Top News:
Tony Maglio / The Wrap:
Comcast's NBCUniversal Officially Acquires DreamWorks for $3.8 Billion — Comcast's NBCUniversal has officially acquired DreamWorks Animation at an equity value of $3.8 billion. — “DreamWorks Animation is a great addition to NBCUniversal,” said Steve Burke, CEO of NBCUniversal.
Discussion:
Broadcasting & Cable, Home Media Magazine, FishbowlNY, Reuters and The Week
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Variety:
Comcast buys DreamWorks for $3.8B in cash, $41 a share; total equity value of deal, including debt, is $4.1B — NBCUniversal to Acquire DreamWorks Animation for $3.8 Billion … NBCUniversal has set a deal to buy DreamWorks Animation for $3.8 billion in cash.
Discussion:
The Wrap
Erik Wemple / Washington Post:
Arianna Huffington joins Uber's board, raising questions about Huffington Post editorial boundaries despite her recusing herself from coverage of Uber — Arianna Huffington is an Uber board member: Huh? — Editors in chief of news organizations are well advised to steer clear of corporate entanglements.
Discussion:
Om Malik, Uber Global, @om, CNNMoney, The Huffington Post, Fortune, CNNMoney, @arrington, CNET, @dylanbyers, @om, The Huffington Post, VatorNews, The Verge, @om, @sarahcuda, @erikwemple, @erikwemple, @dangillmor, Wall Street Journal, Gawker, Fast Company, Benzinga, City A.M., USA Today, VentureBeat, Bloomberg, The Hill, Re/code, @jackmirkinson and Strategy Consulting
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Kelly McBride / Poynter:
With Arianna Huffington on the Uber board, the Huffington Post must manage both actual and perceived conflicts of interest — Ask the ethicist: Should Arianna Huffington sit on Uber's board? — Arianna Huffington was announced as the newest member of Uber's board of directors today …
Discussion:
Fortune, @kellymcb and @sarahcuda
Brian Steinberg / Variety:
Viacom Q2 revenue falls 3% to $3B, compared to $3.08B in same period last year — Viacom Q2 Revenue Dips 3% On Ad Shortfalls, Film Unit Operating Loss … Viacom Inc. said revenue dipped slightly its fiscal second quarter fell 3% as its U.S. media networks grappled with ratings declines …
Sarah Frier / Bloomberg:
Sources: Snapchat hits 10B daily video views, up from 8B in February; over a third of daily users create Stories — Snapchat User Content Fuels Jump to 10 Billion Daily Video Views — More than a third of daily users said to create snap stories — Daily video views increase from 8 billion in February
Alan John Koshy / Reuters:
Time Warner Cable Q2 revenue rises to $6.19B from $5.78B a year earlier, adds 21K video customers, 9K below average estimate — Time Warner Cable's data subscriptions rise more than expected — Time Warner Cable Inc (TWC.N), which is in the process of being bought by Charter Communications Inc …
Discussion:
The Wrap, Hollywood Reporter, TheStreet.com, MarketWatch and @jason_kint
Glenn Peoples / Billboard:
Spotify buys CrowdAlbum, which aggregates photos and video from live events and was founded by Tracy Chan, a former head of YouTube analytics — Spotify Acquires CrowdAlbum, An Aggregator of Social Data From Live Events — EMAIL ME — Photos and videos shared via social media …
Discussion:
Press, @jonvanhala, Wall Street Journal, @rchen, @hellmania, @adamlwatson, MediaPost, Fortune, VentureBeat and TechCrunch
Georg Szalai / Hollywood Reporter:
SiriusXM reports Q2 earnings of $171M, ended March with 30.1M subscribers — SiriusXM Boosts Full-Year Sub Growth Target as Quarterly Earnings Rise — EMAIL ME — The home of Howard Stern now expects to add 1.6 million, instead of 1.4 million, subs after ending March with 30.1 million.
Discussion:
PR Newswire
Nathan McAlone / Business Insider:
Profile of media startup Odyssey, which has 10K+ unpaid young writers posting one piece a week, recently raised $25M, and claims 30M uniques a month — A startup that just raised $25 million is like a college newspaper on steroids — and it's racking up 30 million uniques a month
Discussion:
New York Business Journal and LinkedIn Pulse
Minnie Chan / South China Morning Post:
Andrei Chang, founder of Kanwa Asian Defense magazine, is leaving Hong Kong for Tokyo due to fears for his safety as a journalist after booksellers disappeared — Defence magazine publisher Andrei Chang quits Hong Kong over concerns for safety — Mainland born Canadian founder …
Discussion:
@joshchin and @alanwongw
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