Mediagazer: Under terms of proposed new funding deal for SoundCloud, former Vimeo CEO Kerry Trainor would replace Alex Ljung as CEO, who would stay on as chair of the board (Peter Kafka/Recode)

7:35 PM ET, August 10, 2017

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Brian Stelter / CNNMoney:

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Dan Primack / Axios:

Memo: SoundCloud asks investors to approve reorganization proposal, if accepted, new $170M round will close Friday at pre-money valuation of $150M — Tomorrow is do or die for SoundCloud, the struggling streaming music company that recently laid off 40% of its staff despite having raised over $230 million in venture capital.

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Peter Kafka / Recode:

Under terms of proposed new funding deal for SoundCloud, former Vimeo CEO Kerry Trainor would replace Alex Ljung as CEO, who would stay on as chair of the board — Investors want to replace founder Alex Ljung with former Vimeo CEO Kerry Trainor. — Investors want to replace the CEO of SoundCloud …

Discussion: Business Insider, more at Techmeme »

Sara Fischer / Axios:

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Oliver Darcy / CNNMoney:

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Georgia Wells / Wall Street Journal:

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Steven Perlberg / BuzzFeed:

Profile of Josh Raffel, a 33-year-old White House spokesman who handles PR for Jared Kushner and Ivanka Trump — When reporters are working on stories that involve Jared Kushner and Ivanka Trump, they hear from Josh Raffel, a tough, former New York City flack now inside the White House.

Amy Caren Daniel / Reuters:

News Corp misses Q4 targets with a net loss of $430M and revenue of $2.08B, down 7% YoY, with print ad revenue down 12% and subscription revenue down 9% YoY — (Reuters) - News Corp (NWSA.O) reported fourth-quarter revenue that missed estimates as the owner of the Wall Street Journal was hurt by decling demand for print advertising.

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Todd Spangler / Variety:

Adam Ostrow, Mashable's chief strategy officer and board member, leaves to become chief digital officer for local broadcasting and media company Tegna — Tegna, the local TV broadcasting and media company that spun out from Gannett, has hired Adam Ostrow — who was the second employee hired …

Discussion: Radio & Television …, TVSpy and Broadcasting & Cable

Tom Kludt / CNNMoney:

ABC News paid $177M+ to settle “pink slime” lawsuit earlier this year according to earnings report from network's parent company Disney — ABC News made an historically large payout to settle a defamation lawsuit earlier this summer, according to a new financial release …

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David Uberti / Splinter:

61% of BuzzFeed News staffers identify as white, down from 69% two years ago, while the number of Hispanic employees has stagnated, according to company data — BuzzFeed News' staff is generally becoming more representative of the communities it aims to cover and the audiences it tries to reach …

Discussion: @daviduberti, @daviduberti, @mattmittenthal and @daviduberti

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