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10:05 PM ET, June 22, 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 …
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 …
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.
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  —  The 8th U.S. Circuit Court of Appeals today ruled that the state law limiting state business with those who refuse to sign …
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  —  The UK Government wants to make it harder for courts to order journalists to disclose their sources in its proposed Bill of Rights.
 
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 More News: 
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
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