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9:05 PM ET, February 4, 2025

Mediagazer

 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.
Todd Spangler / Variety:
Alphabet reports YouTube Q4 ad revenue up 14% YoY to $10.47B, vs. $10.23B est., driven by the US election as both political parties almost doubled 2020 spending  —  YouTube, the internet's biggest streaming video platform, delivered a healthy 13.8% increase in global ad revenue …
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
Jameel Jaffer / New York Times:
Each legal settlement with Trump by powerful media organizations weakens the freedoms they rely on, damages their credibility, and pressures other outlets  —  Judge Learned Hand, revered for his eloquent and consequential defense of free speech at the height of World War I, came to fear …
Scott Feinberg / The Hollywood Reporter:
Netflix distances itself and its Oscar promotions for the film Emilia Pérez from Karla Sofía Gascón after controversy over her earlier posts on social media  —  The Hollywood Reporter has learned that the film's embattled best actress Oscar nominee Karla Sofía Gascón …
Mike Masnick / Techdirt:
Elon Musk accused an X user, who named federal staff in a post X then removed, of “a crime”, showing what actual government social media censorship looks like  —  For years, we've watched self-proclaimed “free speech warriors” hyperventilate about imaginary government control of social media content moderation.
Sara Fischer / Axios:
Reuters is expanding its Middle East presence by bringing its flagship leadership summit, Reuters NEXT, to Abu Dhabi in October and launching an Arabic website  —  - London said the company plans to expand its new subscription offering to the region with its Arabic website.
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]
 
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 More News: 
Jonathan Vanian / CNBC:
Snap reports Q4 revenue up 14% YoY to $1.56B, vs. $1.33B est., global DAUs up 9%, issues light Q1 guidance, names Ajit Mohan as CBO; SNAP jumps 10%+ after hours
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
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
 Earlier Picks: 
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
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
Leo Marchandon / Reuters:
Publicis 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
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
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
 

 
From Techmeme:

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

Shashwat Chauhan / Reuters:
The US CFTC announces that spot crypto asset contracts will begin trading for the first time on CFTC-registered futures exchanges

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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