Top News:
Todd Spangler / Variety:
Netflix won't report subscriber numbers or Average Revenue per Membership starting in Q1 2025, saying time spent is its “best proxy for customer satisfaction” — Netflix will no longer report subscriber numbers — a key metric for streaming services for years — beginning with the first quarter of 2025.
RELATED:
Sarah Whitten / CNBC:
Netflix reports Q1 revenue up 15% YoY to $9.37B, vs. $9.28B est., paid users up 16% YoY to 269.6M, vs. 264.2M est., and net income $2.3B, up from $1.3B YoY — LOS ANGELES — Netflix reported earnings that beat on the top and bottom line after the bell Thursday. — Here are the results:
Discussion:
Netflix, @lucas_shaw, Yahoo Finance, Daily Press, The Wrap, Next TV and Variety, more at Techmeme »
New York Times:
Sources: Sony Pictures Entertainment and Apollo discussed a joint all-cash offer for Paramount, which is still in an exclusive negotiation window with Skydance — The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.
Discussion:
Screen Rant, Reuters, New York Post, Los Angeles Times, Deadline, Hollywood Reporter, @benmullin, The Wrap, Forbes, Benjamin Mullin on LinkedIn and Variety
David Ingram / NBC News:
Hyundai says it is pausing ads on X, after one ad appeared next to antisemitic and pro-Nazi content; the ad appeared on a user profile that had 55K+ followers — The move came after a Hyundai ad appeared next to antisemitic posts from a user who has posted pro-Hitler content.
New York Times:
The judge in Trump's NY criminal trial ordered reporters on April 18 to not disclose jurors' job info and warned against sharing jurors' physical descriptions — Some news reports have included details about jurors that had been aired in open court. One was excused after she developed concerns about being identified.
Discussion:
The Wrap, Salon, @kenwhite.bsky.social, Wired, Associated Press, Mediaite, Daily Press, Mother Jones, CNN, @joeperticone, @brianstelter@threads.net, @conarck, @mitchellepner.bsky.social, The Daily Beast, @digiphile@threads.net, Politico, @lifewinning.com, Boing Boing, @kenwhite.bsky.social, @kenwhite.bsky.social, @apocalypticanow.bsky.social, @nycsouthpaw.bsky.social, @nycsouthpaw.bsky.social, @lizardky.bsky.social, @joshuajfriedman.com, @lizardky.bsky.social, @joshuajfriedman.com, @drvon2.bsky.london, @quinnae.com, @quinnae.com, @quinnae.com, PolitiFact and r/politics
Sara Fischer / Axios:
CalMatters, a nonprofit focused on CA politics and policy, acquires tech news nonprofit The Markup; CalMatters has ~$12.5M in funding and The Markup has $5M — - CalMatters today employs 72 people and The Markup employs 28. … - CalMatters currently has around $12.5 in philanthropic funding …
Ben Burgis / Jacobin:
A deep look at the reasons behind the ongoing strike at The Long Beach Post, including layoffs after staffers voted to form a union — Striking Long Beach Post journalists say they are fighting against layoffs, corporate media consolidation, and union-busting labor law violations.
Discussion:
@lbmguild, @benburgis, @jacobin and @lbmguild
Daniel Tencer / Music Business Worldwide:
Short-form video app Triller is merging with Hong Kong financial services company AGBA; Triller shareholders will own 80% of the combined company valued at $4B — Financially troubled social media app and TikTok competitor Triller is merging with a Hong Kong financial services company …
Discussion:
Los Angeles Times and Billboard, more at Techmeme »
Wall Street Journal:
Internal draft: UK's ICO says Google's Privacy Sandbox falls short and leaves gaps that can be exploited to undermine privacy of users who should be anonymous — In draft report, agency says Google's proposed replacements for cookies have gaps advertisers can exploit
Discussion:
@jason_kint and @jason_kint, more at Techmeme »
Sara Fischer / Axios:
Essence magazine's parent, Sundial Media Group, agrees to buy Refinery29 from Vice Media and names former Vice COO Cory Haik as CEO of Refinery29 — - The acquisition of Refinery29 will help Sundial and Essence extend their reach to content companies that cut across culture and commerce, Sundial said in a statement.
Discussion:
Sundial Media Group
Neel Dhanesha / Nieman Lab:
Q&A with Erica Heilman, host of “Rumble Strip”, an independent podcast she created in 2013 that chronicles how Vermont changed over the years — “I only make unimportant things now, but it's all the unimportant things that really make up our lives.”
Discussion:
@rumblestripvt and @neel_dhan
Jessica Testa / New York Times:
A look at Highsnobiety, a creative consultancy and clothing line, as well as magazine and website led by EIC Willa Bennett covering fashion and youth culture — Willa Bennett, the editor of Highsnobiety, at the Bowling Green subway station near its offices in New York.Lanna Apisukh for The New York Times
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