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7:30 PM ET, April 29, 2025

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 Top News: 
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 …
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.
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.
The Guardian:
A reconstruction of the events that led to Ukrainian reporter Victoria Roshchyna's detention and death in Russia; forensics suggest “numerous signs of torture”  —  The Guardian, working with media partners, has tracked down first-hand accounts to reconstruct Viktoriia Roshchyna's final months
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: Feed Me
Lauren Johnson / Adweek:
PayPal is expanding PayPal Ads to sell programmatic ads on the open web, using shopping data from its services to help advertisers target ads  —  The payment giant is extending its ad business beyond its owned properties  —  PayPal is unleashing its advertising business on the open web.
more at Techmeme »
Lauren Thomas / Wall Street Journal:
Sources: regional sports network SNY, which has exclusive rights to the NY Mets through 2035, is exploring potential deals, including an outright sale  —  Regional sports network SNY is working with Moelis on the process that is expected to interest private-equity firms and other broadcasters
Will Oremus / Washington Post:
The US House passes the Take It Down Act to criminalize posting nonconsensual intimate imagery, including deepfakes, and require online platforms to remove them  —  Trump is expected to sign into law a bill that would force online platforms to quickly take down nonconsensual intimate images.
RELATED:
CNBC:
Snap reports Q1 revenue up 14% YoY to $1.36B, vs. $1.35B est., and declines to provide guidance, citing macroeconomic uncertainties; SNAP drops 10%+ after hours  —  Snap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance, citing macroeconomic uncertainties …
Taylor Lorenz / Rolling Stone:
The 2025 WHCD weekend, with events like Substack's party, highlighted the growing influence of new media personalities on political and cultural conversations  —  As networks and newspapers give way to newsletters and creators, one longtime reporter summed it up nicely: “This is the year where the transition feels real”
Charlotte Tobitt / Press Gazette:
Samsung launches a new default, free news app for its devices in the UK in beta with non-paywalled content from Sky News, Daily Mail, Reuters, and others  —  Samsung says it wants to curate unbiased news for its Galaxy device users.  —  Samsung has launched a new default news app for its devices …
 
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 More News: 
Christopher Palmeri / Bloomberg:
IAC agrees to add Tor Braham, a former technology banker at Deutsche Bank and Credit Suisse, to its board after discussions with activist investor Arkhouse
Discussion: Axios and The Hollywood Reporter
Avery Lotz / Axios:
President Trump says “fake news organizations” should be “investigated for election fraud” after several prominent polls showed his approval ratings sinking
 Earlier Picks: 
Ethan Shanfeld / Variety:
Nathan Fielder's The Rehearsal depicts Paramount+ as Nazis after the streamer pulled a Nathan For You episode in 2023 citing “sensitivities” around antisemitism
 

 
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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