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2:30 PM ET, January 18, 2023

Mediagazer

 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 …
RELATED:
Erin Woo / The Information:
Source: Twitter's Q4 2022 revenue fell ~35% YoY to $1.025B, 72% of its internal goal for Q4; it 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 …
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 …
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
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) …
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 …
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 …
Discussion: Adweek, MediaPost, TikTok and The Verge
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.
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 …
Manish Singh / TechCrunch:
India proposes making social media companies rely on the Press Bureau of India and its other agencies for fact checks, as part of amendments to its IT rules  —  The Indian government has proposed making the Press Bureau of India and its other agencies the arbiter of truth on what information …
Discussion: MediaNama
 
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 More News: 
Derrick Bryson Taylor / New York Times:
Harvard Medical School will no longer submit data to US News & World Report for its Best Medical Schools rankings, saying they create “perverse incentives”
Bron Maher / Press Gazette:
The New York Times appoints Adrienne Carter as its Europe editor, succeeding Jim Yardley, in the role since 2016; Carter has been the Asia editor since 2019
Stephen Harrison / Slate:
A look at Wikipedia editors debating the use of ChatGPT, which some see as a useful drafting tool while others worry about bad actors creating fictional content
Harvey Solomon-Brady / whynow:
London-based media company whynow plans to re-launch CNN's YouTube channel Great Big Story in early 2023, licensing the brand from CNN International Commercial
 Earlier Picks: 
Pranshu Verma / Washington Post:
An interview with Raqib Hameed Naik, a Kashmiri Muslim journalist hiding in the US, about his project HindutvaWatch.org that tracks human rights abuses in India
Bob Harig / Sports Illustrated:
Sources: Saudi Arabia-backed LIV Golf tour plans to sign a multiyear TV deal with The CW Network; a source says it is a revenue sharing deal with no rights fee
Nilay Patel / The Verge:
Using Taylor Swift's career as a case study to review the music industry's evolution from CDs to streaming, a model on the precipice of a failed marketplace
Discussion: Stat Significant