Mediagazer: Sources: YouTube working on Unplugged, a subscription service offering cable channels over the Internet, expected to debut 2017 (Bloomberg)

12:00 AM ET, May 5, 2016

Top News:

Tribune Publishing board unanimously rejects Gannett offer, says it understates firm's value — Tribune Publishing's Board Unanimously Rejects Gannett's Unsolicited Proposal — Opportunistic Proposal Understates the Company's True Value and Is Not in the Best Interest of Shareholders

Discussion: FishbowlNY, WWD, CNNMoney, Variety, @robertfeder, @mattdpearce, @benmullin, Business Insider, Fortune and Politico

Roger Yu / USA Today:

As Tribune Publishing swings to loss in Q1, analyst Ken Doctor says revenue numbers favor Gannett's bid but negotiations will likely be a test of wills — Tribune Publishing posts $6.5M of Q1 loss on ad sales drop, higher costs — Tribune Publishing, which owns the Los Angeles Times …

Discussion: investor.tribpub.com, Talking New Media and The Wrap

Poynter:

Tribune Publishing CEO Justin Dearborn announces plans for seven new foreign bureaus in “entertainment oriented” cities — Tribune Publishing outlines plan to expand Los Angeles Times globally — Tribune Publishing CEO Justin Dearborn on Wednesday traced the contours …

Discussion: Politico, @howardowens, @ckrewson, @siddhmi, @rar, @poynter, @joepompeo and Poynter

Mark Sweney / Guardian:

Trinity Mirror execs face investor questions Thursday as The New Day misses print sales goal of 200K, instead selling closer to 30K — Trinity Mirror shares hit three-year low ahead of AGM — Publisher's top executives face grilling over The New Day and phone-hacking payouts at investor meeting on Thursday

Discussion: Coffee House, @danlevene, Guardian, mUmBRELLA, @mathewi, @rupertmyers and City A.M.

Mark Sweney / Guardian:

Sources: Trinity Mirror's The New Day to close 2 months after launch; last issue on Friday — The New Day newspaper to shut only two months after launch — Publisher Trinity Mirror to announce closure of experimental national newspaper after sales fall to around 30,000 copies

Discussion: @betheleri, @cjsnowdon, @chuckthomasuk, @scottygb, @markwatts_1, @janemartinson, @patrickwintour, @mrsteerpike and Politico

Bloomberg:

Sources: YouTube working on Unplugged, a subscription service offering cable channels over the Internet, expected to debut 2017 — YouTube Said to Plan ‘Unplugged’ Online TV Service for 2017 — Google has been plotting a web TV service since 2012 — Large media companies CBS, Fox, Comcast haven't signed up

Bloomberg:

Sources: revamped Apple Music with more intuitive interface, expansion of online radio service, and more to debut at WWDC after mixed reviews and exec shakeup — Apple to Revamp Streaming Music Service After Mixed Reviews, Departures — Music service to get new interface at developers conference.

Mark Gurman / 9to5Mac:
Sources: Apple Music revamp will bring black and white UI, “huge artwork”, and lyrics integration; new version launches via iOS 10 beta this summer

Discussion: Ubergizmo, Pocket-lint, AppleInsider, VentureBeat, Tech Insider, The Verge, Business Insider, Engadget and MacRumors

Emily Steel / New York Times:

Q&A with Hulu CEO Mike Hopkins on live and recorded programming, rivalries with Netflix and Amazon, and commercial-free viewing — Hulu Aims to Deliver What You Want to Watch Next — Imagine a television service that knows a viewer watches “Today” every morning and “The Daily Show With Trevor Noah” at night.

Discussion: CNBC, The Verge, Multichannel News, The Wrap, Broadcasting & Cable, Mashable, Adweek, Fortune, VideoNuze Analysis, Awful Announcing, Gizmodo, TechCrunch, Business Insider, @nytimesbusiness, Bloomberg, The Elkhart Truth and Broadcasting & Cable

Shalini Ramachandran / Wall Street Journal:
Hulu CEO confirms live programming from broadcast and cable brands coming to subscribers in 2017, will include sports, news, and events

Discussion: Multichannel News

Jacob Kastrenakes / The Verge:
Hulu now has 12 million subscribers, but growth is slowing

Discussion: TechCrunch, CED, The Drum, Multichannel News, The Wrap and CNNMoney

Richard Danielson / Tampa Bay Times:

Tampa Bay Times borrowed $13.3 million to finance Tribune purchase — TAMPA — The Tampa Bay Times took on about $13.3 million in new debt just before it purchased its main competitor, the Tampa Tribune, according to a mortgage filed in Pinellas County. — 3 Months Ago 4 Months Ago 5 Months Ago

Discussion: DRaysBay, Tampa Bay Times, USA Today, Associated Press and Poynter

Joshua Benton / Nieman Lab:

The Tampa Tribune's closure signals how the private equity formula of milking newspapers could play out in lots of cities — Tampa just lost a daily newspaper; is this the continuation of an old trend or the start of a new one? — I rewatched Page One not long ago — the documentary …

Discussion: @ryanchittum, @jbenton, @shansquared, @jbenton, Miami New Times, Tampa Bay Times, Wall Street Journal, City A.M., New York Times, New York Post, Reuters, Sonoran Weekly Review and MarketWatch

Shan Wang / Nieman Lab:

Vox Media creates a Snapchat Studio, and SB Nation is going bilingual with the help of Telemundo — Vox Media announced a bunch of new partnerships Wednesday (see: corporate synergy), including a new partnership between SB Nation and Telemundo to create “the first-ever mobile …

Discussion: Adweek, Broadcasting & Cable, @penelopejones, Ad Age and WWD

Frederic Lardinois / TechCrunch:

Google enables HTTPS for all sites on its Blogspot domain, two years after Wordpress — Google enables HTTPS for all Blogspot sites — Google today made HTTPS connections the default for all of the sites on its Blogspot domain. — Google first enabled HTTPS for Blogspot last September, but at the time, it was an opt-in feature.

Discussion: Computerworld, @swiftonsecurity, CNET, The Next Web, TheTechNews, TechWeekEurope UK, CrazyEngineers, Industry Leaders Magazine, Engadget, Google Online Security Blog, Softpedia News and VentureBeat

Michael M. Grynbaum / New York Times:

NBC relocated entire Nightly News to Trump Tower on Wednesday when Trump became apparent Republican nominee, will offer same to Democratic nominee — NBC Relocates ‘Nightly News’ to Trump Tower, for a Night — On the day that Donald J. Trump became the presumptive Republican nominee for president, NBC came to him.

Discussion: @jackmirkinson, @passantino and @nycjim

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More News:

Glenn Peoples / Billboard:
iHeartMedia revenue rises 4.1% in Q1 to $1.4B, and registered users of digital radio up 33% to 85M in April; firm plans to be “proactive” in selling assets

Discussion: iHeartMedia, Inc.

Peter Kafka / Re/code:
Sources: Disney wants as much as a third of BAM Tech, MLB Advanced Media's streaming video unit, at a valuation near $3B, with eventual controlling interest

Discussion: @jtramsay, @kevinmdraper and @pkafka

Hadas Gold / Politico:
Mashable Deputy Executive Editor Amanda Wills and Real Time News Editor Brian Ries joining CNN

Discussion: @moneyries, @jonathanellis, @rafat, @moneyries, @mereditha, @ashleycodianni, @hadas_gold and @moorehn

Wall Street Journal:
21st Century Fox meets expectations with quarterly net income of $841M, down from $975M in 2015, on revenue of $7.23B, up 5.7% YoY

Discussion: The Wrap, Business Wire, 21st Century Fox, Bloomberg, Broadcasting & Cable, Variety and Hollywood Reporter

Janko Roettgers / Variety:
Live Nation Will Stream Hundreds of Concerts in Virtual Reality

Discussion: Gizmodo, ZDNet, TechCrunch, The Verge, CNET, IR.net and Engadget

Earlier Picks:

Anup Kaphle / BuzzFeed:
Nepal revokes Canadian citizen Robert Penner's work visa after he wrote about Nepalese politics on social media and seeks “voluntary departure” by Thursday

Brent Lang / Variety:
Time Warner Q1: revenue up 3% to $7.3B, HBO revenue up 8% to $1.5B, Turner Networks revenue up 7% to $2.9B, Warner Bros. revenue down 3% to $3.1B

Discussion: Home Media Magazine, ZDNet, Broadcasting & Cable, Forbes, Deadline, Fortune, Wall Street Journal, CNBC, Hollywood Reporter and Bloomberg

Michael Bachelard / Sydney Morning Herald:
SecureDrop makes leaking to Fairfax Media safe from metadata capture

Discussion: @paulwiggins, @leesebkk, @rachdexter64, @scowlishaw and @freedomofpress

Kurt Wagner / Re/code:
Adobe acquires LiveFyre, plans to use user-generated content tech for client apps, sites; Storify, other products to be integrated into Adobe marketing services

Discussion: Adobe, One Man & His Blog, Fortune, Wall Street Journal and ZDNet

Benjamin Mullin / Poynter:
In internal memo, Boston Globe editor Brian McGrory announces new round of buyouts

Discussion: Boston Business Journal, Media Nation, @raju and Boston, MA Patch

From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

Joanna Nelius / The Verge:
Qualcomm details its Snapdragon X Plus and X Elite chips; benchmarks from a demo suggest the chips match Apple's M3, Intel's Core Ultra 9, and AMD's Ryzen 9

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