Mediagazer: News Corp beats targets with Q3 revenue of $1.98B, up 5% YoY; news and information division revenues up 3% to $1.26B (Natalia Wojcik/CNBC)

5:26 PM ET, May 9, 2017

Top News:

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.

The Irish News:

Amazon launches Prime Live Events in UK, with exclusive tickets for members beginning with Blondie concert May 23; all shows will be available on Prime Video — Amazon has launched a live event programme for members of its Prime scheme to give them exclusive access to live music and other shows.

Discussion: The Guardian, @sarahdrinkwater, CNET, TechRadar.com, Music Industry Blog, campaignlive.co.uk, The Drum and Fast Company, more at Techmeme »

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.

Discussion: Mediaite, Variety, BBC, Washington Post, Broadcasting & Cable, Radio & Television …, Talking Points Memo, The Wrap, iNews, TVNewser and Deadline

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

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

Benjamin Mullin / Poynter:

Reuters names its first Rust Belt correspondent, its national affairs writer Tim Reid; he'll cover America's Midwest and Southeast, rotating through cities — After Donald Trump's election, the media whipped itself in public for failing to recognize just how much support he had outside of America's biggest cities.

Discussion: @jayrosen_nyu, @jcstearns, @youngsinick, @sarahkendzior and @rwfreeman

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.

Discussion: @bryandevasher, @noahchestnut, @pottsmark, @niemanlab, @mathewi, @taylorbuley, @newsmary, @mbrauchli, @vouchey, @eldon and @stratecherymo

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 …

Discussion: @davidhaleespn, @damianpenny, @sistertoldjah, Bearing Arms, @jaketapper, @capactionguns, @vpcinfo, @camedwards and The Daily Caller

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, AOL and Fortune

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

Discussion: @kylegriffin1, Washington Post, @nytimes, Refinery29, @nytimes, Observer, @shibleytelhami, @sewellchan, @bfriedmandc, @jonfavs, The Wrap, Al Jazeera English and Fortune

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 — Shares of Rupert Murdoch's News Corp. rose after the company reported an earnings beat on Tuesday. — Shares of the media group rose more than 2 percent in extended trading.

Discussion: News Corp

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.

Discussion: @benfritz, @pkafka, @lamonicabuzz, The Walt Disney Company and Investor's Business Daily

Heloise Wood / The Bookseller:

Milo Yiannopoulos says he plans to file a $10M lawsuit against publishers Simon & Schuster US, after they shelved his book — Two months after his book deal was shelved, Milo Yiannopoulos has announced he plans to self-publish his memoir and file a “$10m lawsuit” against former publishers Simon & Schuster US.

Discussion: Miami New Times, HuffPost, PinkNews, Bustle, Miami New Times and The Guardian

Lucas Shaw / Bloomberg:

Pandora announces $150M investment from private equity firm KKR as it posts $132M Q1 loss, resignation of two board members, new independent board committee — Pandora Media Inc. received $150 million from KKR & Co. and will step up its efforts to explore strategic options, including a possible sale of the internet radio company.

Discussion: Fortune, CNBC, Engadget, Music Business Worldwide, New York Times, Variety, Business Wire, Seeking Alpha, Radio & Television … and Axios, more at Techmeme »

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Dan Roberts / The Guardian:
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The Guardian:
Sources: Kelvin MacKenzie is leaving The Sun newspaper and is currently negotiating his exit, after penning a column containing racial slurs

Discussion: The Week, iNews, @sunapology and Financial Times

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Bloomberg:
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