Mediagazer: In Chicago, two brothers are using Instagram to engage new audiences for investigative reporting (Jackie Spinner/Columbia Journalism Review)

7:05 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: @daviduberti, @vikrantbhushan, @hale_a, @sbermo, @hale_a, @editorialiste and Digiday

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, Re/code, @catekustanczy, Digiday, @mathewi, Talking New Media, @niemanlab, @laurahazardowen, @jayrosen_nyu and @rafat

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, The Verge, @mikeisaac, @whatthebit, @chrispirillo, @corybe, @brianstelter, @evanatmedium, @chrismessina, @dangillmor, TechCrunch and Fortune

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

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, The Wrap and @palewire

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

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

Jackie Spinner / Columbia Journalism Review:

In Chicago, two brothers are using Instagram to engage new audiences for investigative reporting — In early 2015, Jeff Kelly Lowenstein, a freelance investigative journalist, published a story in The Chicago Reporter about a reverse mortgage scheme that targeted elderly African-Americans on Chicago's south and west sides.

Discussion: @dangillmor

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

Harro Ten Wolde / Reuters:

SoundCloud launches SoundCloud Go music subscription service in UK for £9.99 per month, and in Ireland for €9.99 per month — SoundCloud extends paid-for music streaming service to UK, Ireland — German online music start-up SoundCloud said on Tuesday it has expanded …

Discussion: TechCrunch, FACT Magazine, The Verge, Tech.eu, Variety, VentureBeat and Engadget

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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:
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Discussion: @nytimesworld and @danbilefsky

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Bloomberg:
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Kyle Wiggers / TechCrunch:
Anthropic raised another $4B from Amazon, will make AWS its primary training partner, and is working with Annapurna Labs to develop new Trainium accelerators

Tom Warren / The Verge:
Microsoft releases the first beta preview of its Recall AI feature for Copilot+ PCs, including Click to Do, a feature similar to Google's Circle to Search

Melissa Quinn / CBS News:
SCOTUS dismisses Meta's appeal of a lower court order reviving a shareholder lawsuit for allegedly misleading investors on the 2015 Cambridge Analytica scandal

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