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, The Guardian, Insider, TechCrunch, @krugermacro, @coryklippsten, @seldo, Protocol, New York Post, @sub8u, @alexeheath, @tante, Web3 News, @dgisserious, @tomgara, @protocol, Financial Times, @justinsuntron, @ahcastor, @aaberwick, @thedomino, @c1aranmurray, @timccopeland, @claireatki, @binance, @davidgokhshtein, @wublockchain, @hugh_son, @alex, @cz_binance and City A.M., 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, @grynbaum, @jeremylittau, @adamgoldmannyt and @lrozen
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.
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 …
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, @sominisengupta, @eilperin, @philiprucker, @bethsawin, @zhirji28, @lffriedman, @sammy_roth, @oliverdarcy, @sammy_roth and @lizsly
Bloomberg:
Netflix in 2021: 51.7% of workers were women, up from 48.7%; 13.3% of US leaders were Black, up from 10.9%, and 8.6% of US workers were Hispanic, up from 7.9% — 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, Variety and @lucas_shaw, more at Techmeme »
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, @bgrueskin, @sciguyspace, @vectorpoem, @paulbradleycarr, @technollama, @ckrewson, @brucebartlett, @karlbode, @eliotwb, @robinwigg, @jbenton, @brosandprose, @parkermolloy, @annatarkov, @risj_oxford, @netculture, @stephenbeck, @byrontau, @tprice504, Newslit Daily, The Muffin por Mauricio …, @kateconger, @mmasnick, Boing Boing, @sir_ruffy, @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 Wrap, @twitterir, The Verge, @brianstelter, @twitterir and CNBC, more at Techmeme »
Catie Keck / The Verge:
YouTube details creator updates: new video effects, editing capabilities, and monetization tools for Shorts, Shopping expansion, Studio improvements, and more — A lot of new features are in the works for 2022 — YouTube is expanding the ways creators can monetize their content …
Discussion:
YouTube Official Blog, TechCrunch, Protocol, @fwiz and @nealmohan, more at Techmeme »
Alex Sherman / CNBC:
Q&A with The Athletic co-founders on the reasoning behind the sale to The New York Times, including respect for NYT's expertise in growing subscriptions — - The Athletic co-founders Alex Mather and Adam Hansmann spoke to CNBC in their first interview since selling to The New York Times.
Discussion:
@mediaevan, @markjburns88 and @sherman4949
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.
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, @billboardbiz, Music Business Worldwide, @umg and Rolling Stone
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