Top News:
David Streitfeld / New York Times:
Marc Benioff says he won't get involved operationally in Time, which will remain in New York, with Meredith remaining a key partner — While having a massage late Sunday, the West Coast-based tech billionaire discussed via text message why he was entering the East Coast-based media industry …
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Peter Kafka / Recode:
After Time magazine's sale, questions remain about the future of Fortune, Money, and Sports Illustrated, which Meredith has been trying to sell for most of 2018 — Marc Benioff paid a surprising $190 million for Time magazine. Meredith hopes it can find other deep pockets for its other titles.
Discussion:
The Wrap, Awful Announcing, @pkafka, Press Gazette, @jtemple, @micahwright, Folio, MediaPost, Fortune, Ad Age, The Week and Business Insider
Jeffrey A. Trachtenberg / Wall Street Journal:
Sources: the Benioffs are paying approximately 5.76 times the operating earnings for Time Magazine, which is expected to see a 9% revenue decline this year
Discussion:
New York Times, Vanity Fair, Business Insider and Recode
Jeffrey A. Trachtenberg / Wall Street Journal:
Meredith Corp. has agreed to sell Time magazine for $190M to Marc Benioff, co-founder of Salesforce.com, and his wife, Lynne Benioff
Discussion:
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Ken Doctor / Nieman Lab:
A McClatchy-Tronc merger, with Patrick Soon-Shiong as key player, could see a revitalization in California journalism and tech innovation — One's a family-controlled, century-plus-old newspaper chain, known for believing in its civic mission but not for its digital strategy. The other is, well, Tronc.
Discussion:
Chicago Tribune and Poynter
Cora Currier / The Intercept:
Internal memos from 2015, written by US AG for FBI, show how the US government can monitor journalists: high-level DOJ officials bring requests to FISA court — The U.S. government can monitor journalists under a foreign intelligence law that allows invasive spying and operates outside …
Discussion:
Freedom of the Press … and Hit & Run
Nathan Ingraham / Engadget:
Pandora releases a custom playlist for Premium on-demand users called The Drop, which features newly-released tracks based on listening history — If you ask Spotify users why they're loyal to the music service, chances are many of them will cite personalized new music playlists like Discover Weekly and New Release Radar.
Discussion:
Pandora Blog, CNET, Digital Trends, TechCrunch, The Verge, RAIN News and Music Business Worldwide
Jesse Brown / CANADALAND:
Jesse Brown, the reporter who initially broke the Jian Ghomeshi story, says Ghomeshi's essay in The New York Review of Books is filled with inaccuracies — Had The New York Review of Books bothered to look into Ghomeshi's claims before publishing his essay, this is what they would have learned
Discussion:
@jessebrown, Fortune, @mattyglesias, @amandacconn, @kaleighrogers and @bioethicsjosie
Hannah Frishberg / Columbia Journalism Review:
A look at the three profitable independent local news outlets, a bi-weekly and two blogs, in the New York neighbourhood of Roosevelt Island — Roosevelt Island, a thin, roughly two-mile sliver of land in the East River between Manhattan and Queens, is home to some 14,000 New Yorkers …
Cynthia Littleton / Variety:
Tom Arnold, host of Viceland's “The Hunt for the Trump Tapes”, was involved in a physical altercation with Apprentice producer Mark Burnett — The tension between Tom Arnold and Mark Burnett boiled over into a physical altercation at Sunday's Evening Before Emmy party, a fundraiser for the Motion Picture Television Fund.
Discussion:
Salon, Page Six, The Wrap, Hollywood Reporter, The Week, Hollywood Life, Vanity Fair, Joe.My.God., The Daily Beast and TV Tattle
Benjamin Mullin / Wall Street Journal:
Gawker's owner Bryan Goldberg plans to spend at least $5M in the first year of its relaunch, mostly on hiring editorial staff, some toward media acquisitions — The company is planning to hire “dozens” of writers and editors ahead of next year's relaunch, and is scouting other acquisitions
Paige Williams / New Yorker:
A profile of Press Secretary Sarah Huckabee Sanders, including her public and private relationship with the press, and how she works with Trump — What does the press secretary believe in—other than defending the President's every word? — Sarah Huckabee Sanders, the White House press secretary …
Violet Blue / Engadget:
Female ASMR video creators have been permanently banned from PayPal and had funds frozen after 8chan harassment campaign; PayPal says it has no anti-ASMR policy — In June, China banned and excised videos of sound effects while claiming to cleanse its internet of pornography.
Music Business Worldwide:
Leaked email to Dubai ad agency shows Spotify plans to launch across the Middle East and North Africa in November with a new regional headquarters in Dubai — Spotify's next major global move is coming soon. — According to a leaked email, the service plans to launch across the Middle East …
Livemint:
Sources: Walmart's Flipkart has held early-stage talks with Indian video streaming service Hotstar about acquiring a stake in the company — Flipkart already has some ties with Hotstar, having launched a new video advertisement platform with Hotstar in July
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