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1:20 AM ET, April 25, 2025

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 Top News: 
Todd Spangler / Variety:
Alphabet says it surpassed 270M paid subscriptions, driven by YouTube and Google One, and reports YouTube Q1 ad revenue up 10.3% YoY to $8.93B, vs. $8.97B est.  —  YouTube continues to rake in money from advertisers worldwide, with the video giant's ad revenue reaching $8.93 billion …
Bron Maher / Press Gazette:
An interview with Politico Europe's Kate Day on the outlet ten years in: ~50% of its 350 staff are journalists and Politico Pro makes up 50% to 60% of revenue  —  Senior executive editor Kate Day said mixed business model gives brand resilience despite DOGE-related cutbacks.
Wall Street Journal:
A look at private equity's incursion into the advertising industry, offering smaller agencies new resources to compete with the larger holding companies  —  Once put off by ad agencies' fickle cash flows, private investment firms now see an opportunity to capitalize on the sector's accelerating shift toward automation
Lucas Shaw / Bloomberg:
A profile of Paramount co-CEO Chris McCarthy, who led the expansion of Yellowstone franchise and says Paramount+ will turn a profit for the first time in 2025  —  Chris McCarthy has helped create one of the biggest franchises in Hollywood.  He may soon be out of a job.  —  Chris McCarthy is shaking his head.
Discussion: @lucas_shaw
Emma Roth / The Verge:
Netflix rolls out subtitles with just spoken dialog, without audio cues or speaker names, and says ~50% of US viewing hours happen with subtitles or captions on  —  The new option drops sound descriptions and speaker names from subtitles. … Netflix is rolling out a new subtitle option that shows just spoken dialogue.
Aisha Malik / TechCrunch:
Facebook will reduce the reach of accounts sharing spammy content and make them ineligible for monetization, after Zuckerberg promised a return to “OG Facebook”  —  Facebook will begin lowering the reach of accounts sharing spammy content and making them ineligible for monetization, Meta announced on Thursday.
Sarah Perez / TechCrunch:
Meta moves Threads from Threads.net to Threads.com and updates its web app, including features to more easily access custom feeds, create new columns, and more  —  Instagram Threads, Meta's newest social network and X competitor, is officially relocating from the website Threads.net to Threads.com.
Danny Goodwin / Search Engine Land:
YouTube is testing a new AI Overviews carousel in its search results for queries focused on products and location information, for some US Premium subscribers  —  YouTube is testing a new AI Overviews carousel.  It will appear in search results for select queries.
Cydney Henderson / USA Today:
Shannon Sharpe says he is stepping away from his duties at ESPN and plans to return at the start of the NFL preseason, as he faces a $50M sexual assault lawsuit  —  Pro Football Hall of Famer and media personality Shannon Sharpe said on Thursday he is stepping away from ESPN.
Etan Vlessing / The Hollywood Reporter:
Comcast reports Peacock losses fell to $215M in Q1 from $639M in Q1 2024, revenue rose 16% YoY to $1.2B, and paying subscribers hit 41M, up from 36M in Q4 2024  —  The cable giant also unveiled its first-quarter results for the entertainment unit and other operations.
RELATED:
Dade Hayes / Deadline:
Comcast reports Q1 revenue down 0.6% YoY to $29.89B, Media revenue up 1% YoY to $6.4B, and adjusted EBITDA up 21.5% to $1B; Comcast lost 427K cable subscribers
 
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 More News: 
Associated Press:
Iran arrests four state TV staff members accused of insulting the first caliph of Sunni Muslims, the first such open prosecution of state TV staff in decades
 Earlier Picks: 
Ivan Mehta / TechCrunch:
Adobe unveils its Firefly Image Model 4 and Model 4 Ultra, launches a redesigned Firefly web app, is testing a new Adobe Content Authenticity web app, and more
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

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

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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