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6:25 PM ET, February 4, 2025

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 Top News: 
Sean Burch / The Wrap:
Fox plans to launch a subscription-based streaming service by year-end that will be priced “relatively low” and target those who don't pay for traditional TV  —  Fox Corp. CEO Lachlan Murdoch says the SVOD will be priced “relatively low” and target viewers who do not pay for traditional TV
RELATED:
Dade Hayes / Deadline:
Fox Corp reports Q2 revenue up 20% YoY to $5.08B, vs. $4.82B est., ad revenue up 21% to $2.4B, driven by political ads, sports, and news, and a $388M net income  —  The company posted earnings per share of 81 cents and revenue of $5.08 billion in its fiscal second quarter, which ended December 31.
Todd Spangler / Variety:
Alphabet reports YouTube Q4 ad revenue up 14% YoY to $10.47B, vs. $10.23B est., driven by the US election as both political parties almost doubled 2020 spending  —  YouTube, the internet's biggest streaming video platform, delivered a healthy 13.8% increase in global ad revenue …
Mike Masnick / Techdirt:
Elon Musk accused an X user, who named federal staff in a post X then removed, of “a crime”, showing what actual government social media censorship looks like  —  For years, we've watched self-proclaimed “free speech warriors” hyperventilate about imaginary government control of social media content moderation.
Anne Steele / Wall Street Journal:
Spotify reports Q4 revenue up 16% YoY to €4.2B, MAUs up 12% YoY to 675M, subscribers up 11% YoY to 263M, and €1.14B in 2024 net income, vs. a €532M loss in 2023  —  Price increases, cost discipline help audio-streaming giant pivot from heavy spending on growth to sustained profits
Max Tani / @maxwelltani:
Memo: the Los Angeles Times is offering a voluntary buyout program to all employees who have worked at the paper for at least two years  —  In an email to staff shared with me, the LA Times says it's offering voluntary buyouts to all staff who have been there for more than two years. [image]
Sarah Perez / TechCrunch:
Mark Zuckerberg says users on Threads can now make their custom feeds public and follow custom feeds made by others  —  Meta's Threads is doubling down on support for custom feeds as it faces challenges from the growing social network Bluesky, now with over 30 million users, which also offers custom feeds as one of its key features.
John Koblin / New York Times:
Nielsen: the 67th annual Grammys drew 15.4 viewers, down 9% YoY and ending a three-year growth streak; the show aired on CBS and streamed on Paramount+  —  The awards show drew 15.4 million people this year, down from nearly 17 million last year.  —  Viewership for the Grammys slipped …
Steven Levy / Wired:
TED head Chris Anderson announces his intention to step down after 25 years and hand over TED to whoever presents the best idea for its future  —  In an exclusive interview with WIRED, the British entrepreneur shares why it's time to move on from TED.  —  For 25 years, Chris Anderson …
 
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 More News: 
Amanda Friedman / Politico:
The White House Correspondents' Association announces that Amber Ruffin, a writer at Late Night With Seth Meyers, will headline its annual dinner on April 26
Wall Street Journal:
Major US publishers and authors sue Idaho over a new law limiting minors' access to books with “harmful” material, arguing the law is unconstitutionally broad
Ingrid Lunden / TechCrunch:
Toronto-based programmatic ad startup StackAdapt raised $235M led by Teachers' Venture Growth, after raising $300M from Summit Partners in June 2022
Charlotte Tobitt / Press Gazette:
Tortoise names two co-CEOs: Emma Sullivan, its managing director who helped lead the Observer deal, and Richard Furness, a former Guardian Media Group executive
 Earlier Picks: 
Leo Marchandon / Reuters:
Publics reports FY 2024 net revenue of €13.97B, representing 5.8% organic growth vs. its 5.5% guidance, and expects organic growth of 4% to 5% in 2025
Christopher Palmeri / Bloomberg:
In a letter to CBS Monday, Sony says it is taking over worldwide distribution of Wheel of Fortune and Jeopardy! on February 10; CBS plans a restraining order
Lucas Shaw / Bloomberg:
Q&A with Warner Bros. Records CEO Aaron Bay-Schuck and co-chairman and COO Tom Corson about reviving the label, seeding music on TikTok first, and more
Michael Swerdlow / Columbia Journalism Review:
Facing the Trump administration's attacks, US public media should expand its public funding pool, focus on local content, and reduce its reliance on syndication
New York Times:
Sources: Bill Owens, the head of 60 Minutes, told staff he would not apologize as part of any prospective settlement in a lawsuit brought by Trump against CBS