Top News:
Todd Spangler / Variety:
Time Warner takes 10% stake in Hulu, joining Disney, 21st Century Fox, Comcast; Turner networks like CNN and Cartoon Network will be available at 2017 launch — Time Warner is taking a 10% stake in Hulu, joining previous owners Disney, 21st Century Fox and Comcast, and as part …
Discussion:
timewarner.com, The Wrap, Bloomberg, Radio & Television …, Multichannel News, Fortune, @elanazak, CNNMoney, Broadcasting & Cable, Bloomberg, Crain's New York Business, MacRumors, Guardian, Adweek, Home Media Magazine, @jasonkilar, Wall Street Journal, Forbes, Ad Age, @toddpack, @xpangler, @awolk, TechCrunch, Reuters, @edmundlee, Reuters, MarketWatch, Business Insider, Fast Company and 9to5Google
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Peter Kafka / Recode:
Time Warner buying 10% of Hulu for $583M, Time Warner CFO says during earnings call, will join Hulu's new pay TV service — This TV package is different from the rest. — After months of talks, Time Warner is buying a chunk of Hulu, the web TV service. — The deal means Time Warner …
Discussion:
Engadget, The Wrap, @pkafka, Consumerist, @andrewwamugi, @ericmortensen, @ischafer, @pkafka, @rosslevinsohn, @alexosterwalder, @pkafka and Broadcasting & Cable
New York Times:
Sources: internal investigators of sexual harassment allegations against Roger Ailes also examining whether other Fox News executives knew of improper behavior — Investigators looking into sexual harassment accusations against the former Fox News chairman Roger Ailes are also examining whether …
Jeffrey A. Trachtenberg / Wall Street Journal:
Sources: Time Inc. laying off around 110 people across the company — Move comes after significant restructuring by magazine publisher — Time Inc., which in recent weeks has undergone a major corporate reorganization and a retooling of its sales and marketing staff …
Discussion:
CNNMoney, The Wrap, FishbowlNY, Ad Age, Folio and Media Wire Daily
David Uberti / Columbia Journalism Review:
Jeff Zucker's defense of CNN's Corey Lewandowski is a textbook example of false balance and erodes the reputation of a “legitimate” news organization — In a rosy profile published Tuesday by Variety, “How Jeff Zucker Made CNN Great Again,” the network chief leveled …
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Brian Flood / The Wrap:
Tronc, formerly called Tribune, reports Q2 revenue of $405M, down 1.8% YoY — Tronc, Inc., the company formerly known as Tribune, reported second-quarter revenues of $405 million on Wednesday, a 1.8 percent drop from the previous year — but it would have been an even steeper 5.9 percent drop …
Discussion:
Nieman Lab, Politico, tronc, inc., Reuters, @daviduberti, @daviduberti and @petersterne
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Ken Doctor / Politico:
With Tronc's Q2 earnings due, Gannet could up its $15-a-share bid for the company, probably to $18-20; Tronc may acquire video startup Fresco News — Time for another Tronc (Tribune Publishing) quarterly financial report. Time for more intrigue. And this time, we can ask …
Discussion:
Vanity Fair, @springer, @kdoctor and @raju
Reuters:
21st Century Fox reports slightly better-than-expected Q4 results with net profit of $567M and revenue of $6.65B, up 7% YoY — Twenty-First Century Fox Inc (FOXA.O) reported a slightly better-than-expected quarterly profit, helped by higher ad revenue in its cable division.
Discussion:
The Wrap, Politico, Fortune, Broadcasting & Cable, USA Today, @victoriacraig, @leonlazaroff, 21cf.com, Fortune and @richbtig
Chris Roush / Talking Biz News:
Business Insider and Tech Insider to merge teams; TI Executive Editor Alyson Shontell becomes EIC of Business Insider US, while Blodget remains global EIC — Business Insider editor in chief Henry Blodget sent out the following announcement on Wednesday:
Discussion:
Wall Street Journal, FishbowlNY, @rafat, @mikeisaac, @aprilolanoff, @tomkludt, @taylorlorenz, @nichcarlson and @thestalwart
Joseph Lichterman / Nieman Lab:
European publishers are teaming together to translate the news to reach broader audiences — If Brexit drove home any point, it's that the fates of Europe's countries are deeply intertwined. Decisions made in Brussels — along with happenings in capitals across the continent — affect millions of people in dozens of countries.
Discussion:
@benmullin and VoxEurop.eu
Anthony Ha / TechCrunch:
Crowdsourced news service Ripple acquires neighborhood news startup Hoodline; Hoodline Editor In Chief Eric Eldon will continue in role — Ripple has acquired Hoodline, a deal that combines two different approaches to covering local news. — Founded by former Viki CEO Razmig Hovaghimian …
Discussion:
Recode, @mattervc, @hunterwalk, @chudson, TechCrunch, @rose_garrett, @jcstearns, @lightexposures, @lock and @mgsiegler
YouTube Blog:
YouTube Kids app now supports YouTube Red subscription service features in the US, Australia, and New Zealand, including offline viewing, ad-free videos — Back in October we launched YouTube Red, a paid membership that makes everything you love about YouTube even better …
Discussion:
Variety, TechCrunch, 9to5Google, Android Police, Mashable and Engadget
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