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8:55 PM ET, May 10, 2022


 Top News: 
New York Times:
Sources: Netflix executives told employees that the company plans to launch its lower-priced ad-supported tier and crack down on password sharing in Q4 2022  —  Executives said they were aiming to introduce an ad-supported, lower-priced subscription tier in the last three months of the year, quicker than originally indicated.
Andrew Marchand / New York Post:
Tom Brady plans to join Fox Sports as its lead NFL analyst and ambassador once he retires; sources: Brady's contract is a record $375M over 10 years  —  Fox Sports' deal to make Tom Brady its lead NFL game analyst after he retires is for 10 years and $375 million, The Post has learned.
Jolie Lash / The Wrap:
Fox Corp reports Q3 revenue of $3.46B, up 7% YoY, net income of $283M, and ad revenue of $1.3B, up 9% YoY  —  Fox Corp. reported fiscal third-quarter results on Tuesday with revenue rising 7% to $3.46 billion, driven by advertising strength at its Fox News Channel and local television stations across the country.
Two Russian journalists for pro-government news site replaced about 20 articles with posts critical of Putin and Russia; the posts were quickly deleted  —  On the morning of May 9, anti-war articles filled the homepage of the Russian pro-government outlet
Jason Gurwin / The Streamable:
YouTube TV launches an add-on Spanish language plan for $15/month and a standalone Spanish language plan for $35/month; both have 20+ channels  —  YouTube TV has made it official with two new Spanish-language offerings.  —  As The Streamable reported last week, YouTube TV has now launched …
Discussion: Variety, TechCrunch and 9to5Google
Financial Times:
France-based TV production group Banijay, known for reality TV shows, and sports betting group Betclic will go public via a SPAC, creating FL Entertainment  —  Deal backed by Bernard Arnault and Tikehau will create new player in European entertainment  —  French entrepreneur Stéphane Courbit …
Discussion: Reuters and The Wrap
The Daily Beast:
Sources: staffers at The Business of Business, Thinknum's media arm, say they have not received April paychecks; co-founder Justin Zhen went on leave last week  —  The co-founder of media startup The Business of Business was one of WeWork's earliest antagonists.  Now he's the one facing questions.
Thania Garcia / Variety:
UMG's Kingship band, made up of four Bored Ape Yacht Club characters, will release 10,000 NFTs starting May 14 that grant access to their virtual world  —  In what is described as the latest evolution of interactive storytelling, Kingship, the NFT group signed to 10:22PM …
Discussion: Billboard
Andrew Kersley / Press Gazette:
The Guardian has launched 10 in-depth newsletters over the past year and says there are 1M+ unique subscribers across its portfolio of 50 newsletters  —  A week after the launch new flagship daily current affairs newsletter First Edition, Press Gazette spoke to The Guardian newsletter team about their strategy.
Discussion: @benwhitelaw
Dade Hayes / Deadline:
Roku adds both the ad-supported and ad-free versions of Discovery+ to the Roku Channel, which reached 80M households as of Q4 2021  —  Roku has integrated Discovery+, which it already offers as a stand-alone app in its regular store, into the offerings of the Roku Channel.
The Pulitzer Prizes:
List of 2022 Pulitzer Prize winners, including Jennifer Senior of The Atlantic for feature writing and the NYT for national and international reporting  —  Public Service The Washington Post For its compellingly told and vividly presented account of the assault on Washington on January 6 …
Elahe Izadi / Washington Post:
The Washington Post wins the 2022 Pulitzer Prize for public service for its coverage of the January 6, 2021 insurrection at the US Capitol and its aftermath
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 More News: 
Todd Spangler / Variety:
Alex Piper, YouTube's head of unscripted originals, is leaving to lead Night Studios, content arm of talent management company Night Inc., which manages MrBeast
Naman Ramachandran / Variety:
BBC Documentaries, Channel 4 Documentaries, and others join a campaign by We Are Doc Women to commit to 50% women directors across their output
Discussion: Deadline
 Earlier Picks: 
Nancy Tartaglione / Deadline:
Sony Pictures reports Q4 revenue rose 55% YoY to $9.5B as operating income rose 172% YoY to $1.67B, primarily due to Spider-Man: No Way Home
Anushree Dave / The Block:
Mark Zuckerberg says Meta will start letting some US creators test digital collectibles and NFTs on Instagram this week, and won't charge for sharing NFTs
Rafqa Touma / The Guardian:
The New York Times removes “fetus” from its Wordle answers to keep the game “distinct from the news”, and swapped Monday's answer for as many users as possible

From Techmeme:

Nick Robins-Early / The Guardian:
Insurer Parametrix estimates that the global outage sparked by CrowdStrike's faulty update will cost US Fortune 500 companies, excluding Microsoft, $5.4B

Zac Bowden / Windows Central:
Microsoft unveils Bing generative search, which shows AI-generated answers with the sources used to create them, currently available to a small subset of users

Josh Eidelson / Bloomberg:
Around 500 World of Warcraft workers vote to unionize with the CWA, bringing the number of unionized US gaming employees at Microsoft to around 1,750

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