Mediagazer

9:40 AM ET, April 26, 2024

Top News:

Katie Robertson / New York Times:

G/O Media sells The Onion to Global Tetrahedron, a new Chicago firm owned by former Twilio CEO Jeff Lawson; former NBC News senior reporter Ben Collins is CEO — The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion's staff.

Discussion: The Hollywood Reporter, @jeffiel, @buccocapital, @blackamazon, The Onion, Editor and Publisher, @oneunderscore__, @bobschooley@threads.net, @goldengateblond, @urocklive1, @mollygos, UPI, @taylorlorenz, @oneunderscore__, @canteverdie, @jeffiel, @bendreyfuss, @david_darmofal, @lrozen, @oneunderscore__, @oneunderscore__, @jeffjarvis@mastodon.social, @theonion, @kylekoster, @teddyschleifer, @socialistdogmom, @andrewbucholtz, @kenbensinger, @whaddatwit, Awful Announcing, @katie_robertson, @erikawittekind@threads.net, @katie_robertson, @powerllama@duck.haus, Deadline, @malaclypse.bsky.social, @WarnerCrocker@mastodon.social, @rincewind.run, @lindaholmes.bsky.social, @ernie.tedium.co, @bencollins.bsky.social, Axios, Mediaite, @tacoavenger.bsky.social, Business Insider, @petegain.es, Variety, The Daily Beast, @briank.bsky.social, @edbott.com, The Wrap and MediaPost, more at Techmeme »

The New York Times Company:

The New York Times says it will continue to cover Biden “fully and fairly” regardless of whether he gives the paper a sit-down interview — A spokesperson for The New York Times responds to recent reporting about a free press and reporting on the president.

Discussion: @froomkin, @jeffjarvis, @laurachapin, @nytimespr, @denisewu, @markjacob16, @laurachapin, @markjacob16, Fox News and Politico

Eli Stokols / Politico:
A look at the tense relationship between Biden and The NYT, beset by misunderstandings, grudges, lack of trust, and his refusal to give the paper an interview

Alex Sherman / CNBC:

Sources: Paramount and Skydance move closer to a deal, but Paramount's renewal agreement with Charter, which has an April 30 deadline, is a significant hurdle — WATCH NOW — Paramount and Skydance inch closer to a merger as key hurdle looms — Paramount Global and Skydance Media …

Discussion: Alex Sherman on LinkedIn, The Wrap and Deadline

Sarah Scire / Nieman Lab:

An interview with CalMatters CEO Neil Chase on how the The Markup acquisition happened, consolidation uptick in nonprofit news, and why there is more to come — Nonprofit news has seen an uptick in mergers, acquisitions, and other consolidations. CalMatters CEO Neil Chase still says “I don't think we've seen enough yet.”

Discussion: Talking Biz News

Tom Jones / Poynter:

Q&A with Kelly O'Donnell, NBC News White House senior correspondent and WHCA president, ahead of the WHCD on April 27, on changes in media access and more — Advocating for her press corps colleagues has become a second full-time job for NBC News' senior White House correspondent.

Discussion: Poynter Institute on LinkedIn, Deadline, The Guardian, Voice of America and The Hill

Michael Sisak / Associated Press:

A US appeals court overturns Harvey Weinstein's 2020 conviction, finding the trial judge let women testify about allegations that were not part of the case — New York's highest court on Thursday overturned Harvey Weinstein's 2020 rape conviction, finding the judge at the landmark #MeToo trial prejudiced …

Discussion: Columbia Journalism Review, State of New York Court of Appeals, Rolling Stone, The Indian Express, Associated Press, New York Daily News, HuffPost, TIME, New York Times, New Jersey Online, Hollywood Reporter, IGN, Glamour, Politico, New Yorker, @variety, Luis Alberto García on LinkedIn, The Daily Beast, @drjesstaylor, @pizza__dad, @katiecouric, @shaneferro, KING-TV, @semaforben, @mmpadellan, @onlyannamaria, TMZ.com, UPI, Reuters, Variety, New York Post, Page Six, Daily Press, IndieWire, SheKnows, Deadline, The Wrap, Twin Cities, Los Angeles Times, Forbes, The A.V. Club, CBS News, Vanity Fair, E! Online, Boing Boing, StyleCaster, Financial Times, Extra, ComingSoon.net, World of Reel, The Hill, FOX 7 Austin, Semafor, Hollywood Life, Rolling Stone, Fox News, Wall Street Journal, FOX 7 Austin, KRON4, Mediaite, The Gateway Pundit, TVLine, The 19th, Axios, Entertainment Tonight, Us Weekly, Reuters, The Sun, GB News, The Wrap, Deadline, The Hollywood Reporter, Metro.co.uk, ABC7, Teen Vogue, Screen Rant and Consequence

Jordan Moreau / Variety:
Harvey Weinstein's accusers slam the 4-3 court decision overturning his 2020 conviction; he remains jailed due to his 2022 Los Angeles trial conviction

Charlotte Tobitt / Press Gazette:

GB News co-owner Paul Marshall steps down from the board of GB News after three year, amid reports he is considering a new rival bid to buy the Telegraph — Sir Paul Marshall said he was leaving GB News on a “secure growth trajectory”. — GB News co-lead investor Sir Paul Marshall …

Discussion: Mediaite and The Independent

Wall Street Journal:

A look at the competition for NBA live sports media rights after the 2024-25 season, involving Amazon's Prime Video, YouTube, NBCUniversal, Disney, and WBD — League is advancing toward lucrative deals with incumbent partners and is in talks with tech giants as well as NBCUniversal

Discussion: @chriskeall, Sports Media Watch and Tubefilter

Reuters:

Burkina Faso suspends the radio broadcasts of BBC Africa and VOA for two weeks over their coverage of a report accusing the army of extrajudicial killings — Burkina Faso has suspended the radio broadcasts of BBC Africa and the U.S-funded Voice of America (VOA) for two weeks over their coverage …

Discussion: Voice of America, Politico and The Indian Express

Etan Vlessing / The Hollywood Reporter:

Prime Video will air NHL games on Monday nights in Canada for the 2024-25 and 2025-26 seasons, after striking a deal with rights holder Rogers Communications — The two-year deal will see National Hockey League games appear exclusively on the Amazon streaming site on Monday nights.

Discussion: Reuters, SportsPro, Barrett Media, StreamTV Insider, Jeffrey Kaiser on LinkedIn, Kelly Day on LinkedIn, About Rogers, Globe and Mail, The Streamable, Media Play News, Advanced Television and Light Reading

Jennifer Maas / Variety:

Roku reports Q1 revenue up 19% YoY to $882M, vs. $848.62M est., a net loss of $50.9M, compared to $193.6M YoY, and 81.6M active accounts, up 1.6M from Q4 2023 — Roku reported its first-quarter 2024 earnings Thursday, revealing the company reached 81.6 million active accounts …

Discussion: Advanced Television, The Streamable, The Desk, MediaPost, TechCrunch, Media Play News, The Wrap, Deadline, The Hollywood Reporter, Roku, Reuters, AdExchanger and Cord Cutters News, more at Techmeme »

Todd Spangler / Variety:

YouTube's Q1 ad revenue climbs 21% YoY to $8.1B, vs. $7.72B estimated, its highest Q1 total to date — YouTube keeps eating up more share of the advertising pie: The Google-owned video giant posted $8.1 billion in ad sales for the first quarter of 2024, its highest Q1 total to date.

Discussion: Alphabet, @munster_gene, Android Authority, Fast Company, The Wrap, Deadline and The Hollywood Reporter, more at Techmeme »

ABC News:

Ex-AMI CEO David Pecker testifies again in Trump's NY trial and says he believes Trump's motivation to kill negative stories was about the campaign, not family — Former President Trump is in court on Day 7 of his criminal trial in New York. — Former President Donald Trump is on trial in New York City …

Discussion: New York Times, CBS News, Washington Post, @farhip, @lawofruby, Twin Cities, New York Times, @malmer.com, Forbes, New York Daily News and CBS News

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Ashley Capoot / CNBC:
Snap reports Q1 revenue up 21% YoY to $1.19B, vs. $1.12B est., DAUs up 10% YoY to 422M, a net loss of $305M, compared to $329M YoY; SNAP jumps 20%+

Discussion: Fast Company, Nir Ehud on LinkedIn, The Guardian, Ellie Rogers on LinkedIn, Social Media Today, @carnage4life@mas.to, The Information, Ad Age, Bloomberg and Deadline, more at Techmeme »

Elvira Pollina / Reuters:
Journalists at Italian state broadcaster RAI plan a 24-hour strike May 6 against “suffocating control” of their work by Giorgia Meloni's right-wing government

Dominic Ponsford / Press Gazette:
AA/WARC report: UK ad spend grew 6.1% YoY to £36.6B in 2023, with search advertising up 11.9% to £14.7B and national newsbrands spending down 6.3% to £774M

Discussion: Advanced Television, City A.M. and Android Headlines

Cecilia Kang / New York Times:
The FCC votes 3-2 to reinstate net neutrality rules, expanding government oversight of ISPs and aiming to protect consumer access to the internet

Laura Kukkonen / Columbia Journalism Review:
After a reporter for Aamulehti, Finland's second-largest daily, acknowledged in his autobiography that he fabricated stories, the paper removes 551 articles

Discussion: @sulliview and @bgrueskin

Earlier Picks:

Kathryn Lundstrom / Adweek:
Best Buy and CNET combine their ad inventory to let advertisers buy across Best Buy Ads' retail media network and CNET's editorial content, an industry first

Discussion: Michel Ballard on LinkedIn, Lauren Newman on LinkedIn, @ben_kaplan, Leah Cornish on LinkedIn and Talking Biz News

Aidan Ryan / The Boston Globe:
Memo: Boston public radio station WBUR CEO Margaret Low says 31 employees, or ~14% of its staff, are leaving, with 24 of them taking a voluntary buyout

Discussion: @aidanfitzryan, @milesperhoward, @samanthajgross, Inside Radio, Media Nation, WBUR and Current

Jesse Whittock / Deadline:
Wondery UK hires ex-head of studios for Spotify UK and Ireland as its head of podcasts, and launches its paid, ad-free subscription service Wondery+ in the UK

Discussion: Variety

Georg Szalai / The Hollywood Reporter:
TelevisaUnivision reports Q1 revenue up 7% YoY to $1.1B, adjusted OIBDA fell 9% YoY to $328.5M, and expects its DTC business to be profitable in H2 2024

Discussion: TVNewsCheck, Radio & Television …, The Streamable, Next TV, TelevisaUnivision, Variety, WORLD SCREEN and Deadline

Samantha Schmidt / Washington Post:
Press freedom advocates fear Peru's government is taking aim at the independent news media via a criminal investigation into veteran reporter Gustavo Gorriti

Discussion: @cpjamericas, @willgfreeman and Committee to Protect …

From Techmeme:

Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 10%+

Dustin Volz / Wall Street Journal:
Sam Altman, Satya Nadella, Sundar Pichai, Jensen Huang, and others join a panel to advise US DHS on deploying AI safely within America's critical infrastructure

Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%

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