The TLDR powered by Barstool Sports highlights some of the biggest stories and trends Barstool execs and insiders (including?Erika Ayers) are keeping an eye on in the world of sports, media & tech. The newsletter is carefully curated by?Tyler Morin?and drops every Monday morning.
Today's TLDR reflects the week beginning May 8th.
- Bankruptcy judge blocks Phoenix Suns' deal to switch from Diamond Sports' RSN to Gray Television and Kiswe streaming for regular season NBA games. Read >
- Jomboy Media lays off approximately 10% of its 60-plus person staff, as reported by insiders. Read >
- Manchester United shares decline 10% amid reports suggesting a full sale of the soccer club is less probable. Read >
- Aramark reaches an agreement to sell 50% equity in the San Antonio Spurs for around $100 million. Read >
- Tucker Carlson announces relaunching his Fox show on Twitter, while Elon Musk denies any signed deal with the social network. Read >
- News Corp surpasses Q3 revenue estimates with a 2% YoY decline to $2.45B, net income down 43% YoY to $59M, and news media revenue down 3% YoY to $563M. Read >
- The Athletic's writer-hosted live rooms provide two-way audio platforms for beat reporters to engage in postgame conversations with subscribers. Read >
- The New York Times reports Q1 revenue increase of 4% YoY to $560.7M, digital subscribers rise 8% YoY to 9.73M, and print subscribers decline 9% YoY to 710K. Read >
- BuzzFeed records Q1 revenue decline of 27% YoY to $67.2M and net loss decrease of 19% YoY to $36.3M. CEO Jonah Peretti focuses on AI experiments and collaboration with creators. Read >
- MTV News shuts down as part of the restructuring by Showtime, MTV Entertainment Studios, and Paramount Media, leading to ~25% staff reduction after Paramount+ rebranding. Read >
- Fox reports Q3 revenue increase of 18% YoY to $4.08B and $50M net loss, primarily due to the Dominion settlement. Ad revenue rises 43% YoY to $1.88B, boosted by the Super Bowl. Read >
- Linda Yaccarino, former NBCUniversal advertising chief, named Twitter's next CEO. Read >
- Meta introduces AI Sandbox for advertisers, offering generative AI tools for text variations, background images, and cropped images. Read >
- Bluesky's mobile downloads surge by 606% in April 2023 to 628K, with Android and iOS app availability. Mastodon records 90K downloads. Read >
- Twitter launches encrypted DMs exclusively for Blue subscribers, with limitations on group messages and message metadata encryption. Read >
- Google previews "Search Generative Experience," using AI to summarize information from the web in response to search queries. Read >
- TikTok Shop launch in the US delayed to June 2023 or later, due to merchant attraction challenges in 2022. Read >
- American Psychological Association issues its first health advisory on social media, stating its impact is not inherently positive or negative for young people. Read >
- Twitter enables threaded replies in DMs and expands emoji reactions with a new emoji picker. Read >
- Meta tests performance-based payments for public Reels and plans to extend payouts to Instagram creators soon. Read >
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Senior Partnership Alliance Executive at the Millennium Alliance
1 年Super excited to see this. Great idea!