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Sources: Warner Bros. Discovery plans more cost-cutting to hit financial targets for next year, including raising Max prices and the possibility of more layoffs — - Job cuts are possible as executives look for more savings — CEO eyes streaming operations' marketing, technology costs
Discussion:
Engadget, The Hill, The Desk, Awful Announcing, The Streamable, Reuters, Next TV, Lucas Shaw on LinkedIn, 9to5Google and @lucas_shaw


An investigation into AdVon, the company behind Sports Illustrated's fake writers, finds its AI content and fake authors at the LA Times, Miami Herald, and more — A few years back, a writer in a developing country started doing contract work for a company called AdVon Commerce …
Discussion:
Jacob Hurwith on LinkedIn, @newsguild, @bcmerchant, @mattdpearce, @noellemitchell@mstdn.social, Sean Blanda on LinkedIn, @willyblackmore, @shwinyo, @natematias@social.coop, @jtlg@mastodon.lawprofs.org, @jvagle@mastodon.lawprofs.org, @mags_h11, @mags_h11, @taylorlorenz, @mags_h11, @knibbs, @ai6yr@m.ai6yr.org, @mattzollerseitz, @nxthompson, @caleweissman, @weareyourfek, @pkafka and @taylorlorenz@mastodon.social, more at Techmeme »


The NYT added 210,000 digital subscribers in Q1, for 10.5M subscribers in total, up 8% YoY, and ad revenue fell 2.4% YoY to $103.7M; the OpenAI lawsuit cost $1M — Adjusted operating profit was $76.1 million, an increase of about 41 percent from a year earlier.
Discussion:
Engadget, @benmullin, The Wrap and Charles Miller on LinkedIn
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The NYT reports Q1 revenue up 6% YoY to $594M, subscription revenue up 13% YoY to $293M, operating profit up 73% YoY to $48.3M, Athletic revenue up 33% to $37M — NEW YORK, May 8, 2024 - The New York Times Company (NYSE: NYT) announced today first-quarter 2024 results. Key Highlights
Discussion:
Rory Maloney on LinkedIn


The New York Times Games rolls out a Wordle archive with 1,000+ past puzzles for “Games” and “All Access” subscribers, and adds its WordleBot to NYT Games app — The New York Times Games announced on Tuesday that it's launching a Wordle archive …
Discussion:
The New York Times Company, Fast Company, Gizmodo and The Verge


Disney Advertising strikes a deal with Walmart Connect to let advertisers target Disney's streamers, including Disney+ and Hulu, using Walmart's shopper data — The new retailer-CTV partnership promises detailed sales attribution data — Disney Advertising struck a deal with Walmart Connect …
Discussion:
The Desk, MediaPost, Julia Thornton on LinkedIn, Dana McGraw on LinkedIn and AdExchanger


How investigative journalists in Ukraine face increasing intimidation, as some worry outlets are censoring themselves, seeing patriotism as trumping journalism — Jamie Dettmer is opinion editor at POLITICO Europe. — KYIV — “I ran investigations for 15 years before the war, and it was always hard and risky.


EchoStar reports losing ~348K net pay TV subscribers in Q1, vs. a 552K drop in Q1 2023, and revenue down 8% YoY to $2.7B; Sling TV subscribers fell 135K to 1.9M — Telecom mogul Charlie Ergen's EchoStar is led by Hamid Akhavan as president and CEO, with Ergen serving as executive chairman.
Discussion:
The Streamable, Deadline and Streaming Better


Sky announces Sky Sports+, a new service starting in August that will increase coverage of the English Football League and more, as part of its EFL partnership — Sky has announced it will launch Sky Sports+ this August, a service it says will be “transformational in the amount of choice sports fans …
Discussion:
Daily Mail, The Athletic, The Guardian and WORLD SCREEN


Source: last month, Sundial Media bought Refinery29 for ~$30M, or roughly its 2023 revenue; Refinery29 buys trade beauty show Beautycon to move away from ads — - The company bought Refinery29 for roughly the same amount that the publisher made in top-line revenue in 2023, which was $30 million, a source told Axios.
Discussion:
Wall Street Journal


NBCUniversal signs deal to make iHeartMedia the exclusive audio partner for the 2024 Paris Olympics; iHeartMedia will create an original iHeartPodcast — Pact includes new podcast from ‘Las Culturistas’ hosts Bowen Yang and Matt Rogers — NBCUniversal inked a deal with iHeartMedia making …


Fox Corp reports Q3 revenue down 15% YoY to $3.4B, ad revenue down 33% YoY to $1.2B, a $704M net income, up from a $50M loss YoY, $1.9B affiliate fee revenue — The owner of Fox, Fox News and Fox Sports hosted the Super Bowl a year ago, leading to the advertising decline.
Discussion:
@brianstelter, @jbflint, Fox, @jbflint, Variety, @jbflint, The Wrap, @jbflint and WORLD SCREEN


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.
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