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10:15 AM ET, May 4, 2022

Mediagazer

 Top News: 
Katie Robertson / New York Times:
NYT Q1: added 387,000 net digital subscribers, for a total of 9.1M subs; revenue grew 13.6% to $537.4M, profit decreased to $60.9M due to The Athletic's losses  —  The purchase of The Athletic helped the company get closer to its new subscriber goal, but the sports site lost $6.8 million over two months, eating into overall profits.
Kevin Breuninger / CNBC:
Supreme Court Chief Justice Roberts confirms the authenticity of the leaked draft Politico published and orders an investigation into the source of the leak  —  - Supreme Court Chief Justice John Roberts confirmed the authenticity of a leaked draft opinion from the court …
RELATED:
Tom Jones / Poynter:
Publishing a draft SCOTUS opinion on Roe v. Wade is unprecedented in the court's modern history; Politico's EIC: it is “plainly news of great public interest”  —  A draft Supreme Court opinion has never been disclosed publicly.  Media observers were quick to question whether Politico should have run with it.
Jack Shafer / Politico:
Politico's scoop based on a leaked Supreme Court draft opinion serves the US public by showing the court's decision-making process and its plans for Roe v. Wade  —  Last night at 8:32 p.m., POLITICO reporters Josh Gerstein and Alexander Ward punctured the court's reputation as a leak-proof vessel …
Reporters Without Borders:
Reporters Without Borders publishes the 2022 edition of the World Press Freedom Index; the press freedom situation is “very bad” in a record 28 countries  —  Organisation:  — RSF_en  —  The 20th World Press Freedom Index published by Reporters Without Borders (RSF) …
Oliver Darcy / CNN:
Journalists from multiple news outlets, including CNN, ABC News, NBC News, CBS News, and Politico, test positive for COVID-19 after the WHCD weekend  —  New York (CNN Business)A version of this article first appeared in the “Reliable Sources” newsletter.  You can sign up for free right here.
Andrew Kersley / Press Gazette:
A 30-strong team backed by ITV and comprised of ex-Ladbible, Vice, and Channel 4 staff launches culture and lifestyle brand Woo to harness the “power of memes”  —  The news industry has failed to appreciate the “power of memes”, according to a new ITV-backed wellness media brand …
Discussion: Press Centre
Brian Steinberg / Variety:
Paramount reports Q1 revenue down 1% YoY to $7.3B, net earnings down 52% to $433M, streaming revenue up 82% to $1.1B, and theatrical revenue down 27% to $624M  —  Paramount Global said first-quarter profit fell as the company's investments in content and declines in its traditional business offset gains it made in streaming.
RELATED:
Wall Street Journal:
Sources: Roku and private equity firm Apollo Global Management teamed up to bid for a stake as large as 20% in Lionsgate's pay TV and streaming service Starz  —  Lions Gate Entertainment said in November it would explore a sale or spin-off of Starz, the network behind ‘Outlander’ and ‘Power’
Axios:
Lee Enterprises quietly laid off ~61 employees across 10 newsrooms since its March 10 shareholders meeting; source: 400+ roles are expected to be cut in 2022  —  Lee Enterprises has been quietly laying off dozens of employees across its local papers and at the corporate level as it continues …
Caitlin Huston / The Hollywood Reporter:
Cumulus Media rejects an offer to acquire the company for $15 to $17 a share, or around $1.2B; a consortium led by Jeff Warshaw reportedly made the offer  —  Connoisseur Media CEO Jeff Warshaw was reported to have put in the offer for $15 to $17 a share.  —  Cumulus Media has rejected …
Discussion: insideradio.com
Megan Graham / Wall Street Journal:
Publicis will acquire Profitero, which provides e-commerce software and analytics to over 4,000 brands, sources say for about $200M  —  Advertising holding companies are increasingly helping marketers reach and sell consumers directly online  —  French advertising holding company Publicis Groupe SA …
 
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 More News: 
Cullen Browder / WRAL-TV:
The ACEJMC, which evaluates journalism programs, downgrades the accreditation of UNC's journalism school, after controversy over a Nikole Hannah-Jones job offer
 Earlier Picks: 
Sarah Perez / TechCrunch:
Spotify debuts Spotify Island on Roblox, the first music streaming brand on the service; artists and fans can go on quests, unlock content, and buy merchandise
Sara Fischer / Axios:
ConsenSys Mesh spins out Decrypt, an outlet covering crypto and Web3, which raised a $10M Series A at a $50M post-money valuation, letting the outlet hire staff