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12:00 PM ET, June 24, 2022

Mediagazer

 Top News: 
Variety:
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.
RELATED:
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
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.
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 …
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
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.
Deadline:
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.
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  —  Streaming outlet Fox Nation is already running the commercials its larger rivals say they want to sell.
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.
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  —  High court judge grants permission on one ground after ruling last week in Observer and Guardian journalist's favour
 
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 Featured Newsletter: 
Toolkits:
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.
 
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 More News: 
Politico:
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
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
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