Mediagazer: Salem Media Group, home to RedState, bought PJ Media in March for $100K, though radio is the company's primary revenue source with 116 stations in 39 markets (Jeremy Barr/Hollywood Reporter)

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.

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. — Several of the top editorial employees …

Discussion: @maxwelltani, @maxwelltani, Variety, @maxwelltani, @_zeets, @ashleyfeinberg, @gabydvj, @theseantcollins, @bobbybigwheel, @lindseyadler, @heyveronica, @jeremymbarr, @ashleyfeinberg and @maxwelltani

@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: Nieman Lab, The Guardian, @natesilver538, @tasneemraja, @ckrewson, @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: Radio & Television …, American Press Institute, Multichannel News, MediaPost, Adweek, The Wrap, TechCrunch, Awful Announcing, Engadget, 9to5Mac, Tubefilter and Deadline, more at Techmeme »

Scott Soshnick / Bloomberg:
YouTube gets exclusive rights to stream 13 MLB games in the 2nd half of the season in the US and Canada on MLB's YouTube channel and a new YouTube TV channel

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

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 …, PR Newswire and Variety

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, @brianstelter, Fast Company, Broadcasting & Cable, Talking Points Memo and The Week

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: Breitbart, Religion News Service, Poynter, Newser, New York Post and New York Times

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

Jeremy Barr / Hollywood Reporter:

Salem Media Group, home to RedState, bought PJ Media in March for $100K, though radio is the company's primary revenue source with 116 stations in 39 markets — The California-based broadcaster's digital acquisitions have turned heads, but the company's revenues primarily come from 116 radio stations in 39 markets.