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1:10 PM ET, April 19, 2024

Mediagazer

 Top News: 
Todd Spangler / Variety:
Netflix plans to stop reporting subscriber numbers and Average Revenue per Membership from Q1 2025, as time spent is its “best proxy for customer satisfaction”  —  Netflix will no longer report subscriber numbers — a key metric for streaming services for years — beginning with the first quarter of 2025.
RELATED:
Sarah Whitten / CNBC:
Netflix reports Q1 revenue up 15% YoY to $9.37B, vs. $9.28B est., paid memberships up 16% YoY to 269.6M, vs. 264.2M est., and net income up 79% YoY to $2.33B  —  LOS ANGELES — Netflix reported earnings that beat on the top and bottom line after the bell Thursday.  —  Here are the results:
New York Times:
Sources: Sony Pictures Entertainment and Apollo discussed a joint all-cash offer for Paramount, which is still in an exclusive negotiation window with Skydance  —  The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.
Sara Fischer / Axios:
CalMatters, a nonprofit focused on CA politics and policy, acquires tech news nonprofit The Markup; CalMatters has ~$12.5M in funding and The Markup has $5M  —  - CalMatters today employs 72 people and The Markup employs 28. … - CalMatters currently has around $12.5 in philanthropic funding …
Bron Maher / Press Gazette:
At a town hall, GB News CEO announced job cuts affecting 40 roles, its first major round of cuts after its 2021 launch; GB News had 295 staffers in May 2023  —  It is the first major redundancy exercise since the broadcaster launched.  —  GB News chief executive Angelos Frangopoulos …
Discussion: @smartin
Todd Spangler / Variety:
Filing: Warner Bros. Discovery CEO David Zaslav's 2023 compensation package was worth $49.7M, up 26.5% from the year prior, with $23.1M in stock awards  —  David Zaslav, president and CEO of Warner Bros. Discovery, had a 2023 pay package worth $49.7 million, up 26.5% from the year prior …
David Ingram / NBC News:
Hyundai says it is pausing ads on X, after one ad appeared next to antisemitic and pro-Nazi content; the ad appeared on a user profile that had 55K+ followers  —  The move came after a Hyundai ad appeared next to antisemitic posts from a user who has posted pro-Hitler content.
Ruth La Ferla / New York Times:
Graydon Carter opens a physical store called Air Mail Newsstand in NYC, as an extension of his digital newsletter Air Mail, selling books, magazines, and more  —  Shoe horns, lampshades and CBD-infused elixirs are among the goods Graydon Carter is selling at a new newsstand-style shop in New York.
Discussion: Showbiz411 and @nbj914
Bron Maher / Press Gazette:
Inside the turmoil at UK-based nonprofit newsroom Open Democracy, whose leadership team says it could have been insolvent by June without 40% cost cuts  —  Turmoil at the top of Open Democracy has led to legal letters being sent.  —  Open Democracy could have gone into liquidation by June …
Sharon Goldman / Fortune:
A look at LinkedIn's Collaborative Articles, a collection of over 10M work-related Q&A articles, as many users claim the tips are low-quality and AI-generated  —  When Irene Malatesta learned that LinkedIn was launching collaborative articles last year, she was itching to participate.
 
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 More News: 
New York Times:
The judge in Trump's NY criminal trial ordered reporters on April 18 to not disclose jurors' job info and warned against sharing jurors' physical descriptions
Daniel Tencer / Music Business Worldwide:
Short-form video app Triller is merging with Hong Kong financial services company AGBA; Triller shareholders will own 80% of the combined company valued at $4B
 Earlier Picks: 
Jonathan Barrett / The Guardian:
James Warburton, the CEO of Australia's Seven West Media since 2019, steps down; CFO Jeff Howard will take over as CEO starting on April 19
Discussion: Mumbrella, Variety and Deadline
Amy Thomson / Bloomberg:
Music rights investor Concord agrees to buy Hipgnosis Songs Fund in a deal valuing the song catalog company at ~$1.4B, capping a period of turmoil for Hipgnosis