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12:40 AM ET, May 8, 2018

Mediagazer

 Top News: 
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.”
RELATED:
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 …
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 …
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: Recode and Fortune
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
RELATED:
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
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.
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.
RELATED:
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: RAIN News, Ad Age, 9to5Mac and @lucas_shaw
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.
Natalie Jarvey / Hollywood Reporter:
The Interactive Advertising Bureau, organiser of the Digital Content NewFronts, is bringing the event to LA in October this year for two days  —  NewFronts organizer the Interactive Advertising Bureau will hold the two-day event at NeueHouse in Hollywood.  —  The Digital Content NewFronts are headed west.
 
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From Techmeme:

A.J. Vicens / Reuters:
US and Canadian agencies warn that Chinese hackers are using Brickstorm malware to penetrate and maintain backdoor access to unnamed government and IT entities

Rolfe Winkler / Wall Street Journal:
A review of LinkedIn profiles shows dozens of Apple employees with expertise in audio, watch design, robotics, and more left to join OpenAI in recent months

Shashwat Chauhan / Reuters:
The US CFTC announces that spot crypto asset contracts will begin trading for the first time on CFTC-registered futures exchanges
 
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