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3:10 PM ET, April 12, 2022

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Sara Fischer / Axios:
Sources: CNN planned to invest ~$1B in CNN+ over four years and projected 2M US subs in year one, but will likely cut back dramatically after spending ~$300M  —  Investment and projections for CNN+ are expected to be cut dramatically in response to a low adoption rate, two sources tell Axios.
Diane Haithman / The Wrap:
Warner Bros. Discovery closed up 1.27% on Monday at $24.78 per share, after opening at $24.08 on its Nasdaq trading debut  —  Warner Bros. Discovery, the merged entity of WarnerMedia and Discovery, started its first Nasdaq trading day on Monday at $24.08 per share, rocketed up to close to $26 per share …
Elahe Izadi / Washington Post:
Gannett will cut at least one print day at 50 papers by June; Gannett exec says e-edition use is up 140% since March when print days were cut at 136 papers  —  When she was a child, Sandy Auburn's father read the comics to her; eventually, she learned to read them to him.
Ross A. Lincoln / The Wrap:
Returning from a hiatus, Rachel Maddow announces she will host her MSNBC show on Monday nights only from May to give herself more time to work on other projects  —  In her return from a hiatus of almost two months, Rachel Maddow announced on Monday night that starting in May, she'll begin hosting …
Sara Fischer / Axios:
Snap launches Dynamic Stories, which lets news outlets publish stories using RSS feeds, facilitating breaking news coverage, starting with 40+ publishers  —  Snapchat is rolling out a new product that aims to make it easier for news publishers to upload their content in real time as stories break, Axios has learned.
Megan Graham / Wall Street Journal:
OpenWeb, which helps publishers manage comments and user interactions, buys French digital ad firm Adyoulike for $100M to connect reader data with advertisers  —  The addition of Adyoulike will help publishers use first-party data to advertise to their readers
Sarah Perez / TechCrunch:
Spotify rebrands companion app Spotify Greenroom as Spotify Live and integrates its live audio capabilities in the main app minus the interactive features  —  As an earlier report had suggested, Spotify today announced it will integrate the live audio capabilities from its companion app …
Sarah Scire / Nieman Lab:
After a two-year pause, the News Leaders Association is sharing its newsroom diversity survey this week; 303 outlets participated, missing the goal of 2,500  —  Meredith Clark, who has led the News Leaders Association's diversity survey in recent years, has resigned from the project.
Jack Neff / Ad Age:
Comcast's ad sales unit Effectv says it will start using Comscore as a measurement alternative to Nielsen for local TV, covering 66 markets and 35M subscribers  —  Deal with Comcast's Effectv covers 66 local markets, 35 million subscribers and supports shift toward selling custom audiences during pandemic
Discussion: Next TV
Gillian Tan / Bloomberg:
Toronto-based Viral Nation, a digital brand marketing firm that also manages social media influencers, raises CAD$250M at a CAD$650M valuation  —  Viral Nation Inc., a digital marketing firm that manages social media influencers and works with some of the world's largest tech companies …
 
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 More News: 
Alex Ritman / The Hollywood Reporter:
FIFA launches FIFA+, an ad-supported platform with live games from domestic leagues, archival content, and documentaries, but no World Cup games
Megan Graham / Wall Street Journal:
IAB: US digital ad spend rose 35% YoY to $189B in 2021, the largest gain since 2006; 10 publishers and platforms took 78.6% of the total, up from 78.1% in 2020
 Earlier Picks: 
Janko Roettgers / Protocol:
Netflix is rolling out a Double Thumbs Up ratings option, which will appear next to the thumbs up and down buttons, to let it refine content recommendations
Brendan I. Koerner / @brendankoerner:
[Thread] A nonfiction writer chronicles the times his books and articles have been “ripped off” without attribution by podcasters and YouTubers