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.
Discussion:
Forbes, The Hollywood Reporter, Media Play News, WORLD SCREEN, Emil Protalinski on LinkedIn, @ianbetteridge@writing …, Fortune, @parismarx, @sherman4949, Cory Parker on LinkedIn, @lucas_shaw, @loudmouthjulia, @loudmouthjulia, @tvmojoe, 9to5Mac, @pkafka@threads.net, @tvmojoe, @tvgrimreaper, @lucas_shaw, @carnage4life, Broadband TV News, @sherman4949, CBS News, The A.V. Club, CNBC, Business Insider, Business Insider, ComingSoon.net, The Streamable, Deadline and Advanced Television, more at Techmeme »
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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.
Discussion:
IndieWire, The Desk, The Wrap, The Streamable, Metro.co.uk, Deadline, IGN, @mediaevan, Screen Rant, @tvgrimreaper, Advanced Television, Tv Technology, Fortune, @davidclinchnews, @benmullin, @phillipsrelic, Financial Times, Broadband TV News, Reuters, Los Angeles Times, New York Post, Hollywood Reporter, Forbes, Benjamin Mullin on LinkedIn and Variety
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:NEW!
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:
Harrison Vail on LinkedIn, 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 …
Discussion:
@jdowsea, @martinjdocherty, @adamramsay, @pressgazette and @pressgazette
Megan Specia / New York Times:
RSF: London has become a “hot spot” of transnational threats against Iranian journalists, including from Iranian government, its proxies, and opposition groups — Iranian reporters and broadcasters in Britain have suffered physical attacks, threats and surveillance …
Discussion:
Nikos Panagiotou on LinkedIn, Reporters Without Borders and r/Journalism
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.
Discussion:
Ken Y. on LinkedIn, Feisal Nanji on LinkedIn, @alexcristache and @sharongoldman
Wall Street Journal:
UK ICO internal draft: Google's Privacy Sandbox must do more and leaves gaps that can be exploited to undermine the privacy of users who should remain anonymous — In draft report, agency says Google's proposed replacements for cookies have gaps advertisers can exploit
Discussion:
@jason_kint and @jason_kint, more at Techmeme »
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