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6:45 PM ET, February 4, 2021

Mediagazer

 Top News: 
Marc Tracy / New York Times:
In 2020, NYT hit 7.5M subscribers, added 2.3M digital-only subs, generating $598.3M in revenue, up 30% YoY; ad rev fell 26% YoY to $392.4M; profit hit $250.6M  —  In its fourth-quarter earnings report, The New York Times Company said 2020 was its biggest year for adding subscribers.
RELATED:
Sarah Scire / Nieman Lab:
NYT is working on a subscription product for Wirecutter, a standalone product for audio app Audm, and says podcasts generated $36M in 2020, up from $29M in 2019  —  The New York Times is working on building a subscription product for its consumer reviews site Wirecutter …
Discussion: MediaPost and Poynter
New York Times:
CNN President Jeff Zucker says he expects to leave at the end of 2021, when his contract ends  —  The executive shaped the look and feel of CNN since coming aboard in 2013.  The network hit record ratings in recent months, during which Mr. Zucker had tensions with his newly installed boss.
New York Times:
Election tech company Smartmatic files $2.7B defamation lawsuit against the Fox Corporation, Fox News, and hosts Lou Dobbs, Maria Bartiromo, and Jeanine Pirro  —  Smartmatic accused Rupert Murdoch's network of promoting a false narrative about the 2020 election that damaged the company.
Salvador Rodriguez / CNBC:
Snap beats with Q4 revenue of $911M, up 62% YoY, vs $857.4M est., DAUs were up 22% YoY to 265M; stock down 7%+ after hours on weak Q1 forecast  —  - Snap's stock fell in after-hours trading on Thursday after the company reported its fourth-quarter earnings despite beating Wall Street's expectations on earnings, revenue and user growth.
Andrew Marantz / New Yorker:
The case of John Sullivan, who's participated in and recorded riots, including the Capitol assault, raises questions on how to delineate journalists from others  —  John Sullivan claims that he was at the Capitol insurrection as a neutral journalist.  Others say he was a riot chaser who urged the mob to “burn this shit down.”
Zack Budryk / The Hill:
Toronto Star and other Torstar-owned papers left front pages blank Thursday as they launched a campaign for new laws regulating Google and Facebook  —  The Toronto Star left its front page blank Thursday to call for further regulation of tech giants such as Google and Facebook, saying they have too much control over news content.
Manori Ravindran / Variety:
Vice Media diversity report: 56% of staff are women, up 5.8% YoY; 42% of US staff are BIPOC, up 3.9% YoY; among execs, 43% are BIPOC, up from 20% last year  —  The boys club that was once synonymous with Vice is quietly disbanding.  —  A seismic shift in the work culture and make-up of Vice Media Group …
Discussion: @kerrymflynn and The Wrap
News Corp:
News Corp reported Q2 net income of $261M on revenue of $2.41B; WSJ subs were up 19% YoY to 3.22M, and NY Post reported its first profit in modern times  —  FISCAL 2021 SECOND QUARTER KEY FINANCIAL HIGHLIGHTS  • Revenues were $2.41 billion, a 3% decline compared to $2.48 billion in the prior year …
Discussion: @joepompeo
Julie Hart / American Press Institute:
New Hampshire's the Laconia Daily Sun is training its letter writers in conflict mediation skills to help reduce animosity in opinion page submissions  —  Editor's Note: The American Press Institute is exploring how news organizations are reimagining opinion journalism to support constructive conversations in their communities.
Kathryn Hopkins / WWD:
Time launches $2.99/month paywall that kicks in after four free articles, starting in US and Canada; Sports Illustrated introduced $5.99/month metered paywall  —  Time's will start at $2.99, while Sports Illustrated's digital-only subscription is priced at $5.99.
Discussion: @justin_b_smith
Pranav Dixit / BuzzFeed News:
India's IT ministry orders Twitter to block the recently restored accounts of critics and The Caravan magazine, threatens Twitter staff with jail time or fines  —  India's government has threatened to punish employees at Twitter with fines and jail terms of up to seven years for restoring hundreds …
RELATED:
Vidya Krishnan / The Atlantic:
The latest attacks on the media in India, part of a pattern of legal cases and intimidation, make clear that freedom of the press is endangered in Modi's India
 
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 More News: 
Felix Salmon / Axios:
Katherine Maher, the Wikimedia Foundation's CEO, will step down as of April 15; the foundation's board has created a search committee to find her successor
Meg James / Los Angeles Times:
TV mogul Byron Allen and Charter Communications settle a lawsuit in which Allen claimed racism motivated Charter to refuse to distribute his small TV channels
Discussion: PR Newswire, TheGrio and Deadline
Eric J. Savitz / Barron's Online:
IAC Q4: Vimeo earnings of $1.5M, revenue of $83.8M, up 54% YoY, subscribers up 24% to 1.5M; Dotdash earnings of $30.9M, up 81% YoY, revenue of $74M, up 33% YoY
NPR:
NPR debuts the Station Investigations Team, part of its Collaborative Journalism Network; it will work with member stations to report investigative projects
Meredith Corporation:
Meredith Q2: earnings of $148.5M on revenue of $901.5M, up 11% YoY; licensing revenue up 34% YoY, partly driven by Apple News+; digital ad revenue up 22% YoY
 Earlier Picks: 
Ofcom:
UK's Ofcom revokes broadcasting license of China Global Television Network because the licensees didn't have editorial control over CGTN's output
The Daily Beast:
Over 150 NYT staffers sent a letter to bosses criticizing the handling of complaints that Donald McNeil Jr. used racist language on a NYT-sponsored trip
Sara Fischer / Axios:
Daily business newsletter The Hustle, which has 1.5M+ subscribers, is being acquired by sales and marketing software company HubSpot, source says for about $27M
Washington Post:
Sean Hannity's on-air angst reflects the tumult inside Fox News, as it faces a dip in January ratings and renewed scrutiny from the Murdoch family