Top News:
Dan Primack / Fortune:
Mobile news app Circa seeking a buyer after failing to secure a new round of venture funding — Exclusive: News app Circa is seeking a buyer — Mobile news app Circa is seeking a buyer after failing to secure a new round of venture capital funding, Fortune has learned.
Discussion:
@margarita, @mikeisaac, Wall Street Journal, @davidclinchnews, @rosental, @rafat, @ajs, @danprimack and @bronwen
Grooveshark:
Grooveshark ceases operations as a result of settlement with major record companies, offers apology — Today we are shutting down — Today we are shutting down Grooveshark. We started out nearly ten years ago with the goal of helping fans share and discover music.
Discussion:
New York Times, VentureBeat, Ars Technica, @mikeisaac, Los Angeles Times, Variety, The Next Web, Business Insider, Re/code and Lifehacker
Peter Hobson / The Moscow Times:
Sanoma sells United Press, publisher of Moscow Times, to former Kommersant chief executive, also sells minority stake in Vedomosti — Russian Businessman Buys The Moscow Times — Finnish media group Sanoma said Thursday it would sell The Moscow Times to a Russian businessman …
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Ilya Khrennikov / Bloomberg Business:
News Corp., Pearson Face Russia Decision Under Putin Laws — News Corp. and Pearson Plc, the publishers that control Russia's Vedomosti newspaper, must decide in the months ahead whether to adhere to new rules under President Vladimir Putin that restrict their ownership or exit the country.
Discussion:
Reuters and New York Times
Emily Bell / Columbia Journalism Review:
Publishers partnering with Google and Facebook should beware of tech companies' control over content — Google and Facebook are our frenemy. Beware. — Google, Facebook, Twitter and any other social platform you care to name would at one time have gone to the corporate stake to defend …
Jeremy Barr / Capital New York:
Vox Media announces it's offering its CMS, Chorus, to advertisers, partnering with agency DigitasLBi, and unveils plans for video series — Vox Media begins to monetize its ‘magical’ content platform — Chorus, Vox Media's content platform and analytics system, has long been considered …
Discussion:
AdAge, The Wrap, @mmasnick, @raju, @voxproduct, @jeffjarvis, @fmanjoo and @clockwerks
Richard Sandomir / New York Times:
NFL secured agreements with CBS, Fox and NBC to prevent reporters from tipping draft picks in advance on social media — Good N.F.L. Draft Show or Good Journalism? League Makes Its Choice Clear — The N.F.L. draft should feel like Christmas for Adam Schefter of ESPN …
Discussion:
Poynter, The Big Lead, @jayrosen_nyu, Bleacher Report, @dangillmor, @steve_tornio, @agoot18, @bernardsimon, @fmanjoo, Forbes and Awful Announcing
Joan E. Solsman / CNET:
Hulu has 9M paid subscribers, up 50% since last year, with viewers streaming 30% more content on average — Hulu closes in on 9 million paid subscribers — The television-streaming site's members are up 50 percent since last year, CEO Mike Hopkins said, with each subscriber watching more video on average.
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Ravi Somaiya / New York Times:
New York Times Q1: $14M net loss, 47K new digital subscribers, total revenue down 1.6% to $384M — New York Times Co. Reports Loss as Print Ads Decline — The New York Times Company posted a $14 million net loss for the first quarter of 2015 as lucrative print advertising suffered a sharp drop-off.
Dylan Byers / Politico:
Daily Caller News Foundation hires Mark Tapscott, executive editor of the Washington Examiner, and two of its reporters — Daily Caller nabs Examiner's executive editor — The Daily Caller News Foundation, the 501(c)(3)-arm of the conservative media company, has hired the executive editor …
Variety:
Variety Expands to Silicon Valley with Hire of Janko Roettgers — Variety, owned by Penske Media Corporation, announced today its first-ever editorial hire based in Silicon Valley, a recognition of the ever-increasing importance of technology in the entertainment business.
Discussion:
@joshconstine, @jank0, FishbowlNY, @awallenstein and Medium
Gerry Smith / Bloomberg Business:
TWC Q1 misses on revenue with $5.78B, adds 30K cable subscribers, sees programming expenses climb 8.4% to $1.42B — Time Warner Cable Earnings Fall Short as Comcast Deal Ends … Time Warner Cable Inc., whose merger with Comcast Corp. was called off last week, posted first-quarter profit …
Discussion:
Wall Street Journal, New York Times, @pkafka, Reuters, Reuters, @peterlattman, New York Times, USA Today, Variety and Business Insider
Brad Reed / BGR:
Comcast is working on its own online video service that it thinks can rival YouTube — Comcast's proposed merger with Time Warner Cable went down in flames, so what is it planning to do now? According to The Information, it's going to make a big move to create its own online video service to compete with YouTube.
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