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5:25 AM ET, May 8, 2018

Mediagazer

 Top News: 
Denver Newspaper Guild:
The Denver Post's newsroom releases a statement in support of former Editorial Page Editor Chuck Plunkett  —  To our readers:  —  Newspapers tell the truth.  —  They must.  Always.  —  That is why we, the newsroom of The Denver Post, are outraged at the unconscionable censorship imposed …
RELATED:
Ken Doctor / Nieman Lab:
Alden plans 10-15% budget cuts at the Denver Post and other DFM properties; sources say at least one lender to withdraw financing after editorial resignations  —  Former Denver Post owner Dean Singleton is upset that the paper he built “has been totally gutted of news coverage...It is breaking my heart.”
New York Times:
The Phnom Penh Post sold to Malaysian investor; senior editors ousted over a story about the connection between the investor's firm and the Cambodian government  —  PHNOM PENH, Cambodia — A newspaper widely seen as the last bastion of a free press in Cambodia has been sold to a Malaysian investor …
Peter Kafka / Recode:
Warner Music Group has sold 75% of its stake in Spotify for ~$400M; Sony said last week it sold about half of its Spotify shares for ~$750M  —  First Sony, now Warner Music Group.  —  As Spotify was getting its subscription music service off the ground, the world's biggest music labels took equity stakes in the company.
Discussion: @lucas_shaw, RAIN News, Ad Age and 9to5Mac
David Folkenflik / NPR:
Tronc agrees to recognize journalists' unions at its Chicago-area publications, including The Chicago Tribune, suburban outlets, and design/print center  —  The troubled Tronc media company agreed Sunday evening to recognize unions to represent journalists in negotiations at its Chicago-area publications …
Peter Kafka / Recode:
YouTube reached an agreement with Vevo last year, in an unannounced deal, to sell Vevo's clips directly to advertisers as part of Google Preferred  —  Good for YouTube and for the music labels.  What about for Vevo?  —  The world's biggest video site is also the world's biggest music video site.
Sara Fischer / Axios:
Cheddar, the streaming video network dubbed the “CNBC for millennials”, is launching its own business-focused news channel for Snapchat Discover  —  Cheddar, the streaming video network dubbed the “CNBC for millennials” is launching its own business-focused news channel for Snapchat Discover.
Steph Harmon / The Guardian:
Speaking at a panel at Sydney Writers' Festival, journalists like WaPo's Irin Carmon and NYT's Jenna Wortham discussed the difficulties of covering #MeToo  —  For anyone who thought the movement had lost momentum, the last few days have proved otherwise  —  Hours before the cornerstone …
Discussion: Melville House Books
Nicholas Kristof / New York Times:
Coverage of Donald Trump has become part of the media's business model in 2018, leaving too little room for coverage of issues like the opiod crisis  —  We in the commentariat complain about President Trump, but we're locked in a symbiotic relationship with him.
Natalie Jarvey / Hollywood Reporter:
A look at what Hollywood insiders are using cryptocurrencies for: investing, financing and distributing films, and, in one instance, a plot point in a romcom  —  It's little shock the volatile virtual currency has the attention of entertainment industry speculators (and their wary business managers) …
Discussion: Fortune and Recode
New York Daily News:
A New York Post police reporter was fired after admitting a “brief personal relationship” with a prostitute who was a source for his story on police corruption  —  The New York Post's police bureau chief was axed after admitting he had an affair with a hooker who's the star witness …
Discussion: NEWS.com.au and Daily Mail
 
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 More News: 
Natalie Jarvey / Hollywood Reporter:
The Interactive Advertising Bureau, organizer of the Digital Content NewFronts, is bringing the event to LA in October this year for two days
New York Times:
Writer Zinzi Clemmons accuses novelist Junot Díaz of forcibly kissing her and of writing an autobiographical essay in the New Yorker to pre-empt accusations
 Earlier Picks: 
Financial Times:
Baidu, Alibaba, and Tencent are investing heavily in short videos as the format explodes in China; analyst says the top four apps had 582M users last quarter
 

 
From Techmeme:

Devindra Hardawar / Engadget:
Mac mini (2024) review: incredibly fast with the M4 Pro, well-equipped for creative work, and smaller design takes less space, but spec upgrades are overpriced

Jonathan Vanian / CNBC:
Pinterest reports Q3 revenue up 18% YoY to $898M, vs. $896M est., MAUs up 11% to a record 537M, but forecasts Q4 revenue below est.; PINS drops 13%+ after hours

Ashley Capoot / CNBC:
Airbnb reports Q3 revenue up 10% YoY to $3.73B, vs. $3.72B est., and Nights and Experiences Booked up 8% to 122.8M, vs. 121.4M est.; ABNB jumps 5%+ after hours
 
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