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1:45 PM ET, February 4, 2025

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 Top News: 
Sean Burch / The Wrap:
Fox plans to launch a subscription-based streaming service by year-end that will be priced “relatively low” and target those who don't pay for traditional TV  —  Fox Corp. CEO Lachlan Murdoch says the SVOD will be priced “relatively low” and target viewers who do not pay for traditional TV
RELATED:
Dade Hayes / Deadline:
Fox Corp reports Q2 revenue up 20% YoY to $5.08B, vs. $4.82B est., ad revenue up 21% to $2.4B, driven by political ads, sports, and news, and a $388M net income  —  The company posted earnings per share of 81 cents and revenue of $5.08 billion in its fiscal second quarter, which ended December 31.
Anne Steele / Wall Street Journal:
Spotify reports Q4 revenue up 16% YoY to €4.2B, MAUs up 12% YoY to 675M, subscribers up 11% YoY to 263M, and €1.14B in 2024 net income, vs. a €532M loss in 2023  —  Price increases, cost discipline help audio-streaming giant pivot from heavy spending on growth to sustained profits
Max Tani / @maxwelltani:
Memo: the Los Angeles Times is offering a voluntary buyout program to all employees who have worked at the paper for at least two years  —  In an email to staff shared with me, the LA Times says it's offering voluntary buyouts to all staff who have been there for more than two years. [image]
Steven Levy / Wired:
TED head Chris Anderson announces his intention to step down after 25 years and hand over TED to whoever presents the best idea for its future  —  In an exclusive interview with WIRED, the British entrepreneur shares why it's time to move on from TED.  —  For 25 years, Chris Anderson …
Amanda Friedman / Politico:
The White House Correspondents' Association announces that Amber Ruffin, a writer at Late Night With Seth Meyers, will headline its annual dinner on April 26  —  Ruffin will host the April 26 event in Washington.  —  The White House Correspondents' Association announced on Tuesday that Amber Ruffin …
Wall Street Journal:
Major US publishers and authors sue Idaho over a new law limiting minors' access to books with “harmful” material, arguing the law is unconstitutionally broad  —  Major U.S. publishers sue Idaho over law regarding minors' access to books with certain sexual content
Leo Marchandon / Reuters:
Publics reports FY 2024 net revenue of €13.97B, representing 5.8% organic growth vs. its 5.5% guidance, and expects organic growth of 4% to 5% in 2025  —  Publicis (PUBP.PA), the world's largest advertising group by market capitalization, announced on Tuesday it expects organic growth …
Dominic Ponsford / Press Gazette:
The Sun launches The Sun Club, a £1.99-per-month paywall for access to some premium online content, including columnists like Jeremy Clarkson, and other perks  —  The Sun has launched a limited paywall charging £1.99 per month for access to some premium online content.
Discussion: The Guardian and The Sun
 
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 More News: 
Ingrid Lunden / TechCrunch:
Toronto-based programmatic ad startup StackAdapt raised $235M led by Teachers' Venture Growth, after raising $300M from Summit Partners in 2022
Charlotte Tobitt / Press Gazette:
Tortoise names two co-CEOs: Emma Sullivan, its managing director who helped lead the Observer deal, and Richard Furness, a former Guardian Media Group executive
Christopher Palmeri / Bloomberg:
In a letter to CBS Monday, Sony says it is taking over worldwide distribution of Wheel of Fortune and Jeopardy! on February 10; CBS plans a restraining order
Lucas Shaw / Bloomberg:
Q&A with Warner Bros. Records CEO Aaron Bay-Schuck and co-chairman and COO Tom Corson about reviving the label, seeding music on TikTok first, and more
 Earlier Picks: 
Michael Swerdlow / Columbia Journalism Review:
Facing the Trump administration's attacks, US public media should expand its public funding pool, focus on local content, and reduce its reliance on syndication
New York Times:
Sources: Bill Owens, the head of 60 Minutes, told staff he would not apologize as part of any prospective settlement in a lawsuit brought by Trump against CBS
Rick Porter / The Hollywood Reporter:
Nielsen and Paramount settle a monthslong contract dispute with a new agreement that covers both linear and streaming measurement across Paramount's portfolio
Diana Lodderhose / Deadline:
Largo.ai, an AI analytics platform for the film, TV, and ad industries, raised a $7.5M Series A from Sylvester Stallone and others
 

 
From Techmeme:

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities

Casey Newton / Platformer:
A look back at five years of Meta's Oversight Board, whose rulings on the relatively small number of cases it hears have generally had limited impact
 
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