Top News:
Ben Fischer / New York Business Journal:
The Onion to launch Clickhole.com to satirize viral sites like BuzzFeed and Upworthy — Finally! The Onion is taking on BuzzFeed and Upworthy on their turf. — This June the satire site — stuck for now in the hopelessly 20th century business of spoofing reported, written news articles — will launch Clickhole.com.
Discussion:
Gawker, FishbowlNY, VentureBeat, TechCrunch, @zhongnanhai, @joshuatopolsky, Tubefilter and New York Magazine
Peter Kafka / Re/code:
Twitter and TV Working Just Fine, Says Twitter — Yesterday, after a top TV executive lobbed a bomb at Twitter's TV pitch, Twitter executives kept quiet. — But Twitter CEO Dick Costolo knew he'd get asked about NBC* research chief Alan Wurtzel's “Emperor has no clothes” comments today during his earnings call.
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Alex Wilhelm / TechCrunch:
Twitter Beats In Q1 With $250M In Revenue And Picks Up 14M New Monthly Active Users
Discussion:
Forbes, Mashable, RT, Business Insider, Softpedia News, @fmanjoo, New York Times, broadstuff, AdAge, Gigaom, Pocket-lint, Forbes, MarketWatch, Gawker, Marketing Land, VatorNews, ZDNet, The Wrap, @papadimitriou, The Next Web and @lukew
Mike Isaac / Re/code:
Twitter faces decelerating growth in active users and timeline views
Discussion:
@thestalwart, @tim, @jennydeluxe and Washington Post
Joe Pompeo / Capital New York:
Murdoch hints at News Corp. acquisitions — News Corp. chairman Rupert Murdoch is keen on making some additions to the publishing side of his media empire, which was formally split in half nearly a year ago. — “News Corp. is in the first sort of, transformational year,” …
Andrew Wallenstein / Variety:
Condé Nast to Launch New Digital Brand Aggregating Video — Variety among the news brands named as inaugural video partners for The Scene — Condé Nast Entertainment sees strength in numbers in the video space-even if that means mixing its high-class brands with those outside the company.
Discussion:
FishbowlNY, Folio, Wall Street Journal, AdAge and WWD Media Headlines
Scott Cendrowski / Fortune:
After years of piracy, Chinese video sites are sending $100M a year to US and UK studios — Hollywood's new friends: The Chinese — After years of rampant piracy, Chinese video sites are sending $100 million a year to U.S. and U.K. studios, while creating new fans in a country with 1.3 billion potential viewers.
RELATED:
Tom Wheeler / Official FCC Blog:
FCC Chairman Tom Wheeler defends net neutrality approach, seeks path to avoid years in court — Finding the Best Path Forward to Protect the Open Internet — I am a strong believer in the importance of an Open Internet. As President Obama has explained, “Preserving an Open Internet …
Discussion:
Variety, PandoDaily, Softpedia News, Consumerist, @aprilaser, @fcc, @byersalex, Re/code, Business Insider, @ddayen, Engadget, The Verge, @rafat and @karlbode
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Asif Shahzad / Associated Press:
Amnesty urges Pakistan to probe threats to media — ISLAMABAD (AP) — Pakistan should investigate threats to journalists and probe its military and intelligence agencies for stifling media freedoms, Amnesty International said Wednesday. Pakistani journalists often face threats …
Diana Reese / Al Jazeera America:
In small towns with local investment, print journalism is thriving — MARYVILLE, Mo. — Newspapers aren't dead yet. — Far from it in this town of 12,000 nestled among the rolling hills of northwestern Missouri, where the daily paper has returned to local ownership for the first time in decades …
Discussion:
@rosental and @niemanlab
Philip Galanes / New York Times:
A Conversation With Liz Smith, Gossip Columnist and Jess Cagle, Editorial Director of People Magazine — If you've ever found yourself intrigued by the meltdowns of Lindsay Lohan and Charlie Sheen, puzzled by Jennifer Aniston's seemingly endless difficulty in finding romantic bliss …
Discussion:
@cschweitz, @jordanbreal and @mrjesscagle
Joe Coscarelli / New York Magazine:
Harper's Publisher Rick MacArthur Quits Columbia Spectator Board Because the Internet — Harper's publisher John “Rick” MacArthur hates the internet. This we know. But seriously, this guy really hates the internet, rejecting the Columbia University student paper's plan to go “web-first” …
Discussion:
The New York Observer, College Media Matters and Wall Street Journal
John Jurgensen / Wall Street Journal:
‘Super Size Me’ Filmmaker Morgan Spurlock Inks Development Deal With AP — The filmmaker who made “Super Size Me” has teamed up with one of the world's largest news agencies. Morgan Spurlock and the Associated Press announced an agreement Tuesday that gives his production company …
Discussion:
Deadline.com, /Film and Capital New York
Nitasha Tiku / Gawker:
Whistleblower Claims Google Stole Money From Publishers Using Adsense — An anonymous individual claiming to be a former Google employee posted detailed allegations about the search giant on Pastebin today. The self-stylized whistleblower claimed that Google managers directly ordered employees …
Discussion:
Pastebin, CNET, The Next Web, Re/code and ZDNet
Lisa O'Carroll / Guardian:
Andy Coulson denies being told MI5 was monitoring William and Harry calls — Ex-NoW royal editor allegedly claimed he introduced his boss to a ‘spook’ who was eavesdropping on royal family, court hears — Andy Coulson has denied being told that MI5 was monitoring Prince William …
Ben Fox Rubin / Wall Street Journal:
IAC/InterActive Earnings Shrink Amid Media Segment Weakness — Media Company Posts Higher Expenses While Its Revenue Declined Slightly — IAC/InterActiveCorp. said its first-quarter profit shrank 33% as the company posted higher expenses and a slight decline in revenue, due in part to continued weakness in its media segment.
Ben Fox Rubin / Wall Street Journal:
Thomson Reuters Swings to Profit — Year-Earlier Period Included $247 Million Tax Expense; Revenue Falls 1.4% — Thomson Reuters Corp. swung to a first-quarter profit, but revenue edged down 1.4% as the financial data and news provider's core financial and risk business reported softer revenue.
Mark Sweney / Guardian:
BSkyB faces fall in subscribers as competition from BT and Netflix grows — Broadcaster predicted to suffer drop in sign-ups as analysts say growth in traditional TV business has stalled — BSkyB is facing its first fall in TV subscribers in 15 years as pressure mounts from rivals including BT and Netflix.
Discussion:
Financial Times, Digital TV Europe and MediaTel
Mark Sweney / Guardian:
BBC3 closure ‘not a foregone conclusion’, warns trustee — Richard Ayre says plan to move TV content online will be heavily scrutinised and questions remain over reaching younger viewers — The closure of the BBC3 TV channel is far from certain, one of the corporation's trustee's has warned …
Caroline O'Donovan / Nieman Journalism Lab:
Media economist Matthew Gentzkow: fixed costs of producing news remain high on the internet — Q&A: Clark Medal winner Matthew Gentzkow says the Internet hasn't changed news as much as we think — The Clark Medal is one of the most prestigious awards in all of academia, awarded to the …
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