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10:40 AM ET, April 21, 2021


 Top News: 
Ashley Carman / The Verge:
Apple unveils in-app subscriptions for Apple Podcasts; Apple will take 30% of revenue in the first year, and 15% in following years  —  For ad-free, early access, and bonus content  —  A monumental change is coming to Apple Podcasts' business: the company is launching subscriptions within the Apple Podcasts app.
Edmund Lee / New York Times:
Competitors like Disney+, HBO Max, and Amazon Prime Video have cut into Netflix's share of viewer attention, but the company is in its best financial shape ever  —  The streaming service reported the addition of four million new customers for the first quarter, below the six million it had forecast.
Netflix reports Q1 revenue of $7.16B, up 24% YoY, and 208M paid memberships, up 14% YoY but below its forecast of 210M; stock down 10%+ after hours  —  Revenue grew 24% year over year and was in line with our beginning of quarter forecast, while operating profit and margin reached all-time highs.
Rebecca Davis / Variety:
Reporters Without Borders:
RSF's 2021 Press Freedom Index finds journalism is totally blocked or seriously impeded in 73 of 180 countries and constrained in 59 others; US ranks 44th
Fern Siegel / The Streamable:
Byron Allen launches Local Now, a free ad-supported streamer that aggregates 300+ hyperlocal channels across 225 markets in the US  —  Local Now, the free ad-supported streamer, has kicked off on most major platforms.  Local Now aggregates and streams local news, weather, sports, traffic and entertainment in real time.
Discussion: The Wrap
Todd Spangler / Variety:
Roku rebrands Quibi content as Roku Originals and says those 75+ shows will be available to watch for free on the ad-supported Roku Channel later this year  —  Roku is officially dropping the Quibi name. … The 75-plus original shows from Quibi will be available to watch for free …
Editor and Publisher:
Publishers of 125 US newspapers have filed or announced suits against Google and Facebook, claiming the tech giants illegally monopolized the digital ad market  —  Publishers of 125 newspapers in 11 states filed or announced lawsuits against Google and Facebook on Monday claiming the tech giants …
Hollywood Reporter:
Verizon Media reports Q1 revenue of $1.9B, up 10.4% YoY, its first quarter of YoY growth since Yahoo acquisition in 2017; FiOS TV lost 82,000 subscribers  —  The telecom giant also posts latest results for its Verizon Media unit, which includes the likes of Yahoo and AOL.
Wall Street Journal:
Researchers: fraudsters spoofed an average of 650M online ad placements per day by infecting ~1M mobile devices with software that mimicked streaming apps  —  Fraudsters mimicked popular apps, siphoned off revenue from unsuspecting advertisers, cybersecurity firm says
Aubrey Allegretti / The Guardian:
Connie Bruck / New Yorker:
Profile of Ari Emanuel in his quest to be a mogul, from creating Endeavor to his recent focus on investing in live events businesses  —  Hollywood's most tenacious agent tries to remake himself as a mogul.  —  On February 29, 2020, Ari Emanuel, the C.E.O. of the Endeavor company …
Cynthia Littleton / Variety:
SEC filing: entertainment group Endeavor, which owns WME and UFC, aims to raise about $500M with its NYSE IPO, which would value it at about $10B
Sara Fischer / Axios:
Zuckerberg says Facebook is planning a short-form audio product called Soundbites, a podcast discovery tool, and more audio products for the next 3 to 6 months  —  Facebook CEO Mark Zuckerberg on Monday said Facebook was launching a suite of new tools and features designed to help users better connect …
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 More News: 
Manuel Roig-Franzia / Washington Post:
Profile of Dan Bongino, a Trump supporter who leads lists of shared Facebook posts, has a thriving YouTube channel, and will fill Limbaugh's radio spot in May
Brooks Barnes / New York Times:
Searchlight Pictures senior executives Steve Gilula and Nancy Utley announce their retirement from the Disney-owned specialty studio, leaving by the end of June
 Earlier Picks: 
Sara Fischer / Axios:
Morning Brew co-founder Austin Rief will replace Alex Lieberman as CEO; the outlet had $20M in revenue last year, grew staff to ~100, and has 3M subscribers
Patience Haggin / Wall Street Journal:
Daily Mail owner files antitrust suit against Google alleging it punishes publishers in search if they don't sell enough ad space through Google's marketplace
Katie Robertson / New York Times:
The Village Voice returned to print in a new issue on Saturday; Brian Calle plans a print issue about four times a year, with the end goal of publishing monthly