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
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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
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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
Discussion:
Ad Age, USA Today, Pocket-lint, Adweek, Media Life Magazine, Polygon, AppAdvice.com Latest, New York Times, New York Magazine, LostRemote, VideoNuze Analysis, @nytimes, /Film, Guardian, Fortune, Light Reading, AppleInsider, BGR, The Wrap, MacRumors, Deadline, TIME, TechCrunch, Home Media Magazine, Vanity Fair, Business Insider, Engadget, @brianstelter, @poniewozik, @asharma, @jsnell, @edmundlee and @jbflint
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 …
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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
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
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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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