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.
Discussion:
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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 …
Discussion:
Washington Post, Vanity Fair, @benmullin, Variety, Mirror, @jyarow, @pcd2009, @nkulw, @juddapatow, @clydehaberman, @ayocaesar, @yashar, @gulf_news, @kimmasters, @rumaan, @revrrlewis, @fakedansavage, @newsynick, @ecareyo, @davidfolkenflik, @lbyock, @sarahkendzior, @jamesoliphant, Los Angeles Times, @jamesdoleman, Newser, @evanhandler, @richsignorelli, @jolyonrubs, @ronnisalt, Reuters, The Wrap, TMZ.com, The Guardian, The Daily Beast, E! Online and Insider
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 …
Discussion:
@twitterwrite, Insider, Variety, Twitter Help Center, @tomandlorenzo, @landfali, @venkatananth, @taylorlorenz, @shivaroor, @jspector, @vijayshekhar, @tomwarren, @adamjmoussa, @davidellis, @sonnybunch, @grantrindner, @eckhartsladder, @kirawontmiss, @mobute, @ashleyksmalls, @jerrydunleavy, @alissacaliente, @mohanadelshieky, Creator Economy Tips, @thefirstokiro, @chrislaawrence, Mumbrella, @lucas_jackson_, @unpopularwolfad, @mgsiegler, Нов …, @oliverdarcy, @themojomissy, @dlberes, @robpilk, @stammy, @pressgazette, TechCrunch, Mashable India, Adweek, Gizmodo, Newslit Daily, RECHEIO and The Verge
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 …
Discussion:
CNBC, @asharma, Digital TV Europe, @digitalshields, @matt_cochrane7, Adweek, Tubefilter and The Streamable, more at Techmeme »
Jim Waterson / The Guardian:
News UK's talkTV ratings remain far behind rivals, with Piers Morgan's show getting 64K viewers on Monday; Murdoch has become involved in reviving the channel — Effort to revive fortunes of Piers Morgan-fronted rightwing channel include appointing new boss and expected relaunch
Discussion:
@generalboles, @stopfundinghate, @stopfundinghate, @aljwhite, @otto_english, @jimwaterson and @stopfundinghate
RELATED:
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.
Discussion:
What's New in Publishing and Simon Owens's Media Newsletter
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
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 …
Discussion:
@kenherts, @andrey4mir, @tatecurtis, @patricialclark, @jbenton, @blowryontv and #5SmartReads
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 …
Discussion:
@rmc031, @pkafka, @pkafka, @mattgertz, @joshuaogundu and @ryanlcooper
Variety:
Sources: Netflix launched a charm offensive, stressing to top creators and agents that the company will keep spending aggressively to make and market content — Netflix has a message for Hollywood: We're not broke. — In the wake of a massive stock slide triggered by a subscriber dip during …
Discussion:
@dustyevely, The Streamable, @brentalang and @cinemavsdave
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 …
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