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1:45 PM ET, June 24, 2022


 Top News: 
Netflix lays off roughly 300 people out of its ~11,000 global employees, with the bulk of the jobs lost in the US, after initial job cuts of 150+ in May 2022  —  Layoffs have hit Netflix again, with the streamer letting go of roughly 300 staffers on Thursday, Variety has learned exclusively.
Patience Haggin / Wall Street Journal:
Ted Sarandos confirms Netflix is talking with potential partners to help launch an ad-supported tier and says the company might build its own ad business later
Washington Post:
A look at the techniques used in the live broadcasts presenting the House January 6 committee's evidence, produced by former ABC News president James Goldston  —  The panel probing the Capitol attack is trying to turn its investigative grind into must-see television
Zheping Huang / Bloomberg:
How TikTok is cashing in on its exploding popularity; Source: TikTok plans to grow its e-commerce gross merchandise volume to $2B this year and $23B in 2023  —  Alyssa McKay used to work part-time at a frozen yogurt store in Portland, Oregon, making minimum wage to cover her college tuition.
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
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.
Davey Alba / Bloomberg:
Source: in February, Meta started an official internal process to shut down CrowdTangle, but paused the plan as the EU's Digital Services Act gained traction  —  On May 17, as several states held their primary elections, Jesse Littlewood searched the internet using a tool called CrowdTangle …
Filipe Espósito / 9to5Mac:
Apple quietly raised the prices for the Apple Music student plan, from $4.99 to $5.99 per month in the US and Canada and from £4.99 to £5.99 per month in the UK  —  Apple last month quietly raised the price of the Apple Music student plan in several countries such as South Africa …
Warner Bros. Discovery acquired the Unprecedented three-part docuseries subpoenaed by the January 6 Committee, set to air on Discovery+ later in summer 2022  —  EXCLUSIVE: Rep. Bennie Thompson (D-MS), the chairman of the January 6th Committee, said on Wednesday that the hearing schedule will continue into July.
Marcela Valdes / New York Times:
US book publishing has had waves of fostering Black audiences, followed by retreats; many cheer a new wave of diverse hires and books but don't trust it'll last  —  For generations, America's major publishers focused almost entirely on white readers.  Now a new cadre of executives like Lisa Lucas is trying to open up the industry.
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 Featured Newsletter: 
75% of large subscription publishers offer discounted trials  —  The majority of large publishers with digital subscription products are currently offering discounted trials to help drive new subscriber acquisition, according to Toolkits research.
 Who's Hiring in Media? 
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 More News: 
Brian Steinberg / Variety:
Fox Nation has started running commercials; EVP says they are “very rare,” for “major partnerships,” and are billboards placed at the bottom of the screen
Haroon Siddique / The Guardian:
UK high court grants Brexit backer Arron Banks permission to appeal the judge's decision against him in his libel case against journalist Carole Cadwalladr
Books by Kellyanne Conway, Bill Barr, and other Trump administration aides are underperforming as they don't have news nuggets and don't appeal to MAGA circles
 Earlier Picks: 
Jim Waterson / The Guardian:
News UK's talkTV ratings are far behind rivals and the flagship Piers Morgan show got 64K viewers on Monday; Murdoch has become involved in reviving the channel
Naman Ramachandran / Variety:
Barb: 19.57M UK households, or 68.5%, had a streaming service subscription in Q1 2022, up almost 500K from Q4 2021; 6.53M had Disney+ and 1.57M had Apple TV+
Discussion: AppleInsider