Top News:
Supantha Mukherjee / Reuters:
Tronc has confirmed it is selling the Los Angeles Times and a number of other newspapers to billionaire biotech investor Patrick Soon-Shiong for $500M in cash — (Reuters) - Tronc Inc (TRNC.O) said on Wednesday it would sell some newspapers, including the Los Angeles Times and the San Diego Union-Tribune …
Discussion:
TechCrunch, CNBC, Los Angeles Times, Bloomberg, New York Times, New York Times, Business Insider, @rachelking, Fast Company, @gerryfsmith, Deadline, CNNMoney, @latlands, Fortune, The Week, 89.3 KPCC, CNNMoney, @mollyesque, @jackshafer, Press Gazette, @chrismegerian, @bencjacobs, @kevinding, @billshaikin, @byrosenberg, @kenvogel, @petersterne, @jbflint, @mayorofla, @brianstelter and @gabekahn
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Meg James / Los Angeles Times:
Tronc forms new company, Tribune Interactive, with Ross Levinsohn as its CEO and ex-LA Times EIC Lewis D'Vorkin as its chief content officer — Biotech billionaire Patrick Soon-Shiong has agreed to purchase the Los Angeles Times from its parent company Tronc, restoring local ownership …
Ken Doctor / Nieman Lab:
Analysis of LA Times deal: factors that led to sale now, speculation on Soon-Shiong 's future strategy, a look at price, and a theory on a future Gannett role — Tronc is getting a big premium for its flagship asset, and the Times is getting a return to private, local ownership.
Discussion:
@sduncovered, @jayrosen_nyu, @laobserved, @scribeguy, @latlands, @markjacob16, @mattdpearce, BloombergQuint, NPR, Fortune, Politico, Mediawire, Splinter, LA Observed, @jayrosen_nyu, Variety, KTLA, NPR and Editor & Publisher
Hollywood Reporter:
Disney is developing a number of Star Wars series for its streaming service, CEO Bob Iger said during an earnings call on Tuesday — Disney CEO Bob Iger tells investors that the company is close to revealing at least one of the producing teams behind one of the projects.
Discussion:
StarWars.com, Slate, Tubefilter, The Playlist, Vanity Fair, @americanstnick, Deadline, The A.V. Club, /Film, CinemaBlend, Press Association and io9
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Peter Kafka / Recode:
Streaming service ESPN Plus launching next month at $4.99/mo; sources say it won't have ESPN cable channels' content, which still requires ESPN subscription
Discussion:
Adweek, Fast Company, CNBC, Forbes, The Wrap, Pocket-lint, TechCrunch, AppAdvice.com, Engadget, Slate, CNNMoney, CNBC, Associated Press, The Verge, @spingriffey, 9to5Mac and Broadcasting & Cable, more at Techmeme »
Christine Wang / CNBC:
Disney reports mixed Q1 results with revenue of $15.35B vs. $15.45B expected; media and networks, consumer and interactive, and studio units miss targets
Discussion:
/Film, Recode, Mashable, FierceCable, Broadcasting & Cable, The Wrap, The Playlist, The New York Observer, Variety, The Walt Disney Company, Variety and @jyarow
Sara Fischer / Axios:
Snapchat says it generated $100M in revenue for Discover's publishing partners in 2017, up from $58M in 2016 and $10M in 2015 — Snapchat says it generated $100 million in revenue for content partners on Discover in 2017, up from $58 million in 2016 and $10 million in 2015.
Discussion:
Recode, Wall Street Journal and @matildegiglio
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Wall Street Journal:
Snapchat is launching to tool to let TV networks pipe snippets of live broadcasts directly into the app, starting this Saturday with NBC's Olympics coverage — Deal could forge closer ties between traditional TV networks and Snapchat's parent company Snap Inc. — Georgia Wells and Benjamin Mullin
Discussion:
Ad Age, TechCrunch, The Next Web, @ctrlzee, @mathewi, @georgia_wells, @kerrymflynn, AppAdvice.com and 9to5Mac, more at Techmeme »
Adi Robertson / The Verge:
Reddit bans r/deepfakes, which was devoted to making AI-powered porn using celebrities' faces, and updates site-wide rules regarding “involuntary pornography” — Reddit has banned the r/deepfakes subreddit that's devoted to making AI-powered porn using celebrities' faces …
Discussion:
Mashable, New York Magazine, Motherboard, Engadget and reddit, more at Techmeme »
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Samantha Cole / Motherboard:
Pornhub says it's banning AI-generated fake porn videos because they're “nonconsensual”, yet such “deepfake” videos are still available via site search results
Discussion:
Engadget, The Verge, The Guardian, The Next Web, Fast Company, Mashable, The Verge, The Daily Dot and Trusted Reviews, more at Techmeme »
Keach Hagey / Wall Street Journal:
Sources: Vice Media missed its 2017 revenue target of $805M by $100M+, largely due to its Viceland TV channel; co-president Creighton unlikely to return to role — Digital media company misses revenue forecast; shareholders push company to turn a profit — Vice Media is facing uncertainty …
Discussion:
Fast Company, @sknthla, @keachhagey, @annehelen, @iankar_, @srabil, @asharma, @simonowens and @raju
Craig Silverman / BuzzFeed:
Russian trolls posed as black activists on Tumblr and generated hundreds of thousands of interactions with anti-Hillary Clinton, pro-Bernie Sanders content — Tumblrs run by Russian trolls generated hundreds of thousands of interactions with anti-Hillary Clinton, pro-Bernie Sanders content.
Discussion:
@donie, TechCrunch, @securedemocracy, The Stranger …, Engadget, @melissaryan, @20committee, @kylegriffin1, @d1gi, Business Insider and @profcarroll, more at Techmeme »
Anna Washenko / RAIN News:
RadioPublic launches Paid Listens, guarantees participating podcasters $20 CPM for every listen via its iOS and Android apps — Podcast company RadioPublic has adopted a new service for show creators to get paid for their work. The approach is designed for podcasts that don't have the scale …
Discussion:
RadioPublic, @mattervc, @evoterra and Fast Company
Jane Lytvynenko / BuzzFeed:
A look at 29 Facebook pages and sites of fake news publishers, which are using Instant Articles to help completely false stories load faster and earn revenue — Most fake news Instant Articles included ads from Facebook's advertising network. — While some mainstream publishers …
Discussion:
@profcarroll, @firstdraftnews, @janelytv, @craigsilverman, @niemanlab and @craigsilverman
Farhad Manjoo / New York Times:
The Information's Jessica Lessin and Stratechery's Ben Thompson argue differentiated content and online subscriptions form a viable model for local news outlets — You could almost hear the trumpets blaring in the background of Mark Zuckerberg's announcement last week that Facebook …
Discussion:
@fmanjoo, @brizzyc, @noahchestnut, @jbenton, @rbilton, @detour_detroit, @jessicalessin, @mathewi and @jarroddicker
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