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5:15 PM ET, June 22, 2022

Mediagazer

 Top News: 
New York Times:
Justin and Ben Smith's Semafor raised $25M from Jessica Lessin, crypto billionaire Sam Bankman-Fried, and others, and plans to employ ~30 by its fall launch  —  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 stakes 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 to see digital newspaper ad revenue surpass 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 revenue eclipse …
Charlotte Tobitt / Press Gazette:
The Economist's revenue grew 12% YoY in FY 2022 to £346.3M, with operating profit up 11% to £46.4M, its best since 2016, and it had 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.
Joshua Benton / Nieman Lab:
The Washington Post is offering a promotional digital news subscription for $50/year, locked in for the next 50 years; a normal subscription costs $100/year  —  Anyone who tells you they know what digital news will look like in 50 years is lying.  But the Post — with an owner rich enough …
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  —  Former administration and campaign officials tell Rolling Stone they had no idea a film crew had months of access to the former president and his family
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%  —  Subscription streaming video is cooling down from torrid growth rates seen in 2020 and '21 — fueled by pandemic lockdowns …
Discussion: Axios
 
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 More News: 
Max Brantley / ArkansasTimes:
An appeals court ruled against The Arkansas Times, which challenged a state law requiring contractors to sign a pledge favoring Israel; ACLU says it will appeal
Charlotte Tobitt / Press Gazette:
The UK unveils a Bill of Rights to replace the Human Rights Act, including making 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
Discussion: Deadline and Billboard
 Earlier Picks: 
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
Todd Spangler / Variety:
The CEO and COO of Pornhub's parent company MindGeek resign, after an investigative report on the site's years of hosting nonconsensual sexually explicit videos
Bloomberg:
A judge rules that a Dominion lawsuit against Fox News parent Fox Corp. can go on, as executives Rupert and Lachlan Murdoch may have acted with “actual malice”
 

 
From Techmeme:

Nick Robins-Early / The Guardian:
Insurer Parametrix estimates that the global outage sparked by CrowdStrike's faulty update will cost US Fortune 500 companies, excluding Microsoft, $5.4B

Zac Bowden / Windows Central:
Microsoft unveils Bing generative search, which shows AI-generated answers with the sources used to create them, currently available to a small subset of users

Josh Eidelson / Bloomberg:
Around 500 World of Warcraft workers vote to unionize with the CWA, bringing the number of unionized US gaming employees at Microsoft to around 1,750

 
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