Top News:
Chicago Tribune:
Michael Ferro sells stake in Chicago Tribune parent Tronc to McCormick Media for $208.6 million — Michael Ferro, who resigned last month as chairman of Chicago-based newspaper chain Tronc, has struck a deal to sell his entire stake in the company, according to a filing late Friday with the Securities and Exchange Commission.
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New York Times:
Profile: new owner of Los Angeles Times, biotech mogul Patrick Soon-Shiong, who plans to move LAT to suburbs, and pursued Dean Baquet and Marty Baron for EIC — LOS ANGELES — As a son of Chinese immigrants growing up in apartheid South Africa, Patrick Soon-Shiong spent his afternoons racing through …
Andrea Chang / Los Angeles Times:
Tronc fires Lewis D'Vorkin, chief content officer of Tribune Interactive, and lays off several dozen others, including LA-based video and online content teams — Former Los Angeles Times Editor in Chief Lewis D'Vorkin was fired by Tronc Inc. on Thursday and several dozen other employees of the company were laid off.
Berkeleyside:
Berkeleyside, a local news site in Berkeley, CA, completes its direct public offering and raises $1M, the first news site in the country to do so — Berkeleyside announced today that it has raised $1 million in capital from 355 of its readers, making it the first news site in the country to do a successful Direct Public Offering.
Discussion:
@may_gun, @frannydink, @tktaylor and The Lenfest Institute …
Tom Dotan / The Information:
Univision laid off another 150 people on Thursday across the company, including at Fusion Media Group — The cutting at Univision continues. The company laid off more than 150 people on Thursday, across the company, including at the beleaguered Fusion Media Group.
Discussion:
Variety, New York Post and The Wrap
Mark Gurman / Bloomberg:
Apple staff memo says it caught 29 leakers, including staff, contractors, and suppliers, in 2017, 12 arrested; memo implies possible legal action for leaks — Company memo says it found 29 ‘leakers’ last year, 12 arrested — CEO Tim Cook pledged to ‘double down’ on secrecy in 2012
Manish Singh / The Outline:
Sources: secure messaging app Telegram is being used to distribute pirated movies, TV, music, apps, and even stolen credentials for online services like Netflix — Law-abiding citizens: Please do NOT download. Thank you. — Since its launch in 2013, the instant messaging platform Telegram …
Discussion:
Reuters, BBC, Associated Press, @refsrc, Business Insider, @caseyjohnston and 9to5Mac, more at Techmeme »
Madison Malone Kircher / New York Magazine:
Sources: Snapchat redesign has led to metrics volatility for Discover publishers; Snap has invited publishers to daylong summits for discussion — When Snapchat first rolled out its redesigned app to a select group in January — users in Australia, Canada, and the United Kingdom — it was met with an immediate backlash.
Discussion:
Wall Street Journal
Tess Owen / VICE News:
Facebook removes pages linked to white nationalist Richard Spencer and The Nationalist Initiative's page; all pages are linked to “hate groups” by the SPLC — Two Facebook pages associated with white nationalist Richard Spencer have been kicked off the platform.
Discussion:
BuzzFeed, The Daily Dot, Complex, The Root, @misstessowen, @thedemcoalition, Engadget, @lydiacowling95, @jason_koebler and New York Magazine
Adam Thomas / European Journalism Centre:
The EJC, with €1.7M funding from the News Integrity Initiative and Civil, to offer grants to emerging EU media organizations in October 2018 and February 2019 — It's time to get serious about new journalism models — The European Journalism Centre believes journalists have a key role …
Discussion:
Journalism.co.uk and Nieman Lab
Tripti Lahiri / Quartz:
Malaysia passes “fake news” law that imposes a $100K+ fine and up to six years in jail on publishers thereof but government could judge what counts as fake news — A month ahead of a general election, Malaysia's new fake-news law has gone into effect—and journalists and rights groups …
Discussion:
SoyaCincau.com, Hawaii Public Radio's …, The Straits Times, NST Online, Free Malaysia Today and The Straits Times
Richard C. Paddock / New York Times:
At Wa Lone and Kyaw Soe Oo's trial, prosecution witnesses give inconsistent testimony, admit journos didn't betray any secrets that weren't already in the news — YANGON, Myanmar — Once a week, the two Reuters reporters are shuffled out of their prison cells in Yangon, Myanmar …
Discussion:
Asian Correspondent, NASDAQ.com, Press Gazette and Reporters Without Borders
Jon Brodkin / Ars Technica:
FCC Chairman Ajit Pai declines to investigate Sinclair after a dozen senators requested a probe under “news distortion” standard of the public interest test — Pai springs into action—and much faster than when Trump wanted to punish NBC. — Democratic lawmakers yesterday followed …
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