Mediagazer: New York Gov. Kathy Hochul approves a bill increasing the state's film and TV subsidy from $700M to $800M, including $100M for independent movies (Sean Burch/The Wrap)

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Isha Banerjee / Columbia Daily Spectator:

Barnard suspends Columbia Spectator and WKCR student reporters who covered a pro-Palestinian protest on campus, alleging they were involved in the protests — Barnard and Columbia issued interim suspensions Thursday afternoon to four student journalists who covered a Wednesday pro-Palestinian protest …

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Alex Sherman / CNBC:

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Sean Burch / The Wrap:

New York Gov. Kathy Hochul approves a bill increasing the state's film and TV subsidy from $700M to $800M, including $100M for independent movies — Gov. Kathy Hochul signed a bill on Friday that earmarks $100 million for independent movies produced in the Empire State

Discussion: The Hollywood Reporter and Deadline

Matthew Belloni / Puck:

Sources: art house streaming service and film distributor Mubi is raising $100M from a consortium led by Sequoia, valuing the company at more than $1B — The art house streaming service and film distributor Mubi is raising $100 million from a consortium led by Sequoia Capital.

Discussion: Matthew Belloni on LinkedIn and @phillipsrelic

Bloomberg:

Sources: CTV ad platform MNTN may launch its IPO next week after delaying due to market volatility; filing: MNTN had a $21.1M Q1 net loss on revenue of $64.5M — Connected TV advertising platform MNTN Inc. is considering launching its initial public offering as soon as next week …

Discussion: Katie Roof on LinkedIn

Scroll.in:

Indian news outlet The Wire says the government blocked access to its English site in India; the government blocked four outlets' social media accounts on May 8 — The news outlet said it was taking all necessary steps to challenge the ‘arbitrary and inexplicable’ move.

Discussion: Telegraph, Newslaundry, Livemint, Committee to Protect …, The Wire, MEDIANAMA, Global Voices, @thewire.in, Arab News, Business Insider, Profit, BMI and Digit

Elaine Woo / LAist:

LAist lays off eight employees, or 5% of staff, citing the potential loss of $1.7M in CPB funding, which amounts to ~4% of the public media outlet's budget — LAist laid off eight employees Tuesday as it contends with ongoing financial challenges, including President Donald Trump's recent order …

Discussion: Current, @jdmendez.com and @1gregtodd.bsky.social

Kasey Moore / What's on Netflix:

Netflix plans to remove the two remaining interactive specials, Black Mirror: Bandersnatch and Unbreakable Kimmy Schmidt: Kimmy vs. the Reverend, on May 12 — The last remaining interactive specials on Netflix are departing the service... Netflix is preparing to remove its final two interactive specials from the platform.

Jeffrey A. Trachtenberg / Wall Street Journal:

News Corp reports Q3 revenue up 1% YoY to $2.01B, net income of $103M, Dow Jones revenue up 6% to $575M, and $514M in News Media revenue; WSJ has 4.34M subs — Digital and print Wall Street Journal subscriptions totaled 4.34 million for March quarter, company says

Discussion: Press Gazette, Talking Biz News, The Hollywood Reporter, News Corporation, The Guardian, Deadline, Reuters, The Wrap, Media Play News and MediaPost

Caitlin Huston / The Hollywood Reporter:

AMC Networks reports Q1 revenue down 7% YoY to $555.2M, operating income down 41.7% to $64M, streaming revenue up 8% to $157M, and 10.2M streaming subscribers — The company is now only reporting paid streaming subscribers and not including those who are part of broader linear packages.

Discussion: The Streamable, The Wrap, TVNewsCheck, Wall Street Journal, Variety, Benzinga, AMC Networks Inc., Media Play News, Deadline and Streaming Better

Tony Maglio / The Hollywood Reporter:

EchoStar says it lost 380K subscribers in Q1 for a total of ~7.4M and reports pay TV revenue fell 7.4% YoY to $2.5B and operating income fell 2.5% YoY to $653M — Sling's churn was worse than Dish's, if we're pointing fingers. — Dish TV and Sling TV combined for a loss of 380,000 subscribers …

Discussion: The Streamable, Cord Cutters News and EchoStar Corporation

Alex Weprin / The Hollywood Reporter:

Q&A with Altice CEO Dennis Mathew and Optimum executive Keith Bowen on offering skinnier bundles, future of cable TV, Altice's partnership with Disney, and more — Altice CEO Dennis Mathew and executive Keith Bowen talk new deals with Google and Disney, and the “hard conversations” …

Discussion: @tvgrimreaper, Keith Bowen on LinkedIn, @airbagmoments.bsky.social, The Desk, TVNewsCheck and Streaming Better