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5:30 PM ET, February 5, 2025

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The New York Times Company:
The NYT reports Q4 revenue up 7.5% YoY to $726.6M, subscription revenue up 16% YoY to $334.9M, and operating profit up 13.6% YoY to $146.6M  —  NEW YORK, February 5, 2025 - The New York Times Company (NYSE: NYT) announced today fourth- quarter and full-year 2024 results.  Key Highlights
Bron Maher / Press Gazette:
The NYT says 32% of its subscribers do not pay for its news product and subscribe only to either its Games, Cooking, Wirecutter, Audio, or The Athletic products  —  The number of news-only NYT subscribers dropped 30% year-on-year as the company encouraged them onto “bundled” subs.
Todd Spangler / Variety:
In Q1, Disney+ lost a net 700,000 customers worldwide while Hulu gained 1.6M, and operating income hit $312M, up from a $224M loss in Q1 2024, driven by Moana 2  —  Domestic theme parks operating income hurt by hurricane expenses in fiscal Q1 2025  —  Animated blockbuster “Moana 2” …
RELATED:
Emma Roth / The Verge:
Bob Iger says an ESPN streaming service will have “some form of betting and fantasy and a high degree of customization” at its fall 2025 launch
CBS News:
60 Minutes publishes transcripts and video from its interview with VP Kamala Harris that the FCC requested, as the agency reviews the Paramount-Skydance merger  —  We are posting the same transcripts and videos of our interview with Vice President Kamala Harris that we provided to the FCC.
Michael M. Grynbaum / New York Times:
Lara Trump will begin hosting a weekend show on Fox News on Feb. 22; there is no precedent for a sitting president's relative to host a show on a major channel  —  There is no precedent for a sitting president's relative to host a show on a major television news channel.
Axios:
WH press secretary Karoline Leavitt, answering claims that USAID spent millions on Politico subscriptions, says DOGE will cancel $8M in Politico subscriptions  —  - Right-wing personalities are using USAspending.gov to dig up more payments from the government to media organizations …
Jon Allsop / Columbia Journalism Review:
How Trump shutting down USAID, which boasted in recent years of supporting 6,000+ journalists and 700 newsrooms in 30+ countries, affects journalism globally  —  What the aid funding freeze means for independent journalism around the world.  —  Over the weekend, amid spiraling headlines …
Gene Maddaus / Variety:
The foreperson of the Florida jury that found CNN defamed a US Navy veteran says she would've awarded ~$100M, not $5M, and the “public is fed up with fake news”  —  In a Florida courtroom last month, a plaintiff's attorney asked jurors to “send a message” by holding CNN accountable …
Discussion: TVNewsCheck
Charlotte Tobitt / Press Gazette:
The UK's Reach names Digital Spy EIC Laurence Mozafari as editorial director for youth audience, responsible for growing its Gen Z readers and viewers  —  The editor-in-chief of Hearst UK entertainment website Digital Spy has left to lead the push to attract a younger audience at Reach.
 
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 More News: 
404 Media:
Sources: DOGE staff were ordered to stop using Slack while it transitions from the OMB to the Executive Office of the President, which is not subject to FOIA
Jake Kanter / Deadline:
UK news anchor Kay Burley retires from Sky News after 36 years and “over a million minutes of live TV news”; Burley was one of Sky's original presenters in 1989
Bloomberg:
Sources: OpenAI has spent months talking to Hollywood's largest studios about the potential of video generator Sora, but no deals have emerged yet
Discussion: TVNewsCheck
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
more at Techmeme »
 Earlier Picks: 
Sara Fischer / Axios:
PBS-YouGov poll: 65% of Trump voters think PBS is underfunded or adequately funded; 82% of voters value PBS for its children's programming and educational tools
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
Chris Welch / The Verge:
Sources: Sonos will release an Android-based streaming box in the coming months, priced between $200 and $400, combining Netflix, Max, Disney+, and more content
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
 

 
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

Kate Rooney / CNBC:
Garry Tan says ~80% of YC's W25 batch is AI focused, and the cohort is growing significantly faster than past ones, with actual revenue, thanks to “vibe coding”

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
 
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