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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 …
Discussion:
The Awl, Business Insider, New York Times, The Wrap, Politico, USA Today, bizjournals, Media Wire Daily, FishbowlNY, Tubefilter, Wall Street Journal, Variety, @mims, @edmundlee, @michaelroston, @jeffweiner, BGR and The Huffington Post, Thanks:@brooksandy
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, Poynter, Politico, Ad Age, Reuters, Associated Press, Guardian, iMediaEthics, Talking Points Memo, The New York Observer, Slate, msnbc.com, @erinmcpsu, @mlcalderone, FishbowlNY, bookforum.com, Hit & Run, Guardian, Mashable, Washington Times, New York Magazine, The Huffington Post, Mediaite, Business Insider, Hollywood Reporter, @jayrosen_nyu, Media Wire Daily and The Wrap
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Daniel Victor / New York Times:
Former University of Virginia Fraternity Members Sue Rolling Stone
Discussion:
Jezebel
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, London Evening Standard, Thomson IR, The Wrap, Digiday, Pocket-lint, Variety, @wsjspeakeasy, @shaliniwsj, TechCrunch, Tech Insider, The Next Web, Fortune, Forbes and Engadget
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Brendan James / International Business Times:
Gawker names John Cook temporary executive editor, Leah Beckmann editor-in-chief, Hamilton Nolan deputy editor — Exclusive: John Cook Named New Top Editor At Gawker After Resignations — John Cook will be stepping up to temporarily serve as executive editor at Gawker Media …
Discussion:
The Wrap, Business Insider, @deep_beige, @felixsalmon and Poynter
Lukas I. Alpert / Wall Street Journal:
Gannett ‘Aggressively Pursuing’ Large-Market Acquisitions, Says New CEO — Strategy follows completion of spinoff from company's broadcast unit — Gannett Co. 's new chief executive said Wednesday that the publishing company is aggressively pursuing acquisitions of large-market properties …
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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
Discussion:
Talking New Media, Financial Times, Mediatel, @alexgspence, Guardian, Press Gazette and The Huffington Post
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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, Ad Age, Home Media Magazine, Media & Entertainment, Reuters, Reuters, Bloomberg Business and Wall Street Journal
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.
Hollywood Reporter:
Relativity Media files for Chapter 11 bankruptcy; filing doesn't include sports and education divisions or joint venture with EuropaCorp. — Relativity Files for Chapter 11 Bankruptcy — The move comes after Relativity spent months searching for a new lender
Discussion:
Deadline
David Meyer / Politico:
Google asks French data protection authority CNIL to withdraw its order forcing right to be forgotten delistings to be applied globally — Google challenges global ‘right to be forgotten’ order — Don't make us apply European laws around the world, Google pleads.
Discussion:
Google Europe Blog, VentureBeat, Search Engine Land, Wall Street Journal, Guardian, The Verge and Fortune
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 …
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