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4:55 PM ET, April 22, 2021

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 Top News: 
Todd Spangler / Variety:
AT&T Q1: WarnerMedia revenue was $8.5B, up 9.8% YoY; DTC subscription revenue was $1.8B, up 35.3% YoY; HBO Max/HBO added 2.7M subscribers for a total of 44.2M  —  As of the end of March, HBO Max/HBO combined had 44.2 million domestic customers, up 2.7 million from 41.5 million at the end of 2020.
Joshua Benton / Nieman Lab:
A look at the flaws in the study claiming a gap between Americans and the values espoused by journalists, whose conclusions aren't quite supported by its data  —  A study that seemed to claim they had was treated as “bad news for journalists: the public doesn't share our values.”
Katie Robertson / New York Times:
NYT says it won't voluntarily recognize the NYT tech workers' union, telling it to put the effort to a formal vote through the NLRB  —  The company said that, for now, it would not recognize a newly formed union representing more than 650 Times employees.  —  The New York Times Company …
Financial Times:
Sources: Apple plans to expand its ad business and add a second ad slot in the App Store search page even as it introduces privacy rules crippling ads by rivals  —  New privacy rules deal a huge blow to how the mobile advertising industry works  —  Apple will expand its advertising business …
RELATED:
Ben Thompson / Stratechery:
Apple's Podcasts Subscriptions is costly but offers a great Apple-controlled customer experience that could reduce subscriber churn and boost conversion rates
New York Times:
W.W. Norton stops shipments of a Philip Roth biography after claims the writer, Blake Bailey, groomed his students; two women say he sexually assaulted them  —  W.W. Norton, citing the accusations that the author, Blake Bailey, faces, said it would stop shipping and promoting his new best-selling book.
Anthony Ha / TechCrunch:
Facebook says there are 2B+ users each month watching videos eligible for in-stream ads and is starting a test of targeting by topic for in-stream video ads  —  Facebook is announcing some new capabilities for video advertisers on Facebook and Instagram, as well as new numbers about the potential audience that those ads might reach.
Andy Robinson / VGC:
Sony confirms it is testing PlayStation Plus Video Pass, which lets PS Plus subscribers access over 20 movie and TV shows from Sony Pictures, in Poland  —  POLISH USERS HAVE ACCESS TO VIDEO CONTENT FROM TODAY; NO NEWS ON OTHER MARKETS YET  —  Sony Interactive Entertainment …
Jabari Young / CNBC:
Overtime, which distributes sports content on social media, raises $80M Series C, part of which will fund its basketball league for 16-to-18-year-olds  —  - Overtime raised $80 million in a Series C with investors including Bezos Expeditions, Drake and NBA stars including Devin Booker, Trae Young and Klay Thompson.
Salvador Rodriguez / CNBC:
Snap reports Q1 revenue of $770M, up 66% YoY, vs $743.8M est., DAUs were up 22% YoY to 280M, net loss of $287M, down from $306M YoY  —  - Snap's stock rose in after-hours trading on Thursday after the company reported its first-quarter results despite beating Wall Street's expectations on earnings, revenue and user growth.
Marty Swant / Forbes:
Atmosphere TV, a streaming service that provides audio-optional content supported by ads, raises $25M Series B from Valor Equity at a valuation of $275M  —  It's been more than a year since many Americans have sat inside a bar or restaurant, casually watching a silent TV play in the background.
 
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 More News: 
Ad Age:
Global Alliance for Responsible Media report shows gaps remain in how Facebook, Instagram, YouTube, and other social media platforms disclose harmful content
Reuters News Agency:
Reuters has appointed Gina Chua as executive editor, reporting to EIC Alessandra Galloni; Chua has been EIC of the South China Morning Post and The Asian WSJ
 Earlier Picks: 
Cynthia Littleton / Variety:
Disney and Sony Pictures to bring Marvel films and other properties to Disney Plus starting with Sony's 2022 slate; titles go to Netflix, then Disney