Top News:
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
Discussion:
Variety, Reuters, Fast Company, Billboard, The Wrap, Bloomberg, Music Ally, Seeking Alpha, @richlightshed, LightShed Partners, Deadline, The Verge, @thetranscript_, @thetranscript_, @spotifynews, @eldsjal, Music Business Worldwide, Telecompaper, Spotify, The Independent, 9to5Mac, Irish Independent, Business Standard, RTÉ, Yahoo Finance and Spotify Technology S.A., more at Techmeme »
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.
Discussion:
Variety, Adweek, The Wrap, TVNewsCheck, Variety, Reuters, CNBC, Investing.com, Fox Corporation, The Hollywood Reporter and Associated Press
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 — In a letter to CBS Monday, Sony said it has assumed those duties for shows scheduled to start airing the week of Feb. 10.
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 …
Discussion:
TED Conferences, @tedtalks, @johnmsweeney, @stevenlevy, @tedchris and TED Blog
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 …
Discussion:
AdNews News, Wall Street Journal, MediaPost, Adweek, Adweek, PRWeek, @publicisgroupe, RTTNews, More About Advertising, GlobeNewswire News Room, Bloomberg, Financial Times, Ad Age and The Drum
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 — Bill Owens, the show's executive producer, addressed his staff as CBS's parent company, Paramount, pursues a legal settlement with the president.
Discussion:
Washington Post, TVNewsCheck, Reuters, HuffPost, The Independent, IJR, RedState, @brianstelter, The Wrap, @joshsternberg.com, Fox News, @brianstelter, @brianstelter, Daily Mail, New York Post, CNN and Chicago Tribune
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]
Discussion:
@1amorey, @cmarinucci, @alexckaufman, @dilanesper, @genepark, @charlesornstein, @kateoharewrites, @blowryontv, @hearinladotcom, @byalexhalverson, @nicksologist, @tatecurtis, @davidfolkenflik, @bymeg, @esotouric, @lainaminute, @sahrasulaiman, @jonfranks, @karyncaplan, @saba_h, The Wrap and @mirandacgreen
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 — The new agreement covers both linear and streaming measurement across Paramount's portfolio. — Nielsen and Paramount have settled a months-long contract dispute.
Discussion:
AdExchanger, Next in Media, Benzinga, Axios, @whatsonpplus, Media Play News, @nielsen, Deadline, @bradat, @mrschimpf, @kerrymflynn, @jbflint, @bristei, Awful Announcing, TV Tech, TVNewsCheck, Reuters, Radio & Television …, The Wrap and MediaPost
Matthew Keys / The Desk:
Tegna lays off at least 18 journalists from its national fact-checking team at Verify and directs viewers to its local TV stations where Verify's work continues — Local television broadcaster TEGNA has laid off nearly two dozen journalists who worked on the company's national fact-checking team.
Discussion:
Adweek, Mediaite, @qualityhammer@techhub.social, @thedesk.net, TVNewsCheck and NewscastStudio
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
Robin Buller / The Guardian:
How California newsrooms are fighting mass deportation rumors: developing toolkits, publishing resource guides, training readers in media literacy, and more — As rumored raids fuel anxiety about mass deportations, outlets are offering resources and debunking falsehoods
Discussion:
@mlnow and @madbair.bsky.social
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 — Two music bosses share the future of TikTok, the right price for Spotify and the key to breaking new music acts.
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