Top News:
Ravi Somaiya / New York Times:
Months after a retracted UVA rape story that spurred lawsuits, Rolling Stone Managing Editor Will Dana is leaving — Will Dana, Rolling Stone's Managing Editor, to Depart — Will Dana, the managing editor of Rolling Stone, will leave the magazine, just months after a controversial article …
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Washington Post, Politico, Ad Age, Poynter, The New York Observer, Reuters, FishbowlNY, Talking Points Memo, NPR, bookforum.com, @erinmcpsu, Slate, msnbc.com, Hit & Run, Washington Times, @mlcalderone, Mashable, Guardian, New York Magazine, @jayrosen_nyu, Business Insider, The Huffington Post, Mediaite, Media Wire Daily, Hollywood Reporter and The Wrap
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Daniel Victor / New York Times:
Former University of Virginia Fraternity Members Sue Rolling Stone — The Phi Kappa Psi fraternity house at the University of Virginia in Charlottesville, Va. — Three former members of the Phi Kappa Psi fraternity at the University of Virginia filed a lawsuit against Rolling Stone …
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Sources: NBCUniversal close to investing $250M in BuzzFeed at a $1.5B valuation, also investing in Vox Media at a $850M valuation — NBCUniversal Poised to Make Big Investments in BuzzFeed and Vox Media — NBCUniversal is close to a deal to invest $250 million in BuzzFeed …
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Politico, The Awl, FishbowlNY, Media Wire Daily, Wall Street Journal, Variety, @mims, BGR, @edmundlee, Business Insider and The Huffington Post, Thanks:@brooksandy
Jasper Jackson / Guardian:
Guardian News & Media reports 20% increase in digital revenues to £82.1M YoY, losses down to £19.1M — Guardian and Observer publisher reduces losses as digital revenues rise — Guardian News & Media reports digital revenues rose 20% from £68.3m to £82.1m in the year to the end of March
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Press Gazette, Financial Times, Guardian, Mediatel and @alexgspence
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The New York Times Company:
Arthur Gregg Sulzberger Named Associate Editor — New York Times Executive Editor Dean Baquet announced that Arthur Gregg Sulzberger has been promoted to Associate Editor in a memo to staff. The memo follows: — Mapping Our Strategy: A.G. Sulzberger — Effective immediately, A.G. Sulzberger will be an Associate Editor.
Kristen Hare / Poynter:
There's a Facebook group to help journalists figure out their plan B — Last May, Russ Kendall learned that another friend and journalist had been laid off. Linda Epstein, McClatchy-Tribune Wire's senior photo editor for 15 years, would lose her job in July when the company shuttered its wire service.
Shalini Ramachandran / Wall Street Journal:
Former ‘Top Gear’ Hosts to Launch Series on Amazon — The controversial ex-hosts of the long-running British television show “Top Gear” are headed to Amazon.com Inc.'s Prime Instant Video service to create a new automotive series, people familiar with the matter said.
Discussion:
Guardian, The Wrap, Digiday, Thomson IR, TechCrunch, Variety, Business Insider, The Next Web, Fortune, Forbes and Engadget
Todd Spangler / Variety:
Time Warner Cable Misses Q2 Estimates, Hurt by Rising TV Programming Costs — Time Warner Cable, target of a pending takeover by John Malone-backed Charter Communications, posted revenue and earnings below analyst expectations for the second quarter of 2015 — even though the cable operator touted …
Discussion:
The Wrap, Home Media Magazine, Media & Entertainment, Bloomberg Business, Reuters and Wall Street Journal
Roger Yu / USA Today:
Gannett Q2: net income up 2.3% YoY to $53.3M, revenue down 8.7% to $727.1M — Gannett's Q2 income rises 2.3% on lower costs as revenue falls — Gannett (GCI), the new media company that was spun off from TEGNA (TGNA) last month, said Wednesday its second quarter net income rose 2.3% …
Timothy Heritage / Reuters:
Independent media battle on in Putin's Russia — Alexei Venediktov, one of Russia's most prominent journalists, does not go out without a bodyguard and does not answer mobile phone calls for fear of being tracked. — He has worried about security since someone left a chopping block …
Mike Masnick / Techdirt:
Study: Shutdown of Google News and other aggregators in Spain hurt news sites' traffic, ad revenue, and new and smaller publishers — Study Of Spain's ‘Google Tax’ On News Shows How Much Damage It Has Done — As you may recall, governments across Europe, generally at the behest …
Discussion:
@tolles
Haitham El-Tabei / Agence France-Presse:
Egypt court postpones Al-Jazeera retrial verdict — Cairo (AFP) - An Egyptian court postponed Thursday its verdict in the retrial of three Al-Jazeera journalists accused of supporting the banned Muslim Brotherhood, in a case that has sparked a global outcry.
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