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7:20 PM ET, May 9, 2017

Mediagazer

 Top News: 
Akin Oyedele / Business Insider:
Disney reports mixed Q2 results with net income of $2.4B, up 11% YoY, on $13.3B revenue, up 3% YoY; media networks operating income fell 3%  —  Walt Disney on Tuesday reported profits that topped expectations, but revenues that fell short of forecasts amid continued weakness at ESPN.
Hannah Al-Othman / BuzzFeed:
UK's Labour Party denied BuzzFeed access to its campaign events on Tuesday and said contact with party leader Corbyn would be limited for rest of campaign  —  Corbyn also claimed to BBC News that he had not told BuzzFeed News he would stay on as leader even if he lost the election.
Carli Velocci / The Wrap:
Memo: AwesomenessTV hires Jordan Levin, formerly CCO at the NFL Network, as CEO  —  Jordan Levin has been named the CEO of AwesomenessTV — a multimedia company that produces cross-platform content for younger audiences, TheWrap has learned.  —  Levin was introduced to employees Tuesday …
Press Association:
Rupert Murdoch ‘not worried’ about Fox News despite sexual harassment claims  —  Rupert Murdoch has said he is “not worried” about Fox News despite allegations of sexual harassment at the broadcaster.  —  The billionaire head of 21st Century Fox, which owns Fox News, said there was “nothing happening” at the station.
RELATED:
Ginger Adams Otis / New York Daily News:
Two more Fox News employees joined the race discrimination lawsuit on Monday, accusing the network of “plantation-style management”
Discussion: Mediaite
Georg Szalai / Hollywood Reporter:
Discovery Communications Q1: earnings of $215M, down 18% YoY, revenue up 3% to $1.61B, US ad revenue up 1%, and a slight decline in subscribers  —  CEO David Zaslav and his team unveil the cable networks company's latest financials.  —  Discovery Communications, the company behind …
Discussion: The Wrap, Multichannel News and Variety
RELATED:
Georg Szalai / Hollywood Reporter:   Discovery CEO Zaslav says US TV market does not offer consumers a “true” skinny bundle, as current offerings are priced at $40 instead of in the $8-$12 range
Ben Thompson / Stratechery:
To survive, local news should pivot away from advertising and focus instead on building subscriptions, a move that will reduce costs  —  It's hardly controversial to note that the traditional business model for most publishers, particularly newspapers, is obsolete.
David Gilbert / VICE News:
Facebook censors video of Thailand's king, blocking it for Thai users, as the government says it violates the country's laws banning criticism of the monarchy  —  Facebook confirmed to VICE News that last week it blocked anyone in Thailand from accessing the video showing 64-year-old King …
Kristine Phillips / Washington Post:
Bob Owens, editor of the popular pro-gun blog BearingArms.com, died on Monday in an apparent suicide  —  Bob Owens, editor of the popular pro-gun blog BearingArms.com, died Monday in an apparent suicide, authorities say.  —  Owens was found around 11 a.m. near a stop sign outside his subdivision …
Jessica Davies / Digiday:
Spiegel Online has assembled a team of 10 employees to create daily editions on Snapchat Discover, which Snap recently launched in Germany  —  Snapchat Discover is just two weeks old in Germany, but publisher Spiegel Online is betting big on the platform to reach the app's coveted young audience.
Sarah Perez / TechCrunch:
Tubi TV raises $20M Series B led by Jump Capital for its ad-supported streaming service, which has hits from years past like Silence of the Lambs and Gladiator  —  San Francisco-based Tubi TV has raised an additional $20 million for its advertising-supported streaming service for TV and movies.
David Leonhardt / New York Times:
In contrast with American journalists' approach to the Clinton email story, French journalists exercised sound judgment in covering the Macron hack  —  The hacked emails from Emmanuel Macron's French campaign appear to be spectacularly mundane, according to people who have read them.
Discussion: @nytopinion, New Yorker, AOL and Fortune
RELATED:
Rachel Donadio / New York Times:
The Macron hack had little effect on the French election likely due to bereft coverage and an absence of a robust right-wing broadcast media
 
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 More News: 
Natalia Wojcik / CNBC:
News Corp beats targets with Q3 revenue of $1.98B, up 5% YoY; news and information division revenues up 3% to $1.26B
Discussion: News Corp
Chris Roush / Talking Biz News:
Financial news site TheStreet posts Q1 loss of $1.2M, down from $3.4M last year, with revenue falling 5% to $15.3M; company may have stock delisted from Nasdaq
 Earlier Picks: 
Kristen Hare / Poynter:
The Minneapolis Star Tribune has digitized every article since 1867, charging $7.99 for 30-day access and $29.95 for a six-month subscription
Katie Rogers / New York Times:
Profile of Judy Woodruff, who has been covering Washington since 1977 and is now anchoring PBS NewsHour, with viewership up 20% YoY
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November

Bloomberg:
Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
 
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