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12:50 PM ET, February 8, 2024

Mediagazer

 Top News: 
Kenneth Li / Reuters:
Thomson Reuters reports Reuters News Q4 revenue rose 11% YoY to $220M, driven mainly by generative AI licensing, and adjusted EBITDA grew 56% YoY to $61M  —  Thomson Reuters Corp (TRI.TO) on Thursday reported higher than expected profit but sales of divisions impacted total revenue growth …
Sara Fischer / Axios:
Dow Jones CEO Almar Latour says the company had 3.17M digital-only subscriptions in Q4 2023, up 60% on Q3 2019, and 80% of its revenue comes from subscriptions  —  Dow Jones, the parent company to the Wall Street Journal, Barron's, MarketWatch, Investor's Business Daily and Financial News …
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Natalie Korach / The Wrap:
News Corp Q2: revenue up 3% YoY to $2.59B, vs. $2.58B est., net income up 95% to $183M, Dow Jones with its highest quarterly revenue since its 2007 acquisition
Alex Sherman / CNBC:
Disney plans to launch ESPN's D2C service in August or the fall of 2025, and include integration with ESPN's fantasy platforms and ESPN Bet  —  - ESPN will launch its flagship direct-to-consumer streaming service in the fall of 2025, Disney CEO Bob Iger said Wednesday.
RELATED:
Jennifer Maas / Variety:
Disney Q1: 111.3M Disney+ subscribers, down from 112.6M in Q3, Disney+ Hotstar adds 700K subscribers to 38.3M, and expects streaming profitability by Q4 2024
Sarah Whitten / CNBC:
Disney plans to invest $1.5B for a stake in Epic Games and collaborate on a new “universe” connected to Fortnite with content from Disney, Pixar, and more
Sarah Whitten / CNBC:
Disney reports Q1 revenue of $23.55B, about the same from a year ago, operating income up 27% YoY to $3.9B, and raises its guidance; DIS up 5%+
Wall Street Journal:
Sources: NFL, NBA, and other sports leagues were kept in the dark about the sports streaming platform being launched by Disney, Warner Bros. Discovery, and Fox  —  NFL, NBA digest details of new platform looming over their businesses  —  Sports leagues including the National Football League …
RELATED:
Dade Hayes / Deadline:
Fubo says it is concerned about the “impact on fair market competition” after Disney, Fox, and WBD announced a sports streaming platform; FUBO closed down 20%+
Kurt Wagner / Bloomberg:
Battle for the Bird book excerpt: how Jack Dorsey's plan to get Elon Musk to save Twitter failed, as Musk dismantled the company after taking over, and more  —  An excerpt from Battle for the Bird shows how Twitter's two most prominent leaders contributed to its current dilemma.
Todd Spangler / Variety:
CBS News Digital staffers form a union with WGA East; WGA East also represents workers at CBS News and won a first collective bargaining agreement at MSNBC  —  Amid a wave of layoffs sweeping across the media industry, writers and editors at CBS News Digital have formed a union with WGA East for the purpose of collective bargaining.
Ashley Fetters Maloy / Washington Post:
Q&A with millenial EICs of five fashion outlets on how the job has changed since its heyday, relationships with advertisers, accountability to readers, and more  —  Town cars are over, transparency has replaced aspiration and diversity finally exists.  Top editors talk about leading a style magazine in 2024.
Jem Aswad / Variety:
Spotify paid out $9B to music rights holders in 2023, a “figure that has tripled over the past six years”, and more than $48B since its founding  —  Spotify paid the music industry some $9 billion in 2023, according to a statement from the streaming giant, which added that the …
David Gilbert / Wired:
How a Russian disinformation campaign is using bots, lifestyle influencers, and state-run media to boost calls for a US “civil war” over the Texas border crisis  —  An all-encompassing Russian disinformation campaign is using everything from bots to lifestyle influencers …
Connor Jones / The Register:
Microsoft's Threat Analysis Center says Iran's cyber operations in Israel show how Iran could target the 2024 US elections, including AI-generated fake news  —  Tactics are more sophisticated and supported in greater numbers  —  Iran's anti-Israel cyber operations are providing a window …
Charlotte Tobitt / Press Gazette:
UK-based ITN warns about AI deepfake online videos featuring some of its leading journalists, and says Meta can be slow to act once alerted to such content  —  Social media platforms such as Instagram are slow to remove harmful deepfake video content.  —  ITN has warned of the threat posed …
 
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 More News: 
Reed Albergotti / Semafor:
Q&A with Medium CEO Tony Stubblebine on Medium expecting to turn a profit in 2024, distribution, training LLMs, AI-generated content, media layoffs, and more
Isaiah Colbert / IGN:
Funimation plans to shut down on April 2, and provides an option to merge users' account with Crunchyroll; copies bought on Funimation won't work on Crunchyroll
 Earlier Picks: 
Alberto Fittarelli / The Citizen Lab:
How a network of 123+ China-based websites posing as local news outlets in 30 countries in Europe, Asia, and Latin America spreads pro-Beijing disinformation
Jem Aswad / Variety:
Memo: Warner Music plans to lay off 10% of its staff, or 600 people, wind down its podcast network Interval Presents, and sell the websites Uproxx and HipHopDX
Kara Swisher / New York Magazine:
An excerpt from Kara Swisher's upcoming book, Burn Book: covering digital media in the '90s, Facebook and Google becoming information gatekeepers, and more
 

 
From Techmeme:

Lauren Feiner / The Verge:
The House passes a TikTok divestiture bill with a longer sale deadline as part of a package of Ukraine/Israel aid bills, pressuring the Senate to vote on TikTok

Jameson Dow / Electrek:
Tesla cuts the price of its Full Self-Driving software to $8K from $12K in the US, following a price cut from $15K to $12K in September 2023

Gaby Del Valle / The Verge:
President Biden signs the bill reauthorizing FISA's Section 702, extending the controversial warrantless surveillance program through 2026

 
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