Mediagazer: CBS board of directors votes to issue dividend that would dilute Redstone family's interest from about 80% to 20% and postpones annual meeting (Trey Williams/The Wrap)

10:30 PM ET, May 17, 2018

Top News:

Trey Williams / The Wrap:

CBS board of directors votes to issue dividend that would dilute Redstone family's interest from about 80% to 20% and postpones annual meeting — CBS Corporation's board of directors voted on Thursday to dilute controlling shareholder Shari Redstone's interest to 20 percent from roughly 80 percent.

Discussion: New York Times, Radio & Television …, Multichannel News, Hollywood Reporter, @cnbcnow, Broadcasting & Cable, New York Times, @gadyepstein, Recode, MediaPost and Wall Street Journal

Meg James / Los Angeles Times:
Judge rules in favor of Redstone family's National Amusements, allowing them to keep tight control over CBS ahead of planned board meeting

Discussion: Variety, Radio & Television …, @brianstelter, Bloomberg, CNNMoney, Hollywood Reporter and Hollywood Reporter

Erik Wemple / Washington Post:

The New York Times admits it buried information about the FBI's investigation of the Trump campaign in a front-page story just before the 2016 election — The upside of the New York Times' aggressive coverage of the FBI investigation into Russian election meddling is that the American public …

Discussion: Wired, @johnmcquaid, Slate, Poynter, Politico, The Rush Limbaugh Show, The Daily Caller, @kimmasters, @natesilver538, @ericboehlert, @johnmcquaid, @theplumlinegs, @johnmcquaid and @johnmcquaid

Peter Kafka / Recode:

YouTube launching a paid version of YouTube Music next week at $10/month; YouTube Red being replaced by YouTube Premium at $12/month — YouTube Music is launching Tuesday, and YouTube Red is going away. It's being replaced by YouTube Premium, and it will cost extra.

Discussion: Music Industry Blog, BuzzFeed, YouTube Blog, /Film, Ad Age, Lefsetz Letter, VentureBeat, @recode, Gizmodo, MediaPost, @inagames, The Verge, Music Ally, The FADER, @pitchfork, Engadget, @pkafka, @g0ffthew, @film_girl and 9to5Mac, more at Techmeme »

Max Willens / Digiday:

Gizmodo Media Group launches The Inventory, a commerce site with product guides, travel deals, and more, with an initial staff of four — Gizmodo Media Group turned commerce content into revenue before it was cool by serving up deals and focusing relentlessly on what its audience wanted.

Discussion: The Inventory, MediaPost, Fusion Media Group and @raju

Jon Levine / The Wrap:

Fox News names Suzanne Scott as its new CEO; Scott was previously president for programming and development — Fox News has named Suzanne Scott as its new Chief Executive Officer, the company announced on Thursday. — “Suzanne has been instrumental in the success of Fox News …

Discussion: Multichannel News, Vanity Fair, The Daily Beast, Variety, Mediaite, The Daily Caller, Hollywood Reporter, @nycsouthpaw, @claireatki, BBC and CNNMoney

The GroundTruth Project:

Report for America, a national service program that places journalists into local newsrooms, announces its full 2018 class of 13 journalists — NEW YORK — Report for America, a non-partisan national service program that places journalists into local newsrooms, has announced its complete Class of 2018.

Discussion: Report for America, Chicago Sun Times, @report4america, @obedmanuel and @groundtruth

Deadline Detroit:

Reporters and ex-students detail history of inappropriate behavior by Jack Lessenberry, head of Wayne State's comms dept., Toledo writing coach, and MPR analyst — The authors, 2004 graduates of Wayne State University, are freelance writers and former students of Jack Lessenberry.

Discussion: @apstamm, @thomasmorgan, @nwarikoo, @bladeguild, Deadline Detroit, @chadlivengood, Deadline Detroit and @wynneeverett

BuzzFeed:

YouTube's Super Chats, which allow paid comments on live streams, are partially underwriting videos with hate speech; YouTube says it will revisit policies — During one livestream, someone using the screen name National Socialist spent $100 to display the message “WHITE PRIDE WORLD WIDE!”

Discussion: The Hill, @gadyepstein, @chantalbraganza, @craigsilverman, @veille_nc, @alextohme and @mrbrianhughes, more at Techmeme »

Mark Sweney / The Guardian:

Digital radio audience surpasses FM and AM radio in the UK for the first time in Q1 2018 in part thanks to Alexa; listening online and via apps grew 17% YoY — Smart speakers influence debate about switching off analogue signal in UK — The popularity of Amazon's Echo smart speakers …

Discussion: @louisen91316

Rael Ombuor / Voice of America:

Kenya passes broadly worded cybercrime law that criminalizes online bullying and “fake news” with potential penalty of two years in jail and/or up to $50K fine — Kenya has approved a controversial new cybercrimes law that threatens heavy penalties for people who abuse others via social media …

Discussion: Reuters, BusinessLIVE and Freedom House

Mathew Ingram / Columbia Journalism Review:

Accepting funding from Google and Facebook raises tough questions for media and researchers about influence, conflict of interest, and working with competitors — In March, Google announced with much fanfare the launch of the Google News Initiative, a $300 million program aimed at …

Discussion: Nieman Lab, @datatheism, @sophienadeau, @digiphile, @asherschechter, @soktaykilic, @farai, @asherschechter, @elvanathaci, @grove, @emilybell, One Man & His Blog, @lauraelizdavis, @emilybell, @jason_kint, @jon_allsop, @jbenton, @mathewi, @digiphile, @digiphile and @mollydeaguiar, Thanks:@adders

Todd Spangler / Variety:

YouTube TV adds channels for Tastemade and TYT Network, with 10 new series from Tastemade in 2018 and four new shows from TYT at launch — YouTube TV is bringing two digital-first media companies — Tastemade and TYT Network (aka the Young Turks) — into the pay-TV realm.

Discussion: TVNewser, 9to5Google, VideoInk, VideoInk, Engadget and Mediaite

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