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12:45 AM ET, February 5, 2025

Mediagazer

 Top News: 
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 …
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
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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
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 …
Chris Welch / The Verge:
Sources: Sonos will release an Android-based streaming box in the coming months, priced between $200 and $400, that combines content from Netflix, Max, and more  —  After the most tumultuous nine months in Sonos' history, the brand is trying to find its footing again.
Christopher Grimes / Financial Times:
Netflix hopes its expansion into live programming boosts its nascent ad business; Bernstein estimates its two NFL games generated up to $180M in US advertising  —  Streaming group hopes boxing, wrestling and other events can also boost nascent advertising business
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 …
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
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  —  Snap shares jumped in extended trading Tuesday after the company reported better-than-expected fourth-quarter results.
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.
 
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 More News: 
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
Ingrid Lunden / TechCrunch:
Toronto-based programmatic ad startup StackAdapt raised $235M led by Teachers' Venture Growth, after raising $300M from Summit Partners in June 2022
 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
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
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
 

 
From Techmeme:

Mark Gurman / Bloomberg:
A closer look at the iPhone 17 “Air”, which lays the foundation for major design changes in future devices, including possible portless and foldable iPhones

Bloomberg:
Baidu releases Ernie X1, an AI model that articulates its reasoning similarly to DeepSeek R1, and upgrades its flagship foundation model to Ernie 4.5, both free

Tom Dotan / Wall Street Journal:
A profile of Chetan Nayak, who leads Microsoft's Station Q team trying to build a quantum computer; source: Microsoft spends ~$300M annually on quantum research
 
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