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6:50 AM ET, June 23, 2022

Mediagazer

 Top News: 
New York Times:
Justin Smith and Ben Smith's Semafor raised $25M from Jessica Lessin, crypto billionaire Sam Bankman-Fried, and others; debut is planned for fall with ~30 staff  —  The news start-up Semafor has raised $25 million from wealthy individuals, with a goal of cultivating direct relationships between its journalists and its audience.
New York Times:
Sources: Rupert Murdoch and Jerry Hall are divorcing; the split, his fourth, is unlikely to alter the structure of his businesses, with family shares in a trust  —  The media mogul's fourth divorce is unlikely to change the ownership structure of Mr. Murdoch's empire, but it could reverberate …
Sarah Perez / TechCrunch:
Twitter tests Twitter Notes with select users, for creating long-form content with rich text formatting and uploaded media that can be tweeted upon publishing  —  In what could be one of Twitter's more significant changes since doubling the character count from 140 to 280 characters …
Charlotte Tobitt / Press Gazette:
Google revamps News, elevating local news and fact checks; News returns to Spain after 7.5 years citing the country adopting EU copyright rules in November 2021  —  Google News is relaunching in Spain almost eight years after it shut down to avoid paying publishers when the country introduced …
Charlotte Tobitt / Press Gazette:
The Economist reports revenue grew 12% YoY in FY 2022 to £346.3M, operating profit up 11% to £46.4M, its best since £47m in 2016, and 1,185,000 subscribers  —  The Economist had its most successful year financially since 2016 last year with profit up and record revenue, thanks to increased subscriptions.
Wall Street Journal:
Sources: Comcast and Google have emerged as the top contenders to help Netflix develop an ad-supported tier, and Netflix has discussed ad partnerships with Roku  —  Deals with the streaming company could include exclusive agreements and revenue-sharing  —  Comcast Corp.'s NBCUniversal …
Sara Fischer / Axios:
PwC: in 2026, the US is expected to become the first major media market in the world to see digital newspaper ad revenue eclipse print newspaper ad revenue  —  The U.S. is expected to make history in 2026 when it becomes the first major media market in the world to see digital newspaper ad …
Naman Ramachandran / Variety:
Barb: UK households with a streaming service subscription reached 19.57M in Q1 2022, up ~500,000 from Q4 2021; Apple TV+ grew 27% QoQ and Disney+ grew 19% QoQ  —  STREAMING … BARB's establishment survey for the first quarter of the year reports that the number of U.K. households with access …
Discussion: AppleInsider
Peter Kafka / Vox:
Traditional media companies, especially TV, as well as streamers, face a serious threat from TikTok, and seem to be doing little so far to counter or respond  —  Facebook knows it has a TikTok problem.  TV and streamers do, too.  —  The people who bring you video entertainment …
 
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 More News: 
Max Brantley / ArkansasTimes:
An appeals court rules against The Arkansas Times, which challenged a state law requiring contractors to pledge not to boycott Israel; the ACLU plans to appeal
Charlotte Tobitt / Press Gazette:
The UK unveils a Bill of Rights, which would replace the Human Rights Act and make it harder for courts to order journalists to disclose their sources
Etan Vlessing / The Hollywood Reporter:
SEC filing: Warner Music Group CEO Stephen Cooper will leave the company in 2023 after a replacement is appointed; WMG “has begun planning for the succession”
Joshua Benton / Nieman Lab:
The Washington Post is offering a promotional digital news subscription for $50 per year, locked in for 50 years; a subscription currently costs $100 per year
 Earlier Picks: 
Todd Spangler / Variety:
PwC: subscription streaming video services in the US are projected to generate $25.32B in 2022 revenue, up 13% YoY but down from 2021's annual growth of 19.5%
Discussion: Axios
Ben Thompson / Stratechery:
An analysis of how Apple's ATT approach is blatantly anti-competitive and harms targeted advertising that is an essential ingredient to the new internet economy
Wikimedia Foundation:
Wikimedia Enterprise, a paid service for reusing and sourcing Wikimedia content in high volume, announces Google and the Internet Archive as its first clients
Rolling Stone:
Filmmaker Alex Holder, who followed the Trump family for a documentary over the last six weeks of his 2020 campaign, gave the footage to the January 6 committee