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10:10 PM ET, May 4, 2022


 Top News: 
Katie Robertson / New York Times:
NYT Q1: digital subscribers up by 387K to 9.1M, revenue up 13.6% to $537.4M, and adjusted operating profit down 11% YoY 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.
A.J. Perez / Front Office Sports:
The New York Times CEO Meredith Kopit Levien says in 2022, the company will insert ads to money-losing The Athletic and create NYT-Athletic subscription bundles  —  - The Athletic lost $6.8 million in the first two months since it was acquired by The New York Times.
Discussion: @byajperez
Janko Roettgers / Protocol:
Cameo lays off 87 employees; source: CTO Rob Post, marketing executive Emily Boschwitz, CPO Nundu Janakiram, and Chief People Officer Melanie Steinbach were cut  —  Cameo, the celebrity video greetings startup, laid off 87 of staffers Wednesday, a move that CEO Steven Galanis described as “right-sizing.”
Oliver Darcy / CNN:
Journalists from news outlets including CNN, ABC News, NBC News, CBS News, and Politico test positive for COVID-19 after the White House Correspondents Dinner  —  New York (CNN Business)A version of this article first appeared in the “Reliable Sources” newsletter.  You can sign up for free right here.
Matt Tamanini / The Streamable:
Sinclair says its upcoming sports streaming service will be called Bally Sports+, cost $189.99 per year or $19.99 per month, and have a soft launch in Q2 2022  —  On Wednesday, the Sinclair Broadcasting Group revealed its earnings report for the first quarter of 2022.
Andrew Kersley / Press Gazette:
A team of 30 backed by ITV and comprised of former 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
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 …
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
Caitlin Huston / The Hollywood Reporter:
Discussion: Inside Radio and Billboard
Sarah Perez / TechCrunch:
TikTok plans to launch Pulse, its first ad product with revenue sharing, in June 2022, offering US creators and publishers with 100K+ followers a 50/50 split  —  TikTok is introducing a new way to lure advertisers to its platform by giving them the ability to showcase their brands' content next to the best videos on TikTok.
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 More News: 
[Thread] The Washington City Paper produces its last regular print edition this week, as it transitions to a digital-first news outlet
 Earlier Picks: 
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
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