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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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The Awl, New York Times, Politico, The Wrap, USA Today, FishbowlNY, Business Insider, bizjournals, Media Wire Daily, Tubefilter, Wall Street Journal, @jeffweiner, Variety, @mims, @edmundlee, @michaelroston, 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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Politico, Ad Age, Washington Post, Poynter, Reuters, Associated Press, Guardian, The New York Observer, FishbowlNY, Talking Points Memo, iMediaEthics, bookforum.com, Slate, msnbc.com, Washington Times, @erinmcpsu, @mlcalderone, Hit & Run, Guardian, Mashable, New York Magazine, Business Insider, The Huffington Post, Mediaite, @jayrosen_nyu, Hollywood Reporter, Media Wire Daily 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 …
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.
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Guardian, Thomson IR, The Wrap, Digiday, @wsjspeakeasy, @shaliniwsj, Variety, TechCrunch, Tech Insider, The Next Web, Fortune, Forbes and Engadget
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Financial Times:
Amazon pays $250m to sign departing Top Gear trio for new show — Matthew Garrahan in New York, Murad Ahmed and Henry Mance in London — Amazon has signed the departing presenters of BBC's Top Gear show in a blockbuster $250m deal, as internet groups continue to encroach on the terrain of traditional broadcasters.
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:
@felixsalmon and Poynter
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
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.
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.
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:
VentureBeat, Wall Street Journal, Guardian, The Verge and Fortune
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% …
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