Top News:


Knight Foundation report: users spend 5% of mobile time on news sites and apps, Reddit users spend five times as much time in Reddit app than any other news app — People read the news on their smartphones (duh). They will even read longform (to a certain extent).
Discussion:
Poynter, medium.com, Knight Foundation, Knight Foundation, Medium, The Rural Blog, @poynter, @jcstearns, Medium, @knightfdn, @ejimbo_com and Medium


Axel Springer Q1: revenue up 4.6% to €783.4 adjusted, digital contributed to 67% of earnings, profit up to €203.2M — Italy's Mediaset and France's JC Decaux report disappointing results — FRANKFURT—Shares in Axel Springer SE fell sharply Wednesday despite it reporting …
Discussion:
The Star Online, @rafat, Bloomberg and Reuters
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Axel Springer CEO Mathias Döpfner wants to become the leading US digital publisher; company now has minority stake in 12 companies — Chief Executive Mathias Döpfner wants company to become the No. 1 digital publisher in every market it enters — BERLIN—German media giant Axel Springer SE …


Vlogger Hank Green responds to Irving Azoff's open letter to YouTube, says the platform protects needs of independent creators from multinational companies — Dear Irving Azoff: Being on YouTube is good for artists and record labels, and everybody knows it.
Discussion:
Digital Music News, Tubefilter, Billboard, @irvingazoff, Music Ally and The Wrap


YouTube tests letting users share and talk about videos in group message threads within the app, which others can be invited to join — We've all had it happen: You're talking with a friend, and the conversation turns to something that a YouTube video perfectly encapsulates.
Discussion:
Adweek, Mashable, Droid Life, Tubefilter, The Verge, The Next Web and iMore


GOP Sen. Thune sends letter to Zuckerberg asking for more details about curation of Facebook's Trending Topics; Facebook says it looks forward to cooperating — The US Senate Commerce Committee—which has jurisdiction over media issues, consumer protection issues, and internet communication …
Discussion:
New York Times, Columbia Journalism Review, The Verge, Nieman Lab, New York Times, Recode, CNNMoney, Vox, Yahoo! Finance, ABC News, 89.3 KPCC, US News, Quartz, Slate, The Hill, @fmanjoo, The Federalist, Techdirt, Fusion, Whither news?, the Econsultancy blog, Fortune, The Daily Caller, Guardian, The Drum, Commentary : NPR, The Huffington Post, USA Today, Peter O'Kelly's Reality Check, The Loop, NBC News, The Wrap, NPR, Mediaite, TIME, Broadcasting & Cable, Tom Stocky and Journalism News
RELATED:

Facebook's News Feed reflects what we already like, with far more influence than curators of Trending Topics
Discussion:
Guardian, The Loop and Fast Company


Seven months after launch, El Español finds it challenging to pursue both high traffic and subscriptions — Web traffic to the crowdfunded media outlet is higher than expected, says co-founder María Ramírez, but subscriptions are not keeping up — Credit: Screenshot of El Español


Sources: Apple planning to end iTunes music downloads in the next 2 to 4 years — Apple is preparing to abandon music downloads. — Apple is now preparing to completely terminate music download offerings on the iTunes Store, with an aggressive, two-year termination timetable actively being considered and gaining favor.
Discussion:
@olum_ikuenobe, @tomwarren, AppAdvice.com Latest, 9to5Mac, iMore, The Next Web, MacRumors and Business Insider


Hearst plans Snapchat Discover pop-up channels for Seventeen, Elle, and Harper's Bazaar — Snapchat users perusing the app's Discover section the last three weeks might have periodically noticed a prom-themed channel pop up from Hearst-owned Seventeen magazine.
Discussion:
@mattnavarra and FishbowlNY


Reuters study: 24% of UK journalists say publishing unverified info is sometimes justified — One in four UK journalists believe it is “justified” to publish unverified information, according to new research from the Reuters Institute for the Study of Journalism.
Discussion:
Reuters Institute …


Bloomberg gave $362,000 to keep Britain in European Union — BRUSSELS — Media giant Bloomberg gave $361,675 to the campaign fighting to keep Britain in the European Union, according to a watchdog that regulates election financing. — The donation, which the Electoral Commission listed as being in cash …
Discussion:
@miriamelder


Ripple.co launches out of beta, targets big cities with news feeds and contributed posts — Viki founder Razmig Hovaghimian launches a “city-focused news platform.” — The internet is a good place to learn lots of things. What's happening in your neighborhood is not one of them …