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7:10 PM ET, April 21, 2022

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 Top News: 
New York Times:
Warner Bros. Discovery will shut down CNN+ on April 30, after its March 29 debut; sources: CNN+ had ~150K subscribers and was on pace to hit first-year goals  —  The new corporate owners of CNN are moving to end the new streaming service just weeks after a splashy debut.  — Give this article- - - Read in app
Wall Street Journal:
Sources: Meta is reviewing whether COO Sheryl Sandberg pressured the Daily Mail in 2016 and 2019 into killing stories about her then-boyfriend Bobby Kotick  —  Social-media executive, who dated the Activision Blizzard CEO, was part of campaign to persuade the U.K. tabloid to shelve a potential article
RELATED:
Alex Weprin / Hollywood Reporter:
Netflix's Q1 earnings show that Disney, Paramount, and other companies that reorganized around streaming video must deal with consistent subscriber volatility
Bloomberg:
Sources: Barack and Michelle Obama's production company Higher Ground doesn't plan to re-sign with Spotify, and is talking to Audible, iHeartMedia, and others  —  Barack and Michelle Obama's time with Spotify Technology SA is coming to an end.  —  The former first family's production company …
Luke Winkie / Nieman Lab:
A look at the paranoia and cuts in BuzzFeed's newsroom after the company's SPAC deal and whether its market debut will serve as a warning to its digital peers  —  Many of the members of BuzzFeed's newsroom feel as if they were sold a bill of goods.  —  The digital media stalwart opened itself …
Todd Spangler / Variety:
AT&T reports HBO Max and HBO gained 3M subscribers in Q1 globally for 76.8M in total; WarnerMedia made $8.7B in Q1 revenue, up 2.5% YoY, as ad revenue hit $1.7B  —  The now-divested WarnerMedia unit was again a drag on profitability because of continued investments in HBO Max and the launch of CNN+ …
James Fallows / Breaking the News:
The New York Times under Joe Kahn should re-create the role of the public editor and reexamine coverage of the 2016 election  —  Congratulations to Joseph Kahn on being named the next Executive Editor at the New York Times.  This is among the handful of trickiest and most challenging jobs …
RELATED:
Michael M. Grynbaum / New York Times:
The New York Times Executive Editor Joe Kahn announces his leadership team; Marc Lacey and Carolyn Ryan will be managing editors starting on June 14
Aisha Majid / Press Gazette:
Analysis: only eight of 50 leading local UK news sites drew 50%+ of their UK audience from their region; for 20, less than a third of their audience was local  —  As local print newspapers have declined and closed, traffic to local news websites across the UK has surged.
Discussion: @jamesrbuk
Maria Repnikova / The Atlantic:
As Putin's regime drops even the appearance of democracy in Russia, restrictions on press freedoms are unlikely to be rolled back when the war in Ukraine ends  —  While I was researching Russian investigative journalism a little over a decade ago, several of the people I interviewed used variations …
Discussion: @prashantrao
Mollie Cahillane / Adweek:
Ad-tech company Xandr is partnering with six Nielsen alternatives, 605, Comscore, EDO, Samba TV, TVision, and VideoAmp, ahead of upfronts  —  Xandr is the latest company to jump on the alternative currencies train.  Ahead of the upfronts, the ad-tech company partnered with data providers 605 …
Discussion: Ad Age, Business Wire and Beet.TV
 
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 More News: 
Marc Wojno / ZDNet:
Live Bash, which lets artists livestream their performances and convert the shows into digital collectibles and NFTs, raises a $21M seed from unnamed investors
Brooks Barnes / New York Times:
Florida's legislature votes to revoke Disney World's special tax district status, which it held for 55 years, after a clash over the state's “Don't Say Gay” law
 Earlier Picks: 
Shraddha Chakradhar / Nieman Lab:
A study of 130K articles published by 31 newspapers acquired by firms like Alden and Sinclair finds a significant decrease in local content post-acquisition
Aisha Malik / TechCrunch:
Instagram plans to tweak its ranking algorithm to highlight original content more and recommend accounts that aggregate and reshare other users' content less
Makena Kelly / The Verge:
Six ex-staffers of Arsenal Media, co-founded by Benny Johnson to make GOP clients' content go viral, describe bullying, toxic HR practices, and late payroll