Top News:
Peter Kafka / Re/code:
Sources: Axel Springer within weeks of closing deal for full control of Business Insider, valuing it about $560M — Axel Springer Wants to Buy Business Insider for Around $560 Million — German publishing giant Axel Springer is closing in on buying Business Insider …
Discussion:
USA Today, Financial Times, Quartz, Fortune, Politico, @ckrewson, @danroth, @jimwaterson, @mathewi, @mims, @brianstelter, @ritholtz, @colinmorrisonuk, @ejpfauth, @pjozefak, The Wrap, MediaPost, @edmundlee, @jmcduling, @vb2b, @sub8u, @rafat, @profjeffjarvis, @howardlindzon, @mikeisaac and PE Hub Blog
Peter Kafka / Re/code:
Complex, a network of pop culture magazines, raises $21M from Hearst — Another Old Media-New Media Bet: Hearst Invests $21 Million in Dude-Centric Complex — Big media companies have lots of cash. But they're worried that won't help them if they can't find new audiences.
Discussion:
CNNMoney, Folio, FishbowlNY, Ad Age, Media Wire Daily, Variety, Crain's New York and WWD
Rick Edmonds / Poynter:
Tribune Publishing pleads its case with investors; share price falls further — Tribune Publishing hosted a brief “investor update” call Tuesday, making more explicit its earlier statements that the Los Angeles Times was under-performing financially and dragging down company-wide results.
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Devon Maloney / Jezebel:
Why I Quit My Dream Newspaper Job After Four Months
Discussion:
@jairuskhan, @dynamofire, @jbenton, @dynamofire, @eve_barlow, @stevebuttry, @jezebel, LA Observed and @moorehn
Rick Edmonds / Poynter:
Tribune Publishing shares plummet 20 percent after company adjusts its 2015 forecast downward
Discussion:
Politico, CNN, JIMROMENESKO.COM, The Wrap and FishbowlNY
Re/code:
Netflix-like e-book subscription service Oyster to shut down; part of team moving to Google Play Books, including CEO and co-founders according to sources — Oyster, a Netflix for Books, Is Shutting Down. But Most of Its Team Is Heading to Google. — Oyster, a company that provides …
Discussion:
CNET, Fortune, @khoi, Slate, @taylorlorenz, Consumerist, VatorNews, SlashGear, @kaetrin67, @sdkstl, 9to5Google, Publishers Weekly, TechCrunch, @sabrina, Engadget, The Verge, New York Times, The Next Web, @pmarca, @laurahazardowen, Business Insider, @mikeisaac, Bookseller News and Forbes
Sophia Yan / CNNMoney:
New York Times not available in Thailand on Tuesday after local printer declines to print it because of sensitive story about country's monarchy — Why you can't find today's New York Times in Thailand — The international edition of The New York Times wasn't printed Tuesday in Thailand.
Discussion:
New York Times
Benjamin Mullin / Poynter:
Bloomberg editor-in-chief John Micklethwait announces global technology coverage reorganization under Brad Stone — Brad Stone, author of ‘The Everything Store,’ to lead Bloomberg's tech coverage — Brad Stone, the Bloomberg Businessweek senior writer and author of “The Everything Store …
Discussion:
@gerryfsmith, @satariano, @benmullin and @justin_b_smith
Michael Calderone / The Huffington Post:
VICE has invested heavily in coverage of the prison system, with a HBO documentary and more than 50 pieces to be published in coming weeks — Vice Went To Prison With Obama. Now It's Going Deep Into Inmate Issues. — “It was too good an opportunity not to throw the kitchen sink at it.”
Jason McIntyre / The Big Lead:
Sources: 200-300 layoffs coming to ESPN within the next few months, as Disney has notified ESPN to trim $100M from the 2016 budget — Layoffs are coming to ESPN. — Multiple sources inside and outside of ESPN tell The Big Lead that the network will be laying off “200 to 300” employees in the coming months.
Discussion:
FishbowlNY, Media Wire Daily, @jeffschultzajc and @realobf
Samuel Gibbs / Guardian:
Google's appeal against global enforcement of right to be forgotten removals rejected by French data protection authority CNIL — French data regulator rejects Google's right-to-be-forgotten appeal — Search engine's attempt to block French order to apply delistings to its google.com domain …
Discussion:
RSS CNIL, Business Insider, Gizmodo UK, Gizmodo and BetaNews
Patrick Foster / RadioTimes:
RadioTimes poll of 9,000 readers shows 91% support the BBC license fee — Radio Times poll shows massive public support for BBC — 91% come out in favour of the licence fee in survey of 9,000 readers — The debate over whether to save or change the BBC has so far been limited …
Glenn Peoples / Billboard:
RIAA finds streaming revenues grow 23.2%, downloads fall 4%, vinyl sales grow 51.3%, in first half of 2015 — Record Label Revenue Flat in First Half of 2015 — Big gains in paid digital access and ad-supported streaming services kept things from going underwater.
Bloomberg Business:
Streaming Music Service Deezer Plans IPO to Challenge Spotify, Apple — Proceeds earmarked for expanding sales, entering new markets — Music service said to be seeking valuation of $1.1 billion — Deezer SA filed for an initial public offering to raise funds as the French music-streaming service seeks …
Discussion:
TechCrunch, Financial Times, hypebot and Fortune
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