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Twitter Ventures invests in SoundCloud; sources say investment is $70M in a round valuing SoundCloud at about $700M — Twitter wanted to buy the company a couple years ago; now it has invested $70 million instead. — Two years ago Twitter thought about buying SoundCloud, but ended up walking away from the music service.
J.K. Trotter / Gawker:
Lawyer Charles J. Harder, hired by Thiel for earlier lawsuits, wants Gawker to reveal sources and take down its investigation of Trump's hair — Is Donald Trump's Hair a $60,000 Weave? A Gawker Investigation Is Donald Trump's Hair a $60,000 Weave? A Gawker Investigation Is Donald Trump's Hair a $60,000 Weave?
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Margaret Sullivan / Washington Post:
Post Executive Editor Martin Baron says Trump coverage will continue “honorably, accurately, and unflinchingly” regardless of credentials — Does Donald Trump believe in the well-established role of the press in American democracy? It certainly doesn't look that way.
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Brian Stelter / CNNMoney:
Presidential candidate Donald Trump says he will not revoke press credentials of reporters if elected, as he has done with Washington Post, other news outlets — While Donald Trump's campaign is refusing to give press credentials to reporters from The Washington Post and several other news outlets …
Joseph Lichterman / Nieman Lab:
Facebook executive: Your News Feed will likely be “all video” in five years — A Facebook executive said Tuesday that she expects the social platform to probably be “all video” in five years. — Videos are now viewed 8 billion times daily on Facebook, up from 1 billion views a year ago …
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Anthony Ha / TechCrunch:
Tim Mahlman, head of AOL's publisher tools, takes charge of the company's ad-tech business too — AOL executive Tim Mahlman is getting a promotion. — The titles might not sound all that different — Mahlman was previously AOL's president of publisher platforms, and now he's president of AOL platforms.
Discussion:
Adweek, Ad Age and AdExchanger
Kelsey Sutton / Politico:
BuzzFeed fires two producers, Jenny Lorenzo and Brittany Ashley, over appearing in a web-series, citing non-compete clause most video staff are asked to sign — Two popular producers and personalities for BuzzFeed — Jenny Lorenzo, a writer, producer and actor for the company's English …
Discussion:
Wall Street Journal, @weinbergrrrrr and @elongreen
Joe Nocera / New York Times:
By creating a market for on-demand TV, Netflix spawned its own competitors and is struggling to survive, with a negative cash flow of nearly $1B — It helped to develop all the new ways we watch TV — on-demand, bingeing, mobile. But the Silicon Valley company still has to keep reinventing itself.
Jim Puzzanghera / Los Angeles Times:
Federal appeals court denies telecom petition challenging FCC's net neutrality rules — A federal court on Tuesday upheld tough new regulations for online traffic in a major victory for President Obama and a blow to telecommunications companies, which challenged the net neutrality rules.
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Robert Channick / Chicago Tribune:
Johnson Publishing sells Ebony, Jet magazines to Texas firm — Ebony covers featuring Vanessa Williams (1983), Muhammad Ali (1978), Nelson Mandela (1990) and President Barack Obama (2008). — After a 71-year run in Chicago, Johnson Publishing is getting out of publishing.
Discussion:
FishbowlNY, New York Post and MinOnline
Ben Popper / The Verge:
Rhapsody rebrands itself as Napster, the service it acquired in 2011 — Rhapsody is part of the old guard of music streaming services, launched way back in 2001 as Listen.com. It never got the traction of it's rival Spotify, and is now competing against titans like Apple and Google as well.
Discussion:
Rhapsody Music News, Android Police, BetaNews, Digital Trends, Engadget, @eringriffith, GeekWire, The Next Web, FACT Magazine and Complex
Roy J. Harris Jr / Poynter:
Pulitzer Prize boss Mike Pride says further expansion of the award is ‘probable’ — The 2016 Pulitzer Prize centennial is approaching its halfway point, with three of the Pulitzer organization's four planned “marquee events” behind it. Designed to celebrate the prizes' history …
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