Top News:
Benjamin Mullin / New York Times:
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:
@benmullin
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The New York Times Company:
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
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:
Fox News, @renee.diresta@threads.net, @davidfolkenflik, @davidfolkenflik and Fox News
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.
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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 …
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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
Discussion:
The Desk, The Verge, Android Headlines, @alexweprin, CNN, @thetranscript_, @thetranscript_, The Wrap, Business Insider, MediaPost, TVNewsCheck, Engadget, CBS News, The Hollywood Reporter, Reuters, City A.M., Financial Times, The Walt Disney Company, WORLD SCREEN, The Information, Ad Age, Fast Company, CNBC, Next TV, Quartz, The Wrap, Los Angeles Times, New York Times, Deadline, Bloomberg and Variety
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
Reuters:
A Moscow court places veteran Russian journalist Nadezhda Kevorkova in pre-trial detention for two months on suspicion of “justifying terrorism”, per her son — Veteran Russian journalist Nadezhda Kevorkova was placed in pre-trial detention for two months by a Moscow court …
Discussion:
Fox News
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:
@internews, @niemanlab and Internews
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
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
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:
Business Insider, @knibbs, @extremeknibbs@threads.net and 9to5Mac
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
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
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.
Kyle Wiggers / TechCrunch:
OpenAI is developing a Media Manager tool, slated for release by 2025, to let content owners identify their works to OpenAI and control how they are used — OpenAI says it's developing a tool to let creators better control how their content is used in AI. — Called Media Manager …
Discussion:
The Information, Ars Technica, Neowin, Wired, Voicebot.ai and VentureBeat, more at Techmeme »
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Deepa Seetharaman / Wall Street Journal:
OpenAI releases a tool to detect DALL-E 3-created images, claiming 98% accuracy for unaltered images, and joins Microsoft and Adobe's content credentials group
Discussion:
Microsoft On the Issues, Engadget, Quartz, New York Times, Reuters, ZDNet and TechCrunch
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