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
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@kellymcb, MediaPost, LA Observed, @activistinsight, @raju, @jimrutenberg, @stephenreiss and @charlesornstein
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 …
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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 …
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, @nickmartin, Slate, @hamiltonnolan, @elongreen, @elongreen, @silviakillings, @popehat, @pareene, @jeffjarvis, Washington Post, @jorilallo, @popehat, @profjeffjarvis, @saramorrison, @caseynewton, @petersterne, @ahess247, @jeffjarvis, Vox, @chanders, @jeffjarvis, iMediaEthics, New York Magazine, Hit & Run, Re/code, The Huffington Post, 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, Ubergizmo, Complex, TechCrunch, The Verge, MacRumors, TechCrunch, AppleInsider and Business Insider
Joshua Topolsky:
Next age of media must include compelling stories for specific audiences, not just quantity aimed at digital scale — Your Media Business Will Not Be Saved — Video will not save your media business. Nor will bots, newsletters, a “morning briefing” app, a “lean back” iPad experience …
Discussion:
The Big Lead, Online Journalism Blog, @rafat, @rafat, @moorehn, @freddiedeboer, @heyfeifer, @247ls, @davemcclure, @blenderhd, @gideongil, @elanazak, @billvoth, @jayrosen_nyu, @chrismessina, @davemilbo, @brianstorm, @janjlab, @joshuatopolsky, @danilic, @joshuatopolsky, @elianpeltier, @chmeredith and @christianward
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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.
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Re/code, Adweek, Variety, Re/code, SiliconANGLE, Fortune, VentureBeat, The Verge, Strategy Consulting, Fortune, Twitter, ZDNet, AdExchanger, 9to5Mac, Reuters, @recode, @kurtwagner8, Broadcasting & Cable, @pkafka, CNBC and USA Today
Las Vegas Review-Journal:
Judges rules against Bill Cosby getting notes from New York magazine reporter — NEW YORK — The comedian Bill Cosby lost his bid on Tuesday to force the publisher of New York magazine to comply with a subpoena seeking reporters' notes and other material for a cover story …
Discussion:
Newsday, Wall Street Journal, New York Daily News, Associated Press, Jezebel, Reuters and Courthouse News Service
Alexandra Alter / New York Times:
Barnes & Noble's Longtime Leader, Leonard Riggio, Is Stepping Down — When Leonard Riggio bought Barnes & Noble in 1971, it consisted of a single struggling store in Manhattan. Over time, with swagger and an unwavering belief in the value of physical bookstores, he turned it into the country's largest bookselling chain.
Discussion:
Thad McIlroy, Fortune, Wall Street Journal and Bookseller News
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, ZDNet, @thebauminator, Wall Street Journal, Variety, Re/code, Deadline and DSLreports
Colin Lecher / The Verge:
How FCC's reallocation of TV spectrum to the wireless industry over the next few years will work — How the FCC's massive airwaves auction will change America — and your phone service — The system that underpins wireless communication in the United States is about to dramatically change.
Peter Sterne / Politico:
The New Republic names Eric Bates editor and owner Win McCormack editor in chief — The New Republic hires Eric Bates as editor — Eric Bates will be the next editor of The New Republic, the magazine announced on Tuesday. — Bates is the the former executive editor of Rolling Stone …
Discussion:
Washington Post, bookforum.com and FishbowlNY
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