Top News:
Erin Woo / The Information:
Source: Twitter engineering manager Siddharth Rao told employees that daily revenue was 40% lower YoY and 500+ of the company's top advertisers paused spending — A senior Twitter manager told employees that the company's daily revenue on Tuesday was 40% lower than the same day a year ago …
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Erin Woo / The Information:
Source: Twitter's Q4 2022 revenue fell ~35% YoY to $1.025B, 72% of its Q4 goal; the company hopes to generate $732M in Q1 2023, which would be down 39% YoY — Twitter's fourth quarter revenue fell about 35% year over year to $1.025 billion, a top ad executive revealed at a staff meeting Wednesday …
Discussion:
@ianvisits, @charlesarthur, Engadget, @awprokop, New York Post, @amir, @yoda, @lauramandaro, @mvpeers and @erinkwoo
New York Times:
Semafor plans to buy out Sam Bankman-Fried's roughly $10M stake, putting the money in a separate account; the investment was Semafor's largest in a ~$25M round — Semafor is one of several media companies that received money from Mr. Bankman-Fried or his affiliates before his cryptocurrency …
Discussion:
Insider, Financial Times, Observer, New York Post, The Information, @historyned, @eduardosuarez, @pressgazette, @dicktofel, @benmullin and @jeffjohnroberts
New York Times:
Sources: the GOP is in talks with CNN, ABC, CBS, NBC and Fox, along with niche networks like Newsmax and NewsNation, about hosting presidential primary debates — Conversations between R.N.C. officials and television executives signal that the contours of the Republican nominating contest are shaping up.
Discussion:
Fox News and @jimrutenberg
The Hollywood Reporter:
A look at Disney's board power struggle and how investor Nelson Peltz lobbied for a seat since July 2022 with help from former Marvel executive Ike Perlmutter — As activist shareholder Nelson Peltz presses a long-shot fight for a seat on Disney's corporate board, with help …
Discussion:
Axios, @kimmasters, @alexweprin, Variety, Investis Digital, @scottgustin, @farhip, Quartz, @loudmouthjulia, @farhip, @kimmasters, @alexweprin, CNBC, The Daily Beast, Los Angeles Times, Bloomberg, New York Times, MediaPost, Axios and Deadline
Lian Buan / Rappler:
A Philippine tax court acquits Maria Ressa and Rappler of four tax evasion charges filed in 2018, leaving three active court cases against Ressa and Rappler — This is breaking news. Please refresh for more details. — MANILA, Philippines - The Philippines' Court of Tax Appeals (CTA) …
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@maracepeda, @caoilfhionnanna, @_lorenzpasion, Rappler, New York Times, Committee to Protect …, Washington Post, @ranaayyub, @indayevarona, @sulliview, @rapplerdotcom, MDIF, @jason_kint, @ambmellbin, @fereshtaabbasi, Semafor, @julieposetti, @lpolgreen, @pearsonelaine, @rosental, @rapplerdotcom, @thedawnchang, Agence France-Presse, @jerstrucked, @jodieginsberg, @cdeloire, UPI, @marietjeschaake, The Guardian, @condehrw, @rapplerdotcom, @momblogger, @rapplerdotcom, @brooklynmarie, Voice of America, @moveph, @momblogger, Bloomberg, The Indian Express, Reuters and Al Jazeera
Sarah Perez / TechCrunch:
TikTok expands its “state-controlled media” label to over 40 markets globally, including the US and China, after a pilot in Russia, Ukraine, and Belarus in 2022 — TikTok today announced it's expanding its “state-controlled media” label to over 40 more global markets …
Chavi Mehta / Reuters:
Spotify, Deezer, Proton, and others write to Margrethe Vestager, demanding the European Commission take action against Apple's “unfair practices”, like IAP fees — Music streaming service Spotify Technology (SPOT.N), along with other media firms such as Deezer …
Discussion:
Thurrott, MarketWatch, Spotify, @spotifynews, The Platform Law Blog, @chrismessina, The Verge, 9to5Mac and Spotify, more at Techmeme »
Rachel Russell / BBC:
The BBC apologizes after noises from a porn clip were audible during pre-match soccer commentary; a mobile phone playing the noises was found taped to the set — Match of the Day presenter Gary Lineker has laughed off the moment sex noises transmitted by a YouTube prankster disrupted the show's live coverage.
Discussion:
@garylineker, @_grimanditweets, The Sun, The Wrap, New York Post, Daily Mail, The Verge, Newser, NME, @caitlinlfcx, Daily Mail, Bloomberg, @o2, mirror, Sky News, @chris_stark, The Indian Express, The Guardian, Mediaite, TMZ.com, Deadline and Awful Announcing
Aisha Majid / Press Gazette:
Edelman 2022 survey: 37% of people in the UK said they trusted the media, up from 35% in 2021, compared to 43% in the US, up from 39% YoY — Data shows trust in the media increased in the US and the UK but there is little faith in the industry. — The UK and the US were just two of six countries …
Discussion:
@briancathcart, @gem_ste, @drevanharris, @pippybing, @michellemanafy and @mattnavarra
Arjun Neil Alim / Financial Times:
Condé Nast plans to leave Vogue House, its historic, seven-story office in London's Mayfair, in 2024, as part of an effort to streamline editorial operations — Magazine group has been based at Hanover Square for more than six decades — Condé Nast, the publisher of Vogue …
Discussion:
The Guardian, WWD, @arjunneilalim, The Independent, @oliviasolon and @edcumming
Digiday:
Similarweb: Twitter referral traffic to major publishers declined by 12% on average between November and December 2022; traffic to the NY Post and Fox increased — Under the leadership of Elon Musk, Twitter's role as a traffic referral source to publishers' sites is largely declining.
Discussion:
@mattnavarra, @martyswant and @anthony
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