Top News:
Anna Nicolaou / Financial Times:
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos — Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022 — Reed Hastings is stepping …
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About Netflix, @reedhastings, New York Times, CNBC, CNET, Rappler, Adweek, Reuters, Fast Company, @gerberkawasaki, SlashFilm, The Information, CNN, Bloomberg, The Guardian, Forbes, The Streamable, Breitbart, Deadline, Engadget, Observer, The Hill, Vanity Fair, GeekWire, @carnage4life, Cord Cutters News, Media Play News, @tvgrimreaper, IndieWire, @pythianism, @mattbelloni, @samro, @wholemarsblog, The Wrap, Los Angeles Times, @film_girl, CBS News, TechCrunch, Wall Street Journal, Variety, New York Daily News, Insider, WORLD SCREEN, The Verge, Axios and Radio & Television …, more at Techmeme »
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Sarah Whitten / CNBC:
Netflix reports Q4 revenue up 1.9% YoY to $7.85B, $55M net income, down from $607M YoY, 231M paid memberships, adding 7.66M subscribers vs. 4.57M expected — - Netflix is scheduled to report fourth quarter earnings after the bell. — The streaming service's new ad-supported service will be in focus.
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Emma Roth / The Verge:
Netflix plans to roll out paid password sharing “more broadly” in Q1 2023 and expects some “cancel reaction” before an improvement in overall company revenue — The era of Netflix password sharing will soon come to a close. Netflix has plans to enforce password-sharing rules …
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Horowitz Research, Vox, Gizmodo, The A.V. Club, @sherman4949, The Hollywood Reporter, MacRumors, CNET, Media Play News and The Streamable, more at Techmeme »
Dade Hayes / Deadline:
Netflix's ad-supported tier is off to a “solid” start, says new co-CEO Greg Peters; CFO Spence Neumann expects it to bring in about 10% of revenue in the future — Netflix's landmark entry into ad-supported streaming, which began last November, is off to a “solid” …
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Variety, Insider, Bloomberg, Media Play News, The Hollywood Reporter and The Desk
The Verge:
Source: CNET owner Red Ventures has used AI tools like Wordsmith for at least a year and a half, amid layoffs and restructuring that have demoralized staff — Fake bylines. Content farming. Affiliate fees. What happens when private equity takes over a storied news site and milks it for clicks?
Justin Baragona / The Daily Beast:
Right-wing YouTuber Steven Crowder, who has 5.94M subscribers on the platform, feuds with Ben Shapiro's The Daily Wire, which offered him a $50M four-year deal — Right-wing blowhard Steven Crowder is accusing Ben Shapiro's media empire of being in bed with Big Tech—fighting words that have ignited a heated public dispute.
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@willsommer, @willsommer, @realkiradavis, @michaelduncan, @espiers, Breitbart, @maxkennerly, @dpearsonphl, @moiradonegan, @wajahatali, @willsommer, @bigmeaninternet, @yc, @bernybelvedere, @jbouie, @femme_thoughts, @lukeobrien, @_celia_bedelia_, @designmom, @donmoyn, @jasonscampbell, @harikunzru, Rolling Stone, @johnlray, @bmarchetich, @andreachalupa, @melissaryan, @rschooley and Mediaite
Meg James / Los Angeles Times:
New Mexico prosecutors charge Alec Baldwin and the armorer of the movie “Rust” with involuntary manslaughter for cinematographer Halyna Hutchins' on-set death — New Mexico prosecutors said they are filing felony criminal charges against actor Alec Baldwin and the armorer …
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Chris Stokel-Walker / Nature:
Journal editors, researchers, and publishers are debating the place of AI tools like ChatGPT in published literature and whether they should be cited as authors — Chris Stokel-Walker is a freelance journalist in Newcastle, UK. — You can also search for this author in — PubMed Google Scholar
Wall Street Journal:
Nexstar reaches a multiyear deal to broadcast the Saudi Arabia-funded LIV Golf tour on The CW Network; until now, LIV events have been available online for free — Partnership will determine the Saudi-funded golf tour's financial viability — LIV Golf, the controversial Saudi-funded golf tour …
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Sportico, TVLine, Nexstar Media Group, Inc., Deadline, @jbflint, Bloomberg, CBS News, The A.V. Club, @rynedennis, MediaPost, @jyarow, @brendon_wm, Financial Times, TVNewsCheck, Awful Announcing, @tvgrimreaper, Front Office Sports, @joshacarpenter, New York Post, The Guardian, @crupicrupicrupi, The Hill, UPI, The Streamable, Barrett Media, Forbes, Los Angeles Times and The Hollywood Reporter
CNBC:
Sources: Vice Media restarts its sale process and is likely to fetch a price of below $1B, after potential bidders balked at an earlier price — - Vice Media is restarting its sale process after earlier interested bidders balked at the initial price tag, according to people familiar with the situation.
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@sherman4949, @sherman4949 and @anthony
Max Read / Read Max:
The most important thing a blogger can do to develop and retain an audience is to post regularly and frequently, as evidenced by Matt Yglesias' success — How to be a successful content entrepreneur — What is the secret to a successful career as a blogger/newsletter author/content creator?
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@matt_levine, @moorehn, @jhweissmann, @bencjacobs, @craigsilverman, @maura, @mattwright__, @niubi, @parismarx, @jonathanshainin, @matt_levine, @jfruh, @markberman, @sidhubaba, @mattyglesias, @lukeoneil47 and @gadyepstein
Todd Spangler / Variety:
Fandom cuts jobs at GameSpot, Giant Bomb, Metacritic, and TV Guide, four months after their ~$50M acquisition from Red Ventures; source: under 10% are impacted — Fandom has made an unspecified number of layoffs at GameSpot, Giant Bomb, Metacritic and TV Guide — four months after buying …
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The Wrap, @giantbomb, @lindsaykatai, @ashleylcarter1 and @tamoorh
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