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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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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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
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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 …
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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
Discussion:
New York Times, @reckless, Deadline, Vanity Fair, CNBC, @paul__armstrong, @smulpuru, @reckless, @reckless, @timsweeneyepic, @blackamazon, The A.V. Club, @nina_metz, @alexweprin, @sherman4949, @aemccarthy, Bloomberg, TechCrunch and Variety
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+ …
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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
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