Top News:
Business Wire:
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:
CNNMoney, Politico, Variety, @robertfeder, @mattdpearce, @benmullin, Fortune and Business Insider
RELATED:
Roger Yu / USA Today:
Tribune Publishing reports Q1 net loss of $6.5M, down from net profit of $2.5M last year, revenue flat at $398M; ad revenue falls, and circulation revenue rises — 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, The Wrap and Talking New Media
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.
Discussion:
Guardian, Daily Mail, Digital Trends, Mashable, TechSpot, AppAdvice.com Latest, Motherboard, RAIN News, AllAccess.com, Cult of Mac, CNBC, Computerworld, Billboard, CNET, Vulture, Macworld, TIME, Ars Technica, Quartz, USA Today, Variety, The Next Web, @joannastern, TechCrunch, Tech Insider, Rolling Stone, hypebot, Business Insider, Digital Trends, FACT Magazine, HYPEBEAST, AppleInsider, BGR, @sterlewine, Fortune, @bmccandless, ZDNet, Ubergizmo, Gizmodo, 9to5Mac, Music Ally and The Verge
RELATED:
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, Guardian, @danlevene, mUmBRELLA, @mathewi, @rupertmyers and City A.M.
RELATED:
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:
Politico, @cjsnowdon, @betheleri, @chuckthomasuk, @scottygb, @markwatts_1, @janemartinson, @patrickwintour and @mrsteerpike
Bloomberg:
Sources: YouTube is working on Unplugged, a paid subscription service offering streaming cable TV bundle, slated to debut as early as 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
Discussion:
Fast Company, BGR, New York Magazine, Vanity Fair, Variety, The Wrap, Digital Trends, Variety, TechSpot, AppleInsider, Tech Insider, Daily Mail, @peterlauria3, The Next Web, Engadget, @mathewi, Fortune, @shaliniwsj, @jasoninquires, MacRumors, 9to5Google, The Verge, @alistairmbarr and Mashable
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.
RELATED:
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 — Hulu Confirms Plans for Cable-Like Online TV Service — Streaming service says it's approaching 12 million subscribers
Discussion:
Multichannel News
Jacob Kastrenakes / The Verge:
Hulu now has 12 million subscribers, but growth is slowing
Hulu now has 12 million subscribers, but growth is slowing
Discussion:
TechCrunch, CED, The Drum, Multichannel News, The Wrap and CNNMoney
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, WWD and Ad Age
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:
Tampa Bay Times, USA Today, DRaysBay, WFLA-TV and Poynter
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.
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 — Cable Business Powers Fox Revenue Increase — Increases in subscription fees and ad dollars offset higher programming expenses
Discussion:
The Wrap, Broadcasting & Cable, Bloomberg, 21st Century Fox, Variety, Hollywood Reporter and Business Wire