Top News:
Lauren Feiner / CNBC:
Twitter agrees to be acquired “by an entity wholly owned by Elon Musk” for $54.20 per share in cash; the ~$44B deal requires shareholder and regulatory approval — - Twitter's board accepted billionaire Elon Musk's offer to buy the social media company and take it private, the company confirmed.
Discussion:
@jeffbezos, @waltmossberg, @pekingmike, @elonmusk, PR Newswire, @elonmusk, Reuters, New York Times, Wall Street Journal, @dwuff, Axios, New York Times, Media Matters for America, @btaylor, Bloomberg, Fox News, Freddie deBoer, @oneunderscore__, TechCrunch, @brookesingman, CNN, New York Times, The Guardian, @sarahfrier, @tedcruz, @gabehudson, @davidsacks, @kantrowitz, The Atlantic, @rmac18, @jim_jordan, @paraga, @ggreenwald, @sarahjeong, @chrislhayes, @mims, @espiers, @joe_hill, @joannastern, @sarahfrier, @hblodget, @davewiner, @sarahcpr, @benfenton, @byjacobward, @lizweil, @evelyndouek, @emanuelmaiberg, @leratomannya, @mgsiegler, @sarafischer, @reuters, @thekenyeung, @artemr, @emilydreyfuss, @zubymusic, Los Angeles Times, @rmac18, @repjayapal, @mathewi, @dylanreeve, @davidafrench, @ayocaesar, Media Play News, @mat, @justinhendrix, @jarak, @mattrosoff, @russellholly, @ericjackson, @aprilaser, @benmekler, @kfury, @kantrowitz, @buzz, @bplewis, @michaelsteele, @tomgara, @jamesrbuk, @taylorlorenz, @caseynewton, @tressiemcphd, @repjimbanks, @obrien, Memex 1.1, @alexkoppelman, @daveleeft, @anthony, @alexhanna, @repbonnie, Breitbart, @ericjackson, @mgsiegler, Making It All Click, @davidaxelrod, Outside the Beltway, @mikeisaac, @loganbartlett, @film_girl, @danprimack, @kurtwagner8, @danprimack, @tomgara, @djrothkopf, @sriramk, @alkapdc, @manan, @tomcoates, @dcurtis, @atrupar, @tcarmody, @ggreenwald, @robaeprice, @mathewi, @alexhern, @mikedrucker, @wajahatali, Adweek, Fast Company, WWD, CowboyRadio Feed, PlausibleFoolishness's …, @mollyjongfast, @taylorlorenz, BetaNews, The Hollywood Reporter, AppleInsider, Financial Times, NBC10 Philadelphia, TechCrunch, CoinDesk, Observer, MediaPost, TMZ.com, The PhilaVerse and The Nibble Gang Newsletter, more at Techmeme »
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Brooke Singman / Fox News:
Trump says that, regardless of Elon Musk's Twitter purchase, “I am not going on Twitter, I am going to stay on Truth”, whose stock closed down 12.9% on Monday — Trump said a Musk Twitter takeover would be a positive development, but he will stay with his own platform
Discussion:
Politico, Axios, Washington Post, New York Times, Columbia Journalism Review, The Hill, Observer, The Wrap, Mediaite, CNBC, Los Angeles Times, The Atlantic, USA Today, New York Post, Vox, thedailybeast.com, Steve Bannon's War Room, Al Jazeera, The Verge, The Writing Shed …, Bloomberg, MarketWatch, Slate, Rolling Stone, CNN, San Francisco Chronicle, CNBC, CBS News, Music Ally, @maggienyt, @froomkin, Gizmodo, Noahpinion, Deadline, @fredbenenson, Newser, Insider, @drewharwell, @alexplitsas, @tcarmody, @palafo, Rounding the Earth Newsletter, @frankluntz, @sykescharlie, @obrien, Breitbart, ScreenRant, CNET, The Verge, TechCrunch, The US Sun, Variety, Defending Privacy and Reuters, more at Techmeme »
The Verge:
Elon Musk says he wants to improve Twitter by “making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans” — Elon Musk will buy Twitter for $45.5 billion — Twitter has accepted Elon Musk's offer to purchase the company for $45.5 billion …
Discussion:
New York Times, @mattyglesias, Bloomberg, Insider, Washington Post, Popular Information, Axios, BBC, @bridgetmarie, @business, @thebrianpark, @liquidhbox, @johniadarola, @lesliemac, Hmm That's Interesting, The Dossier, One Man & His Blog, Common Dreams, Today in Tabs, The Comeback, bookforum.com, Substack and New Jersey Online, more at Techmeme »
Javier Espinoza / Financial Times:
EU internal market commissioner Thierry Breton warns Elon Musk that Twitter must follow the new Digital Services Act rules or face fines or even a ban in Europe — EU commissioner Thierry Breton tells Tesla chief executive: ‘Elon, there are rules’ — Brussels has warned Elon Musk …
The New York Times Company:
Dean Baquet will lead a new one-year local investigative journalism fellowship at the NYT, which will offer free co-publication to local news outlets — The New York Times announces a new fellowship for investigative journalism focused on the state and local level.
Discussion:
@nytimespr, WWD, @maghielse, @fenitn, @maggienyt, @ceciliakang, @talmonsmith, @jodikantor, @christophclarey, @brianstelter, @pressgazette, @ericalg, @cliffordlevy, @cliffordlevy, @itsmelissabrown and @froomkin
Alex Sherman / CNBC:
Sources: rival strategies for CNN+, combined with unexpected events like Jeff Zucker's resignation and the Discovery merger, fueled the service's rapid demise — Chris Licht wasn't supposed to start his new job as CNN's chief until May. — But on Thursday he found himself addressing …
Discussion:
Axios, New York Times, Thought Sparks, @sherman4949, @axios, @esotericcd, What's New in Publishing, The Rebooting, New York Post, @margarita, @gabrielroth, @lindsaygoldwert, @mccarthyryanj, @jaspar, @dangillmor, @realityblurred, FTVLive, @vivian, @pilhofer, @brianbrackeen, @sherman4949, @bgrueskin, @ggreenwald, @niemanlab, @niemanlab, @cnbci, @_richardhall, @jonlemire, @thrasherxy, @kromandavid, @nytimes and @teflongeek
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Dade Hayes / Deadline:
Lionsgate and Roku strike a deal under which the studio's films will have exclusive runs on the free, ad-supported Roku Channel after they play on Starz — Lionsgate and Roku have struck a deal giving the studio's feature films an exclusive streaming run on the free, ad-supported Roku Channel after they play on Starz.
Discussion:
Axios, Variety, The Streamable, TechCrunch, Next TV, The Verge, Media Play News, Hollywood Reporter and WORLD SCREEN
Benjamin Mullin / New York Times:
Kevin Hart's media company HartBeat, which has deals with Peacock and Netflix, raises $100M from PE firm Abry Partners, sources say at a $650M valuation — The deal with Abry Partners is the latest example of private equity's pushing into Hollywood to cash in on the demand for streaming shows.
Discussion:
The Wrap, Reuters, The Hollywood Reporter, @benmullin, Deadline, Variety and @kevinhart4real
Robert Channick / Chicago Tribune:
Chicago Reader co-owner Len Goodman and three board members step down amid protests from employees, allowing the alt-weekly to transition to a nonprofit — ExpandAutoplay — 1 of 7 — Staff and supporters of the Chicago Reader rally April 21, 2022, outside the Lakeview home of Reader investor Leonard Goodman.
Discussion:
Chicago Sun Times, @schilukuri1, @pmontoro, @inthefade and @jonessoruthless
Helen Davidson / The Guardian:
Hong Kong's Foreign Correspondents' Club scraps the Human Rights Press Awards days before its plan to announce the winners, citing national security law fears — Foreign Correspondent's Club's decision sparks outrage from journalists and resignations from press freedom committee
Discussion:
Reuters, Al Jazeera, @suzannenossel, @hkliberty_team, @danstrumpf, Financial Times, Financial Times and Financial Times
Lucas Shaw / Bloomberg:
Sources: Netflix staff morale is down amid its declining stock price, subscriber losses, and an engineering restructuring to create “junior” and “senior” levels — As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees.
Discussion:
@michellemanafy, @carnage4life, @baekdal, @techwontsaveus, @bigmeaninternet, @tcarmody, @lucas_shaw, @lucas_shaw and @gergelyorosz
Todd Spangler / Variety:
Toni Reid joins YouTube as VP of product management to oversee Shorts, Gaming, livestreaming, and community products, after 24 years at Amazon — Toni Reid, after 24 years at Amazon, is joining YouTube as VP of product management to lead the video platform's Emerging Experiences and Community team.
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