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7:50 AM ET, April 16, 2025

Mediagazer

 Top News: 
Justin Sink / Bloomberg:
The White House is eliminating the traditional press pool access for wire services after a court ordered the administration to lift its restrictions on the AP  —  The White House announced Tuesday that it was eliminating the traditional press pool access for wire services after a federal court ordered …
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James Oliphant / Reuters:
The White House's decision to remove a spot for newswires from the press pool will affect local news organizations who rely on the wire services for reporting  —  Wire services including Reuters and Bloomberg News will no longer hold a permanent slot in the small pool of reporters …
Sewell Chan / Columbia Journalism Review:
Houston Landing, a nonprofit that launched in 2023 with $20M+ in philanthropic funding, says it is shutting down mid-May and laying off its 43 employees  —  The nonprofit startup struggled to identify a business model, an editorial strategy, and a large audience.
Financial Times:
CNN CEO Mark Thompson says the company plans to roll out a “suite” of digital subscription services, including at least one in 2025, to combat TV's decline  —  Media executive plans to launch a ‘suite’ of digital subscription services to arrest long-term decline in cable
Reuters:
A Russian court sentences four journalists to 5.5 years each in prison for creating content for the YouTube channel of Alexei Navalny's Anti-Corruption Network  —  Four Russian journalists were sentenced by a Moscow court to 5-1/2 years each in prison on Tuesday after being found guilty …
Ben Quinn / The Guardian:
UK filing: in 2023, following Elon Musk's acquisition, X had £69.1M in UK revenue, down 66.3% YoY, and its profit fell from £5.6M to £1.2M  —  Social media platform formerly known as Twitter says 66.3% revenue drop was down to fall in advertising income
Jagmeet Singh / TechCrunch:
Google says it suspended 39.2M US advertiser accounts on its platform in 2024, up over 3x from 12.7M in 2023, and took down 1.8B ads, aided by new AI tools  —  Google on Wednesday said it suspended 39.2 million advertiser accounts on its platform in 2024 — more than triple the number …
Charlotte Tobitt / Press Gazette:
WARC: global ad spend with newsbrands will be $32.3B in 2025, down 33.1% compared to 2019; ad spend on creator content will surpass professional media by 2026  —  Global advertising spend against news content is forecast to have fallen by a third in six years.
Discussion: Inside Radio and Yahoo Finance
 
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 More News: 
Angus Whitley / Bloomberg:
FOI documents: Australian Communications Minister Michelle Rowland gave a personal guarantee to YouTube that it would be exempt from a teen social media ban
Mark Stenberg / Adweek:
Marc Ecko returns to Complex, the outlet he founded in 2002 and left in 2016, as chief creative and innovation officer
Discussion: WWD
Bloomberg:
WBD says it decided not to sell Polish broadcaster TVN after a review; bidders reportedly included billionaire Michal Solowow and a Wirtualna Polska-led group
Jazz Tangcay / Variety:
FilmLA: greater LA film production fell 22.4% YoY in Q1 2025 to 5,295 shoot days, due to global cutbacks and CA's loss to rivals; the LA fires had little impact
 Earlier Picks: 
J. Kim Murphy / Variety:
Alamo Drafthouse opts out of Meta's Movie Mate, which offers viewers interactive content via Instagram DMs during screenings, starting with the M3GAN rerelease
Max Tani / Semafor:
Interviews with Bloomberg executives on preparing for over a year for Trump's trade war, CNBC picking up Walter Bloomberg's X tariff pause post, and more
New York Times:
Sources: the White House plans to ask Congress to rescind $1.1B in federal funding for the Corporation for Public Broadcasting, which funds NPR, PBS, and others
Wall Street Journal:
Source: by 2030, Netflix aims to reach a $1T valuation, earn ~$9B in global ad sales, double its $39B 2024 revenue, and triple its $10B 2024 operating income
Charlotte Tobitt / Press Gazette:
Jim Spanfeller says Quartz was in “dire” shape when G/O Media bought it in 2022 and defends its sale to Redbrick, which plans to integrate Quartz with Paved
Discussion: Talking Biz News