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 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 …
Discussion:
The Wrap, New York Times, Hollywood Reporter, Financial Times, Business Insider, Reuters, Los Angeles Times, Bloomberg, ZDNet, C21Media, Talking Biz News, The Verge, brandchannel, Multichannel News, USA Today, Philly.com, Forbes, Consumerist, Engadget, Fortune, @ruiterwrongfan, Light Reading, Business Insider, @vinceinthebay, Deadline, @paullferrer, Fast Company and The Week
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, Vox, @jorilallo, @popehat, @profjeffjarvis, @saramorrison, @caseynewton, @petersterne, @ahess247, @jeffjarvis, @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, 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:
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.
Discussion:
Re/code, Adweek, Variety, Re/code, SiliconANGLE, Fortune, VentureBeat, The Verge, Strategy Consulting, Twitter, Fortune, 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, 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:
bookforum.com and FishbowlNY
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