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9:40 PM ET, April 28, 2022


 Top News: 
Natalie Oganesyan / The Wrap:
Source: Netflix lays off writers and editors from fan site Tudum, launched in December 2021, in a marketing reorganization that globally laid off 25 out of 500+  —  Netflix's companion fan website Tudum — the streaming service's hub for news about its original content and additional marketing arm …
Natalia Antelava / Coda Story:
Dozens of local newsrooms in Ukraine are experiencing drops in revenue and audience on Facebook and Instagram, as Meta broadly applies its disinformation rules  —  Valerii Garmash, a 42-year-old Ukrainian coder and entrepreneur, remembers the devastation Russians left behind in Slovyansk …
New York Times:
G/O Media acquires business news site Quartz for an undisclosed price; Quartz CEO and co-founder Zach Seward will stay on as Quartz EIC and general manager  —  The deal is the latest in a wave of consolidation among digital publishers.  —  G/O Media, the owner of websites that once belonged …
Washington Post:
Some US officials, including the LA County sheriff, increasingly use power to attack or threaten journalists, sending intimidating messages to all media  —  A California sheriff's targeting of a reporter is the latest instance of authorities misusing power.  ‘These are steps toward autocracy,’ says one press freedom advocate.
Financial Times:
In an email, Twitter reassures advertisers it will remain a safe place for brands after Elon Musk's takeover, as advocacy groups predict more toxicity and abuse  —  Campaigners and car manufacturers among groups to express concern over Tesla chief's $44bn takeover
Lauren Feiner / CNBC:
Twitter reports Q1 revenue of $1.2B, up 16% YoY, vs. $1.23B est., net income of $513M, and 229M mDAUs; Twitter says it won't offer guidance pending Musk's deal  —  - Twitter reported earnings for the first quarter of 2022.  — It could be one of its last as a public company after its board agreed …
Annie Palmer / CNBC:
Amazon reports Q1 advertising services revenue grew 23% YoY to $7.88B vs $8.17B est., and subscription services grew 11% to $8.4B  —  - Amazon shares fell in extended trading on Thursday after the company gave a revenue forecast that trailed analysts' estimates.
Wall Street Journal:
Netflix's quest to grow its Asian market faces formidable challenges, including competition from local services, viewers' preference for local content, and more  —  The competition is cutthroat across Asia, the world's key streaming battleground, with a crowded field of foreign and local services
Discussion: @wsj
Lauren Forristal / TechCrunch:
Amazon launches Audio Streaming for Hearing Aids on second-gen Fire TV Cubes for Starkey hearing aids, the first US streaming media player to support ASHA  —  Today, Amazon Fire TV announced the launch of Audio Streaming for Hearing Aids (ASHA) on Fire TV Cube (2nd gen) for compatible Bluetooth hearing aids from Starkey.
Lauren Forristal / TechCrunch:
Sensor Tower: HBO Max had a 21% US download market share for Q1 2022, ahead of Disney+'s 17% and Netflix's 15%; Peacock, Hulu, and Prime Video had at least 10%  —  Sensor Tower's “Q1 2022: Store Intelligence Data Digest” report saw HBO Max as a top contender for the most downloaded apps …
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 More News: 
Apple's Q2 Services revenue grew 17% to $19.8B and it had 825M paying subscribers globally across all services, up from 785M in Q1
Aisha Malik / TechCrunch:
Snap partners with Live Nation to launch AR experiences built into concerts and festivals, starting with the Electric Daisy Carnival in Las Vegas in May
Discussion: Variety
 Earlier Picks: 
Manish Singh / TechCrunch:
Amazon launches a movie rental service in India, available to Prime and non-Prime members, and unveils a slate of 41 original shows in Hindi, Tamil and Telugu
Discussion: Variety and Hollywood Reporter
Georg Szalai / The Hollywood Reporter:
NBCU reports Q1 revenue of $10.3B, up 46.6% YoY, as EBITDA reached $1.6B; Peacock had $472M revenue, a $456M loss, added 4M paid subscribers for 13M total
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%+

From Techmeme:

Terraform Labs and co-founder Do Kwon agree to pay $4.47B to resolve a US SEC lawsuit, after a jury in April found them liable for fraud following a civil trial

Sean Michael Kerner / VentureBeat:
Stability AI releases Stable Diffusion 3 Medium, intended to be a smaller yet capable model on consumer GPUs, with 2B parameters, compared to SD3 Large's 8B

Mariella Moon / Engadget:
X says Likes are now private for everyone, meaning users are no longer able to see who liked someone else's post

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