Top News:
Rebecca Picciotto / CNBC:
Disney CEO Bob Iger says “everything is on the table” when it comes to Hulu, after sharing his plans to pare back the company's general entertainment content — Follow your favorite stocksCREATE FREE ACCOUNT — Disney CEO Bob Iger said Thursday that “everything is on the table” with streaming service Hulu.
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Lillian Rizzo / CNBC:
Nelson Peltz drops his proxy fight after Disney unveils a reorganization, job cuts, and cost reductions: “Disney plans to do everything we wanted them to do” — Follow your favorite stocksCREATE FREE ACCOUNT — Nelson Peltz declared the proxy fight between his firm …
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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).
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Lauren Forristal / TechCrunch:
Disney ended 2022 with 161.8M Disney+ global subscribers, down 1% QoQ, its first drop since 2020's launch; Hulu had 48M and ESPN+ had 24.9M, both up 2% QoQ
Discussion:
The Streamable, MediaPost, @trengriffin, IndieWire, WORLD SCREEN, Rolling Stone, masslive.com and The Wrap
Todd Spangler / Variety:
Disney cuts its workforce by 7,000, or 3.2% of its ~220,000 global headcount, as the company tries to save $5.5B in costs, including $2.5B in non-content costs
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Sara Fischer / Axios:
Yahoo plans to lay off 20%+ of its workforce and restructure its ad tech unit, impacting 50%+ of the unit, or 1,600+ people; CEO says the cuts are “strategic” — Yahoo plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech unit, executives told Axios.
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CNET, MediaPost, The Wrap, Variety, TechCrunch, CNBC, Reuters, New York Daily News, The Information, @sdkstl, Bloomberg, @sarafischer and @sarafischer, more at Techmeme »
Brian Lowry / CNN:
The departures of James Corden, Trevor Noah, Conan O'Brien, Samantha Bee, and Desus and Mero signal the demise of the “later-night TV” genre — The anchors of late-night TV remain in place with Jimmy Fallon, Stephen Colbert and Jimmy Kimmel, the last having recently signed …
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Forbes, @tvgrimreaper, @adamconover, @mametown, Deadline and New York Daily News
NewsNation:
NewsNation reporter Evan Lambert was freed from jail late February 8 after being arrested giving a live report at Ohio Governor Mike DeWine's press conference — EAST PALESTINE, Ohio (NewsNation) — A NewsNation reporter was released from jail late Wednesday after being arrested earlier …
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Isobel Lewis / The Independent:
UK media watchdog IPSO plans to investigate Jeremy Clarkson's Sun column on Meghan Markle and publish the results, after receiving a record 25,100+ complaints — Press watchdog received more than 25,100 complaints about column — Culture secretary defends Jeremy Clarkson's ‘right to say what he wants’
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The Guardian, @marionmain3, The Hollywood Reporter, Deadline, @hackinginquiry and Hacked Off
Jon Christian / Futurism:
After a physician found 18 errors, Men's Journal rewrites and adds a note to its first AI-written article and says “early experiments are a work in progress” — THE OWNERS OF SPORTS ILLUSTRATED AND MEN'S JOURNAL PROMISED TO BE VIRTUOUS WITH AI.
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@parismarx, @jon_christian, @allisonlcarter, @dannyoneil, @chrismoranuk, @laurengoode, @miarsato, @sowmyak, @smashdawg, @laura_nelson, @juliacarriew, @jon_christian, @daveyalba, @libshipwreck, @harrymccracken, @jjvincent, @jon_christian, @dkthomp, @slotkinjr, @fabiochiusi, @jasonabbruzzese and @dylpar252
Mark Stenberg / Adweek:
Ad supply-side platform EMX and its parent company Big Village file for Chapter 11 bankruptcy; sources say EMX began struggling to pay partners in summer 2022 — The vendor, a subsidiary of Big Village, owed hundreds of thousands in unpaid revenue
Discussion:
BK Data, AdExchanger, Bloomberg Law and @markstenberg3
Semafor:
Sources: two investors looking to buy Forbes, India's Shiv Khemka and Silicon Valley's GSV, seek to rope in US investors to smooth CFIUS' approval of the deal — Fear of U.S. government scrutiny is holding up a deal to sell Forbes to a foreign buyer, leaving the company scrambling …
Discussion:
@semaforben and @semaforben
Sarah Grevy Gotfredsen / Columbia Journalism Review:
Tow Center analysis: ~4,000 journalists at US outlets tweeted 3% less per day on average after Elon Musk's takeover; those at right-leaning outlets tweeted more — b — New research from the Tow Center for Digital Journalism into the habits of journalists on Twitter during …
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@jbenton, @jbenton, @katebevan, @froomkin, @froomkin, @karlbode, @domdifurio, @emilybell, @froomkin, NewsLab and GitHub
Todd Spangler / Variety:
Dish's Sling TV rebrands Sling Free to Sling Freestream, which will carry 210 free channels, 41K+ on-demand titles, and expand further by the end of spring 2023 — Sling TV, the internet-streaming division of Dish Network, is doubling down on free, ad-supported streaming television (FAST) …
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