Mediagazer: Snap reports Q1 revenue up 14% YoY to $1.36B, vs. $1.35B est., $2.96 ARPU, vs. $2.93 est., and 460M DAUs, but declines to provide Q2 guidance; SNAP drops 13%+ (CNBC)

Top News:

Sources: the Paramount board has outlined acceptable financial terms for a potential settlement with President Trump ahead of mediation, set to begin April 30 — Paramount's interest in settling has dismayed CBS's news division. The executive producer of “60 Minutes” abruptly resigned last week.

Discussion: @grynbaum, @scottnover, @benmullin, @jonathancohn.bsky.social, @dylanbyers, @grynbaum, @jameeljaffer.bsky.social, Raw Story and @davidenrich.bsky.social

Benjamin Mullin / New York Times:

The Corporation for Public Broadcasting sues the Trump administration, accusing it of illegally trying to fire three members of its board on April 28 — The media organization said that the White House emailed three of the company's five directors on Monday, telling them that their positions had been terminated.

Minho Kim / New York Times:

A federal judge orders the Trump administration to pay Radio Free Europe/Radio Liberty $12M for its April funding, which USAGM has withheld — The news organization relies almost exclusively on congressional funding, which the Trump administration has held up for weeks.

Discussion: Washington Post, TVNewsCheck, @scottnover, @scottnover and Newser

Mark Stenberg / Adweek:

Source: the Los Angeles Times had a roughly $50M loss in 2024, following a $30M loss in 2023, and has lost about 25,000 paid subscribers since September 2024 — The publisher has lost ad spend from Netflix, as well as 25,000 subscribers, in recent months — Last week, for the first time since …

Discussion: TVNewsCheck, The Daily Beast, @markstenberg3, @virginiagewin.bsky.social, @kgsbca.bsky.social, @mraryeh.bsky.social, @davesecrest.bsky.social, @trixienorton.bsky.social, @mzfreud.bsky.social and @brianallenc.bsky.social

Ashley Carman / Bloomberg:

Spotify reports Q1 revenue up 15% YoY to €4.2B, subscribers up 12% to 268M, vs. 265.2M est., MAUs up 10%, forecasts Q2 gross profit margins and MAUs below est. — Spotify Technology SA shares tumbled on Tuesday after the streaming company gave a muted outlook for profit and subscriber growth in the current quarter.

Financial Times:

The US DOJ's antitrust lawsuit seeking to break up Live Nation and Ticketmaster may set the tone for how the Trump administration approaches competition policy — Rivals and competition experts fear the White House will not pursue its predecessor's antitrust case against the events giant

Katie Kilkenny / The Hollywood Reporter:

SAG-AFTRA creates a digital creator committee to develop industry standards and hopes to introduce contracts covering non-branded influencer content — The group is expected to provide “guidance and leadership” as the union attempts to break into covering original work and not just branded content.

Discussion: Vogue Business, Inside Radio, Tubefilter and Glossy

CNBC:

Snap reports Q1 revenue up 14% YoY to $1.36B, vs. $1.35B est., $2.96 ARPU, vs. $2.93 est., and 460M DAUs, but declines to provide Q2 guidance; SNAP drops 13%+ — Snap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance, citing macroeconomic uncertainties that could weigh on advertising demand.

Discussion: Reuters, Business Insider, Wall Street Journal, The Information, Deadline, Sherwood News, Wall Street Journal, Variety, Investor's Business Daily, Benzinga, The Hollywood Reporter, Bloomberg and Yahoo Finance, more at Techmeme »

Jake Kanter / Deadline:

Christiane Amanpour joins UK audio company Global to launch original podcasts; she will continue in her role as CNN's chief international anchor — Christiane Amanpour, the respected CNN anchor, is joining UK audio company Global to launch a number of original podcasts.

Discussion: The Guardian

Murray Stassen / Music Business Worldwide:

Memo: Apple names Ole Obermann and Rachel Newman as new Apple Music co-heads, reporting to VP Oliver Schusser; Obermann previously led TikTok's music strategy — In February, MBW broke the news that Ole Obermann was leaving his role as Global Head of Music Business Development at ByteDance after five and a half years.

Discussion: Billboard, Bloomberg, MacRumors, Digital Music News, The Hollywood Reporter and 9to5Mac, more at Techmeme »

Hanaa' Tameez / Nieman Lab:

New York Magazine starts publishing one of its daily newsletters, Dinner Party, on Substack, following in the footsteps of Allure and the Albany Times Union — In an effort to meet readers on their preferred platforms, New York Magazine is now publishing one of its daily newsletters on Substack.

Discussion: @simonowens.bsky.social, MediaPost and Feed Me

James Hale / Tubefilter:

Streams Charts: YouTube was the most-watched livestreaming platform in Q1 2025, with 50% of total watch hours, followed by TikTok with 27% and Twitch with 16% — It's been a few years since the Great Ninja Exodus that pitted Twitch, YouTube, Microsoft's now-defunct Mixer …

Discussion: Dexerto, Music Ally and Digiday