Top News:
Michael Hiltzik / Los Angeles Times:
Tribune Publishing's Michael Ferro criticizes Gannett for pressing for board decision on $400M takeover bid before he can unveil strategic plan on May 4 — Tribune Publishing Chairman Michael Ferro says Gannett is ‘trying to steal the company’ — Chicago's Tribune Tower.
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Andrew Ross Sorkin / New York Times:
How Tribune Publishing's non-executive chairman, Michael Ferro, who has virtually no media experience, is expanding his control of the company's board
Discussion:
@kellymcb, MediaPost, LA Observed, @activistinsight, @raju, @jimrutenberg, @stephenreiss, @charlesornstein, @brianstelter, Poynter, @fvogelstein and Editor & Publisher
Peter Sterne / Politico:
Las Vegas Review-Journal columnist John L. Smith resigns after paper prevented him from writing about Sheldon Adelson and another casino owner, Steve Wynn — Las Vegas Review-Journal columnist resigns — Las Vegas Review-Journal columnist John L. Smith resigned from the paper on Tuesday …
Wall Street Journal:
Sources: Comcast in talks to buy DreamWorks Animation for $3B+, would likely merge DreamWorks with Universal Pictures — Comcast in Talks to Buy DreamWorks for More Than $3 Billion — Deal would join DreamWorks with Comcast's Universal Pictures — Comcast Corp. is in talks …
Peter Sterne / Politico:
Esquire removes satirical article by “Prof. Jeff Jarvis” after request from real Jeff Jarvis — Esquire removes satirical article after criticism — Late on Tuesday night, Esquire.com removed a satirical article written by Rurik Bradbury that it had published online earlier in the day.
Discussion:
Redefining Rude, Slate, @jeffjarvis, Washington Post, Vox, @jorilallo, @chanders, @popehat, @saramorrison, @nickmartin, @caseynewton, @petersterne, @ahess247, @jeffjarvis, @jeffjarvis, Hit & Run, New York Magazine, Re/code, The Huffington Post, iMediaEthics, Talking Points Memo and bradford-delong.com
Benjamin Mayo / 9to5Mac:
Apple Music now has 13 million paying subscribers, up from 11 million in February — Alongside its announcement of Apple's quarterly earnings, its first revenue decline since 2003, Apple has also announced latest numbers for Apple Music, its $9.99 per month streaming music service.
Discussion:
Apple, The Verge, Complex, TechCrunch, MacRumors, TechCrunch, AppleInsider and Business Insider
Ingrid Lunden / TechCrunch:
Twitter reports mixed Q1 with $595M in revenue, up 36% YoY but less than $608M expected, 310M MAUs, up 3% YoY; stock drops 13%+ after hours — Twitter's woes continue on Q1 sales of $595M, a sluggish 310M MAUs and weak guidance — Twitter reported its Q1 earnings today, and they're not great.
Discussion:
Re/code, Adweek, Variety, Re/code, SiliconANGLE, Twitter, The Verge, Strategy Consulting, Fortune, Fortune, VentureBeat, ZDNet, AdExchanger, 9to5Mac, Reuters, @recode, @kurtwagner8, @pkafka, Broadcasting & Cable, CNBC and USA Today
Sydney Ember / New York Times:
New York Times plans to close Paris editing and press operations, eliminating or relocating up to 70 jobs — New York Times Co. Plans to Close Editing and Press Operations in Paris — The New York Times Company said on Tuesday that it was planning to close its editing …
Discussion:
Fortune, @davjolly, @lewisfranck, New York Post, @alanfriedmanit, @andrewdasnyt, FishbowlNY, @nbj914, Guardian, JIMROMENESKO.COM, @ninabernstein1, @mathewi, Reuters, @claireatki, @mathewi, @ninabernstein1, @christophclarey, @nycjim, @jeffjarvis, FishbowlNY, @miriamelder, @davjolly and bookforum.com
Mike Farrell / Multichannel News:
AT&T Loses 54K Video Customers in Q1 — 328K DirecTV additions can't offset U-Verse TV declines — AT&T lost a total of 54,000 video subscribers in the first quarter, as increases at its DirecTV satellite TV service couldn't overcome continued declines at its U-Verse TV offering.
Discussion:
Home Media Magazine, @thebauminator, ZDNet, Wall Street Journal, Variety, Re/code, Deadline and DSLreports
Gerry Smith / Bloomberg:
Turner Broadcasting to launch ad-free subscription streaming video service, FilmStruck, aimed at film nerds this fall; price still being determined — Time Warner's Turner Appeals to Film Nerds With Web-Only Service — Ad-free FilmStruck will be managed by Turner Classic Movies
Discussion:
/Film, Wall Street Journal, New York Times, Pocket-lint, Home Media Magazine, Tubefilter, @ericdsnider, Fortune, Ad Age, TechCrunch, Variety, CNNMoney, The Wrap, Re/code, Broadcasting & Cable and Engadget
Sydney Ember / New York Times:
Pamela Wasserstein takes over as CEO at New York Media as it grows its digital properties and launches Select All, a new tech and culture site led by Max Read — An Heir Who's Ready to Take the Reins at New York Magazine — Adam Moss, the editor in chief of New York magazine …
Discussion:
Folio, WWD, Variety, @jeremymbarr, @kevinroose, @taylorlorenz, @mathewi, @nymagpr, @melbournecoal and FishbowlNY
Mike Shields / Wall Street Journal:
YouTube capturing only a sliver of TV ad spending, with higher CPMs and content quality among the major concerns for advertisers — YouTube's Quest for TV Advertising Dollars — While the Google platform has had the most success siphoning off some TV ad spending, its challenges offer a cautionary tale for Facebook, Twitter
Ivana Kottasova / CNNMoney:
DisneyLife goes offline in China after just 5 months — Just five months after its launch, a streaming video service offered by Alibaba and Disney has gone offline in China. — A spokesperson for Alibaba said the service was “undergoing maintenance” and that customers were being refunded.
Discussion:
Wall Street Journal, Deadline and Fortune
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