Top News:
Mat Smith / Engadget:
EU accepts Amazon's offer to withdraw strong-arm clauses in e-book contracts to settle antitrust case — The European Commission has accepted Amazon's changes to how it sells its e-books. Following a 2015 investigation over the retailer's anti-competitive behaviour, Amazon said back in January …
Discussion:
EU Press Room, Reuters, The Register, @moedas, @pressfuturist, @vestager and The Verge, more at Techmeme »
D.B. Hebbard / Talking New Media:
McClatchy lost $95.6M in Q1 due to falling print ads and impairment charges; total ad revenue was $119.9M, down 12% YoY, but digital ad revenue up 11.7% — With revenue dear, newsroom layoffs have been reported at several McClatchy-owned papers including yesterday at The Tribune in San Luis Obispo, California
Jeffrey A. Trachtenberg / Wall Street Journal:
Airbnbmag, a new print publication from Airbnb and Hearst, will launch May 23 with a circulation of 350K and stories sourced from Airbnb's anonymous data points — New print publication will roll out May 23 with a $3.99 cover price — When the new travel publication Airbnbmag hits select newsstands …
Discussion:
@deannating, @shalini, @joannacoles, @andrewgiambrone, @sapna and @alexjamesfitz
Seb Joseph / The Drum:
Axel Springer to stop using Google's ad server and adopt AppNexus technologies for its brands to generate ad revenue beginning 2018 — Business Insider-owner Axel Springer will stop using Google's ad server to generate advertising revenue and switch to one built by adtech outfit AppNexus as part of a wider partnership.
Discussion:
Digiday, eMarketer and Newsroom Posts, Mobile Marketing Magazine and Axel Springer SE
Nilagia McCoy / Shorenstein Center:
Shorenstein report: to fight false news, researchers should involve more conservatives, amplify facts and collaborate with journalists, and develop shared data — Recent shifts in the media ecosystem raise new concerns about the vulnerability of democratic societies to fake news and the public's limited ability to contain it.
Discussion:
@mmfa and Media Matters for America
Madeline Stone / Business Insider:
Email newsletter theSkimm says its weekly book recommendations have driven books up an average of 3K spots on Amazon's Best Sellers list — Every morning at 6:00 a.m., more than 5 million subscribers receive an email newsletter from theSkimm. — Launched by former NBC producers Danielle Weisberg …
Discussion:
@sulliview, @hadleypdxdc and @businessinsider
Jason Koebler / Motherboard:
For nearly three years, Canadian government has pursued the notes of former Motherboard editor Ben Makuch in court, affecting his job by damaging sources' trust — For nearly three years, our colleague and friend Ben Makuch has had the full weight of Canada's intelligence agencies …
Discussion:
@derektmead, @andrewwyrich, @workentin, @jackgillum, @jason_koebler, @james__harkin, @svnder and @hadas_gold
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Guido Fawkes:
MP Nadhim Zahawi wins £338K in libel case against Iranian state TV channel Press TV that falsely accused him of facilitating sale of oil between ISIS and Israel — Guido can reveal Tory MP Nadhim Zahawi has been awarded a stunning £338,000 payout after winning a libel case against Iranian state television channel Press TV.
Discussion:
@bill_cameron
Shalini Ramachandran / Wall Street Journal:
In its effort to create TV-like content, Snap has signed original show deals with NBCUniversal, Turner, others, and is in talks with CBS and Fox, sources say — Snap Inc.'s ambitious effort to create television-like content has old and new media companies alike clamoring to learn …
Dominic Ponsford / Press Gazette:
Guardian head of media Jane Martinson is stepping down, and business reporter Graham Ruddick has been promoted to media editor — Guardian head of media Jane Martinson is stepping down and business reporter Graham Ruddick has been promoted to media editor.
Discussion:
@grahamtruddick, @janemartinson, @bbckamal and The Guardian
Diana Marszalek / Broadcasting & Cable:
Sinclair Broadcast Group beats with Q1 revenue of $649.9M, up 12% YoY, with media revenues accounting for $602M as the company eyes deal for Tribune Media — Amid reports that it is vying to buy Tribune Media, Sinclair Broadcast Group said Wednesday that 2017 is shaping up to be ‘a pivotal year.’
Discussion:
Baltimore Business Journal, Baltimore Sun, Crain's New York Business and Radio & Television …
Michael Calderone / HuffPost:
FBI Director James Comey tells Congressional committee that a huge part of WikiLeaks activities has nothing to do with “legitimate” newsgathering — James Comey's remarks follow reports the Justice Department may prosecute Julian Assange over classified leaks.
Discussion:
Twitter, @mlcalderone, @trevortimm, @dangillmor, @79riptide, @pgeddington, Daily Wire and @trevortimm
Todd Spangler / Variety:
Pluto TV Inks Licensing Deals With Lionsgate, MGM, Warner Bros. for Library Titles — Pluto TV is bringing thousands of movies and TV shows — including “Silence of the Lambs” and “Mad Max” — to its free, ad-supported internet television service under pacts with Lionsgate, MGM and Warner Bros.
Discussion:
Multichannel News and PR Newswire
The New York Times Company:
The New York Times adds 308K digital news subscriptions in Q1, with overall revenue up 5% and digital ad revenue up 19% YoY; operating profit rises to $29M — The New York Times Company announced today first-quarter 2017 diluted earnings per share from continuing operations of $.08 compared …
Discussion:
Adweek, Associated Press, CNBC, WWD and Recode
RELATED:
Brian Flood / The Wrap:
The New York Times print ad sales dropped 17.9% YoY in Q1
Discussion:
Media Wire Daily and TechCrunch
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