Mediagazer: The Sun reports revenue down 3% YoY to £296.3M and an £18M loss in the year to 30 June 2024; The Times reports revenue down 0.6% to £383.4M and a £61M profit (Charlotte Tobitt/Press Gazette)

2:30 PM ET, April 1, 2025

Top News:

John Thornton, founder of The Texas Tribune, co-founder of the American Journalism Project, and venture capitalist, has died at age 59 — It is with great sadness that we share the news that John Thornton, co-founder of the American Journalism Project and Elsewhere Partners …

Discussion: Anna Nirmala on LinkedIn, Patty Pina Slutsky on LinkedIn, Elizabeth Green on LinkedIn, Michael Ouimette on LinkedIn, The Texas Tribune, @tlangford.bsky.social, @dicktofel.bsky.social and @jeffjarvis.bsky.social

CNBC:

Newsmax shares jump more than 100% a day after their debut on the NYSE, when they spiked more than 700% and closed at $83.51 — Shares of conservative cable channel Newsmax soared more than 40% in early trading Tuesday, a day after the stock's dizzying debut on the New York Stock Exchange.

Discussion: Deadline, Mediaite, Yahoo Finance, Axios, Bloomberg, @justinbaragona.bsky.social, @followtheh.bsky.social, @justinbaragona.bsky.social, @sellingtheta.bsky.social, Reuters, @justinbaragona.bsky.social, @followtheh.bsky.social, @justinbaragona.bsky.social, WBUR and Fast Company

Bari Weiss / The Free Press:

The Free Press announces Tyler Cowen, Jed Rubenfeld, Matthew Continetti, and Batya Ungar-Sargon as new columnists, with Coleman Hughes bringing his podcast — Bari Weiss on some great news from our newsroom. — Upgrade to Listen — How do you build something that lasts?

Discussion: @margiconklin, @thefp, @bungarsargon, The Free Press, @thefp, @continetti, @bariweiss, @thefp, @jtlonsdale and @bariweiss

Charlotte Tobitt / Press Gazette:

The Sun reports revenue down 3% YoY to £296.3M and an £18M loss in the year to 30 June 2024; The Times reports revenue down 0.6% to £383.4M and a £61M profit — Hacking costs down for News Group Newspapers in year to 30 June 2024. — Revenues fell at both The Times …

Discussion: Telegraph and City A.M.

Aisha Malik / TechCrunch:

TikTok is shutting down its Instagram competitor, TikTok Notes, on May 8, directing users to Lemon8, a similar ByteDance-owned app — TikTok is shutting down its Instagram competitor, TikTok Notes, on May 8. The photo-sharing app launched in testing in Canada, Australia, and Vietnam last year.

Oliver Darcy / Status:

The Daily Wire's communications chief, Alyssa Cordova, departs as the company frames co-CEO Jeremy Boreing's demotion as his own choice and lays off some staff — The Daily Wire's Woes The Daily Wire once vowed to take on Disney with a $100 million+ investment to build an entertainment empire …

Discussion: The Bulwark, @scottmgreer, @willsommer, @mattortega.com, @rvbdrm.com, @cheetah.bsky.social, @status.news and @oliverdarcy.bsky.social

Jake Kanter / Deadline:

YouTube suspends two major fake movie trailer channels from its partner program, following Deadline's report on studios earning ad revenue from the trailers — The Google-owned video-hosting giant has turned off ad revenue on Screen Culture and KH Studio trailers after a Deadline investigation chronicled …

Discussion: 9to5Google, Tubefilter, Engadget, The Verge and Daily Star

Sportico:

Sources: the NHL has reached an agreement with Rogers on a new 12-year Canadian TV deal that will pay the league about $7.7B, starting with the 2026-27 season — The NHL has reached an agreement with Rogers Communications on a new 12-year Canadian TV deal that will pay the league about $7.7 billion …

Stephen Battaglio / Los Angeles Times:

Steve Kornacki signs a deal with NBC News and NBC Sports and departs from MSNBC, which Comcast is spinning off into a new corporate entity — MSNBC viewers have seen the last of Steve Kornacki's big board. — The popular data maven has signed a deal with NBC that will expand his presence across …

Discussion: The Wrap, Variety, The Daily Caller, Deadline, The US Sun, Just Jared and The Hollywood Reporter

Kendra Barnett / Adweek:

Leaked docs: Omnicom offered clients who didn't spend on X in 2024 an added value of 50%, up to $200K, for buying X ads during Q1 2025, among other incentives — Omnicom has sweetened the pot to get its clients to buy ads on X, according to two internal documents obtained by ADWEEK.

Discussion: The Ankler, Kendra Barnett on LinkedIn, Bradley Keefer on LinkedIn, @timhanlon.bsky.social and @kendrabarnett.bsky.social

Nicole Sperling / New York Times:

In a new strategy, Amazon plans to release 14 to 16 movies per year in theaters, rivaling other major studios, with most running for 45 days before streaming — The streaming giant is planning to release at least 14 movies a year in theaters around the country, rivaling other major studios.

Discussion: Deadline, Axios, Engadget and The Ankler, more at Techmeme »

Kendra Barnett / Adweek:

Google is bringing its immersive Rewarded Video ads to Roblox, letting users watch ads in exchange for in-game benefits like virtual currency or power-ups — Advertisers can buy Rewarded Video ads on Roblox via Google Ad Manager, the company announced Tuesday

Discussion: TechCrunch, Barron's Online, Ad Age, MediaPost, Variety, Benzinga, Investing.com, Reuters, Marketing Brew, Roblox Corporate, Google and Bloomberg, more at Techmeme »

Archived Page Info:

This is a snapshot of Mediagazer at 2:30 PM ET, April 1, 2025.

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Who's Hiring in Media?

Energy & Commodities Editor, Tokyo — Bloomberg

Politics Reporter, TX — Texas Tribune

Consumer Brands Reporter, GA — AJC

Deputy Editor - Health Care, VA — Politico

Product Editor, CA — CalMatters

Indigenous Affairs Editor, Sydney — Guardian US

China Markets Correspondent, Shanghai — Reuters

Bangor Reporter, ME — Bangor Daily News

Commerce Editor - Health, Remote US — Yahoo

Sports Editor, MI — Detroit News

Deputy Politics Editor, CA — Sacramento Bee

Alphaville Reporter, London — FT

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More News:

Lucas Shaw / Bloomberg:
How JioHotstar became India's most popular paid streaming service, with 100M+ paying less than $1/month on average, via a freemium model, micro dramas, and more

Discussion: Lucas Shaw on LinkedIn, @sarthakgh, @lucas_shaw and @samidhas

Ben Smith / Semafor:
An interview with blogger Larry C. Johnson, once valued for his disagreements with the status quo, on his trip to Russia, his present marginal status, and more

Discussion: @davidfolkenflik and @semaforben

Neel Dhanesha / Nieman Lab:
ProPublica is using ads on a LED billboard truck to attract sources in the federal government as DOGE dismantles USAID and other agencies

Discussion: @charlesornstein.bsky.social, @cengizyar.com, @tealtan.bsky.social and @sarahscire.com

Sewell Chan / Columbia Journalism Review:
The Center for Public Integrity has ceased publishing after 36 years, and is in talks to turn over its archives to the Project on Government Oversight

Discussion: @dwillis.bsky.social, Charles Sennott on LinkedIn, @phoebepetrovic.bsky.social, TVNewsCheck, Sewell Chan on LinkedIn, @dangillmor@mastodon.social and @margotsusca.bsky.social

Yuki Furukawa / Bloomberg:
An independent investigation finds that Japanese broadcaster Fuji TV fostered a culture of sexual harassment; its chair and TV head resigned in January 2025

Discussion: The Japan Times, Associated Press, Nikkei Asia, The Japan Times, The Japan Times, Bloomberg and Kyodo News+

Wall Street Journal:
WBD adds Anton Levy, former co-president of PE firm General Atlantic, to its board, a source says due to pressure from activist shareholder Sessa Capital

Discussion: Advanced Television, Variety, TVNewsCheck, Reuters, Deadline, The Wrap, The Hollywood Reporter and Media Play News

Earlier Picks:

Pew Research Center:
Survey: 36% of Americans say they hear a lot about Trump's relationship with the media, down from 72% in 2017; 71% follow Trump administration news closely

Discussion: Fox News, Poynter, Nieman Lab, @sarahscire, @brianstelter, @brianstelter, @brianstelter, @johngramlich.bsky.social and Columbia Journalism Review

Peter Kafka / Business Insider:
MoffettNathanson: YouTube will surpass Disney in 2025 to become the largest media company by revenue, after generating $54.2B in 2024, just $5.5B behind Disney

Discussion: Tubefilter, Bloomberg, The Hollywood Reporter, Ian Schafer on LinkedIn, Variety, @pkafka, Deadline, TVNewsCheck, MediaPost and The Wrap

Brian Steinberg / Variety:
NBC Sports hires Betsy Riley, an NBC Sports veteran who recently led some Amazon sports offerings, to oversee production of its primetime Olympics program

Discussion: TVNewsCheck and Associated Press

Jessica Testa / New York Times:
TV news anchors exiled or extricated from their networks, like Joy Reid and Don Lemon, are finding success on Substack; Jim Acosta has 10K+ paid subscribers

Discussion: Newsbusters

Megan Graham / Wall Street Journal:
Yahoo hires Josh Line, who was most recently Paramount Global's chief brand officer, as its CMO to revive its brand as “one of the OGs of the internet”

Discussion: Ad Age, MediaPost, The Desk, The Drum, @michaelmartinez.co, Rob Wilk on LinkedIn, Adweek and Variety

From Techmeme:

Mark Gurman / Bloomberg:
How Apple may adjust to the US tariffs; sources: the iPhone 17 Pro's camera panel will span the width of the phone and will be the same color as the device

Mark Gurman / Bloomberg:
Sources: Apple is keeping TikTok and other ByteDance apps on its US App Store for at least another 75 days, following assurances from AG Pam Bondi

Mayank Parmar / BleepingComputer:
Sources: OpenAI is testing watermarks for images generated using ChatGPT's free account

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