Mediagazer: Charter Communications slightly beats Q1 estimates, with $11.2B revenue, up 5.1% YoY; broadband revenue grows 9% YoY to $4B as video subscriptions keep falling (Wayne Friedman/MediaPost)

Cable operator Altice USA agrees to acquire streaming-video network Cheddar for $200M; Cheddar founder Jon Steinberg to become president of the Altice News unit — Cheddar founder and CEO Jon Steinberg is set to become president of Altice News, overseeing Cheddar, News 12 and i24News

Brian Steinberg / Variety:

ESPN announces plans to shut down ESPN The Magazine in September after 21 years; the company is considering publishing standalone print issues — ESPN, the sports-media giant with an influence that extends across several types of media, is getting out of one particular venue: print.

Discussion: Ad Age, Sports Business Daily, Folio, Adweek, Awful Announcing, Crain's New York Business, @alv9n, @arashmarkazi, @ddiamond, @ellabrockway, @jackiealexander, Deadspin, @tommytomlinson, @tommytomlinson, The Spun, Chicago Sun-Times and The Big Lead

@the_corres:

The Correspondent apologizes for creating the impression its expansion would be US focused, says it will share plans for the $2.6M it raised in coming weeks — We screwed up: http://twitter.com/...

Discussion: @natesilver538, @baratunde, @jayrosen_nyu and @aodespair

Todd Spangler / Variety:

Twitter announces live streaming content deals with Univision, WSJ, and Time and new initiatives with previous partners including Viacom, the NFL, and ESPN — - Twitter Expands Live-Streaming Video Lineup, Sets Content Deals With Viacom, ESPN, Live Nation, Univision, and More

Discussion: Adweek, American Press Institute, MediaPost, Multichannel News, The Wrap, Awful Announcing, TechCrunch, Engadget, 9to5Mac, Tubefilter and Deadline, more at Techmeme »

Discussion: TechCrunch, Multichannel News, Variety, The Verge, Engadget and 9to5Google

Sara Guaglione / MediaPost:

At NewFronts, The New York Times says The Daily podcast has reached 2M listeners per day, talks ad targets, smart speakers, and its upcoming food festival — The New York Times announced new ad target offerings and events, as well as an emphasis on its TV-film commitment at its NewFront this morning.

Discussion: WWD

Alex Kantrowitz / BuzzFeed:

On paid email newsletter platforms, small audiences are translating to dollars for writers, such as on Substack, where the 12 top earners make $160K+ on average — As writers gravitate toward paid email newsletters, small audiences translate to meaningful dollars.

Discussion: @tonyajoriley, @rachelysanders and @elizabethminkel

Maxwell Tani / The Daily Beast:

Sources: editorial director Susie Banikarim and executive managing editor Alex Dickinson are out at G/O Media amid a restructuring that may affect 25+ staffers — As part of a major restructuring effort that could affect 25 staffers. — Two of the top editorial employees at the company formerly known …

Discussion: @maxwelltani, @ashleyfeinberg and @maxwelltani

Alex Weprin / MediaPost:

Former Roku executives launch Tetra TV, an advertising network that aims to connect buyers to ad inventory from 100+ streaming video channels across platforms — A pair of veterans of the OTT platform Roku are launching a new advertising network, focusing on connected TV.

Discussion: Broadcasting & Cable, Radio & Television …, Variety and PR Newswire

Lloyd Grove / The Daily Beast:

New York Times ends relationship with CartoonArts, the cartoon syndication service that supplied the anti-Semitic cartoon — A ‘Times’ spokesperson told The Daily Beast exclusively about the paper's decision to stop using syndicated cartoons, including those from the syndicator of the offensive cartoon.

Discussion: Poynter, Religion News Service, Breitbart, Newser, New York Post, New York Times and The Daily Caller

Ed O'Keefe / Shorenstein Center:

Legacy media and native streamers should focus on live news because now, as before, it will help attract and retain subscribers though it can be controversial — Searching for a way for streaming to save the news (and for the the news to save streaming) — Additional Research & Interviews: Andrew J. Zucker

Discussion: @aobaoill

John Koblin / New York Times:

The Obamas' new production company, Higher Ground Productions, announces seven projects for Netflix, including an adaption of NYT's “Overlooked” obituary series — Eleven months after striking a deal with Netflix, the Obamas have a slate of programming.

Discussion: The Wrap, Fast Company, Broadcasting & Cable, @brianstelter and The Week

Wayne Friedman / MediaPost:

Charter Communications slightly beats Q1 estimates, with $11.2B revenue, up 5.1% YoY; broadband revenue grows 9% YoY to $4B as video subscriptions keep falling — Charter Communications posted rising overall first-quarter results — slightly higher than analysts estimates.

Discussion: Light Reading and FierceVideo

Eben Novy-Williams / Bloomberg:

FanDuel to be the first sports betting operator in the US to offer live-sports broadcasts alongside betting odds on its website and mobile app — - Website, app to provide live soccer, tennis from Sportradar — Operator bets games alongside odds will spur more gambling

Discussion: Awful Announcing and @thefixisintuohy