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8:25 AM ET, April 28, 2022

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Lauren Feiner / CNBC:
Twitter reports Q1 revenue of $1.2B, up 16% YoY but below estimates, and $513M net income; mDAUs reached 229M; Twitter will offer no guidance pending Musk's bid  —  - Twitter reported earnings for the first quarter of 2022.  — It could be one of its last as a public company …
Mike Masnick / Techdirt:
Twitter has aggressively defended users' privacy and free speech rights, pushing back on unmasking subpoenas; it's unclear if this will continue under Musk
Kim Masters / Hollywood Reporter:
What went wrong at Netflix: sources say VP of content Cindy Holland's departure in 2020 let chief content officer Ted Sarandos prioritize quantity over quality  —  As rivals toggle between schadenfreude and fear, top creators and insiders are increasingly becoming vocal about what's gone wrong with the streaming giant's culture.
Yahoo Finance:
Meta reports Q1 ad revenue of $27B vs. $27.5B est., and says it expects FY 2022 expenses between $87B and $92B, less than the previously announced $90B to $95B  —  Facebook parent company Meta (FB) reported its Q1 2022 earnings on Wednesday, meeting expectations on revenue but missing on earnings per share.
Washington Post:
The WHCA turned down an offer to install ultraviolet devices to fight coronavirus transmission at its dinner on April 30, for which it has sold 2,600 tickets  —  White House correspondents rebuff proposal to install special lights to stop viral spread  —  More than 2,000 journalists …
Joe Flint / Wall Street Journal:
ESPN anchor Sage Steele sues the network and parent Disney, alleging ESPN violated her free-speech rights by retaliating for her words on a Jay Cutler podcast  —  Lawsuit centers on Ms. Steele's comments about Covid-19, ex-President Obama in a podcast interview last year
Georg Szalai / The Hollywood Reporter:
Comcast and Charter launch a 50:50 joint venture to develop a nationwide streaming platform that will use Comcast's Flex streaming tech and its Xumo content  —  Comcast will license Flex, its aggregated streaming platform and hardware, and contribute streamer Xumo to the joint venture …
Dell Cameron / Gizmodo:
Twitter confirms banning the promotion of HBO documentary Q: Into the Storm in 2021 via its ad platform, alongside QAnon account removal and content limiting  —  Twitter told the director of “Q: Into the Storm” it had “made the decision not to allow promotion of this documentary” when he tried to advertise the film.
Ashley Carman / Bloomberg:
Spotify Q1: revenue rose 24% YoY to €2.66B, including €282M from ads, up 31% YoY; paid subs rose 15% YoY to 182M, despite losing 1.5M in Russia; stock down 12%+  —  Spotify Technology SA has spent more than a billion dollars in an effort to become the No. 1 name in podcasting …
Jim Waterson / The Guardian:
The BBC plans to cut the number of programs it makes and weighs turning more TV stations into archive services, as the company looks for £285M in annual savings  —  Tim Davie suggests more stations could become archive services, as he prepares to announce deep cuts
Discussion: @jimwaterson
Megan Graham / Wall Street Journal:
Real-time TV ad measurement service iSpot.tv raises $325M from Goldman Sachs and says it had $75M in 2021 revenue, up from $51M in 2020  —  The firm helps marketers track whether their ads spurred a visit to their website or a purchase.  The new funding is the latest in a flurry of deals around TV ad metrics
 
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 More News: 
Alex Barker / Financial Times:
Nordic streaming service Viaplay buys the exclusive rights for up to 800 soccer games ahead of a UK launch in 2022; Viaplay has 4.8M subscribers across Europe
Jennifer Rankin / The Guardian:
The European Commission proposes measures to protect journalists and campaigners working to expose corruption and wrongdoing from “manifestly unfounded” SLAPPs
 Earlier Picks: 
Cecilia D'Anastasio / Bloomberg:
Sources: Twitch is weighing reducing the subscription revenue cut for creators in its partner program from 70% to 50%, among other changes to boost its revenue
Marie Woolf / Canadian Press:
Rachel Curran, a Meta Canada policy manager, tells a parliamentary panel the company has “serious concerns” about an online news bill modeled on Australia's law
Los Angeles Times:
After criticism, Los Angeles County's sheriff says his department is not pursuing a criminal leak probe into LA Times journalist Alene Tchekmedyian