Top News:


Sources: Re/code valued at $15-20M in Vox deal, which was based on Vox's November valuation of $380M; Re/code projected to generate revenues of $12M this year — Why Re/code, an 18-month-old tech news startup, really sold to Vox — even though it was generating $12 million
Discussion:
USA Today, @tomstandage, @nereidadin, @fmanjoo, @davidfolkenflik, @nichcarlson, @neilcybart, @readdanwrite and @rafat

Global newspaper circulation revenue $92B and advertising revenue $87B in 2014, the first time circulation revenue exceeded ad revenue this century — World Press Trends: Newspaper Revenues Shift To New Sources — A profound shift in the newspaper business model, evolving for years, is finally here.
Discussion:
Poynter and World News Publishing Focus …
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Global newspaper readership falls more than 25% in four years
Discussion:
Fortune, Quartz, ZenithOptimedia and @johnrobinson


Millennials, Generation Xers, and Baby Boomers trust about four-in-ten sources they have heard of and distrust about two-in-ten overall — Millennials and Political News — Social Media - the Local TV for the Next Generation? — When it comes to where younger Americans get news …
Discussion:
Journalism.org, The Huffington Post, Fortune, Variety, The Awl, Baltimore Sun, The Verge, GeekWire, Talking Points Memo, SocialTimes, FishbowlDC, OnPolitics, Adweek and TVSpy
RELATED:

Pew report: 61% of millennials got their political news from Facebook in the last week, 37% from local television
Discussion:
Nieman Lab, Journalism.org, Mashable, Broadcasting & Cable, CNNMoney, Pew Research Center, @hemartin, @mathewi, @hadas_gold, @tomgara, @robertcaruso and @sunny_hundal

WAN-IFRA calls for greater protection for journalists, says at least 1,127 have been killed on the job since 1992 — Press Freedom Resolution: Safety of Journalists — The Board of the World Association of Newspapers and News Publishers (WAN-IFRA), meeting on 31 May in Washington D.C. during …
Discussion:
The Hindu, philstar.com, Graphic Online, Indian Television Dot Com and Press Gazette


Leaked contract shows SoundCloud may pay about 22% royalties to publishers, is preparing to roll out two premium tiers, one with downloadable songs and no ads — Leaked Contract Shows SoundCloud's Plans For Ad-Free Subscriptions And Paying Labels — SoundCloud is desperately trying …
Discussion:
Digital Music News

City AM Editor David Hellier may be pushed out as the paper debates political stance and looks for profit — City AM editor on brink of leaving paper — The editor of City AM is on the brink of leaving the business newspaper, less than a year after being appointed to the role.


US e-book sales drop 6% in 2014 to 223M, down from 240M in 2013 — US e-book sales down 6% in 2014 — E-book sales in the US declined by 6% in 2014 compared to the year before, statistics released by Nielsen show. — Information presented at BookExpo America and derived from PubTrack Digital …


PopSugar launches PopSugar Latina, blog vertical aimed at Latina millennials — PopSugar Launches Blog Vertical for Latina Millennials (Exclusive) — PopSugar, the heavily trafficked blog network for millennial females, rolled out a new Latina vertical on Monday.


Mashable Taps Reality TV Veteran to Head Video Division — In yet another example of an editorial company turning to the potentially lucrative branded video business, Mashable has tapped a reality television veteran to heads its new Mashable Studios division.
Discussion:
PRWeb, FishbowlNY, Capital New York, @jessicaplautz and @niemanlab


Apple expected to announce $10 a month music streaming service at WWDC, will offer curated channels, in talks with Q-Tip, Drake, and Dr. Dre to host — Apple to Take On Spotify With New Streaming Services — Music subscription to cost $10 a month; augmented Internet radio will have DJs


Bob Berney Joins Amazon Studios as Head of Movie Distribution and Marketing; Albert Cheng Named COO — Bob Berney and Albert Cheng joined Amazon Studios on Monday in key roles: Berney will be head of Movie Distribution and Marketing, while Cheng hops aboard as COO.
Discussion:
Re/code, Variety, Hollywood Reporter and Broadcasting & Cable


Charlie Rose to Receive 2015 Cronkite Award — CBS This Morning co-host Charlie Rose has been named the 2015 recipient of the Walter Cronkite Award for Excellence in Journalism, Arizona State University announced today. \"For the past 40 years, Charlie Rose has asked the tough questions …
Discussion:
Broadcasting & Cable


Bloomberg Relaunches Pursuits Magazine — When Emma Rosenblum was promoted to editor in chief of Bloomberg Pursuits in January, she told WWD that she wanted to make the magazine “aspirational without being lame.” — From a glass conference room in Bloomberg's New York headquarters …
Discussion:
FishbowlNY and Media Wire Daily, Thanks:@amandabcowie