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5:10 AM ET, April 19, 2024

Mediagazer

 Top News: 
Todd Spangler / Variety:
Netflix won't report subscriber numbers or Average Revenue per Membership starting in Q1 2025, saying 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 users up 16% YoY to 269.6M, vs. 264.2M est., and net income $2.3B, up from $1.3B YoY  —  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.
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.
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 …
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  —  Some news reports have included details about jurors that had been aired in open court.  One was excused after she developed concerns about being identified.
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.
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  —  Financially troubled social media app and TikTok competitor Triller is merging with a Hong Kong financial services company …
Sara Fischer / Axios:
Essence magazine's parent, Sundial Media Group, agrees to buy Refinery29 from Vice Media and names former Vice COO Cory Haik as CEO of Refinery29  —  - The acquisition of Refinery29 will help Sundial and Essence extend their reach to content companies that cut across culture and commerce, Sundial said in a statement.
Discussion: Sundial Media Group
 
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 More News: 
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
 Earlier Picks: 
Gene Maddaus / Variety:
A Los Angeles ethics agency fines former CBS CEO Les Moonves $15K for misconduct in obtaining confidential police info about a sexual assault claim against him
Sheena Vasani / The Verge:
TikTok starts rolling out TikTok Notes, its Instagram rival for sharing photo and text content, for limited testing in Australia and Canada on Android and iOS
Kate Knibbs / Wired:
How one author gained a limited copyright for the “selection, coordination, and arrangement of text” from AI, as the US Copyright Office wrestles with AI law
Sam Tobin / Reuters:
UK court documents: actor Hugh Grant settled a lawsuit against The Sun publisher News Group Newspapers over claims of using private investigators to phone tap