Mediagazer: American Media, publisher of National Enquirer, Us Weekly, and Men's Journal, has acquired TEN: Publishing's 14 brands in its Adventure Sports Network (Greg Dool/Folio)

9:10 AM ET, February 6, 2019

Top News:

Peter Kafka / Recode:

Spotify buys Gimlet Media, a podcast producer and network, sources say for ~$230M, and Anchor, which makes it easier for users to record and distribute podcasts — Daniel Ek says he wants to spend up to $500 million on acquisitions this year — Spotify is a streaming music company that wants to become a podcast company, too.

Stuart Dredge / Music Ally:
Spotify reports Q4 revenue of ~€1.5B, up 30% YoY, operating profit of €94M, says it has 207M MAUs, up 29% YoY, including 96M premium subscribers, up 36% YoY

Discussion: VentureBeat and Spotify, more at Techmeme »

New York Times Company:

In Q4, The New York Times added 265K digital subscriptions, bringing total number of digital subs to 3.4M but profit decreased to $74.7M from $90.5M a year ago — NEW YORK—(BUSINESS WIRE)— The New York Times Company (NYSE: NYT) announced today fourth-quarter 2018 diluted earnings per share …

Discussion: New York Times, @adamgoldmannyt, @ericliptonnyt, @jeffjarvis, @brianstelter and @gerryfsmith

Kyle Pope / Columbia Journalism Review:

Craig Newmark donates $10M to Columbia Journalism School to endow Newmark ethics center and $5M to Poynter to create another ethics and leadership center — For many of the past few decades, the rules around journalism ethics have been largely settled. We know the appropriate ways to treat sources …

Discussion: Poynter, Columbia, Poynter, @kellymcb and @emilybell

Joan E. Solsman / CNET:

YouTube CEO says the number of channels with 1M+ subs nearly doubled and the number of creators who earned five or six figures grew 40%+ in the last year — In a post on Tuesday about her 2019 goals, YouTube Chief Executive Susan Wojcicki touted several milestones Google's massive video site surpassed …

Discussion: YouTube Creator Blog, Variety, Music Ally, TechCrunch, @susanwojcicki and Adweek, more at Techmeme »

Sarah Perez / TechCrunch:
YouTube says its experimental Instagram-like Explore tab has expanded beyond the iOS app to more devices and now suggests smaller, up-and-coming creators

Discussion: Social Media Today, Digital Trends and Gizchina.com

Jon Levine / The Wrap:

Leaked audio: Vice news chief Josh Tyrangiel says Vice is nearing a deal with Hulu for a new show, and revenue loss after end of HBO show contributed to layoffs — “We now have paper. We now have pens. The pens are not on paper," Vice executive Josh Tyrangiel says of the deal

Discussion: Digiday, @levinejonathan, @tomhbunting and @plbarghouty

Anjali Robins / CNBC:

Disney beats estimates with Q1 net income of $2.79B on revenue of $15.3B vs. $15.14B expected; media networks revenue increased 7% YoY to $5.9B — - Investors and analysts are looking for new details on the company's direct-to-consumer plans and an update on its pending $71.3 billion acquisition …

Discussion: The Wrap, Variety, The Wrap, @stevekovach, AdExchanger, Awful Announcing, The Walt Disney Company and Yahoo! Finance

Chris Welch / The Verge:
Disney says ESPN+, its standalone subscription streaming service that launched in April, has 2M+ users, up from 1M in September

Discussion: CNBC, more at Techmeme »

Josh Constine / TechCrunch:

Sources: Reddit is raising $150M to $300M in a Series D led by Tencent at a $2.7B pre-money valuation — Reddit is raising $150 million to $300 million to keep the front page of the Internet running, multiple sources tell TechCrunch. The forthcoming Series D round is said to be led …

Discussion: @dhh, @shiruken, @carnage4life, @badlogicgames, @joshconstine and Business Insider, more at Techmeme »

Greg Dool / Folio:

American Media, publisher of National Enquirer, Us Weekly, and Men's Journal, has acquired TEN: Publishing's 14 brands in its Adventure Sports Network — National Enquirer publisher American Media has acquired TEN: Publishing's Adventure Sports Network, a group of 14 action sports brands …

Discussion: Forbes, MediaPost, Pinkbike.com and SGB Online

Owen S. Good / Polygon:

Machinima is now officially closed, two weeks after it went offline, with layoffs of 81 people but a “select number” remaining to work at AT&T's Otter Media — Parent company confirms shutdown two weeks after everything went offline — Machinima is officially no more.

Discussion: MediaPost, Deadline, @matthewmercer, @robgabel, @xpangler and @utxjgthedon

Charlotte Tobitt / Press Gazette:

FT launches Sifted, a new site targeting young European entrepreneurs, running on part subscription and part sponsorship to keep it free for its target audience — The Financial Times has backed a news website for the European start-up world, which its founder has said will tap into a …

Amanda Darrach / Columbia Journalism Review:

Amid buyouts and possible layoffs, McClatchy's board increased CEO Craig Forman's monthly stipend for travel, housing, and security from $5,000 to $35,000 — BuzzFeed, HuffPo, Gannett, Vice. This has already been a ruthless year for layoffs in digital journalism.

Discussion: @byrosenberg, @samthielman, Miami New Times, @levinecarrie, @aodespair, @chrispreperato, @byrosenberg, @moorehn, @aliciak2010, @sarahesmith23, @cmonstah, @ssuttell, @tess_novotny, @maryannetalbott, @scottleadingham, @alex_burness and @moorehn

Washington Post:

Competing theories emerge on how National Enquirer obtained intimate texts between Jeff Bezos and Lauren Sanchez, with its ties to Trump figuring prominently — When the National Enquirer published explicit text messages between Amazon founder Jeffrey P. Bezos and the woman he was having an affair with …

Discussion: Business Insider, @blairreeves, @amyjbrittain and @connortryan

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More News:

Nick Martin / Splinter:
How Time Warner executive pay soared as staff was cut while William Barr, Trump's nominee to be attorney general, chaired the board compensation committee

Discussion: @bridgeproject21 and @patdennis

Columbia Journalism Review:
French investigative news site Mediapart faced an attempted raid without a warrant from prosecutors who work for Emmanuel Macron

Casey Newton / The Verge:
Facebook bans 22 more Alex Jones-linked Pages as it implements a new policy update, after finding admins repurposing old Pages with content from banned Pages

Discussion: Recode, @oliverdarcy, The Daily Caller, The Hill, Engadget and CNN, more at Techmeme »

Kim Severson / New York Times:
The Los Angeles Times is resuming a print section dedicated to food in April, to be delivered on Thursdays, with new staff members to fill its pages

Discussion: Los Angeles Times, @rozrbentley, @mattdpearce, @gustavoarellano, @raju, @pfmpfmpfm, @beejoli, @latguild and @maxwelltani

The New York Times Company:
Michelle Agins, the second black female photographer to be hired at the NYT, has been awarded the National Press Photographers Association's highest honor

Discussion: @nytimespr

Earlier Picks:

BuzzFeed News:
The US-arm of China's English-language state TV broadcaster, CGTN, has registered as a foreign agent under the Foreign Agent Registration Act (FARA)

Discussion: @miriamelder and @buzzfeedben

Laura Hazard Owen / Nieman Lab:
Researchers at Medill Local News Initiative analyzed 13TB of subscriber data from local papers, found high correlation between regular reading and sub retention

Discussion: Local News Initiative, @dabeard and @janebsinger

Jaclyn Peiser / New York Times:
Around one-third of the content published by Bloomberg News uses some form of automated technology, with more news outlets beginning to rely on AI

Discussion: American Press Institute, @lisagibbs954, @amlwhere, @sigalsamuel, @ap_corpcomm, @fpmarconi and Jewish Telegraphic Agency, more at Techmeme », Thanks:@steverubel

Washington Post:
The Washington Post adds International Women's Media Foundation and James W. Foley Legacy Foundation to Press Freedom Partnership

Sara Fischer / Axios:
The New York Times is offering free online subscriptions to 3M+ students, made possible by 30,000 contributions from readers

Discussion: What's New in Publishing, @tjdoyle and @sarafischer

From Techmeme:

Financial Times:
Microsoft invests $1.5B in Abu Dhabi-based AI group G42 for a minority stake, after G42 severed ties with Chinese suppliers; Brad Smith will join G42's board

Raphael Satter / Reuters:
The Open Source Security Foundation and the OpenJS Foundation say the attempt to insert a secret backdoor into XZ Utils “may not be an isolated incident”

Benjamin Sandofsky / Sandofsky:
A look at the failure of Humane's Ai Pin, which took six years to ship after raising $230M, including building the device “the Apple way” and raising too much

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