Top News:
Hugh Son / CNBC:
Binance invests $200M to help Forbes with its plan to go public via a SPAC in Q1 2022, making Binance one of Forbes' two largest owners after its listing — - Binance, the world's biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year old magazine and digital publisher, CNBC has learned.
Discussion:
Axios, Forbes, Insider, TechCrunch, Financial Times, @coryklippsten, @krugermacro, @seldo, Protocol, New York Post, @sub8u, @tante, @alexeheath, Web3 News, @dgisserious, @tomgara, @protocol, @claireatki, City A.M., @justinsuntron, @ahcastor, @binance, @davidgokhshtein, @aaberwick, @wublockchain, @hugh_son, @alex, @thedomino, @c1aranmurray, @timccopeland and @cz_binance, more at Techmeme »
Michael M. Grynbaum / New York Times:
New York appeals court temporarily stays an order by a state trial judge, allowing the NYT to publish and retain documents concerning Project Veritas — A state appeals court said that a judge's order preventing publication of the documents would not be enforced until a formal appeal could be heard.
Discussion:
Freedom of the Press …, @nytmedia, @freedomofpress, @jeremylittau, @adamgoldmannyt, @lrozen and @grynbaum
Wall Street Journal:
The US Senate follows the House in approving a bill barring companies from using forced arbitration in sexual assault or harassment claims; Biden will sign it — Some lawmakers want to ban such clauses for other complaints, such as racial discrimination — WASHINGTON—Companies would no longer …
Jordan Rose / Complex:
Snoop Dogg acquires Death Row Records from Blackstone-controlled company MNRK Music Group — Snoop Dogg has acquired Death Row Records from the Blackstone-controlled company MNRK Music Group. — According to a press release via Business Wire, the rap legend will be leading the brand for the coming years as its new owner.
Alexandra Bruell / Wall Street Journal:
WaPo plans to add 70 newsroom positions this year, including nearly 20 roles focused on health and wellness and over 20 focused on climate and extreme weather — The plan, which includes the addition of at least 70 newsroom roles, also will expand coverage of social issues, technology and international investigations
Discussion:
Washington Post
Bloomberg:
Netflix: Black employees hold ~13% of US leadership jobs, women make up 51.7% of the global workforce, and Hispanic workers are still under-represented at 8.6% — Netflix has increased the diversity of its U.S. staff, including more Black top executives, as the company looks to have its workforce better mirror the broader population.
Discussion:
About Netflix, The Wrap and Variety
Joshua Benton / Nieman Lab:
The bitcoin-related arrest of a writer who posted 47 times on Forbes.com highlights earlier use of Forbes' contributor network for scams, PR, or bad journalism — That “rapper” accused of billions in crypto fraud was also a Forbes contributor. Is it finally time to move past the contributor network?
Discussion:
@jbenton, @kantrowitz, @jppullen, @parkermolloy, Boing Boing, @vectorpoem, @karlbode, Newslit Daily, @bgrueskin, @sir_ruffy, @jbenton, @sciguyspace, @brosandprose, @annatarkov, @paulbradleycarr, @risj_oxford, @technollama, @netculture, @ckrewson, @brucebartlett, @stephenbeck, @kateconger, @mmasnick, @byrontau, @tprice504, @eliotwb, The Muffin por Mauricio …, @robinwigg, @pearseanderson, @dangillmor, @charliebeckett, @josh_emerson, @lyssaslounge, @jackmarshall, @caseynewton, @bryanrolli, @jeremy_borden, @ckrewson, @scottnover, @anthony, @niemanlab, @erinahennessy, @lpolgreen, @sarahnemerson and @blakersdozen, more at Techmeme »
PR Newswire:
Twitter misses with Q4 revenue of $1.57B, up 22% YoY, net income of $182M, down 18% YoY; 217M mDAUs, up from 192M YoY; FY 2021 revenue hit $5.08B, up 37% YoY — Annual Revenue Growth of 37% to $5.08 Billion and Average Monetizable Daily Active Usage (mDAU) Growth of 13% to 217 Million in Q4
Discussion:
Variety, MacDailyNews, The Verge, The Wrap, @twitterir, @brianstelter, @twitterir and CNBC, more at Techmeme »
Charlotte Tobitt / Press Gazette:
UK culture secretary formally releases News UK from legal restrictions dating to 1981, which guaranteed the editorial independence of the Times and Sunday Times — The Culture Secretary has formally released News UK from its legal undertakings to keep The Times and The Sunday Times separate.
Todd Spangler / Variety:
Disney beats Q1 estimates with 129.8M Disney+ subscriptions worldwide, up 37% YoY, and $21.82B in revenue, up 34% YoY; stock up 7%+ — Disney Plus powered to a strong year-end finish, with the media giant's flagship streaming business blowing past expectations to hit almost 130 million users.
Discussion:
Hollywood Reporter, CNBC, Fortune, The Streamable, The Streamable, Wall Street Journal, Axios, @domsplaying, Fast Company, ScreenRant, Junghoon's Direct Media …, The Wrap, @ldignan, @xpangler, @fedprom, @cnbc, Digiday, Business Wire, @scottygb, @xpangler, MediaPost, Deadline, ABC7, Decider, Ad Age, Digital Trends, Deadline, Hollywood Reporter and New York Post
Ben Sisario / New York Times:
Sting sells his songwriting catalog, covering song copyrights and royalties as a songwriter, to UMG; the deal is estimated to be worth $250M or more — The deal, worth an estimated $250 million, covers his entire output as a songwriter, including solo work and hits by the Police like “Every Breath You Take.”
Discussion:
Variety, Forbes, The Wrap, Reuters, @film_girl, @thewrap, New York Post, Wall Street Journal, Music Business Worldwide, @umg, @billboardbiz and Rolling Stone
Jim Waterson / The Guardian:
BBC pulled a documentary on a crypto trader hours before it was due to air after a reporter questioned its main claims, another case of patchy crypto coverage — Programme about ‘self-made crypto-millionaire’ dropped amid questions over central claims — The BBC has pulled a documentary …
Discussion:
@jimwaterson, @connorsephton, City A.M., Daily Mail, CoinMarketCap Alexandria, @martinsfp, @hef4caerphilly, BirminghamLive, @journojess_ and Boing Boing
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