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
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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
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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 …
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Axios, TechCrunch, CNET, @ashleyrcarman, Mediaite, Podcast Movement, Variety, Los Angeles Times, New York Post, Insider, Engadget, @mylesudland, @lucas_shaw, The Guardian, Music Ally, The Wrap, Fox News, The Verge and CNN, more at Techmeme »
Rick Porter / Hollywood Reporter:
Nielsen: streaming platforms accounted for 30% of US viewers' TV usage in March, the highest since Nielsen started measuring TV use by platform; cable took 37% — Nielsen's platform rankings for March also show cable posting gains driven by news coverage of Ukraine.
Discussion:
nielsen.com
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 …
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@dangillmor, @harrispolitico, @jeffjarvis, @jamesfallows, @froomkin, @andrewfed, @andrewfed, @pkafka, @jonahdispatch, Columbia Journalism Review, @marclacey, Talking Biz News and @cjr
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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
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
Discussion:
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Brendan Brady / Antenna:
Netflix had 3.6M US subscriber cancellations in Q1, over 1M more than any quarter since Q4 2020; gross additions remained fairly stable, ranging from 2.2M-2.9M — Netflix Q1'22 results revealed a quarterly net subscriber loss ( link). Antenna unpacked some of the latest dynamics around …
Discussion:
MediaPost and @loudmouthjulia
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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
Netflix's Q1 earnings show that Disney, Paramount, and other companies that reorganized around streaming video must deal with consistent subscriber volatility
Discussion:
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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+ …
Discussion:
Deadline, TechCrunch, Adweek, Next TV, New York Post, Financial Times, iMore, The Hollywood Reporter, @sherman4949, The Wrap, Reuters, Wall Street Journal, The Streamable and WORLD SCREEN
Jon Porter / The Verge:
Spotify now lets all creators in the US, the UK, Canada, Australia, and New Zealand upload video podcasts via Anchor, which Spotify acquired in February 2019 — After over a year of more limited tests — All creators in the US, UK, Canada, Australia, and New Zealand can now upload video podcasts …
Discussion:
TechCrunch, @glenngabe, WebWire and 9to5Mac, more at Techmeme »
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
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 — Instagram head Adam Mosseri announced today that the company is going to tweak its ranking algorithm to highlight original content more on its platform.
Stephanie Bodoni / Bloomberg:
After conversations with regulators, Google announces a redesign of its cookie consent banner in Europe, including a “reject all” button, starting in France — Alphabet Inc.'s Google said it's rolling out a new European-wide policy allowing users to more easily avoid being tracked on the internet via cookies.
Discussion:
Protocol, 9to5Google, The Verge and The Keyword, more at Techmeme »
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 — From Alden Global Capital to Sinclair Media, tales of corporate media takeovers of local news outlets — and their chilling effects — are everywhere.
Discussion:
@sarabethberman, @annala7680 and @niemanlab