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9:40 AM ET, April 29, 2019

Mediagazer

 Top News: 
Spotify:
Spotify reports Q1 revenue of €1.5B, up 33% YoY, reduces net loss to €142M, says it has 217M MAUs, up 26% YoY, with 100M premium subscribers, up 32% YoY  —  Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the first fiscal quarter of 2019 ending March 31, 2019.
RELATED:
Paul Sawers / VentureBeat:
Spotify confirms it paid €50M to acquire the podcasting studio Parcast in addition to the €308M spent on Anchor and Gimlet in 2019  —  Spotify has confirmed that it paid €50 million ($56 million) to acquire Parcast, the story-based podcasting studio it snapped up last month.
Discussion: Business Insider and Bloomberg
@nytopinion:
NYT apologizes, says it published the antisemitic cartoon because of a faulty process when an editor working without adequate oversight decided to include it  —  We apologize for the anti-Semitic cartoon we published. Here's our statement. pic.twitter.com/nifZahutpO
RELATED:
Seth J. Frantzman / Jerusalem Post:
NYT says it published a cartoon with antisemitic tropes in its international print edition on Thursday due to “an error of judgment”  —  New York Times admits cartoon had antisemitic tropes and says it was an error of judgement to publish.  —  The New York Times International Edition ran …
Nic Fildes / Financial Times:
Sources: UK's Telegraph Media Group plans to cut about 50 jobs in its commercial department as it continues its shift to a subscription-first revenue strategy  —  Telegraph Media Group has launched its latest round of restructuring as it presses ahead with its shift to a premium subscription-based model.
Discussion: @orskov
Ginny Marvin / Search Engine Land:
Microsoft rebrands Bing Ads as Microsoft Advertising, says it will introduce more advertising products with built-in AI over the next year  —  The new name reflects a broader focus on ad inventory, data and targeting capabilities.  —  First there was Microsoft adCenter.  Then there was Bing Ads.
Christopher Cadelago / Politico:
The unusual relationship between the US President and NY Times photographer Doug Mills, whom Trump has called “my genius photographer”  —  Earlier in his administration, as Donald Trump launched attack after attack on the mainstream media, a series of newspaper photographs caught his attention, in a good way.
Discussion: @anitakumar01
Eric Berger / Columbia Journalism Review:
As more newspapers close their own printing plants and outsource to a central location, legacy printing-press installers reflect on a declining profession  —  When Joel Birket was a child, his family moved to new cities for a year at a time so his father, William, could install printing presses …
Discussion: @raju
Zack Stanton / Politico:
Interview with Kate Ward, Bustle Digital Group's departing EIC, on growing a large media organization while keeping aspects of startup culture and more  —  Kate Ward, editor-in-chief of Bustle Digital Group, on what is worth keeping — and getting rid of — as a company grows.
Danielle Abril / Fortune:
Interview with the CEO of Verizon Media, which generated $1.8B in revenue in Q1, down 7.2% YoY, on integrating commerce, investing in its ad platform, and more  —  Guru Gowrappan has spent the seven months charting a new course for Verizon Media, the struggling digital media business owned by telecom giant Verizon.
Tim Alberta / Politico:
Profile of Des Moines Register, renowned for its Iowa caucuses coverage and editorial endorsements during primaries, as it has coped with a shrinking newsroom  —  The great media disruption comes for the Des Moines Register.  —  Tim Alberta is chief political correspondent at Politico Magazine.
 
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 Earlier Picks: 
Wendy Lee / Los Angeles Times:
Q&A with BuzzFeed CEO Jonah Peretti on fake news, recent layoffs, employees forming a union, plans to make the company profitable, and more