Top News:
Brian Steinberg / Variety:
WBD reports Q4 revenue down 2% YoY to $10B, ad revenue down 11% to $1.8B, and losses up 24% YoY to $494M, including $1.9B in charges and restructuring expenses — Like its rivals., Warner is navigating a difficult era for the media sector, one in which linear TV audiences, much easier to monetize …
Discussion:
The Wrap and @tvgrimreaper
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Harshita Mary Varghese / Reuters:
WBD projects at least 150M subscribers by the end of 2026, as Max is set to launch in Germany and Italy in Q1 2026; Netflix ended 2024 with 302M subscribers — Warner Bros Discovery (WBD.O) said on Thursday its streaming service will have at least 150 million users by 2026 …
Georg Szalai / The Hollywood Reporter:
WBD reports Q4 adjusted EBITDA for DTC, including streaming and pay-TV, of $409M, up from a $55M loss in Q4 2023, and 116.9M subscribers, up from 110.5M in Q3 — The Hollywood giant, led by CEO David Zaslav, reported its fourth-quarter and full-year results. … The figures include subs for Max and Discovery+.
Discussion:
Deadline, The Information, @bristei, Warner Bros. Discovery and Cord Cutters News
Benjamin Mullin / New York Times:
Memo: WaPo CEO Will Lewis says opinion section changes are “not about siding with any political party” but about “being crystal clear about what we stand for” — David Shipley, The Post's opinion editor, is resigning after trying to persuade Jeff Bezos to reconsider the new direction.
Discussion:
Cameron Barr on LinkedIn, The Guardian, Status, Washington Post, Poynter, @danlamothe, American Crisis, @sarafischer, @danlamothe, Deadline, @benmullin, @ktmboyle, @nprinskeep, Futurism, Mark Lemley on LinkedIn, @drewharwell.com, @earleyedition.bsky.social, Mediaite, @makgrossi.bsky.social, @knightlat.bsky.social, @athul.acharya.cc, The Washington Free Beacon, @sachadylan.bsky.social, Benzinga, @davidrlurie.bsky.social, Jerry Davis on LinkedIn, @limeylizzie.bsky.social, Wall Street Journal, The Daily Wire, @strangernalps.bsky.social, @jerdem.bsky.social, @mikemadden.bsky.social, @kyra_davis@mstdn.social, Blue Virginia, The Gateway Pundit, @notaaroncraig.bsky.social, Twitchy, Washington Examiner, Colin Woodard on LinkedIn, @briankrebs@infosec.exchange, @kevinleecaster.bsky.social, The Wrap, Newsbusters, @benmullin.bsky.social, @picardonhealth.bsky.social, The Verge, @TCatInReality@mastodon.social, @thiagokrause.bsky.social and @silviomarcacci.bsky.social
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Corbin Bolies / The Daily Beast:
Marty Baron condemns changes to WaPo's opinion section, says he is “disgusted” as Bezos is “betraying” WaPo's “longstanding principles” for commercial interests — Former executive editor Marty Baron told the Daily Beast there was “no doubt in my mind” …
Discussion:
Zeteo, The Guardian, @corbinbolies, @davidfolkenflik, @davidfolkenflik, @astroterry, Dan Gillmor on LinkedIn, @jonmladd.bsky.social, Michael Posner on LinkedIn, @simonrosenberg.bsky.social, @peacediva.bsky.social, @orskov.bsky.social, The Wrap, @knittingknots2@mstdn.social, @kbeninato@mstdn.party, @tyburr.bsky.social, @jkbjournalist.bsky.social, @derfbackderf.bsky.social, @dandrezner.bsky.social, The Boston Globe, @mattsheffield@mastodon.social, @michaelgrantbks.bsky.social, @robertbohan.bsky.social and @caitjgibson.bsky.social
Jeff Bezos / @jeffbezos:
Jeff Bezos says the WaPo's opinion pages going forward will largely focus on personal liberties and free markets, and opinion editor David Shipley is leaving
Discussion:
@jstein_wapo, New York Times, NPR, Townhall, Fortune, Columbia Journalism Review, The Nation, @elonmusk, @tvietor08, @benmullin, @becketadams, @jonsopel, Issues & Insights, @sohrabahmari, The Handbasket, @maiamindel, Nieman Lab, The Atlantic, @repdonbeyer, @repdonbeyer, Daily Kos, @_cingraham, @jasoncolavito, @emmma_camp_, @jpodhoretz, @sunraysunray, @chrchristensen, @yaqiu, @jackmirkinson, @cat_zakrzewski, @cat_zakrzewski, @lionel_trolling, @douthatnyt, @arrington, @jessicalessin, @brianstelter, @ashleyrparker, @kmanguward, @edpilkington, @sarafischer, @mgsiegler, @binarybits, @binarybits, @williamturton, @binarybits, @charlesarthur, @brianstelter, @brianstelter, @farhip, @sherman4949, @jackmirkinson, @hadas_gold, @maxwelltani, @kylebrussell, @connor_echols, @gaywonk, @michaelsavage, @amandalitman, @artjipson, @arthistorynews, @eastmond_andrew, @kristaachavez, @adiseredinschi, @afternoondelete, @bencjacobs, @byelin, @johnauthers, @budkennedy, @alykatzz, @jordanschachtel, @john_hudson, @wallstreetmav, @prem_thakker, @mattyglesias, @keitholbermann, @mikeisaac, @mattmday, @hadas_gold, @benmullin, @nkulw, @pomurray.bsky.social, @kazcooke.bsky.social, Clayton Cramer, Chicago Tribune, @grogsgamut.bsky.social, The National Pulse, @davidmaraniss.bsky.social, The Daily Signal, HotAir, @paulbehrens.bsky.social, New Jersey Online, @tomgara@threads.net, @euanmacdonald.bsky.social, Washington Times, Garbage Day, @stevebrant.bsky.social, @tomhayes.bsky.social, UnHerd, Jacqueline Loch on LinkedIn, Backbencher, New Republic, Blaze Media, Associated Press, Howard Pulchin on LinkedIn, The Daily Wire, @michaelsavage.bsky.social, @2savedemocracy.bsky.social, @jestastrophy.bsky.social, @ernie.tedium.co, @meganotoole.bsky.social, @jbenmenachem.com, @heidilifeldman@mastodon …, @chrisoffner3d.bsky.social, @terilg.bsky.social, Financial Times, Sara Langhinrichs Gifford on LinkedIn, @randomgeek@hackers.town, @Naureckas@mastodon.world, @hunterw.bsky.social, @davidmaraniss.bsky.social, @karaswisher.bsky.social, @ohgodwhatnow.bsky.social, @kejames.bsky.social, @susanmcp.bsky.social, @briantylercohen.bsky.social, The Hollywood Reporter, @pastpunditry.bsky.social, @pastpunditry.bsky.social and @maxwelltani, more at Techmeme »
Kevin Robillard / HuffPost:
The White House kicked out Reuters and a HuffPost reporter from Trump's Wednesday press pool; with AP still blocked, just one wire service remained in the pool — Breaking with decades of precedent, the Trump White House is insisting on the ability to choose which reporters cover the president.
Discussion:
New York Times, @jbendery, @jeremymbarr, @samstein, @jeremymbarr, @jeremymbarr, @andrewfeinberg, @arifleischer, Newsbusters, @svdate, The Post Millennial, New York Post, The Hill, Daily Mail, Vanity Fair, Reuters, Deadline, Politico, Washington Examiner, @jbendery.bsky.social, Townhall, Mediaite, @freedom.press, @lauraphillips.bsky.social, @bascule@mas.to, The Guardian, Washington Post, Bloomberg, @floofmcgoof.bsky.social, @cuzcaroline.bsky.social, White House Correspondents …, Associated Press and Reuters
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Ben Johansen / Politico:
Reversing decades of precedent, the WHCA announces it will no longer coordinate shared coverage of President Trump amid an escalating dispute over press access
Reuters News Agency:
Reuters, AP, and Bloomberg News editors, all permanent members of the White House pool, say limiting wire access to the president harms people and markets
Georg Szalai / The Hollywood Reporter:
EchoStar reports Q4 net pay-TV subscriber down ~253,000, compared to a loss of 314,000 in Q4 2023, and ends 2024 with 7.78M pay-TV subscribers — The company ended the year 2024 with 7.78 million pay-TV subscribers, including 5.69 million Dish TV subscribers and 2.09 million Sling TV subscribers.
Discussion:
EchoStar Corporation, @tvgrimreaper, Streaming Better and Cord Cutters News
Jake Kanter / Deadline:
BBC Chief Content Office Charlotte Moore is leaving to become Left Bank Pictures CEO and Sony Pictures TV's creative director of international production — Newswire … PMC — Deadline is a part of Penske Media Corporation. © 2025 Deadline Hollywood, LLC. All Rights Reserved.
Discussion:
TVNewsCheck, BBC, The Guardian, Variety, Daily Express, The Sun, Screen, C21Media and GB News
Lucas Shaw / Bloomberg:
Sources: MrBeast is looking to raise a couple hundred million dollars at a ~$5B valuation; MrBeast has said he “lost tens of millions of dollars on Beast Games” — - YouTube star aims to raise a couple hundred million dollars — He lost ‘tens of millions’ of dollars on Amazon reality show
Discussion:
Hindustan Times
Benjamin Mullin / New York Times:
Internal memo: Paramount is making changes to its DEI policies to conform to efforts by the Trump administration to eliminate diversity programs — The company has a merger pending before the Federal Communications Commission, whose chief has criticized programs focusing on diversity, equity and inclusion.
Discussion:
Variety, @benmullin, @doriandavis, The Hollywood Reporter, Deadline, Yahoo Finance, RetailWire, TechCrunch, Fortune and Observer
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Daniel Thomas / Financial Times:
Sky COO Nick Herm criticizes Amazon for failing to tackle sports broadcast piracy, costing “hundreds of millions”, and to stop illegal Fire Stick TV devices — Broadcaster accuses company of failing to do enough to tackle piracy, often involving its Fire Stick TV devices
Discussion:
New York Times
Todd Spangler / Variety:
Netflix says its customers watched 94B+ hours in H2 2024, up 5% YoY; Squid Game, despite premiering on December 26, dominated the period with nearly 87M views — Netflix subscribers streamed more content than ever in the back half of 2024 — and the second season of Korean hit drama “Squid Game” was the biggest TV show on the service.
Discussion:
Advanced Television, The Hollywood Reporter and Media Play News
Reuters:
A Vietnam court sentences former journalist Truong Huy San to 30 months in prison over Facebook posts; San wrote “The Winning Side” about post-war Vietnam — A court in Vietnam on Thursday sentenced a former journalist to 30 months in prison after finding him guilty of …
Discussion:
Committee to Protect …, Al Jazeera, Agence France-Presse and Bloomberg
Benoit Berthelot / Bloomberg:
WPP's shares drop 15%+ after the company forecasted adjusted sales for 2025 to remain flat or shrink in 2025, missing analysts' estimates — WPP Plc shares dropped the most in more than six years after the British advertising agency group forecast sales that would remain flat or shrink this year, missing analysts' estimates.
Discussion:
Adweek, Financial Times, Reuters and Fortune
Advanced Television:
Gracenote: sports programming on top five streamers globally, Prime Video, Apple TV+, Disney+, Paramount+, and Netflix, grew by 72%+ in the recent quarter — Gracenote, the content data business unit of Nielsen, has reported that five of the top SVoD services globally - Prime Video …
Discussion:
The Media Leader and NewscastStudio
Kirk Carapezza / GBH:
Student newspapers that increasingly rely on financial support from the institutions they cover face struggles for editorial independence, as ad sales drop — • 4:18 Student journalists struggle for independence when cash is hard to find — Outside a modest basement room at the University …
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