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9:35 PM ET, April 16, 2026

Mediagazer

 Top News: 
Isabella Simonetti / Wall Street Journal:
Netflix chairman and co-founder Reed Hastings will step down from the company's board after his term expires in June to focus on philanthropy and other pursuits  —  Co-founder won't stand for re-election to the board, Netflix says in first earnings report since pulling out of Warner Discovery bid
RELATED:
Lucas Shaw / Bloomberg:
Netflix reports Q1 revenue up 16% YoY to $12.3B, vs. $12.2B est., net income of $5.28B, and forecasts Q2 EPS below estimates; NFLX drops 8%+ after hours  —  Netflix Inc. gave a forecast for the second quarter that fell short of analysts expectations, sending the shares down in extended trading.
Rebecca Keegan / NBC News:
Paramount CEO David Ellison makes an unexpected appearance at CinemaCon, promising a 45-day theatrical window for all Paramount movies going forward  —  The Paramount Skydance chief spoke at CinemaCon in Las Vegas on Thursday, after opting out of a congressional hearing on the merger earlier this week.
David Folkenflik / NPR:
NPR receives two of its largest ever gifts: $80M for innovation in use of digital tech and $33M to build and buy tools to be shared with US public media orgs  —  NPR has received two of the largest gifts in the public media network's existence, totalling $113 million.
Corbin Bolies / The Wrap:
Memo: Condé Nast is shuttering Self magazine, folding its content into other brands, and winding down Glamour's publishing arms in Mexico, Spain, and Germany  —  The company will also stop publishing Wired's Italian edition and several of Glamour's international editions
Sandor Zsiros / Euronews:
Hungary's Prime Minister-elect Peter Magyar says he plans to suspend state broadcaster MTVA and “create independent, objective, and impartial conditions”  —  Magyar has threatened to suspend the state broadcaster following a heated on-air clash, accusing it of spreading …
Reshmi Basu / Bloomberg:
QVC Group, owner of TV shopping channels QVC and HSN, files for bankruptcy as part of a plan to cut more than $5B in debt; shares closed down 69% on Thursday  —  Television shopping network QVC Group filed for bankruptcy Thursday as part of a plan to cut more than $5 billion of debt …
Stevie Bonifield / The Verge:
YouTube now lets users set a zero-minute Shorts time limit, effectively removing them from its iOS and Android app; the lowest previous option was 15 minutes  —  All YouTube users are getting an option to set their Shorts time limit to zero minutes.
 
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 More News: 
Charlotte Tobitt / Press Gazette:
The transfer of digital operations and print ad work from the UK's Standard to The Independent is complete; of 75 Standard staff, 23 moved to Independent Media
Emily Zemler / The Wrap:
A look at Doug Liman's $70M Bitcoin: Killing Satoshi movie, which uses AI for sets, lighting, and more in post-production, cutting costs from an estimated $300M
Anne Steele / Wall Street Journal:
Joseph Collins, a top executive at HBO, Time Warner Cable, and Comcast, a founder of C-SPAN and a pioneer in cable transition to broadband, died April 2 at 81
Daniel Thomas / Financial Times:
The UK CMA tells Getty Images to sell Shutterstock's editorial business, which includes Backgrid and Splash, to secure approval for the $3.7B merger of the two
Discussion: Bloomberg
Chris Welch / Bloomberg:
Roku says it is in 100M+ homes globally and its devices are used by “more than half of all US broadband households”; Roku had $4.15B in 2025 platform revenue
 Earlier Picks: 
Pew Research Center:
A survey of US teens: ~90% say entertainment is a reason they use TikTok, Instagram, or Snapchat, 57% Snapchat message daily, and 37% say TikTok impacts sleep
Laura Hazard Owen / Nieman Lab:
Analysis: global Chartbeat clients' traffic from Twitter/X has fallen 70% since Elon Musk's October 2022 acquisition; Facebook traffic has also declined sharply
NBC News:
A US jury finds Live Nation and Ticketmaster illegally maintained monopoly power in the ticketing market, in a case brought by state AGs after the DOJ settled
 

 
From Techmeme:

Amrith Ramkumar / Wall Street Journal:
President Trump signs two executive orders aimed at speeding the development of advanced quantum computers and mitigating the security threats they present

Chloe Taylor / CNBC:
South Korea's tech-heavy Kospi index falls 10%, dragged down by SK Hynix and Samsung; STMicro and ASML fall ~7%, and US tech stocks fall in pre-market trading

Bloomberg:
Sources: Tencent is negotiating exits from minority investments in game studios in Japan, such as Tokyo-traded Marvelous, as it reassesses its global portfolio
 
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