News

Heavy-handed moves by The Washington Post's new publisher, Will Lewis, have alienated and angered some of its talented staff; a course correction is in order (Margaret Sullivan/The Guardian)

Mediagazer · last updated

Mediagazer: Heavy-handed moves by The Washington Post's new publisher, Will Lewis, have alienated and angered some of its talented staff; a course correction is in order (Margaret Sullivan/The Guardian)

Top News:

The Daily Beast:

In a company-wide email, G/O Media CEO Jim Spanfeller announces the sale of Gizmodo to European digital media company Keleops— ANOTHER ONE — The sale will keep the tech website's entire staff intact, G/O Media CEO Jim Spanfeller wrote in a company-wide memo obtained by The Daily Beast.
Discussion: Variety, MediaPost, Boing Boing, New York Times, The Wrap, Adweek, Talking Biz News, @danackerman, @asilbwrites, @jaycodon, @ernie@writing.exchange, @justinbaragona, @tomgara and @pkafka

Discussion:

Todd Spangler /
Variety: Tech-News Site Gizmodo Sold to European Media Firm Keleops, Which Says It Will Retain Entire Editorial Staff

Ray Schultz /
MediaPost: Gizmodo Is Sold To European Group

Rob Beschizza /
Boing Boing: Gizmodo, famed gadget blog, sold to French media company

Katie Robertson /
New York Times: Gizmodo Sold to European Media Company

Benjamin Lindsay /
The Wrap: G/O Media Sells Gizmodo to European Tech Media Company Keleops

Mark Stenberg /
Adweek: Gizmodo Acquired by French Media Firm Keleops

Chris Roush /
Talking Biz News: Tech news site Gizmodo sold to European company

Dan Ackerman /
@danackerman: As a former Editor-in-Chief of Gizmodo, despite the unknowns, this can't be anything but a positive for the amazing Giz staff. But now with the “G” and and the “O” of G/O Media gone, what will that company call itself?

Amanda Silberling /
@asilbwrites: was the O for onion, and if so, does that mean G/O Media is just / Media

Jacob Donnelly /
@jaycodon: Jalopnik, Kotaku, Quartz, The Root, and The Inventory are all that remain at G/O Media.

Ernie Smith /
@ernie@writing.exchange: The company known as G/O Media no longer owns G nor O. — https://www.thedailybeast.com/ ...

Justin Baragona /
@justinbaragona: NEW: G/O Media has just sold Gizmodo to European digital media company Keleops Media. Below is the memo to staff from Jim Spanfeller: [image]

Tom Gara /
@tomgara: All the prestigey newsrooms run by Brit editors, Axel Springer striding the digital landscape like a colossus, French guys buying Gizmodo - who has the courage to write the take we all need: the Europeans are simply better at news media, they posess a certain je ne sais quoi

The Guardian:

Heavy-handed moves by The Washington Post's new publisher, Will Lewis, have alienated and angered some of its talented staff; a course correction is in order— When Jeff Bezos bought the Washington Post in 2013, he said he wanted to give the storied but struggling newspaper the “runway” it needed to take off in the digital age.

Discussion:

Dan Froomkin /
Press Watch: Beware the Tory takeover of the Washington Post

Jay Rosen /
@jayrosen_nyu: The Washington Post should become “the first elite newsroom to abandon the both-sides and pox-on-both-your-houses reporting style and instead actively warn readers...” That's @froomkin's argument. He used to work for the Post. https://presswatchers.org/... [image]

Dan Froomkin /
@froomkin: The great @sulliview reports that publisher Will Lewis totally bombed on Monday.

Carrie Brown /
@brizzyc: “Journalists don't delude themselves that newsrooms are democracies; they know they don't get a vote. But successful newsrooms aren't dictatorships, either.”

Jay Rosen /
@jayrosen_nyc@threads.net: Read Margaret Sullivan on the lit fuse at the Washington Post. https://www.theguardian.com/ ...

Charlotte Klein /
Vanity Fair: “I Can't Sugarcoat It Anymore”: Will Lewis Bluntly Defends Washington Post Shake-Up

David Bauder /
Associated Press: With its top editor abruptly gone, The Washington Post grapples with a hastily announced restructure

David Folkenflik /
NPR: New CEO of ‘The Washington Post’ puts former colleagues in power

Jon Allsop /
Columbia Journalism Review: The Brits are coming. Again.

Alexandra Steigrad /
New York Post: Washington Post staffers clash with CEO at all-hands meeting after top editor exits: ‘Get with the program’

Ray Schultz /
MediaPost: ‘The Washington Post’ Shakeup: Exec Editor Buzbee Out Fox News: WaPo boss sounds alarm over dwindling audience in heated staff meeting: ‘People are not reading your stuff’

RELATED:
New York Times: A profile of Robert Winnett, the low-key, scoop-obsessed UK editor who will take charge of WaPo's newsroom this fall after 17 years at The Telegraph

Discussion:
Washington Post, @benmullin, @grynbaum, The Media Leader, Politico, The Desk, Press Gazette, Washington Post and The Guardian

Discussion:

Ben Mullin /
@benmullin: Rat Boy to The Post! Delightful man in the news profile by @grynbaum: https://www.nytimes.com/...

Michael M. Grynbaum /
@grynbaum: Here's my profile of @washingtonpost's low-key new editor, Robert Winnett, a Brit who loves scoops, avoids dinner parties and is virtually unknown in the U.S. https://www.nytimes.com/...

Jack Shafer /
Politico: The Rupert Murdoch-ization of the Washington Post

Charlotte Tobitt /
Press Gazette: Telegraph deputy of ten years Robert Winnett named Washington Post editor Washington Post: WaPo says Matt Murray will be Executive Editor until the US presidential election, after which Robert Winnett will take on the new role of Editor NOTUS: WaPo staffers say they are concerned that Will Lewis is trying to impose a new editorial vision without giving them clarity ahead of the contentious US election

Discussion:
@davew@mastodon.online, Poynter, Media Nation, @thesarahkelly, @hshaban, @charlottetklein, @brianstelter, @peltast@mstdn.ca, Mediaite, @karlbode.bsky.social, @indorfin.bsky.social, @gbbranstetter.bsky.social, @brianvastag@sciencemastodon …, Digital Journal, @samlitzinger@journa.host, @ChrisBoese@newsie.social, New York Times, MediaPost, Washington Post, @davidfolkenflik and Associated Press

Discussion:
@davew@mastodon.online: @Mediagazer Democracy dies in darkness isn't a slogan. It's their mission statement

Dan Kennedy /
Media Nation: Post notes: Buzbee's departure, diversity concerns and a squishy-soft profile

Hamza Shaban /
@hshaban: The Post's new leadership think they are telling naive staff the “hard truths” of revitalizing the news business. This posture is condescending and self-aggrandizing. In realty, new leaders are blaming journalists for the bad decisions of prior leaders, with no accountability

Hamza Shaban /
@hshaban: A really dark look at first reactions inside the Washington Post, and a taste of the new leadership style that is rejecting staff input and installing close allies and unknown outsiders in key positions. Implicit in all these big decisions is the approval of Jeff Bezos....

Charlotte Klein /
@charlottetklein: “We are losing large amounts of money. Your audience has halved in recent years. People are not reading your stuff. I can't sugarcoat it anymore,” WaPo CEO and publisher Will Lewis told staff Monday, amid a major leadership shakeup at the paper: https://www.vanityfair.com/...

Brian Stelter /
@brianstelter: Will Lewis “was also asked whether he had interviewed any diverse candidates or women to be the new executive editor but did not give a definitive answer, per several sources.” https://www.notus.org/...

Mike Sims /
@peltast@mstdn.ca: @Mediagazer I'm afraid they're angry because they have clarity, not because they don't. New WaPo editorial vision will be hard right nuttery, that's clear to the staff and they're rightfully concerned.

Alex Griffing /
Mediaite: 'Can't Sugarcoat It': Washington Post CEO And Staff Reportedly Throw Down in Fiery Meeting After EIC's Abrupt Exit

Karl Bode /
@karlbode.bsky.social: real journalism doesn't serve affluent brunchlords — they want cheaply produced distraction and engagement bait peppered with just enough real journalism to give their incompetence a veneer of seriousness [embedded post]

Gillian Branstetter /
@gbbranstetter.bsky.social: “I've got to do better” but not now I guess [embedded post]

Brian Vastag /
@brianvastag@sciencemastodon.com: Looks like my old workplace is turning into another media shitshow. Editor Sally Buzzbee was shit-canned on a Sunday night and a WSJ dude who's pals with the reich-wing publisher is now in charge. — A friend of mine who was a science editor at the Post recently left after just 18 months. …

Sam Litzinger /
@samlitzinger@journa.host: New Washington Post editor Matt Murray meets staff after abrupt Buzbee exit — “In his brief remarks, Murray did not share his specific editorial priorities, though he mentioned a few specific stories that will be top priorities for The Post, including the presidential election, Donald Trump and the trial facing Hunter Biden.” …

Chris Boese /
@ChrisBoese@newsie.social: Backlash from Cronies? Sure looks like it. — Washington Post Newsroom Reels From Sudden Editor Exit — Sally Buzbee, who has been editor of The Washington Post since 2021, chafed at a major reorganization by the newspaper's chief executive. — https://www.nytimes.com/...

New York Times:
Source: Will Lewis told Sally Buzbee she could run one of the new WaPo divisions, in what would've been an effective demotion for her; Buzbee chafed at the idea

Ray Schultz /
MediaPost: ‘Washington Post’ Shakeup: Exec Editor Buzbee Out

Washington Post:
A WaPo staff meeting to introduce new top editor Matt Murray turned contentious when staff questioned CEO William Lewis about Sally Buzbee's abrupt replacement

David Folkenflik /
@davidfolkenflik:

TechCrunch:

TuneIn partners with Discord, bringing TuneIn's full free live radio and podcast library to Discord's Activity app directory— Audio streaming service TuneIn is teaming up with Discord to bring free live radio to the platform. This is TuneIn's first collaboration with a social platform …

Discussion:
Sherri Hendrickson on LinkedIn, @buckwilson, @discord, RadioInsight and Richard Stern on LinkedIn

Discussion:

Sherri Hendrickson /
Sherri Hendrickson on LinkedIn: I'm thrilled to share something I've been working on for almost a year- TuneIn is now available for listening on Discord ! …

Buck /
@buckwilson: Excited and proud of the work our team has done to enable TuneIn and other such Apps to run in Discord. Just a reminder: you don't have to be in a Voice Call to launch it! @discord: There's a new way to listen to music, podcasts, and news with your friends. The newest Activity on Discord, TuneIn Radio & Podcasts, is now available! [image]

Lance Venta /
RadioInsight: TuneIn Launches Within Discord

Forbes:

Sources: TikTok accounts, including brands and celebrities like CNN and Paris Hilton, are getting hacked via a zero-day exploit that only requires opening a DM— The compromised accounts include CNN and Paris Hilton — and all users have to do to be hacked is open a DM, according to company sources.

Discussion:
Reuters, TechCrunch, BleepingComputer, Bloomberg, Gizmodo, Engadget, New York Post, @ebakerwhite, BGR, Wired and Tubefilter, more at Techmeme »

Discussion:

Matt Novak /
Gizmodo: Big Name TikTok Accounts Reportedly Hacked Via DMs

Lawrence Bonk /
Engadget: Malicious code has allegedly compromised TikTok accounts belonging to CNN and Paris Hilton

Ariel Zilber /
New York Post: Hackers break in to TikTok accounts belonging to Paris Hilton, CNN in ‘zero day’ attack

Emily Baker-White /
@ebakerwhite: Update: we've learned that an official Sony account has also been affected. https://www.forbes.com/...

Jacob Siegal /
BGR: TikTok warning: Your account can be hacked just by opening a DM

Dell Cameron /
Wired: TikTok Hack Targets ‘High-Profile’ Users via DMs

James Hale /
Tubefilter: Trump gets on TikTok

Axios:

The WSJ introduced a multimillion-dollar brand advertising campaign on June 3, its first major brand campaign in years, focused on broadening subscriber appeal— - This is the Journal's first major brand campaign in years. … - The campaign tagline, “It's Your Business,” is meant to …

Discussion:

Bron Maher /
Press Gazette: Guardian CEO Bateson ready to ‘do a deal’ with AI companies ‘on the right terms’

Eric Newcomer /
@ericnewcomer: @Kantrowitz i presume billboards are to get new readers @pressgazette: The Wall Street Journal is launching a major multi-million brand advertising campaign amid changes and layoffs in the newsroom. It's focused on broadening subscriber appeal to a wider set of professionals with the tagline “It's Your Business” https://www.axios.com/...

Samuel Scott /
@samueljscott: @sarafischer ... It always seems that the solution is every business problem is “More growth!” — even if that means diluting a strong brand with high pricing power to appeal to more people.

Chris Roush /
Talking Biz News: WSJ starts multi-million dollar ad campaign

John Podhoretz /
@jpodhoretz: Yeah. Terrible to try and get customers rather than continue to employ third-rate hacks.

Sara Fischer /
@sarafischer: NEW: @WSJ plans multi-million brand campaign amid newsroom changes — The campaign focuses on broadening the Journal's subscriber appeal to a wider set of business professionals, not just a small subset of finance investors or C-suite executives More on @axios

Alex Kantrowitz /
@kantrowitz: WSJ has been doing rolling layoffs of journalists this year and now is doing a multi-million dollar brand campaign including billboards, TikTok and “high impact digital signs.” C'mon. https://www.axios.com/... [image] @bobbybigwheel: Ask a political operative what they would do if a candidate told them they wanted to lay off staff so they could pay for more billboards @stevenjduffield: In other words, they're looking to dumb it down with trendy topics, not the subjects that cause people to subscribe to the WSJ. Less serious news; more opinion disguised as news. [image]

Matt Rosoff /
@mattrosoff: Huh. Hard to think of a business brand that has wider appeal and recognition.

Variety:

WBD increases the price for Max's ad-free version from $15.99 to $16.99 per month and the Ultimate ad-free tier from $19.99 to $20.99 per month— Warner Bros. Discovery has increased the price for its ad-free versions of streamer Max just ahead of HBO's “House of the Dragon” Season 2 premiere on June 16.

Discussion:

Emma Roth /
The Verge: Max raises prices across its ad-free plans

Bevin Fletcher /
StreamTV Insider: Warner Bros. Discovery increases prices for ad-free Max subscriptions

Matthew Keys /
The Desk: Max rolls out price increase on ad-free tiers of service

Etan Vlessing /
The Hollywood Reporter: Max Raises Price for Ad-Free Subscriber Tier

Christi Carras /
Los Angeles Times: Warner Bros. Discovery is raising Max prices. Here's how much it'll cost you

Brandon Schreur /
ComingSoon.net: Max Price Increase Announced for Ad-Free Tiers

Denise Petski /
Deadline: Max Hikes Prices For Ad-Free Plans Effective Immediately

Matt Tamanini /
The Streamable: Warner Bros. Discovery Announces Max Price Increase, But It Won't Apply to All Subscribers

Sara Fischer /
@sarafischer: 🤑 Summer stream-flation https://www.axios.com/... #axiosmediatrends [image]

Lucas Manfredi /
The Wrap: Max Hikes Prices on Ad-Free Tiers @variety: Existing subscribers will be notified 30 days in advance of their plan renewing and see price increases starting from their next billing cycle on or after July 4. The ad-supported price remains the same at $9.99/month or $99.99/year. https://variety.com/...

Samantha Bergeson /
IndieWire: The Max Price Increase Is Here, Just in Time for ‘House of the Dragon’ Season 2

Joe Flint /
@jbflint: Stating the obvious but goal here is to get more subscribers to drop ad-free and sign up for lower price commercial version of platform. Me, I'll pay the extra $1.

Lawrence Bonk /
Engadget: Max just raised subscription prices again

Ryan Schwartz /
TVLine: Max Is Raising Prices, Effective Immediately — How Much It'll Cost to Stream Without Ads

Erik Gruenwedel /
Media Play News: Max Streaming Service Raising Subscription Prices

Phil Nickinson /
Digital Trends: The ad-free options for Max are getting more expensive

Jordan Valinsky /
CNN: Spotify is hiking its prices again

Press Gazette:

ITN signs a deal with OpenOrigins to protect its video archive from AI and license content; videos will be validated and secured using blockchain tech— Broadcast news production company ITN has become the first UK news organisation to announce a deal seeking to safeguard its archive from the threat of AI.

Discussion:

Brecht Declercq /
Brecht Declercq on LinkedIn: #Fakenews sources often piggyback on the #credibility that reputable news channels have painstakingly established over the years. …

Zaffrin O'Sullivan /
Zaffrin O'Sullivan on LinkedIn: Many of you know that I joined ITN earlier in the year, stepping into my first General Counsel role. …

Tami Hoffman /
Tami Hoffman on LinkedIn: Finally able to share details of a new ITN partnership with OpenOrigins to protect our historic archive of news footage. … @endersanalysis: Rachel Corp, CEO, @ITN - Today I can announce an exclusive partnership with a company called OpenOrigins, to anchor our archive and give a link to every video we have, linked to blockchain, for verification @MediaTelco2024 [image]

Max Goldbart /
Deadline: UK News Networks Will Not Be Able To Counter Deepfakes On General Election Day, Says Head Of ITN

New York Times:

Sean Combs has sold his majority stake in Revolt, the media company he founded; the largest shareholder group of the company is now made up of employees— After a wave of lawsuits accusing Mr. Combs of sexual assault, the two are “completely separated and dissociated from each other,” the company's chief executive said.

Discussion:

Ethan Shanfeld /
Variety: Sean ‘Diddy’ Combs Sells Majority Stake in Revolt as Employees Become Largest Shareholder Group of the Media Company

Alexandra Steigrad /
New York Post: Sean ‘Diddy’ Combs sells stake in Revolt — a company he founded — amid alleged sex assaults

Jordan Hart /
Business Insider: Sean ‘Diddy’ Combs sells off his entire stake in Revolt, the media company he founded

Janelle Griffith /
NBC Bay Area: Sean Combs sells stake in Revolt, media company he founded

Dylan Smith /
Digital Music News: Breaking: Diddy Relinquishes Ownership Stake In Revolt Amid Continued Controversies — Employees Are Poised to Become the ‘Largest Shareholder Group’

Andre Woolery /
Andre Woolery on LinkedIn: Today is a momentous day. REVOLT, a Black-owned media empire is now majority EMPLOYEE OWNED. I'll say it again so it can sink in …

CNBC:

Paramount leadership presents a plan that includes job cuts, a potential streaming JV, and divesting non-core assets if a sale of the company doesn't happen— The current leadership of Paramount Global presented a go-forward plan at the company's annual shareholder meeting Tuesday in the event a sale of the company doesn't happen.

Discussion:

Rachel Curry /
Observer: Paramount Skirts Anticipated Merger Announcement with David Ellison's Skydance Media Financial Times: Shari Redstone leaves investors guessing as Paramount and Skydance agree merger terms

Lauren Hirsch /
@laurenshirsch: Tidbit w @BenMullin Paramount has moved tomorrow's employee town hall to June 25. $para “Given the ongoing speculation regarding potential M&A, we want to be able to speak to you with as much candor and transparency as possible. By moving the date, our hope is to do just that”

Alexandra Canal /
@allie_canal: Shari Redstone says she recognizes the CEO office is not traditional but is “confident” that the structure will enable the execs “to move quickly to implement best practices throughout the company”

Etan Vlessing /
The Hollywood Reporter: Paramount Leaders Unveil “Shared Vision” Amid Takeover Offer

Alex Sherman /
Alex Sherman on LinkedIn: Paramount Global controlling shareholder Shari Redstone has a deal in front of her to merge Paramount with Skydance Media .... …

Sahil Patel /
The Information: Paramount Leaders Outline Plan to Cut Costs, Explore Streaming Joint Ventures

Dawn Chmielewski /
Reuters: Paramount Global's co-CEOs to lay out strategy for shareholders

Richard King /
Richard King on LinkedIn: It's sad to see these stalwarts of American pop culture on the precipice of financial ruin. Paramount was founded in 1912....has $14 billion in debt …

Alex Sherman /
@sherman4949: Paramount Global's current leadership will unveil three strategic pillars: *Explore a JV with Paramount+ *Cut $500m in costs including job cuts *Divest non-core assets All done with attention on returning company to investment grade rating

Sara Fischer /
Axios: Paramount mulls streaming JV, job cuts as merger talks loom

Alexandra Canal /
@allie_canal: The CEO office did not comment on deal speculation but did announce $500M in cost savings: - Prepared to move ‘quickly’ on cost reductions - Targeting real estate, marketing, technology & other corp. categories - ‘Just the beginning’ of cost reductions

Chris Morris /
Fast Company: After months of talks, Paramount and Skydance have reportedly agreed to a merger

Dow Jones Newswires:

Canada's broadcast regulator orders foreign streaming services with C$25M+ in sales to contribute 5% of Canadian sales to help fund local content from Sept. 1— OTTAWA—Canada's broadcast regulator on Tuesday said foreign streaming services like Netflix, Disney+, Spotify and Amazon Prime Video …

Discussion:
The Hollywood Reporter, CBC News, @jackshafer, Reuters and Media Play News

Discussion:

Etan Vlessing /
The Hollywood Reporter: Streaming Giants Ordered By Canadian Regulator to Pay for More Local Movie and TV Content

Jack Shafer /
@jackshafer: “Audio streaming services operate on thin margins and 5% of revenue will have a major impact that will result in either exiting the market or sharp increases to consumer prices,” said Michael Geist, an internet-law professor at the University of Ottawa.

David Ljunggren /
Reuters: Canada says online streaming services must hand over 5% of their domestic revenues

Axios:

CNN has started testing a registration wall that requires users to create an account or log in after they've read around 10 articles in a day— CNN has begun testing an expanded registration wall that requires heavy site users to create an account with a username and password …

Discussion:
@jackmarshall, @davidclinchnews and

Discussion:

Jack Marshall /
@jackmarshall: The real news around moves like this is why so late to the party on basic and established digital publishing tactics. Welcome to 2021!

David Clinch /
@davidclinchnews: “The registration gateway doesn't require payment, but it gives CNN access to first-party data that it could use to improve its ad products or eventually sell subscriptions.” Scoop: CNN's data push https://www.axios.com/... #MediaRevenue

The Information:

Sources: Apple was in talks last year to debut Apple TV+ in China via a deal with China Mobile, which would make it the only US video streaming service in China— Apple was in talks last year to launch its Apple TV+ video streaming service in China via a deal with China Mobile …

Discussion:
@waynema, AppleInsider, @scotian.bsky.social, 9to5Mac and @niubi, more at Techmeme »

Discussion:

Wayne Ma /
@waynema: Apple held talks last year with China Mobile to launch Apple TV+ in the country. If successful, it would be the only U.S. streaming service in China, though unclear if it will ever come to Chinese iPhones. Check out my latest scoop for @theinformation https://www.theinformation.com/ ...

William Gallagher /
AppleInsider: Apple TV+ tries to become the first US streamer in China @scotian.bsky.social: wasn't this around the time they canned Jon Stewart for going hard on China? [embedded post]

Benjamin Mayo /
9to5Mac: Apple held talks to launch Apple TV+ in China, would become the only US streaming service to be available in the region

Bill Bishop /
@niubi: Would require lots of censorship, in China and globally

Bloomberg:

Antenna: Spotify users are the least likely to cancel among major video or audio streaming services in the US, with a ~2% monthly churn rate, similar to Netflix— Its customers are the least likely to cancel among major video or audio streaming services. — Good afternoon from Chicago …

Discussion:
Inside Radio, Deadline, Sara G. Walker on LinkedIn, Music Ally, @lucas_shaw, The Information

Discussion:

Sara G. Walker /
Sara G. Walker on LinkedIn: “Netflix is the biggest paid streaming company by just about every metric. Its biggest competitor, as measured by customer loyalty, isn't another video service. …

Lucas Shaw /
@lucas_shaw: Spotify announced it is raising prices, as we first reported it would a couple months ago. Get ready for Spotify to raise prices regularly in the coming years. (As Netflix has in video.)

Lucas Shaw /
@lucas_shaw: People don't switch from one audio service to another. That happens ALL THE TIME in video, where people cancel and resubscribe depending on new shows. But that doesn't exist with audio, where every service offers a similar product. [image]

Martin Peers /
The Information: Spotify's Price Rise Makes Apple Music More Appealing

RELATED:

The Verge:
Spotify plans to raise US prices: Premium from $10.99 to $11.99 per month, Duo from $14.99 to $16.99, and Family from $16.99 to $19.99, after a July 2023 hike

Discussion:
Spotify, @ccm_brett, The Hill, @radnorcapital, @film_girl, 9to5Google, @alexweprin, @tomwarren, The Hollywood Reporter, Engadget, The Desk, Variety, CBS News, Gizmodo, The Media Leader, Bloomberg, Micah Willbrand on LinkedIn, CNBC, Digital Trends, KTVX-TV, The Wrap, Music Ally, 9to5Mac and TechCrunch

Discussion:

Brett /
@ccm_brett: Spotify continues to gain market share on Apple Music and Amazon Music How important will YouTube Music be over the next five years? $SPOT [image] @radnorcapital: Spotify $SPOT is raising prices again in the US and the stock is up ~5%. Individual +$1 or +9% to $11.99, Duo +$2 or +13% to $16.99 and Family Plan +$3 or +18% $19.99. Given the stock reaction, this move was likely sooner and/or larger vs. expectations. At the risk of stating

Christina Warren /
@film_girl: Honestly, I'm going to have to consider charging the people who squat on my Spotify Family plan rent b/c this is like a $50 a year increase. Which is small but also WTAF. https://www.theverge.com/...

Ben Schoon /
9to5Google: Spotify is raising prices in the US; $12 for single accounts, $20 for Family

Alex Weprin /
@alexweprin: The price of individual plans is going up by $1 a month. Family plans? $3 a month.

Tom Warren /
@tomwarren: Spotify is increasing its US prices again. Premium, Duo, and Family plans are all getting price hikes — the second in one year https://www.theverge.com/...

Alex Weprin /
The Hollywood Reporter: Spotify Hikes Prices of Premium Plans Again as Streaming Inflation Continues

Sarah Fielding /
Engadget: Spotify is raising the cost of Premium subscriptions, again

Matthew Keys /
The Desk: Spotify to raise prices on Premium, Duo and Family plans

Todd Spangler /
Variety: Spotify Raises U.S. Prices of Premium Streaming Plans for Second Time in One Year

Khristopher J. Brooks /
CBS News: Spotify hikes price of memberships as it seeks to drive profits

Dua Rashid /
Gizmodo: Spotify Is Raising Prices Yet Again

Sabrina Quagliozzi /
The Media Leader: Spotify hits users with another price hike in less than a year

Ashley Carman /
Bloomberg: Spotify Shares Jump on US Price Increase

Micah Willbrand /
Micah Willbrand on LinkedIn: Have talked a bit on food costs but not it's time for streaming chats. — Fascinating that a company which eliminated 20% of it's work force …

Ashley Capoot /
CNBC: Spotify raises prices of premium subscription plans

Phil Nickinson /
Digital Trends: Spotify is getting more expensive, again

Natalie Korach /
The Wrap: Spotify Raises Premium Plan Price for US Subscribers by 20%

Stuart Dredge /
Music Ally: Spotify raises its subscription prices in the US again

Benjamin Mayo /

Related Knowledge Center: Climate economics

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Climate change is now a driver of the world’s economy. The impact is profound:

  • Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
  • Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
  • Investment in carbon capture and storage technologies is increasingly rapidly.
  • Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases. 

On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”

More informationabout Climate economics