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9:55 AM ET, February 5, 2025

Mediagazer

 Top News: 
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
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Erik Hayden / The Hollywood Reporter:
The NYT says it spent $10.8M on costs associated with generative AI litigation in 2024, one of the few outlets that can afford to engage in yearslong litigation  —  The paper, buoyed by its 11 million-plus paid subscribers, is one of the few news outlets that can afford to engage in yearslong litigation with Big Tech.
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.
Discussion: @labelbda.bsky.social
Katie Robertson / New York Times:
The NYT reports adding 350K digital-only subscribers in Q4, and 1.1M+ in 2024, taking its total count to 11.4M+; digital ad revenue rose 9.5% YoY to $117.9M  —  Adjusted operating profit for the fourth quarter increased 10.7 percent from a year earlier, to $170.5 million, the company said.
Discussion: The Wrap and Streaming Better
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:
Sarah Whitten / CNBC:
Disney reports Q1 revenue up 5% YoY to $24.7B, net income up 23% YoY to $2.64B, and entertainment division revenue up 9% YoY to $10.87B  —  Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+.
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 …
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  —  Kay Burley, one of the UK's best-known news anchors, is retiring from Sky News after 36 years.
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  —  After the most tumultuous nine months in Sonos' history, the brand is trying to find its footing again.
Bron Maher / Press Gazette:
FT Policy Director Matt Rogerson tells a UK parliamentary committee that creating “opt-out” copyright exemptions for AI companies would be “a huge mistake”  —  Preserving copyright protections for news publishers against theft by artificial intelligence companies is …
Discussion: The Mirror
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 …
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  —  - Startup has met with Hollywood studios about commercial deals  — Studios worry about business implications of new technology
Discussion: TVNewsCheck
 
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 More News: 
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 »
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
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
Max Goldbart / Deadline:
Ampere predicts streamers will outspend commercial broadcasters on content for the first time in 2025, and overall content spend will rise 0.4% YoY to $248B
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
 Earlier Picks: 
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
Kristin Robinson / Billboard:
The NMPA plans to issue 2,500 takedown notices to Spotify for podcast episodes that allegedly contain “unlicensed musical works” from 19 NMPA member publishers
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
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
 

 
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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