Top News:
Peter Kafka / Re/code:
Axel Springer acquisition of Business Insider sets new mark for digital publisher sales — Sold! Axel Springer Bets Big on Digital, Buys Business Insider. — Earlier this year German publisher Axel Springer tried and failed to buy the Financial Times. Now it's acquiring Business Insider.
Discussion:
The Wrap, The Atlantic, Press Gazette, FishbowlNY, AdExchanger, @danprimack, @lock, @digitalshields, @sirsteven, Poynter, @mathewi, @rafat, @socarolinesays, @brianstelter, @ivanthek and @pkafka
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Kenneth Wong / Bloomberg Business:
Axel Springer Buys 88% of Business Insider for $343 Million — German media company Axel Springer SE agreed to buy an 88 percent stake in Business Insider Inc. for $343 million. — Axel Springer already owns a 9 percent stake in New York-based Business Insider, which runs …
Discussion:
Axel Springer SE, Business Insider, The Wrap, The Next Web, CNNMoney, Business Insider, @jeffjarvis, Variety, @antderosa and @neilcybart
Mike Shields / Wall Street Journal:
Facebook's Head of News Partnerships, Liz Heron, joins The Huffington Post as Executive Editor, will jointly steer site alongside Arianna Huffington — Huffington Post Names Liz Heron Executive Editor — Ms. Heron was Facebook's head of news partnerships
Discussion:
@mitrakalita and @sarahmarshall
Krishnadev Calamur / The Atlantic:
Ta-Nehisi Coates is among 24 recipients of genius grants from the John D. and Catherine T. MacArthur Foundation — ‘Geniuses’ Revealed — The Atlantic's Ta-Nehisi Coates is among this year's 24 recipients of “genius” grants from the John D. and Catherine T. MacArthur Foundation.
Discussion:
New York Times, @tanehisicoates, The Huffington Post, @embeedub, @justinwolfers, @kenyonreview, @antderosa and @mathewi
Janko Roettgers / Variety:
Samsung to Shutter Milk Video Service in November — Senior Silicon Valley Correspondent @jank0 — Samsung is shuttering its Milk Video service in November. The company announced the shut-down on Google Play Monday, writing: “While we remain committed to providing premium entertainment services …
Discussion:
Business Insider, @jank0, The Next Web and The Verge
RELATED:
Mike Shields / Wall Street Journal:
Verizon's go90 Mobile Video Service Signs Up Publicis in Exclusive Ad Deal
Discussion:
Ad Age and Multichannel News
Doc Searls Weblog:
Ad blocking is a form of boycott that could improve relationships between marketers and customers — Beyond ad blocking — the biggest boycott in human history — According to Business Insider, ad blocking is now “approaching 200 million.” — Calling it a boycott is my wife's idea.
Discussion:
@dangillmor
Peter Kafka / Re/code:
Medium says it raised $57M in a round led by Andreessen Horowitz, at a $400M valuation according to sources — Ev Williams's Medium Raises $57 Million for the ‘Best Stories and Ideas on the Internet’ — Medium, the publishing platform hatched by Twitter co-founder Ev Williams …
Dave Philipps / New York Times:
U.S Army tried to kill New York Times story by withholding information, hoped to encourage more favorable story from other outlets — Generals Sought More Positive Coverage, Document Shows — Two top Army generals recently discussed trying to kill an article in The New York Times …
Joe Mullin / Ars Technica:
US gov't: Kim Dotcom paid pirates $3M for movies, should be extradited — Long-delayed hearing has begun, and Dotcom may yet face US prosecutors. — In a New Zealand courtroom, the US government has begun making its case as to why Megaupload founder Kim Dotcom should face criminal copyright charges.
Discussion:
International Business Times, The Verge and TorrentFreak
Sam Biddle / Gawker:
App Store removes app with push notifications for drone strikes due to “excessively crude or objectionable content” — Apple: Drone Strikes Are Offensive, Farts and Poop Are Cool — Apple has for many years attempted to project its incoherent definition of decency onto iPhone users, typically when it comes to sex.
Discussion:
@rj_gallagher, @damjanski, @adamhrv, @earino, @sepoy, @imraansiddiqi, @azmatzahra, @headhntr, @ryantate and WebProNews
Dominic Ponsford / Press Gazette:
Sun reporter Mazher Mahmood to face trial charged with conspiracy to pervert the course of justice — Sun reporter Mazher Mahmood is to face trial accused of conspiracy to pervert the course of justice. — The news comes just after a year after he was suspended from his job following …
Jack Marshall / Wall Street Journal:
Digital Content Next study: fraudulent traffic is 2.8% at member sites like Conde Nast, ESPN, Vox Media, CBS, NBCUniversal, NYT, vs. 11% on wider Web — Big Publishers' Fraud Rate is 2.8%, Wider Web's is 11%, Studies Say — Online media companies aim to distance themselves from ad fraud
Discussion:
Nieman Lab
RELATED:
Jeff Jarvis / Medium:
To meet challenge posed by ad-blockers, advertising must be reformed; journalism's survival depends on it
Discussion:
@bendreyfuss, Digiday, @dangillmor and @jeffjarvis
Variety:
Trevor Noah Vows to ‘Continue the War on Bull—’ in ‘Daily Show’ Opening — Trevor Noah spent his first four minutes as host of “The Daily Show” paying tribute to his predecessor Jon Stewart and acknowledging the debate that ensued over who should succeed Stewart at the helm of the Comedy Central franchise.
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