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11:45 AM ET, May 1, 2019

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 Top News: 
Jim Waterson / The Guardian:
The Guardian posts £800K profit for FY 2018-2019, its first since 1998, with 655K monthly supporters and £223M in revenue, of which 55% comes from digital  —  Record online traffic and financial contributions from readers play key part in putting GNM on sustainable path
Mathew Ingram / Columbia Journalism Review:
How the spreadsheet that classified job applicants, with rankings of social class, “justice seeking” traits, and more, illustrated the divide within The Markup  —  There are things about the recent implosion of The Markup that make it unique—in particular, that it raised $23 million …
Sahil Patel / Digiday:
Sources: Quibi execs are seeking upfront ad commitments, prioritizing larger deals, and are planning a $5 ad-supported subscription and an $8 ad-free tier  —  Jeffrey Katzenberg's Quibi is spending big bucks on original content as the company hopes to build the next big thing in mobile streaming video.
Maxwell Tani / The Daily Beast:
Sources: top editorial staffers Susie Banikarim, Alex Dickinson, and Tim Marchman are out at G/O Media amid a restructuring that could affect 25+ staffers  —  As part of a major restructuring effort that could affect 25 staffers.  —  Several of the top editorial employees at the company formerly known …
Sara Jerde / Adweek:
Medium has hired four editors in chief to launch new publications focused on power, black women, personal development, and business  —  The site hired 4 new editors in chief to lead those new verticals  —  Medium is expanding the scope of its editorial efforts with the hiring of four …
Sarah Perez / TechCrunch:
Creative Commons launches its search engine out of beta, with over 300M images indexed  —  Nonprofit organization Creative Commons is today publicly launching its search engine, after over two years of beta testing.  The new service is designed to offer an easy way to search the commons' archive …
Discussion: @mattmcgee
Natalie Jarvey / Hollywood Reporter:
Hulu says it has 26.8M paying subscribers in the US, up from 23M at the end of 2018, not including the 1.3M users signed up through promotions like free trials  —  Of those members, 1.3 million people are signed up for Hulu through promotions like free trials.
Todd Spangler / Variety:
VideoAmp, which focuses on optimizing cross-platform advertising and whose clients include CBS, AMC, and A+E, raises $70M Series C led by Raine Group  —  Media exec Peter Liguori joins board of ad-optimization company  — Condé Nast Creating Shows With Tan France, Joe Sugg Among Massive Pipeline of 175-Plus Digital Pilots
AMC Networks Inc.:
AMC Networks beats expectations in Q1 with net income of $143M, down from $157M in Q1 2018, on $784.2M in revenue, up 5.9% YoY  —  - Revenues increased 5.9% to $784 million  — Operating income of $245 million; Adjusted Operating Income1 increased 8.8% to $293 million
Jon Allsop / Columbia Journalism Review:
The WaPo Fact Checker says Trump has made 10K+ “false or misleading” claims since taking office, yet news orgs still resort to euphemisms, avoid the word “lie”  —  On January 20, 2017, Donald Trump uttered his first falsehood as president of the United States.
 
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 More News: 
Samir Patil / New York Times:
Disinformation in India won't cease by asking tech platforms to change, or by altering politician behavior, but possibly by treating it as an infectious disease
Discussion: TechCrunch
Joseph Lichterman / The Lenfest Institute …:
The Detroit Free Press created a unique social media voice by using a sassy persona that makes jokes and tackles serious issues to connect with its community
Thanks:@steverubel
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
 Earlier Picks: 
@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
Wall Street Journal:
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
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
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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