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.
RELATED:
David Pierce / The Verge:
The New York Times credits Wordle for a huge jump in new subscribers, saying the game “brought an unprecedented tens of millions of new users to The Times” — It's a gateway to crossword nuts and spelling bee champs. — Buying the hit puzzle game Wordle was apparently a good bit of business for The New York Times.
Discussion:
Twitter, Substack, @inputmag, Press Gazette, Engadget, TechCrunch and Bloomberg
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
Michael Morisy / Muckrock News:
MuckRock plans to expand DocumentCloud to support document storage on Filecoin's network, with help from the Filecoin Foundation for the Decentralized Web — Upcoming award program will give $400,000 and technical support to key analysis, archiving and publishing projects
Discussion:
Politico, @muckrock, HuffPost, Sports Illustrated, @trevortimm and CoinDesk
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.”
Discussion:
The Information, Variety, TechCrunch, @mr312, The Verge, Engadget, @lauramandaro, @thebenbergman, @lizperle, The Wrap, @protocol, @caseynewton, @lucasmtny, @yrechtman, @chrismessina and Bloomberg, more at Techmeme »
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 …
Discussion:
@scotusblog, New York Times, Insider, Digiday, Washington Post, Mediaite, The Boston Globe, Poynter, CNN, Deseret News, @clairecm, The Atlantic, @dankennedy_nu, Slack Tide, @phillyinquirer, Tales From the Homestead, @jonkarl, @mepfuller, @currentrevolt, @ppvsrb, @zachmontellaro, @politicomag, @billgifford, @ivanoransky and @davidfolkenflik
RELATED:
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 Roberts confirms the authenticity of the leaked draft Politico published and orders an investigation into the source of the leak
Discussion:
@johnkruzel, New York Times, New York Times, Politico, VICE, @jodikantor, Wired, Deseret News, @crewcrew, @vice, @jaywillis, American Press Institute, The Racket News, @roncoleman, Washington Post, @wiredscience, The 74, @froomkin, @curtisut, @freedomofpress, @benmullin, @davidgura, ABC News, @karaswisher, @elaheizadi, @pbump, @arawnsley, @pwnallthethings, @erikwemple, @markberman, @soledadobrien, Mediaite, Breitbart, The Week, Associated Press, Insider, New Jersey Online, Bloomberg, Wall Street Journal, Axios and NPR
Sarah Perez / TechCrunch:
At the Digital Content NewFronts, Twitter aimed to reassure anxious advertisers by highlighting partnerships for brand-safe, premium content, especially video — Twitter returned to the Digital Content NewFronts this evening to pitch its upcoming premium video content slate to advertisers, as it had in previous years.
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.
Discussion:
@natesilver538, New York Times, @jadabird, @jadabird, @drericding, @emilylgoodin, @drkristenkc, @ericliptonnyt, @jreinermd, @cnnpolitics, Associated Press, @sherylnyt, @drchristinemann, @byronyork, @highwiretalk, @sunlorrie, @oliverdarcy, @juliaioffe, @tmprowell, @wilkowmajority, STAT, @wajahatali, @jadabird, @juliaioffe, @drericding, @danaparish, @stevenportnoy, @medriva, @w7voa, @cfidd, @robbinsimmons7, @jeremymbarr, @drericding, @farhip, @jreinermd, @projectn95, Fox News, Reason, Boing Boing, Deadline, New York Post, Fox News, Mediaite, Page Six and Politico
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.
Discussion:
Next TV, Awful Announcing, @arrowheadlive, @zacharylownba, @amie_just, @eddie_rado, @kmartel_sports, @codybtapp, @hellorbywater, @msinger, @cassidy_rob, @jctrain21, @lukesummers7, @cclark_13, @richlightshed, @brewersraptor, @c2_cooper, @ericfishersbg, @nick_underhill, @travis_sawchik, MediaPost, Front Office Sports and Barrett Media
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
Jody Godoy / Reuters:
An investment trust files a lawsuit against Netflix, accusing the company of misleading investors about its ability to keep adding subscribers in recent months — Netflix Inc (NFLX.O) has been hit with a shareholder lawsuit in a U.S. court in California accusing the streaming entertainment company …
Discussion:
ScreenRant, Variety, Channel News, Gizmodo, IndieWire, Breitbart, UPROXX and Hollywood Reporter
Caitlin Huston / The Hollywood Reporter:
Cumulus Media rejects an offer to acquire the company for $15 to $17 a share; a consortium led by Connoisseur Media CEO 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.
Discussion:
Inside Radio and Billboard