Mediagazer: Digiday says it makes a seven-figure profit on eight-figure revenue that's growing 30-50% per year, and may spin out its in-house studio later this year (Mathew Ingram/Fortune)

3:00 AM ET, May 3, 2016

Top News:

Mathew Ingram / Fortune:

Digiday says it makes a seven-figure profit on eight-figure revenue that's growing 30-50% per year, and may spin out its in-house studio later this year — Digiday Shows There Is Money in Media if You Stay Focused — You might not have heard of an online publication called Digiday …

Discussion: @vikrantbhushan, @hale_a, @sbermo, Digiday, @hale_a and @editorialiste

Benjamin Mullin / Poynter:

Digiday launches Glossy, a site dedicated to fashion and luxury … Digiday, the company best known for its concise coverage of the shifting media industry, announced on Monday plans to extend its reporting to the realms of fashion and luxury with a new publication called Glossy.

Discussion: Nieman Lab, Digiday, Re/code, Talking New Media, @laurahazardowen, @jayrosen_nyu and @rafat

Amol Sharma / Wall Street Journal:

Hulu Move Shows ‘Old’ Media's Urgency to Pioneer a ‘New’ Cable TV — In race to reinvent the bundle, traditional outfits step ahead of Google, Apple and Amazon — Consumers who are angry at the cost and inflexibility of cable TV have been waiting for someone — anyone — to come along and reinvent the business for the online world.

Discussion: Digiday, Fast Company, The Verge and Mashable

Wall Street Journal:

Sources: Hulu in talks with Disney, 21st Century Fox to launch an online TV service that would stream broadcast and cable channels in first quarter of 2017 — Hulu Is Developing a Cable-Style Online TV Service — New subscription service would stream feeds of popular broadcast and cable TV channels

Daniel Holloway / Variety:

Source: NBCUniversal also in early talks with Hulu to join streaming bundle in early 2017 — NBCUniversal in Talks to Join Hulu Channel Bundle (EXCLUSIVE) … NBCUniversal is in talks with Hulu to join the streaming service's planned over-the-top offering of cable and broadcast channels, Variety has learned.

Discussion: Hollywood Reporter, The Wrap, Fast Company and The Week

Reuters:

Sources: Tribune Publishing's second-largest shareholder, Oaktree Capital, wants company to “actively engage” with Gannett and other potential buyers — Exclusive: Tribune Publishing No. 2 shareholder supports sale — Oaktree Capital Group LLC (OAK.N), the second largest shareholder …

Discussion: USA Today and The Wrap

Brian Stelter / CNNMoney:
Tribune calls Gannett's appeal to stockholders a bid to ‘steal the company’

Discussion: Talking New Media, TheStreet.com and LA Weekly

Anne Steele / Wall Street Journal:
Gannet urges Tribune shareholders not to back company's slate of director nominees, to send clear signal they want two companies to engage in merger talks

Discussion: Gannett and Editor & Publisher

Evan Hansen:

Medium Senior Editor Evan Hansen, Wired's former editor in chief, leaves after three years to become editor in chief at Periscope — Farewell Medium, Hello Periscope — A little over three years ago I was angling for a new job. In an attempt to impress with the local cuisine I took Kate Lee …

Discussion: @felixsalmon, CNNMoney, TechCrunch, @corybe, @mikeisaac, @evanatmedium, @chrispirillo, @chrismessina, @brianstelter, @dangillmor and Fortune

Peter Sterne / Politico:

New York Times rebrands its R&D lab as Story[X], will be led by editor for innovation and strategy, Kinsey Wilson — Times rebrands R&D studio, promotes VR video at NewFront — The New York Times is rebranding its research and development lab as “Story[X]” and will more closely integrate …

Discussion: @rafat, Adweek, The Wrap, @shansquared and @laurahazardowen

Jeremy Barr / Ad Age: At NewFronts, The New York Times announces six new digital shows; Chief Revenue Officer Meredith Kopit Levien says trend is toward a “visual future”

Julia Marsh / New York Post:

Hulk Hogan suing Gawker again, for allegedly leaking sealed court documents to the National Enquirer that quoted him making racists remarks — Hulk suing Gawker for allegedly leaking his racist tirade — More On: — Hulk Hogan is trying to take down Gawker one more time.

Discussion: Hollywood Reporter, bookforum.com, Re/code, New York Magazine, Mashable, The Wrap, PWTorch, Newser, Rolling Stone and The Daily Caller

Peter Kafka / Re/code:

Amazon gets more serious about sports after it didn't get the NFL Thursday Night games deal — Amazon didn't get the NFL deal, but it's getting more serious about sports — Heads up, ESPN: Amazon wants to get into sports on the web. — The giant retailer, which tried but failed to land …

Discussion: @ericjackson

Michael Calderone / The Huffington Post:

Center For Public Integrity Lays Off Two Reporters Amid Restructuring — The cutbacks come on the heels of the Center's international investigative project scoring major scoop with the Panama Papers. — The Center for Public Integrity laid off two reporters Friday and will not immediately …

Discussion: @bgpublic

Ashley Cullins / Hollywood Reporter:

Sumner Redstone to Testify via Video at Health Care Trial — The video testimony is subject to several conditions and will not be made public. — 92-year-old media mogul Sumner Redstone will not take the stand in a trial that will determine whether or not he had capacity last fall to change …

Discussion: Wall Street Journal, Deadline, Reuters, Los Angeles Times, Bloomberg and The Wrap

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More News:

Peter Sterne / Politico:
Tax returns for Gawker Media, LLC disclosed during Hogan trial show a loss of $120K in 2012 on $25.6M in revenue, and shed light on corporate structure

Discussion: @petersterne, @raju and @petersterne

Dan Bilefsky / New York Times:
French legal dispute over freelancer's photo of Paris massacre victim could have implications for press freedom, say critics

Discussion: @nytimesworld and @danbilefsky

Todd Spangler / Variety:
Vimeo acquires VHX, a startup that provides a platform for OTT, VOD services; terms not disclosed, VHX raised $10M from investors including Comcast Ventures

Discussion: TechCrunch, @sacca, Forbes, Re/code, VentureBeat and The Wrap

Earlier Picks:

Bloomberg:
A history of Marissa Mayer's tenure at Yahoo, and why her efforts haven't been enough to turn the company around

Discussion: Variety, @joshpetri, @peterlattman, @namedpipe and NetNewsCheck Latest

Timothy Pratt / Columbia Journalism Review:
How one woman's ‘hyperlocal C-Span’ brings transparency to politics in Georgia

From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Kyle Wiggers / TechCrunch:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January

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