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3:05 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, Editor and Publisher, @teddyschleifer, UPI, @katie_robertson, Awful Announcing, @mollygos, MediaPost, @bobschooley@threads.net, @erikawittekind@threads.net, @goldengateblond, @urocklive1, The Onion, @jeffiel, @oneunderscore__, @malaclypse.bsky.social, @taylorlorenz, @oneunderscore__, @canteverdie, Business Insider, @jeffiel, @bendreyfuss, @rincewind.run, The Daily Beast, @david_darmofal, @katie_robertson, @tacoavenger.bsky.social, @lrozen, @ernie.tedium.co, @oneunderscore__, @whaddatwit, @powerllama@duck.haus, @oneunderscore__, Mediaite, Variety, @lindaholmes.bsky.social, @petegain.es, @theonion, @WarnerCrocker@mastodon.social, @kylekoster, @bencollins.bsky.social, @socialistdogmom, @andrewbucholtz, Axios, @kenbensinger, @briank.bsky.social, Deadline, @edbott.com and The Wrap, 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: @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 — Biden's people think they're “entitled.” The Times says “they're not being realistic.” — When news broke one Saturday night …

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: State of New York Court of Appeals, TIME, IGN, Variety, New York Times, New Jersey Online, Hollywood Reporter, Page Six, New York Post, Politico, Luis Alberto García on LinkedIn, @semaforben, Rolling Stone, @drjesstaylor, @katiecouric, @mmpadellan, The Daily Beast, KING-TV, @variety, UPI, Glamour, TMZ.com, @pizza__dad, @onlyannamaria, @shaneferro, Reuters, New Yorker, Daily Press, IndieWire, SheKnows, Deadline, The Wrap, Los Angeles Times, Forbes, New York Daily News, Twin Cities, The A.V. Club, The Indian Express, 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, Associated Press, 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, CBS News, 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

Discussion: Extra, @indira_l, TMZ.com, Hollywood Reporter, The Daily Beast, Business Insider, Page Six, New York Post, The Sun, The Wrap, Reuters, New York Times, Daily Press, Los Angeles Times, IndieWire and New York Daily News

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: The Wrap and Deadline

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

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: Sports Media Watch, @chriskeall and Tubefilter

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

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

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, Fast Company, Neowin, The Wrap, Deadline and The Hollywood Reporter, more at Techmeme »

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

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 is up 20%+ after hours — WATCH NOW — Snap stock soars following beat on revenue, earnings and daily active users — Snap reported first-quarter results …

Discussion: Snap Inc, Ellie Rogers on LinkedIn, @carnage4life@mas.to, The Information, Ad Age, Social Media Today, Bloomberg, Reuters and Deadline, more at Techmeme »

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More News:

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

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: @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

Earlier Picks:

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

Georg Szalai / The Hollywood Reporter:
Comcast reports Q1 Peacock revenue rose 54% YoY to $1.1B, a $639M loss, down from $704M in Q1 2023, and paying subscribers up 55% YoY to 34M

Discussion: @gentledoofus, @tvgrimreaper, @gentledoofus, @bristei, StreamTV Insider, @bristei, Sports Media Watch, Tv Technology, Sportico, MediaPost, The Information, The Desk, Media Play News, The Streamable, Next TV, The Wrap, Comcast, Deadline, Reuters, IndieWire and CNBC

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 …

Sam Roberts / New York Times:
Alfonso Chardy, whose methodical reporting led The Miami Herald to a Pulitzer Prize for exposing the Iran-contra scandal in 1986, died on April 9 at age 72

Discussion: @francesrobles

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 11%+ after hours

Reuters:
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok's algorithm as core to overall ByteDance systems

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%; MSFT jumps 4%+ after hours

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