Mediagazer: LAist lays off eight employees, or 5% of staff, citing the potential loss of $1.7M in CPB funding, which amounts to ~4% of the public media outlet's budget (Elaine Woo/LAist)

Top News:

Isha Banerjee / Columbia Daily Spectator:

Barnard suspends Columbia Spectator and WKCR student reporters who covered a pro-Palestinian protest on campus, alleging they were involved in the protests — Barnard and Columbia issued interim suspensions Thursday afternoon to four student journalists who covered a Wednesday pro-Palestinian protest …

Discussion: @msainato.bsky.social, @freepress.bsky.social, @sarahweinman.com, @bgrueskin.bsky.social, @karenattiah.bsky.social, @jameeljaffer.bsky.social, @hofrench.bsky.social, @ninametz.bsky.social, @climatebrad.hillheat.com, @robertscotthorton.bsky.social, @greenwell.bsky.social, @profkfh.bsky.social, @bgrueskin.bsky.social and Wall Street Journal

Caitlin Huston / The Hollywood Reporter:

AMC Networks reports Q1 revenue down 7% YoY to $555.2M, operating income down 41.7% to $64M, streaming revenue up 8% to $157M, and 10.2M streaming subscribers — The company is now only reporting paid streaming subscribers and not including those who are part of broader linear packages.

Discussion: The Streamable, The Wrap, TVNewsCheck, Variety, Benzinga, Media Play News, Wall Street Journal, Deadline, AMC Networks Inc. and Streaming Better

Bloomberg:

Sources: CTV ad platform MNTN may launch its IPO next week after delaying due to market volatility; filing: MNTN had a $21.1M Q1 net loss on revenue of $64.5M — Connected TV advertising platform MNTN Inc. is considering launching its initial public offering as soon as next week …

Discussion: Katie Roof on LinkedIn

Elaine Woo / LAist:

LAist lays off eight employees, or 5% of staff, citing the potential loss of $1.7M in CPB funding, which amounts to ~4% of the public media outlet's budget — LAist laid off eight employees Tuesday as it contends with ongoing financial challenges, including President Donald Trump's recent order …

Discussion: Current, @jdmendez.com and @1gregtodd.bsky.social

Kasey Moore / What's on Netflix:

Netflix plans to remove the two remaining interactive specials, Black Mirror: Bandersnatch and Unbreakable Kimmy Schmidt: Kimmy vs. the Reverend, on May 12 — The last remaining interactive specials on Netflix are departing the service... Netflix is preparing to remove its final two interactive specials from the platform.

Discussion: Variety, @eddierobson.bsky.social, The Sun, @azalben.bsky.social, The Verge and Eurogamer.net

Jeffrey A. Trachtenberg / Wall Street Journal:

News Corp reports Q3 revenue up 1% YoY to $2.01B, net income of $103M, Dow Jones revenue up 6% to $575M, and $514M in News Media revenue; WSJ has 4.34M subs — Digital and print Wall Street Journal subscriptions totaled 4.34 million for March quarter, company says

Discussion: Press Gazette, Talking Biz News, The Hollywood Reporter, News Corporation, The Guardian, Deadline, Reuters, The Wrap, Media Play News and MediaPost

Tony Maglio / The Hollywood Reporter:

EchoStar says it lost 380K subscribers in Q1 for a total of ~7.4M and reports pay TV revenue fell 7.4% YoY to $2.5B and operating income fell 2.5% YoY to $653M — Sling's churn was worse than Dish's, if we're pointing fingers. — Dish TV and Sling TV combined for a loss of 380,000 subscribers …

Discussion: The Streamable, EchoStar Corporation and Cord Cutters News

Scroll.in:

Indian news outlet The Wire says the government blocked access to its English site in India; the government blocked four outlets' social media accounts on May 8 — The news outlet said it was taking all necessary steps to challenge the ‘arbitrary and inexplicable’ move.

Discussion: Livemint, Newslaundry, MEDIANAMA, The Wire, Committee to Protect …, Global Voices, @thewire.in, Arab News, Profit, BMI and Digit

Alex Weprin / The Hollywood Reporter:

Q&A with Altice CEO Dennis Mathew and Optimum executive Keith Bowen on offering skinnier bundles, future of cable TV, Altice's partnership with Disney, and more — Altice CEO Dennis Mathew and executive Keith Bowen talk new deals with Google and Disney, and the “hard conversations” …

Discussion: Keith Bowen on LinkedIn, The Desk, TVNewsCheck and Streaming Better

Sophie Culpepper / Nieman Lab:

The Boston Globe announces a team dedicated to covering high school sports, with a focus on long-form enterprise and investigative stories, to gain subscribers — A deep look at how private money has taken over high school hockey. An investigation of the consequences, and structural causes …

Discussion: Boston Globe Media, Simon Owens's Media Newsletter, @dankennedy.net and @simonowens.bsky.social

Peter White / Deadline:

David Eilenberg, who was head of content at Roku Media for the last two years, is returning to ITV America to oversee its creative direction — Eilenberg, who was head of content at Roku Media for the last two years, is returning to the Love Island USA producer as Creative Director.

Discussion: The Wrap, Variety, TVNewsCheck, The Hollywood Reporter and Realscreen

Brian Steinberg / Variety:

Paramount reports Q1 revenue down 6% YoY to $7.19B, a $550M net income, Paramount+ subs up 11% to 79M, and still expects the Skydance deal to close in H1 2025 — Paramount Global, under scrutiny as it works to complete a deal that will have it acquired by Skydance Media …

Discussion: The Desk, The Wrap, @tvgrimreaper, @tvgrimreaper, TVNewsCheck, Wall Street Journal, The Information, @simonowens.bsky.social, Paramount, Deadline, Media Play News and Reuters