack Creator Studio, a program to support 10 US-based video creators to “turn their TikTok channels into Substack shows and communities” — The company says its plans are unrelated to a potential TikTok ban. — Newsletter platform Substack is ramping …

Discussion: Christina Loff on LinkedIn, Washington Post, On Substack and On Substack

Pew Research Center:

Survey: 48% of US adults prefer websites or social media for local news; 15% paid for local news in the last year; 63% believe local outlets do well financially — As news consumption habits become more digital, U.S. adults continue to see value in local outlets — Table of Contents Table of Contents

Discussion: @pewresearch, @pewresearch, @mattdpearce, @knightfdn, @jenrubin9@threads.net, @jackshafer, @dustysneakers_@threads.net, Sarabeth Berman on LinkedIn, @iohn.bsky.social, Nieman Lab and Poynter

Kate Knibbs / Wired:

A look at Musi, a free music streaming app popular among high schoolers that uses YouTube to source music, opening Musi up to legal action from record labels — Musi's free music streaming app is a hit with thrifty teens. The app claims to tap content on YouTube, but some in the music industry question the legitimacy of that model.

Discussion: @knibbs, @extremeknibbs@threads.net and 9to5Mac

Nellie Andreeva / Deadline:

Ricky Strauss, who has been head of marketing at Apple TV+ for 16 months, is leaving; he earlier was president of content and marketing at Disney+ at its launch — Ricky Strauss is leaving Apple TV+ after a 16-month stint as Head of Marketing. — In his role, he was involved …

Discussion: Variety, @rarebre3d, The Wrap, Puck and 9to5Mac

Sarah Perez / TechCrunch:

Meta announces an update to its AI ad tools, which can now make full new images, not just backgrounds, and claims it's adding strong guardrails to prevent abuse — Meta is rolling out an expanded set of generative AI tools for advertisers, after first announcing a set of AI features last October.

Discussion: Facebook, Ad Age, Hadar Dor on LinkedIn, VentureBeat, Neowin, Social Media Today, Bloomberg, The Media Leader and Search Engine Land, more at Techmeme »

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Ashley Capoot / CNBC:
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Alex Weprin / The Hollywood Reporter:
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Deepa Seetharaman / Wall Street Journal:
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Charles Pulliam-Moore / The Verge:
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Sara Fischer / Axios:
Dotdash Meredith inks a deal with OpenAI to license its content to train AI models and work together on products, including Dotdash's ad-targeting tool D/Cipher

Discussion: Engadget, @sarafischer, @sarafischer, Bloomberg, The Wrap, The Information, Sara Fischer on LinkedIn, Dotdash Meredith, The Verge and Reuters

From Techmeme:

Paresh Dave / Wired:
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Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November

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