Top News:
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:
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Roy Greenslade / Guardian:
New Day failed because of unclear pricing, early deadlines, and a timid launch on the cheap with little staff investment — Why The New Day didn't work... and had no hope of working — The New Day's demise is no surprise. A couple of weeks after its launch I blurted out at a Media Society seminar …
Pew Research Center:
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, Quartz, FishbowlDC, Journalism.org, Washington Post, Agence France-Presse, @digiphile, @sarahjeong, @moorehn, Poynter, Mashable and FishbowlNY
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
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, Business Wire, Digital Journal and MarketWatch
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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
Discussion:
Adweek, Folio, Los Angeles Times, EW.com, TimeInc.com Official Website, TechCrunch, Deadline and Bloomberg
Eugene Kim / Business Insider:
Report: Katie Couric mulls an exit from Yahoo less than a year after signing $10M contract — Katie Couric is looking to jump ship from Yahoo — Katie Couric is mulling an exit from Yahoo, just a year after signing a new contract worth $10 million last year, according to the New York Post.
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 …
Kshitiz Goliya / Reuters:
News Corp quarterly revenue falls 7.3% to $1.89B; firm reports net loss of $149M due to one-time charge from a lawsuit — News Corp's quarterly revenue falls 7.3 percent, profit hit by charge — News Corp (NWSA.O), owner of the Wall Street Journal and book publisher HarperCollins …
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
Alex Kantrowitz / BuzzFeed:
Sources: LinkedIn has held talks with publishers about introducing its own version of Facebook's Instant Articles — LinkedIn Exploring Its Own Version Of Facebook's Instant Articles — Exploratory talks with publishers in the works. — LinkedIn is considering introducing its own version …
Discussion:
Scripting News, @paul__armstrong, @fheinderyckx and @mhess4
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
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:
@vines_n_cattle and KCCI-TV
Tribune Publishing Co.:
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
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