Top News:
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 — Benioffs won't have day-to-day operational role at Time Magazine — Time magazine will have a new home. — Nearly eight months after Meredith Corp. MDP -.57% completed …
Discussion:
@benioff, TIME, Fast Company, @danprimack, Hollywood Reporter, San Francisco Chronicle, CNNMoney, Associated Press, The Daily Caller, @pkafka, @adamwren, @sruhle, @norahodonnell, Fortune, @trengriffin, @hunterwalk, @alansmurray, @sampjacobs, @pgourevitch, @joshtpm, @rrhoover, @efelsenthal, @karaswisher, Business Insider, @ghoshworld, @corytv, @nancygibbs, Recode, @acsifferlin, @evanasmith, @charlottealter, @jayrosen_nyu, Variety, @ranimolla, @andrewrsorkin, @rafat, @teddiew, The Week, @karaswisher, Engadget, Meredith Corporation MediaRoom, Talking Biz News, New York Times, @karaswisher, @rayroyreed, @nyggmatic, @scobleizer, @jamesloduca, @sameerpatel, @mattocko, @lisaabeyta, @anton1s, @brianstelter, @walterisaacson, Adweek, @adambanksdotcom, @benmullin, @_ravensfan61, @sdkstl, @brianstelter, @paulgoldberger, @rafat, Jonathan D. Woods, NPR, HuffPost, Financial Times, NBC News, The Wrap, Des Moines Register, GeekWire, New York Post, Bloomberg.com, Deadline and Rehak/Stuebing Mostly Media, more at Techmeme »
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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 …
Discussion:
CNNMoney, @pkafka, @karaswisher, @mccanner, Joe.My.God., @amandalitman, @puiwingtam, @socarolinesays, @kevinroose, @mat, @shanegoldmacher, Business Insider and The Week, more at Techmeme »
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:
@pkafka, Press Gazette, Folio, @jtemple, Fortune, Ad Age, @micahwright, MediaPost and The Week
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 — Marc and Lynne Benioff are paying roughly 5.76 times operating earnings for Time magazine, which is expected to see a 9% decline in revenue this year
Discussion:
Vanity Fair, Recode and New York Times
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, Poynter and Editor & Publisher
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 …
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 …
Discussion:
Washington Post, The Daily Beast, @will_bunch, @annehelen, @jdawsey1, @carolleonnig, @dandrezner, @williams_paige, @alex_lily, @ericboehlert, @joshmankiewicz, @eschor and Jezebel
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, @bioethicsjosie, @jojomoyes, @chesterscoville and @daciampaglia
Danah Boyd / Data & Society:
How extremists exploit tech's respect of “free speech” and media's bias to cover “both sides” to amplify fringe messages and get into mainstream conversation — This is a crib of a talk that Data & Society Founder and President danah boyd gave at the Online News Association conference …
Discussion:
@zephoria, @albertocairo, @anildash, @adrienneleigh, @lag6267, @craigsilverman, @losowsky, @jeffjarvis, @bostonjoan, @judytrinhcbc, @dr_tindall, @survgaze, @mayerjoy, @adviserdavid, @jenniferpreston, @wendysawatzky, @survgaze, @marklipton, @egreenspon, @pomeranian99, @craignewmark, @vodkandlime, @_arianna, @derekjohnbryant, @kelsonanderson, @johnverdon, @annehelen, @erickarstens and @marklittlenews, more at Techmeme »
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 …
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
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:
Hollywood Reporter, Deadline, Slate, The Wrap, Hollywood Life, Vanity Fair, The Week, Joe.My.God., The Daily Beast and TV Tattle
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