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5:45 AM ET, May 7, 2016

Mediagazer

 Top News: 
Fortune:
Insiders talk about the decline of Sumner Redstone and how the competence trial could impact the future of CBS and Viacom  —  The Disturbing Decline of Sumner Redstone (Part 1 of 3)  —  With a trial about to begin, lurid and alarming details of the billionaire's condition and the scheming around him continue to emerge.
RELATED:
New York Times:
Deposition of Sumner M. Redstone  —  A transcript of videotaped testimony of Mr. Redstone, taken Thursday at his Los Angeles mansion.  The document includes some vulgar language.
Joe Flint / Wall Street Journal:
In videotaped deposition, Sumner Redstone denigrates former housemate and says he wants his daughter, Shari Redstone, to be his health-care agent  —  Videotaped Deposition of Sumner Redstone Airs in Competency Case  —  With help of interpreter, media mogul says he wants former companion who brought suit out of his life
Emily Steel / New York Times:
Competency trial begins Friday for Sumner Redstone, with implications for his media empire of Viacom, CBS, and more
Sarah Perez / TechCrunch:
Apple Music's new student membership option discounts the service by 50%  —  Amid news that Apple Music is getting a makeover come this summer, Apple today launched a new plan to boost subscribers to its streaming music service and competitor to Spotify, SoundCloud, Tidal and others.
Stephanie Grimes:
Las Vegas Review Journal fires Features Editor Stephanie Grimes, who had live tweeted an early staff meeting after Adelson sale  —  Why I'm out at the Las Vegas Review-Journal … In the five months since the Las Vegas Review-Journal was sold to the family of Sheldon Adelson for an obscene amount of money …
Deepa Seetharaman / Wall Street Journal:
LinkedIn Buys Run Hop, Seeks to Make Feeds More Engaging  —  Run Hop co-founders find new roles with LinkedIn  —  LinkedIn Corp. snapped up Run Hop Inc., a small startup specializing in online content distribution, to accelerate its efforts to make users' feeds more engaging.
Peter Kafka / Re/code:
Warner's Q1 music streaming sales up $72M, making it the biggest source of revenue, more than 50% from outside US; downloads down $17M, physical copies down $6M  —  Streaming music has become Warner Music's biggest business  —  Another milestone in the music industry's shift to streaming …
RELATED:
Reuters:
Assailant tries to shoot prominent Turkish journalist outside court
Alex Spence / Politico:
News Corp faces continuing ad revenue slump and circulation revenue decline at UK's Sun, Times, and Sunday Times  —  Slump at Sun and Times adds to Fleet Street's advertising woes  —  NEW YORK — Advertising revenues from News Corp's British newspapers fell by a “mid-teens” …
RELATED:
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
Cynthia Littleton / Variety:
Gannett Slams Tribune Publishing Chairman Michael Ferro; Oaktree Pushes for Merger Talks … Gannett Co. has taken aim at Tribune Publishing chairman Michael Ferro in its latest salvo in the acquisition fight that began last month.  Meanwhile, Tribune Publishing shareholder Oaktree Capital …
Mike Masnick / Techdirt:
Homeland Security Investigations considering sending a subpoena to Techdirt, seeking to identify a commenter on asset forfeiture post  —  Homeland Security Wants To Subpoena Us Over A Clearly Hyperbolic Techdirt Comment  —  Earlier this week, one of our writers, Tim Cushing …
Todd Spangler / Variety:
Vice's Shane Smith promises 20 TV channels in Europe and Asia and six new digital channels this year: health, gaming, travel, LGBTQ, money, sustainability  —  Vice to Launch 6 New Vertical Sites, 20 TV Channels Worldwide This Year  —  Shane Smith was lying flat on his back at the start of Vice's Digital Content NewFront presentation.
 
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Joseph Lichterman / Nieman Lab:
With new columns and newsletters, ProPublica is trying to attract new readers and have more fun
James Pinkstone / Vellum:
Composer claims Apple deleted 122GB of music from his laptop and replaced some songs with more widely available versions after he subscribed to Apple Music
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
Discussion: @raju
 

 
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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