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5:30 PM ET, February 8, 2023


 Top News: 
Wall Street Journal:
Sources: Warner Bros. Discovery plans to keep a standalone Discovery+ service after launching a streaming service that combines HBO Max and Discovery+ content  —  Move comes amid concerns that some Discovery+ subscribers might not want to move to upcoming pricier, bigger platform
Todd Spangler / Variety:
Disney reports Q1 revenue up 8% YoY to $23.51B, vs. $23.37B est., direct-to-consumer revenue up 13% YoY to $5.3B, and operating loss rose $0.5B to $1.1B  —  Overall, Disney posted revenue of $23.51 billion (up 8%) and adjusted earnings per share of 99 cents for the quarter ended Dec. 31, 2022 (Disney's Q1 of fiscal year 2023).
Todd Spangler / Variety:
Disney says it will reduce its workforce by 7,000 employees, or 3.2% of its global headcount of about 220,000 as it works to save $5.5B in costs  —  Disney will reduce its workforce by 7,000 employees in a bid to cut costs, Iger said Wednesday on the company's earnings call for the year-end 2022 quarter.
Katie Robertson / New York Times:
The New York Times reports Q4 revenue up 12.3% YoY to $667.5M, 2022 revenue up 11.3% YoY to $2.3B, 2022 operating profit of $347.9M, and 9.6M paying subscribers  —  The company said it added more than a million digital subscribers in 2022, bringing its total number of paying subscribers to 9.6 million.
David Friend / Canadian Press:
Netflix rolls out its long-anticipated password sharing rules in Canada, New Zealand, Portugal, and Spain; other countries will be added in the next few months  —  Under new rules, premium and standard account holders will be given option to add extra members for $7.99 per month
Washington Post:
US House Oversight Committee members questioned three former Twitter executives about suppressing accounts, tweets, and the New York Post's Hunter Biden story  —  A congressional hearing today promises a moment of political reckoning more than two years in the making …
Jeremy Barr / Washington Post:
Over 200 staff represented by NBC News Digital's union plan to walk off the job on February 9 to protest the outlet cutting seven union-covered staff in January  —  It's the latest major labor action to strike a national news organization in recent months as the media industry faces headwinds and cut-backs.
Georg Szalai / The Hollywood Reporter:
Fox Corp reports Q2 revenue up 4% YoY to $4.61B, ad revenue up 4% YoY to $2.5B due to the World Cup, and a $321M net income, up from a $73M net loss in Q2 2021  —  After the Murdoch family recently dropped plans to merge Fox with News Corp, the company reported its fiscal second-quarter results.
Nilay Patel / The Verge:
Q&A with authors Felix Gillette and John Koblin on their book It's Not TV, the genesis of HBO, competing with Netflix, AT&T's Time Warner acquisition, and more  —  Authors Felix Gillette and John Koblin explain how your favorite shows kept HBO afloat.  —  HBO started as an experiment.
Discussion: @felixgillette
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 More News: 
Sarah Perez / TechCrunch:
Instagram expands Gifts, a monetization feature that lets fans tip Reels creators using its virtual currency Stars, to more US creators, after a test in 2022
Discussion: Meta, more at Techmeme »
Angelina Chapin / The Cut:
Sources detail how ABC News office relationships between women and men with more seniority were common in the 2010s, after the T.J. Holmes and Amy Robach affair
Tyler Aquilina / Variety:
Muso report: 2022's most pirated TV series differed from the most legally streamed shows; many of the most pirated shows were only on niche streaming services
 Earlier Picks: 
Joseph Cox / VICE:
Voice actors are increasingly being asked to sign away rights to their voices so clients can make synthetic AI versions that may eventually replace them
Joshua Benton / Nieman Lab:
Microsoft's and Google's plans to use AI in search increase uncertainty for publishers and raise old questions about the link economy, fair use, and aggregation
Duncan Campbell / Byline Times:
Freelancer Duncan Campbell details the conflicts of interest and long delays when CJR edited his article on The Nation's defense of Russia; CJR blames Campbell