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Sources: Substack dropped efforts to raise money, after talks to raise $75M-$100M at a $750M-$1B valuation, during which the company said 2021 revenue was ~$9M — Amid an industrywide downturn, venture investors are preaching austerity and halting new deals, particularly for companies that have spent aggressively on growth.
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@riddle245, @film_girl, @mattzeitlin, @tanayj, @pt, @kateclarktweets, @longshorttrader, @gaberivera, @tysonbrody, @ungarino, @chaykak, TechCrunch, @caleweissman, @caseynewton, @fmanjoo, @carnage4life, @barbariancap, @mattzeitlin, @joy, @pkafka, @jackmarshall and Platformer, more at Techmeme »

Some US journalists question whether showing more graphic footage would force the public and political leaders to fully confront America's gun violence epidemic — As journalists descend on Uvalde—as they did on Columbine, Newtown, and Parkland—some are questioning whether a more graphic approach …
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Poynter, @brianstelter, CNN, Slate, Philadelphia Magazine, Columbia Journalism Review, @clairehoworth, @arreglalo, @bgrueskin, @metaquest, @jlbarrow, @mlcalderone, @charlottetklein, @scottnover, @mlcalderone, @revkin, @mlcalderone, @filmfatale_nyc, @geoffpilkington, @filmfatale_nyc, @yoda, @mlcalderone, @karavoght and @aftie_j

The BBC details its budget cuts: laying off up to 1,000 people over the next few years, merging World into News, making CBBC and BBC 4 online-only, and more — The plan focuses on creating a modern, digital-led and streamlined organisation that drives the most value from the licence fee and delivers more for audiences
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Press Gazette, @scottygb, @jimwaterson, The i Paper, BBC, Digital TV Europe, The Guardian, @peterrneumann, @totpfacts, @emmakennedy, @janequaife, @rickyboleto, @robburl, @rasmus_kleis, @helenkennedy, @psythor, @wbuxtonofficial, @cbbc, @icklenellierose, @sarahscire, @tldrnewsuk, @caffeinatedeyes, @jeffjarvis, @robinwigg, @willblackwriter, @lucympowell, @krishgm, @lucympowell, @sewell7, @bbcpress, @lucympowell, @ashkan, @thewritersguild, Variety, Advanced Television, HoldtheFrontPage and Deadline

The UK launches a review of the BBC's impartiality and effort to build a diverse workforce, adding a goal of 25% staff to be from low socioeconomic backgrounds — C — ulture Secretary Nadine Dorries has launched a mid-term charter review of the BBC which will “consider if reforms …
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Reuters

The Online News Association's “3M Truth in Science Award” raises an ethical dilemma since 3M, the sponsor, has a history of lying about its scientific findings — Does the ONA's “3M Truth in Science Award” imply that journalists and chemical companies are interested in telling the same story?
Discussion:
@niemanfdn, @mmoyr, @monicaamarelo, @teresarcarr, @sesmith, @undarkmag, @undarkmag and American Press Institute

Lionsgate reports Q4 revenue up 6% YoY to $929.9M, vs. $961M est., a net loss up 177% YoY to $104.6M, and Starz global streaming subscribers up 47% YoY to 24.5M — Lionsgate came in below Wall Street expectations for the first three months of the year, but its TV production division again …
Discussion:
The Wrap, The Streamable, Investors and @kellygilblom

A look at Ukraine's wartime United News, in which the country's main TV channels broadcast the same content; some call the unified news coverage propagandistic — State-backed broadcast has strategic and practical justifications but some see it as dangerous monopoly

Outside, publisher of Outside and other magazines about the outdoors, is laying off 66 of its roughly 580 full-time staff as it shuts down three publications — The news comes just months after Outside magazine editorial staff decided to pause their union drive.

How a 2019 joint investigation by the San Antonio Express-News and the Houston Chronicle led to the disclosure of sex abuse by Southern Baptist church leaders — A 2019 investigation by the Houston Chronicle and San Antonio Express-News prompted this week's massive disclosure about church leaders implicated in sex abuse cases.
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New York Times, @digiphile, al.com, @pierremercer, @dangillmor, @rlocker12, @jenny_deam, @vlbenning, @thigpentiffany, @robdownenchron, The Week and UPI

The Amber Heard-Johnny Depp trial has created a new cottage industry of attorney social media stars, highlighting how media consumption of big cases has shifted — Emily D. Baker is exasperated. In the penultimate week of Amber Heard and Johnny Depp's defamation trial …
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@anoushasakoui, @anoushasakoui, @theemilydbaker, @ashleyspllife, @anoushasakoui, @taylorlorenz, @anoushasakoui and @latimes

Russia's foreign ministry says it told YouTube that every time the company blocks a weekly briefing, the country will expel an American journalist or outlet — Russia's foreign ministry said on Thursday that reporters from Western countries will be expelled from Russia if YouTube (GOOGL.O) blocks access to its spokeswoman's briefings.

The New York Times presenting its Haiti package as a “first” shows that the media should expand the definition of a news peg from new facts to current problems — “Haiti's Lost Billions.” “The Root of Haiti's Misery: Reparations to Enslavers.” “How a French Bank Captured Haiti.”
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@jon_allsop, @jon_allsop, @jon_allsop, @jane_gerster, @jayrosen_nyu, @spj_tweets, @cjr, Slate and New Republic