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11:10 AM ET, April 25, 2025

Mediagazer

 Top News: 
Carmen Arroyo / Bloomberg:
Docs: X's data licensing and subscriptions revenue grew 32% YoY to $91M in February, ad revenue grew 4% YoY to $146M; Twitter had $4.5B in ad revenue in 2021  —  Elon Musk's X Holdings Corp. is evolving from a social media platform powered by mainstream advertisers to one betting …
Discussion: The Information
Benjamin Mullin / New York Times:
Ziff Davis sues OpenAI, alleging it used Ziff Davis' content to train AI models; sources say Ziff Davis is seeking at least hundreds of millions of dollars  —  Ziff Davis, which owns more than 45 media properties, is accusing the tech company of infringing on the publisher's copyrights and diluting its trademarks.
Daniel Thomas / Financial Times:
British insurance tycoon and Prospect magazine owner Clive Cowdery takes a minority stake in Tortoise; the Scott Trust has a 9% stake after committing £5M  —  The 234-year-old Sunday newspaper will produce its first edition under new ownership this weekend
Discussion: The Times
Bloomberg:
Sources: Tencent Music is in advanced talks to buy Chinese podcasting startup Ximalaya in a $2.4B deal  —  An agreement could be reached as soon as the coming weeks, the people said.  —  Talks are ongoing and no final decisions have been made, the people said.
Wall Street Journal:
Sources: Paramount has begun talks with the FCC on the necessary steps to gain approval for its Skydance merger, including concessions on its diversity policies  —  The discussions are a small step in a complex effort to secure federal approval for the media company's deal with Skydance
Etan Vlessing / The Hollywood Reporter:
Charter Communications lost 181K pay TV subscribers in Q1 vs. a decline of 405K in Q1 2024; it had 12.7M pay TV subscribers as of March 31  —  The cable giant shed less video customers than last year as overall revenue edge up slightly to $13.67 billion.  —  Cable and broadband giant Charter …
Discussion: The Wrap, Reuters and Benzinga
Advanced Television:
Kantar: 33% of new UK paid subscribers chose ad tier in Q1 2025, up from 31% in Q4; Prime Video had the highest share of new paying subs, followed by Apple TV+  —  Kantar, the marketing data and analytics company, has revealed growing adoption of ad-supported streaming …
Discussion: Broadband TV News
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
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  —  Politico is seeing “significant growth” in Europe as it celebrates the tenth birthday of its edition on the continent.
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
 
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 More News: 
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
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
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
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”
 Earlier Picks: 
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
Michael Savage / The Guardian:
The BBC launches BBC News Burmese in Myanmar on a satellite video channel formerly used by VOA, citing an “audience in need” in the aftermath of the earthquake
 

 
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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