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3:00 AM ET, May 3, 2016

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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.
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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.
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
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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 …
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 …
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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”
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 …
 
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