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6:55 PM ET, May 5, 2016

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 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.
RELATED:
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 …
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
RELATED:
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 …
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 …
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
Mike Mullen / City Pages:
How union members at Minnesota's Pioneer Press are trying to find a local buyer for their hedge fund-owned paper  —  The plot to save the Pioneer Press from its hedge fund owners  —  Elizabeth Mohr spent March 31 crying at her desk.  Crying and typing.  —  A week earlier …
Discussion: @gregamarx
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
 
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 More News: 
Christine Hauser / New York Times:
Cartoonist Fired From Farm News for Pro-Farmer Cartoon
Discussion: @vines_n_cattle and KCCI-TV
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
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
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
 Earlier Picks: 
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.
Tribune Publishing Co.:
Tribune Publishing board unanimously rejects Gannett offer, says it understates firm's value
 

 
From Techmeme:

Ben Lovejoy / 9to5Mac:
Kuo: Apple's M5 chip to use TSMC's advanced N3P node; M5 Pro, Max, and Ultra will use a new server-grade SoIC packaging featuring separate CPU and GPU designs

Financial Times:
Sources: Meta plans to add displays to its Ray-Ban glasses as soon as H2 2025 to show notifications or AI responses, and has accelerated Orion's development

Ethan Mollick / One Useful Thing:
Google and OpenAI's AI product announcements over the past month have transformed the state of AI and show the breadth and pace of change
 
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