Top News:
Ravi Somaiya / New York Times:
Gawker to sell minority stake to Columbus Nova Tech Partners, pending shareholder approval, to fund video and e-commerce growth, lawsuit defense — Gawker Media Plans to Sell Minority Stake to Investment Company — Gawker Media plans to sell a minority stake to the investment company …
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Peter Sterne / Politico:
Judge recommends mediation in Gawker-Hulk Hogan trial — The state court judge overseeing professional wrestler Hulk Hogan's $100 million lawsuit against Gawker Media has recommended that the parties seek mediation rather than a trial, according to court documents.
Discussion:
Tampa Bay Times, Awful Announcing and Fortune
Barry Wilner / Associated Press:
Facebook launches Sports Stadium, a hub for American football now, other sports soon, offers real-time chats, stats, media commentary, more — Facebook's Sports Product to Launch During NFL Championships — There's a new stadium in town. Actually, in every town. — It's on Facebook.
Discussion:
Facebook, Re/code, Android Police, Business Insider, PCWorld, USA Today, @caseynewton, @kantrowitz, GeekWire, SiliconBeat, VentureBeat, @flyosity, @mikeisaac, The Next Web, @wy_yw, SlashGear, @helensitu, TechCrunch, @gaberivera, The Verge, Engadget, The Tech Portal, @aaronwall and Re/code
ExaroNews:
Leaked 500 page draft report into Jimmy Savile scandal criticizes “deferential culture”, “untouchable stars”, and “above the law” managers at BBC — Jimmy Savile: Janet Smith's damning review leaked to Exaro — BBC's ‘deferential culture’, ‘untouchable’ stars and ‘above the law’ managers blamed
Discussion:
Press Gazette, Guardian, Featured Articles, Press Association, Spectator, The Independent, BBC, ITV, Spectator, Telegraph, Mirror.co.uk, Mirror.co.uk, Dailystar.co.uk, TheJournal.ie and Daily Mail
Associated Press:
Viacom cuts Sumner Redstone's salary by 85% to $2M amid questions about his health and competence — Viacom slashes exec pay amid lawsuit over Redstone's health — LOS ANGELES (AP) — Viacom Inc. on Wednesday pre-released details about executive pay that show an 85 percent drop in compensation …
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Kurt Wagner / Re/code:
News Corp denies rumors stemming from CNBC segment that it's interested in buying Twitter — Twitter's Stock Surged, Then Slipped on Takeover Speculation — Twitter's stock received a healthy boost Wednesday afternoon thanks to market speculation that the media giant News Corp may be interested …
Henry Mance / Financial Times:
Pearson unveils £320M restructuring plan that includes 4,000 job cuts, and caps dividend due to weak earnings — Pearson to cut 4,000 jobs as it warns on profits — Pearson has unveiled a £320m restructuring plan that will cut one-tenth of its workforce …
Discussion:
Reuters, Scotsman, Guardian, Telegraph, London Evening Standard, Financial Times, Bloomberg Business, BBC, Wall Street Journal, NASDAQ.com, dailyrecord, Fortune and Bookseller News
Kelly Liyakasa / AdExchanger:
Google rolling out “Real-time ads”, pre-planned ads that appear at specific times, first for select brands, then more broadly later this year — Google Debuts ‘Real-Time Ads’ To Drive Live Engagement — Google sounds more and more like Twitter, heralding ways marketers can tap into live events for engagement.
Discussion:
Adweek, Ad Age, VentureBeat, YouTube Blog, Wired, mUmBRELLA, Engadget and Broadcasting & Cable
Roger Yu / USA Today:
Penthouse refutes reports of imminent closure of print magazine, citing “gravitas” of print — Penthouse plans to retain magazine, launch overhauled site — Penthouse, the adult magazine founded by Bob Guccione, said Tuesday it has no plans to shut down print publishing …
Discussion:
CNNMoney, FishbowlNY, New York Post, Talking New Media and Folio
Richard Tofel:
Print newspaper circulation numbers for weekdays fell dramatically between 2013 and 2015 — The sky is falling on print newspapers faster than you think — Last October, a McKinsey report declared, “We believe that many of the people likely to abandon print newspapers and print consumer magazines …
Discussion:
Chris O'Brien, @jimbrady, @cmcloutier, @meghanwesley, @tcarmody, @kelseyproud, @sulliview and @digiphile
Jayne Mountford / Fashion Times:
Vogue magazine's Creative Director Grace Coddington steps down after 28 years, will become Creative Director at large — Grace Coddington Is Leaving Vogue: Legendary Creative Director Steps Down After 28 Years — It has been announced this morning that Grace Coddington …
Benjamin Mullin / Poynter:
Hearken, which sells software that helps journalists identify which stories their audience wants, raises $700K — With $700,000 funding round, Hearken is scaling up to sell a new kind of journalism — You might be thinking backwards if your newsroom sticks to the following formula:
Discussion:
@wearehearken
Washpostpr / Washington Post:
In new statement, Jason Rezaian says he hopes to write again about Iran and the US — New statement from Jason Rezaian — Below is a written statement from Jason Rezaian, issued today from Landstuhl, Germany:
Discussion:
Associated Press, Mashable, CBS San FranciscoCBS …, Guardian, ABC News, Mediaite, @rezamarashi and Business Insider
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