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8:55 AM ET, April 17, 2025

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 Top News: 
Charlotte Tobitt / Press Gazette:
Similarweb: total desktop social referral traffic from Facebook grew 75% YoY for 68 top English-language news sites due to algorithm changes in January 2025  —  Facebook traffic appears to be a growing part of the social pie again at three-quarters of the world's biggest news websites.
Reuters:
MoffettNathanson: a US recession may result in $45B in lost ad spend in 2025 and ad budgets shifting from traditional TV to alternatives like streaming services  —  Wall Street analysts offered a gloomy view of the first quarter for much of Hollywood, warning that economic uncertainty caused …
Discussion: The Register
RELATED:
Julian Sancton / The Hollywood Reporter:
Breakthrough Prize Foundation cut Seth Rogen's criticism of Silicon Valley's Trump support from a “full” YouTube video; a spokesperson blamed the event's length  —  While presenting an award at the event known as the Oscars of Science, ‘The Studio’ star pointed out the irony …
Ivan Mehta / TechCrunch:
Smashing, an AI-powered news and social media posts aggregation app by Goodreads co-founder Otis Chandler, shuts down, citing its inability to grow quickly  —  Building an app dedicated to helping people aggregate and read news, articles and social media posts in one place is apparently a tough proposition these days.
Devin Leonard / Bloomberg:
A profile of Hipgnosis founder Merck Mercuriadis, who stepped down in July 2024 after accusations of mismanagement, conflicts of interest, and accounting issues  —  Merck Mercuriadis convinced everyone from pop stars to Blackstone that music was the next hot asset class.  It worked out for everyone—but him.
Discussion: @devinleonard and @bw
Washington Post:
President Trump's DC US attorney pick, Ed Martin, has been on Russian state-funded RT and Sputnik as a commentator over 150 times from August 2016 to April 2024  —  Nominee Ed Martin did not initially disclose his RT and Sputnik appearances from 2016 to 2024 to the Senate.
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 …
RELATED:
Ted Johnson / Deadline:
In a court filing, the AP says the White House's new policy eliminating wire services' press pool access is a “clear violation” of the court's injunction
Eileen Guo / MIT Technology Review:
Marco Rubio confirms the elimination of the Counter Foreign Information Manipulation and Interference Hub; conservatives alleged it censored conservative media  —  The only office within the US State Department that monitors foreign disinformation is to be eliminated, according to US Secretary …
Max Goldbart / Deadline:
Study: in South Korea, active YouTube users spent 210 minutes per day on the service in Q4, while Netflix subscribers spent 96 minutes per day on the streamer  —  Koreans who subscribe to Netflix spent less than half that time (96 minutes) watching the streamer, which airs Korean hits like Squid Game, Love Next Door and Queen of Tears.
Catherine Perloff / The Information:
Source: in January 2025, Pinterest considered buying an ad tech firm to boost its ad sales, and is working to allow ad sales through independent ad tech firms  —  Pinterest in January considered spending hundreds of millions on an acquisition to supercharge its ad sales …
 
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 More News: 
Financial Times:
Sensor Tower: Temu and Shein cut their ad spending on platforms including Meta and X an average of 31% and 19%, respectively, so far in April, compared to March
Jess Weatherbed / The Verge:
Spotify is back online after an outage on April 16; users reported issues from 8:00am ET, and Spotify said it's “all clear” just after noon
 Earlier Picks: 
Matt Slater / New York Times:
France's Ligue 1 is facing a financial crisis after talks broke down between its clubs and DAZN over the renegotiation of the four-year TV deal signed in 2024
Karissa Bell / Engadget:
TikTok begins testing Footnotes, a Community Notes-like feature to add “more context” to videos, in the US; TikTok says its fact-checking program will continue
 

 
From Techmeme:

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities

Mike Isaac / New York Times:
Meta says it is shifting some of its investment from metaverse toward AI glasses and wearables, and “we aren't planning any broader changes than that”
 
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