Top News:
Benjamin Mullin / Wall Street Journal:
The Outline raises $5.15M led by RRE at a $21.15M valuation; founder Joshua Topolsky says he avoided a larger raise to “create a sane business that's scalable” — Joshua Topolsky's digital-media startup, which is less than two years old, is now valued at $21.15 million
Discussion:
@hshaban and @whatthebit
New York Times:
Filing shows executives at Cambridge Analytica and SCL Group, along with the Mercer family, have moved to create a new firm, Emerdata, possibly for “rebranding” — The embattled political consulting firm Cambridge Analytica announced on Wednesday that it would cease most operations …
Discussion:
CA Commercial, The Register, Wall Street Journal, Jon Slattery, Business Insider, 9to5Mac and Boing Boing, more at Techmeme »
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Wall Street Journal:
Cambridge Analytica is shutting down following the Facebook data misuse scandal, says it was losing clients and facing mounting legal fees
Discussion:
Gizmodo, The Guardian, NBC News, Wired, Fast Company, Variety, The Verge, Business Insider, CNBC, Ad Age, Fast Company, Engadget, PAPER, Digital Trends, Vanity Fair, @profcarroll, Peter O'Kelly's Reality Check, Motherboard, VentureBeat, The Wrap, USA Today, @charlesarthur, @otto_english, @georgeslefo, Adweek, MediaPost, @marcialangton, @philipdalidakis, TechCrunch, The Next Web, Beyond Search, Slate, The Hill, @rubenkmajor, The Week, @timkmak, @mollymckew, @rebeccaballhaus, @darth, @kris_sacrebleu, @natashafatah, @justin_ling, @claire_phipps, @agschneiderman, @lachlan, @profcarroll and Mediaite, more at Techmeme »
Benjamin Mullin / Wall Street Journal:
Bloomberg's paywall, beginning Wednesday, costs $35/month, or $40/month with Businessweek subscription and events; non-subscribers can see 10 stories/month free — The paywall, which allows visitors to read 10 articles a month for free, includes a $39.99 option that comes with a subscription …
Discussion:
Business Insider, @cahnemily and @tomgara
Todd Spangler / Variety:
Refinery29 plans to launch Channel29, an ad-supported streaming channel, in Q4, and to expand events to Chicago and San Francisco — Refinery29, the media and entertainment player that targets millennial females, is the latest content company to plot an over-the-top video push.
Discussion:
Digiday, MediaPost, Adweek and Business Insider
Alan C. Miller / The News Literacy Project:
News Literacy Project refused to remove mentions of Turkey's press restrictions in presentation for UN Alliance of Civilizations; alliance then postpones event — The United Nations Alliance of Civilizations (UNAOC) indefinitely postponed an event at the U.N. tomorrow to observe World Press Freedom …
Discussion:
@waltmossberg, @raju, @farnazfassihi, @alanmillernlp and @farnazfassihi
Jessica Toonkel / Reuters:
Verizon's Oath signs distribution deal to place four of its apps, Newsroom, Yahoo Sports, Yahoo Finance, and Go90, on Samsung Galaxy S9/S9+ devices in the US — (Reuters) - Verizon Communications Inc's Oath Inc subsidiary has signed a deal to place four of its most popular apps on millions …
Discussion:
Ad Age, Gizmodo, Digital Trends, Techdirt, Droid Life, Ad Age, SlashGear, XDA Developers, @tylerrobb, The Drum, Android Police and The Verge
RELATED:
Anita Balakrishnan / CNBC:
Spotify reports first ever financial results with Q1 revenue of €1.139B, up 26% YoY, on operating loss of €41M; MAUs up 30% YoY to 170M — - The company posted a total user base of 170 million, with 75 million paid subscribers, in line with expectations.
Discussion:
Variety, Recode, TechCrunch, Cult of Mac, MacRumors, @jank0 and @pkafka, more at Techmeme »
Todd Spangler / Variety:
Video streaming service Philo offers three free months of Pandora Premium for new and existing customers, limited to the first 200K to sign up — Philo is teaming with music streamer Pandora in the hopes of luring more cord-cutters and cord-nevers to its skinny internet TV bundle …
Discussion:
Multichannel News, Engadget and TechCrunch
Borys Kit / Hollywood Reporter:
Gabriel Sherman, who wrote a book about Roger Ailes, will write a screenplay for a Donald Trump movie, The Apprentice, produced by Amy Baer via Gidden Media — The film will focus on the president's rise to power. — Donald Trump is getting the big-screen movie treatment in a film called …
Discussion:
The Wrap, The Wrap, Deadline, Mediaite, @ira, @jmrivera02 and The Daily Caller
Sahil Patel / Digiday:
ESPN is extending its SportsCenter brand to other platforms after success on Snapchat, with a new daily version for its ESPN app and a new live Twitter show — ESPN is extending “SportsCenter” to new platforms as it tries to revitalize its flagship TV franchise with new and younger viewers.
Discussion:
Variety
Sara Fischer / Axios:
Media exec Merrill Brown launches The News Project, a platform for news publishers, built by 10up, that includes AP wire access and uses Piano subscription tech — A group of media, journalism and tech companies has joined veteran media executive Merrill Brown to create …
David Beard / Poynter:
South Florida Sun Sentinel puts a moratorium on gun ads and apologizes for failing to follow its own policy of not placing gun ads on the front page — “It's a mess. It's horrible.” — That's Julie Anderson, editor-in-chief of the South Florida Sun Sentinel, reacting …
Discussion:
Miami New Times, Washington Post, Boing Boing, @fred_guttenberg, Sun-Sentinel, @fred_guttenberg, @sunsentinel, Associated Press and @juliea712
Karen K. Ho / Columbia Journalism Review:
Inside the finances of the WHCA in 2017: dinner cost $553K, made $805K, and $108K went to 25 scholarships, with the rest to operating expenses — White House Correspondent Association President Margaret Talev speaks at the WHCA dinner on Saturday, April 28, 2018. (Photo by Cheriss May/NurPhoto via Getty Images)
Discussion:
@roykenagy, @bgrueskin, @cashsports, Patrick F. Bagley, Chance Brown, Sadie Jernigan Valeri, @jayrosen_nyu and @oliverdarcy
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