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2:40 PM ET, June 23, 2022

Mediagazer

 Top News: 
Alex Sherman / CNBC:
Semafor will be ad-supported for “six, 12, maybe 18 months” before adding a paywall and will hire talent agents to pair journalists with products and events  —  - Media executives are hopeful they've learned lessons and streamlined their businesses to weather a potential recession.
Discussion: @taylorlorenz
RELATED:
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.
Variety:
Netflix lays off roughly 300 people of its 11,000 global staffers, with the bulk of the jobs lost in the US, following initial job cuts of 150 in May  —  Layoffs have hit Netflix again, with the streamer letting go of roughly 300 staffers on Thursday, Variety has learned exclusively.
RELATED:
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 …
Deadline:
The documentary subpoenaed by the January 6 Committee has been acquired by Warner Bros. Discovery and will air on Discovery+ this summer  —  UPDATE: Discovery+ released a trailer for the documentary Unprecedented, featuring footage of Donald Trump and his family, as its filmmaker Alex Holder …
RELATED:
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
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 …
Lucas Shaw / Bloomberg:
Sources: Pink Floyd is seeking $500M+ for their music catalog and merchandise rights, with Warner Music Group, Sony Music Entertainment, and BMG among bidders  —  Members of the rock band Pink Floyd are seeking at least $500 million in a deal for their music catalog, according to people familiar …
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
Megan Graham / Wall Street Journal:
A look at efforts to reduce digital advertising's carbon footprint, which, according to a 2018 study, accounted for roughly 10% of the internet's energy usage  —  Digital ads require a lot of computing power, but the exact amount of electricity they consume is hard to pin down
Discussion: @nalanpog, @openx, @ad_association and @raju
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
Mia Sato / The Verge:
Snapchat announces a one-year accelerator program for 25 Black Snapchat creators, offering a $10K/month stipend, a Google Pixel 7 Pro, and more  —  Participants will receive $10,000 a month in funding  —  Twenty-five Black Snapchat creators will receive funding, mentorship …
Discussion: Adweek, TechCrunch and @blackamazon
 
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 More News: 
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
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
 Earlier Picks: 
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
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
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