Top News:
AP News:
The Wall Street Journal fires foreign affairs correspondent Jay Solomon after evidence emerges about his involvement in a prospective business deal with source — WASHINGTON (AP) — The Wall Street Journal has fired its highly regarded chief foreign affairs correspondent after evidence emerged …
Tom Glaisyer / DemocracyFund:
Democracy Fund and Knight Foundation pledge $2M during 2017 in campaign for nonprofit journalism, with $750K aimed at helping organizations find sustainability — This piece was co-authored by Tom Glaisyer and Jennifer Preston at Knight Foundation — We believe that journalism is essential …
Discussion:
@knightfdn, @jcstearns and @jcstearns
Josh Constine / TechCrunch:
Periscope debuts Super Hearts, which viewers can buy in-app using virtual coins starting at $0.99, earning creators a monthly pay-out — Periscope has a new revenue stream and a new way to attract the best live video content to its Twitter-owned app. Today Periscope launches Super Hearts …
Discussion:
Periscope, Medium, MediaNama, Tubefilter, Adweek, Business Insider, Recode, 9to5Mac, Fortune, Variety, VentureBeat and @lanceulanoff, more at Techmeme »
Caysey Welton / Folio:
Rodale hires advisers Allen & Company to explore the company's strategic options, including a possible sale — Rodale might be for sale. Or it might not be. That was the announcement the company sent out today. — In a release received by Folio: this afternoon, the company states …
Discussion:
Mediawire, Adweek, PR Newswire, Morning Call and Deadline
Austen Hufford / Wall Street Journal:
Many media startups are relying on unpaid student writers to fill their site with content, like Spoon University, which once had ~8,000 unpaid student writers — Chapter-based, for-profit media companies like Spoon University and Odyssey have been popping up in college markets across the U.S.
Discussion:
@kelseymsutton, @rosjordanaje, @fmanjoo, @armystrang, @pressleybaird, @polina_marinova, @kaitlinugolik, @mccarthyryanj, @amandaccoyne, @benmullin and @mlcalderone
Sydney Ember / New York Times:
Wenner Media to sell Men's Journal to American Media Inc., publisher of The National Enquirer and buyer of Us Weekly in March — First, Wenner Media sold nearly half of its ownership of Rolling Stone. Then it sold its celebrity magazine Us Weekly. And now, on the eve of Rolling Stone's …
Discussion:
@brian_donlon, @dealbook and @melbournecoal
Matt Rosoff / CNBC:
Jeff Bezos advice at Future of Newspapers conference: ads alone won't support investigative journalism; hire, don't eliminate workers; and ask people to pay — Jeff Bezos made his fortune founding Amazon, and spent $250 million of that fortune buying The Washington Post in 2013.
Discussion:
Poynter, @urvaksh, @vaughanroderick, @jeremymbarr and @mattrosoff
Steven Perlberg / BuzzFeed:
An inside look at how The Guardian's US operation has struggled to crack America, with some sources comparing it to a glorified foreign bureau for the UK paper — The Guardian's US newsroom didn't become the voice of the Bernie left during the election. It didn't break huge campaign scoops.
Discussion:
Talking New Media, @mlcalderone, @jayrosen_nyu, @mlcalderone, @csmcdaniel, @rafat, @chemzes, @palafo, @mlcalderone, @hg_watson, @jpodhoretz, @lvzwestcott and @leahfinnegan
John Eggerton / Broadcasting & Cable:
11 Democratic senators call on Justice Department to scrutinize AT&T/Time Warner merger for potential harm to consumers — Group says it has all the makings of a potentially anticompetitive behemoth — With only the Justice Department having to sign off on the AT&T-Time Warner merger …
Todd Spangler / Variety:
Wedding ad network BrideClick acquires assets of bankrupt Mode Media, will merge Mode's assets into new company Glam Inc — The assets of Mode Media, a once high-flying women's lifestyle digital media company that crashed into bankruptcy oblivion last year, have been acquired by BrideClick …
Wall Street Journal:
Altice USA prices IPO at $30/share, raising $1.92B, more than any other U.S.-listed telecom since 2000 and valuing the company at over $20B — The initial public offering of cable company Altice USA raised $1.9 billion, more money than any other U.S.-listed telecom since 2000, an encouraging sign for the beleaguered sector.
Discussion:
CNBC, Deadline and Bloomberg, more at Techmeme »
Ricardo Bilton / Nieman Lab:
A look at how The Economist is using Medium to give readers an inside look at its reporting and production via its Inside The Economist blog — “We're always asking: How do I know that I'm not wasting my time on a platform by chasing vanity metrics? If we focus on traffic, we miss quality."
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