Morning Media Newsfeed New York Times, Wall Street Journal Report Q1 Earnings By mstenberg on May. 9, 2024 - 8:00 AM The New York Times gained 210,000 digital subscribers last quarter. While overall ad revenue decreased 2.4%, to $103.7 million, digital advertising increased 2.9%, to $63 million. (NYT) The Times’ stock price increased follo ...
Morning Media Newsfeed Apple’s New iPad Commercial Draws Ire From Creative Community By mstenberg on May. 9, 2024 - 7:59 AM Apple is facing backlash for an iPad ad that featured a machine crushing books and instruments. (NBC News) The idea is that the iPad Pro tablet lets you watch TV shows and movies, listen to and create music, play games, read books ...
Morning Media Newsfeed Disney Shares Decline on Outlook Despite Path to Profit By mstenberg on May. 9, 2024 - 7:58 AM Disney reported first-quarter earnings Tuesday that showcased its movement toward profitability, but its stock still tanked in after-hours trading. (Bloomberg) The company partially blamed the stubborn losses on the higher price o ...
Morning Media Newsfeed Warner Bros. Discovery Plans Fresh Cost Cuts, Hike in Max Price By mstenberg on May. 9, 2024 - 7:57 AM Warner Bros. Discovery CEO David Zaslav ordered his lieutenants to find additional opportunities for cost-cutting in order to hit financial targets for the next couple of years. (Bloomberg)
Morning Media Newsfeed Refinery29’s New Owner Plans to Cover Sports, Buy More Media Companies By mstenberg on May. 9, 2024 - 7:56 AM Sundial Group, parent of Essence magazine, is laying the groundwork to acquire more publishers, weeks after it agreed to buy Vice Media’s women’s lifestyle site, Refinery29. (WSJ)
Morning Media Newsfeed Google’s SEO Update Brings Bad News for Most News Publishers By mstenberg on May. 9, 2024 - 7:55 AM The update to Google’s core algorithm, launched March 6, has led to a decline in the search visibility of news publishers. Of 70 tracked by Press Gazette, all but 15 saw falls in their visibility score. (Press Gazette)
Morning Media Newsfeed SXSW Festival to Expand With Launch of London Edition By mstenberg on May. 9, 2024 - 7:54 AM The South by Southwest festival, held annually in Austin, Texas, will launch a European edition in London in June 2025. Penske Media took majority ownership of SXSW in 2021. (Variety)
Morning Media Newsfeed Meet AdVon, the AI-Powered Content Monster Infecting the Media Industry By mstenberg on May. 9, 2024 - 7:53 AM AdVon, the artificial intelligence company behind Sports Illustrated’s fake writers, has developed a large presence among a number of prominent publications. (Futurism)
Morning Media Newsfeed Disney, Walmart Team Up for Enhanced Targeting, Measurement Across Streaming By mstenberg on May. 9, 2024 - 7:52 AM Disney Advertising struck a deal with Walmart Connect that allows advertisers to target Disney’s streaming portfolio, including Disney+ and Hulu, using Walmart’s shopper data. (ADWEEK)
Morning Media Newsfeed Media CEOs See Pay Skyrocket Despite Terrible Year for Industry By mstenberg on May. 9, 2024 - 7:51 AM The majority of the 12 top executives whose compensation packages are surveyed received pay increases in 2023. (Variety)