Top News:


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:
The Wrap, Fortune, The Wrap, Ad Age, Broadcasting & Cable, @benfritz, @pkafka, @lamonicabuzz, The Walt Disney Company and Investor's Business Daily


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.
Discussion:
BuzzFeed, @buzzfeedben, Press Gazette, BBC, @thattimwalker, Coffee House, @aljwhite, @ccriadoperez, @davidmaraniss, @joefcozza, @jimwaterson, @jamesrbuk, @buzzfeedukpol, @conorpope, @gabrielcsgavin, @janinegibson, @gelliottmorris, iNews, Business Insider, The Guardian, Guido Fawkes and Daily Mail


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 »


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, Broadcasting & Cable, Washington Post, The Wrap, iNews, Talking Points Memo, Radio & Television …, TVNewser and Deadline
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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
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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

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, @newsmary, @mbrauchli, @vouchey, @eldon, @stratecherymo and @taylorbuley


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 …


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


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.


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. — The stock was up more than 2 percent in extended trading.
Discussion:
News Corp


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


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