Mediagazer: 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 (Peter Kafka/Re/code)

3:20 PM ET, May 5, 2016

Top News:

Study: readers spend an average of two minutes on 1K words and longer articles on mobile, traffic from Twitter leads to longer engagement than from Facebook — Long-Form Reading Shows Signs of Life in Our Mobile News World — In recent years, the news media have followed their audience's lead …

Discussion: Nieman Lab, SocialTimes, FishbowlDC, FishbowlNY, Journalism.org, Quartz, Washington Post, Agence France-Presse, @moorehn, Mashable, @digiphile, @sarahjeong and Poynter

Nicola Clark / New York Times:

New Day, British Newspaper That Shunned Web, Will Close After 10 Weeks — PARIS — “Life is short,” read the slogan of The New Day, Britain's youngest national newspaper. “Let's live it well.” — Unfortunately for the publication, the first half of its slogan proved prophetic.

Discussion: Coffee House, Trinity Mirror plc, CNNMoney, Guardian, Guardian, WWD, BBC, @johnnypaige, @tucker5law, @alexkeysjackson, @grahambond, @rhysdgriffiths, @borkowskido, Guardian, Voice of America, Yahoo! Finance, Business Insider, Telegraph, BBC, The Independent, City A.M., Fresh Business Thinking, marketingmagazine.co.uk, The Times & The Sunday Times, The Times & The Sunday Times, Fourth estate follies, PrintWeek, Crikey, The Huffington Post, Globe and Mail, Press Gazette, The Standard, themediablog.co.uk, The Drum, Bloomberg, @alexgspence, Sky News, ITV, London Evening Standard, Author stories, Metro.co.uk, ITV, Mirror.co.uk, Digital Spy, Sky News, International Business Times, City A.M., PRWeek, Wall Street Journal, Help, The Huffington Post, Telegraph, campaignlive.co.uk, campaignlive.co.uk, @marksweney, Featured Articles, The Drum, The Drum, The Independent, The Independent, campaignlive.co.uk, Guardian, City A.M., @adders, @chuckthomasuk, @mathewi, Guardian, Guardian, Financial Times, @scottygb, @markwatts_1, @janemartinson, @bethrigby, @betheleri, @cjsnowdon, @patrickwintour, @danlevene, Politico, @rupertmyers, mUmBRELLA, @petersands55, Press Gazette, The Drum and Guardian

Gerry Smith / Bloomberg:

The New York Times and Chef'd partner to deliver ingredients used in NYT Cooking recipes starting this summer — New York Times to Start Delivering Meal Kits to Your Home — Times partners with Chef'd to drop off ingredients for recipes — Publisher is seeking new revenue sources as print declines

Discussion: Vanity Fair, Agence France-Presse, Mashable, @maura, @lucy_meakin, @whitneymatheson, Eater, Consumerist, WPTZ, The New York Times Company, Fortune, @emilydreyfuss, @caseynewton, @npfosi, @jbenton, @gerryfsmith, @tomgara, @eatingla, @conorsen and @mikeisaac

Rishika Sadam / Reuters:

Time Inc Q1: digital ad revenue up 23.2% helped by digital acquisitions, total revenue up slightly to $690M — Time Inc revenue rises as digital acquisitions pay — Magazine publisher Time Inc's quarterly revenue rose for the first time in six quarters, helped by acquisitions in its digital business.

Discussion: The Wrap, Folio, AdExchanger, @carlquintanilla, MarketWatch, Business Wire and Digital Journal

Jeffrey A. Trachtenberg / Wall Street Journal:

Time Inc. announces People/Entertainment Weekly network, a free, ad-supported streaming service to launch in fall, focused on lifestyle and celebrities — Time Inc. to Launch People/Entertainment Weekly Streaming Network — Free, ad-supported network aims to launch in the fall and is still negotiating with distributors

Discussion: TechCrunch, Deadline, Los Angeles Times, EW.com, TimeInc.com Official Website and Bloomberg

Josh Constine / TechCrunch:

Periscope public beta allows users to permanently save broadcasts by typing #save in title of stream — Periscope mimics FB Live by letting you permanently #Save replays — Periscope added its biggest missing feature today in a move that could make it more palatable to brands and social stars …

Discussion: The Next Web, USA Today, CNET, USA Today, CNBC, Ubergizmo, Yahoo, MacRumors, Tech Insider, The Verge, Engadget and HYPEBEAST

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: Poynter, Editor & Publisher, Deadline, Politico, @howardowens, @rar, @ckrewson, @siddhmi, @poynter and @joepompeo

Tribune Publishing Co.:
Tribune Publishing board unanimously rejects Gannett offer, says it understates firm's value

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

Discussion: Editor & Publisher, Talking Biz News, investor.tribpub.com and The Wrap

Dominic Ponsford / Press Gazette:

Independent grows digital editorial team to 90 and website said to be in profit already — The Independent revealed today that its digital editorial team has now grown to 90 (double its size before the closure of the Independent print editions at the end of March).

Discussion: Journalism.co.uk

Shan Wang / Nieman Lab:

With a scripted daily comedy news show, Mic looks to add a little late night TV to the social video mold — None of my friends own (working) TVs. Left-leaning, smartphone-toting, annoyingly predictable content consumers that we are, we're instead constantly emailing each other links to clips …

Discussion: Digital Content Next

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: Washington Post, Talking Points Memo, @insidecablenews, @mlcalderone, Mediaite, The Huffington Post, @jackmirkinson, @passantino and @nycjim

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: TheJournal.ie, 10NEWS, American Press Institute, Mashable, @ryanchittum, @jbenton, @shansquared, @jbenton and Tampa Bay Times

Boris Kachka / Vulture:

Q&A with Jessa Crispin on shutting down lit-blog Bookslut after 14 years of making no money, literary criticism, and maintaining intentional non-professionalism — 'I Just Don't Find American Literature Interesting': Lit-Blog Pioneer Jessa Crispin Closes Bookslut, Does Not Bite Tongue

Discussion: @jbenton, @knottyyarn, @vulture, @straycarnivore, @jennydeluxe, @chelseagsummers, @mattdpearce, Vox and The Millions

Christine Hauser / New York Times:

Cartoonist Fired From Farm News for Pro-Farmer Cartoon — Rick Friday was not immediately available on Wednesday to explain why he was fired after two decades working as a cartoonist for Farm News. That is because he was feeding the cows on his Iowa farm, as he does early every morning before most people have gone to work.

Discussion: KCCI-TV

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More News:

Corey Hutchins / Columbia Journalism Review:
Charleston's family-owned The Post and Courier buys alt-weekly Free Times in Columbia, SC, hires McClatchy political reporter as editor, continuing expansion

Discussion: @cjr, @usprojectcjr, @megkinnardap, @andyshain, @coreyhutchins, @coreyhutchins, The Times and Democrat, Charleston Regional … and Post and Courier

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: Fortune, Awful Announcing, @jtramsay, @pkafka and @kevinmdraper

Earlier Picks:

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

Discussion: @rafat, @moneyries, @moneyries, @jonathanellis, @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, ZDNet, Business Wire, Vanity Fair, 21st Century Fox, Bloomberg, Broadcasting & Cable, Variety and Hollywood Reporter

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: vellumatlanta, Forbes, Gizmodo, Mobile Marketing, Daring Fireball, The Loop, Guardian, Bloomberg and Ubergizmo

From Techmeme:

Juli Clover / MacRumors:
The second developer beta of iOS 18.2 shows a “daily limit” for free access to “advanced” ChatGPT via Siri and an option to upgrade to ChatGPT Plus in Settings

Bloomberg:
Sources: OpenAI is in early talks with the California AG's office to become a for-profit company; letter: it also has discussed the shift with the Delaware AG

Mark Gurman / Bloomberg:
Sources: Apple is exploring a push into smart glasses by conducting an internal study, codenamed Atlas, to gather employee feedback on products on the market

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