Top News:
Recode:
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.
Discussion:
Financial Times, ZDNet, @hunterwalk, Digital Trends, MediaNama, New York Times, Digital Music News, Fortune, @adamsinger, Variety, TechCrunch, Engadget, Business Insider, The Wrap, The FADER, @shiraovide and FACT Magazine
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?
Discussion:
The Verge, @jjn1, @sarahjeong, @rtushnet, @ggreenwald, Heat Street, New York Times, The Week, @fmanjoo, @jayrosen_nyu, @natesilver538, @joshtpm, @gaberivera, @gitagovinda, @dangillmor, @tomscocca, @davidfolkenflik, @juliaioffe, The Wrap, @jeffjohnroberts, @nicknotned, @weareyourfek, @weareyourfek, @coreypein, @tomgara, @nickbaumann, @wyatt_williams, @hc, @mattbuchanan, @karabrandeisky, @dcwoodruff and @johnrobinson
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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David Bond / Financial Times:
Reuters Institute: 53% of online news consumers prefer sites like Facebook, YouTube, Twitter over traditional media sites; 44% use Facebook for news each week — More than half of all online news consumers are turning to social networking sites such as Facebook, YouTube and Twitter ahead …
Discussion:
Nieman Lab and @risj_oxford
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.
Discussion:
Politico, New York Times, Variety, Forbes, Broadcasting & Cable, Washington Post, The Verge, Broadcasting & Cable, Ars Technica UK, @senatortomudall, MacRumors, @russfeingold, Wired, VentureBeat, Bloomberg, The Hill, @sentedcruz, @mimbsy, The FADER, Los Angeles Times, WebProNews, Newsy, Ad Age, Hit & Run, Washington Post, LawNewz, Home Media Magazine, Wall Street Journal, RT, Broadcasting & Cable, @karlbode, @recode, Fast Company, Ars Technica, Peter O'Kelly's Reality Check, Philly.com, CNBC, The Hill, @fcc, PCWorld, US News, New York Daily News, Vox, NBC News, New York Magazine, NPR, @tomwheelerfcc, Washington Post, Recode, Forbes, ThinkProgress, Mother Jones, Associated Press, Recode, BuzzFeed, Motherboard, The Atlantic, Gizmodo, CNET, The Huffington Post, Engadget, Boing Boing, @fcc, USA Today, Fortune, Reuters and Hollywood Reporter
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.
Discussion:
KABE-LP, CNNMoney, New York Times, @bryanburrough, @christopherjm, @wpjenna, Politico, Washington Post, @ndebruin, @mlcalderone, Mediaite, @mlcalderone, @brianstelter, The Huffington Post, Mediaite, @wpjenna, @jdiamond1, @wpjenna, @ericawerner, @frankthorp, Jack D. Lail, The Buttry Diary, The Week, Bloomberg, The Wrap, Broadcasting & Cable, New York Magazine, Reporters Without Borders, Washingtonian, Business Insider, CBS Los Angeles and Mother Jones
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CNNMoney:
Donald Trump revokes Washington Post press credentials, bars reporters from campaign events, calls the newspaper “phony and dishonest”
Discussion:
Techdirt, Vanity Fair, @wpjenna, Washington Post, Slate, The Huffington Post, @markusoff, The Week, Wall Street Journal, @buzzfeedandrew, @mikeindustries, Talking New Media, Politico, Mediaite, Esquire, FTVLive, New York Magazine, Newser, BuzzFeed, AOL, New York Times, NewBostonPost, Donald J. Trump, The Wrap, Slate, @edsall, UPI, Media Matters for America, Newsy, RedState, Guardian, The Gateway Pundit, Media Matters for America, The Verge and @anntelnaes
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, @eringriffith, Engadget, GeekWire, The Next Web, FACT Magazine and Complex
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:
Folio, FishbowlNY and New York Post
Benjamin Mullin / Poynter:
With a staff of 13, the guns-focused nonprofit Trace covered the Orlando shooting primarily with curation, adding context — If reporters at The Trace covered every shooting in the United States, they would never sleep. — So far this year, the guns-focused nonprofit has tallied …
Discussion:
Business Insider, The Trace, Washington Post and Guardian
RELATED:
Natalie Jarvey / Hollywood Reporter:
Comcast Ventures leads $6.8M round in virtual reality firm Felix & Paul Studios — EMAIL ME — The cable giant led a $6.8 million round. — Comcast Ventures has led a $6.8 million investment in virtual reality firm Felix & Paul Studios. — The Montreal-based company …
Sarah Kessler / Fast Company:
YouTube star Hank Green launches non-profit, the Internet Creator's Guild, to protect the rights of content creators — One of YouTube's most popular creators, Hank Green, launched the nonprofit to actively promote the interests of online video makers. — Last year, when YouTube launched YouTube Red …
Discussion:
Mashable
Maria Chutchian / Forbes:
Judge to rule Wednesday on whether bankruptcy court's protection for Gawker extends to Nick Denton — Gawker Media's last-ditch effort to protect itself from a debilitating $140 million judgment using Chapter 11 may be a novel strategy to the media world but pharmaceutical and casino companies alike …
Discussion:
Ad Age and The New York Observer
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