Top News:
Lauren Hirsch / CNBC:
Activist firm Elliott Management to buy Barnes & Noble for ~$683M including debt; in the past five years, B&N has lost more than $1 billion in market value — KEY POINTS — Activist firm Elliott Management announced Friday it plans to acquire bookseller Barnes & Noble for roughly $683 million, including debt.
Discussion:
Wall Street Journal, Publishers Lunch, New York Times, Bookseller News, UPI, @publisherswkly, @rolandscahill and USA Today, more at Techmeme »
Laura Hazard Owen / Nieman Lab:
Q&A with The Atlantic's Adrienne LaFrance and Jeffrey Goldberg on hiring and promoting women; Goldberg says print cover writers are almost exclusively white men — It's not a shocker that a lot has changed at The Atlantic since it was founded all the way back in 1857.
Discussion:
Vox, @karenkho, Los Angeles Times, @lisang, @jeffreygoldberg, @jessicaschulb, @jeffreygoldberg, @laurahazardowen, @maxblumenthal, @boxall, @jbenton, @jessieopie, @monaeltahawy, @jbenton, @nhannahjones, @jbenton, @clarajeffery, @andilorenz, @jaclyncosgrove, @itsalexberg, @jbenton, @jbenton, @inlauraswords, @sulliview, @jeffreygoldberg, @jbenton, @sarahparvini, @rachelheine, @nhannahjones, The Independent, @nhannahjones, @nhannahjones, @fisher_danar, @susanorlean, @niemanlab, @jsellenberg, @jamilsmith, @laurahazardowen, @eefandrews, @blackamazon, @laurahazardowen, @laurahazardowen, @laurahazardowen, @adriennelaf, @vadimjhu, @countmystars, @carnage4life, @jmrivera02, @noreenmalone, @miekeeoyang, @ashleyfeinberg, @karenkho, @karenkho, @aarond, @karenkho, @jeffreygoldberg, @christykarras, @ashleyfeinberg, @grossdm, @_almaqah, @notesfromhel, @eenayo, @3vansutton, @rklein90, @aishas, @anamariecox, @alishagrauso, @johnghendy, @alexvandermaas, @alissamarie, @jabogen, @laurahazardowen, The Mary Sue, The Guardian and Mediaite
Wall Street Journal:
Sources: WarnerMedia abandons plan for a three-tiered streaming service, will likely package HBO, Cinemax, and the Warner Bros. library together for $16-$17/mo — New package is expected to include HBO, Cinemax and Warner Bros. content for barely more than HBO's current streaming service
Jacob Granger / Journalism.co.uk:
Study of 212 leading news organizations in US and Europe finds 69% of newspapers operate some form of online pay model, up just 5.5% in two years — RISJ report found that 69 per cent of US and European newspapers use some form of paywall - but that figure has only risen by 5.5 per cent in two years
Jeremy Barr / Hollywood Reporter:
Meredith's Entertainment Weekly is going to a monthly print schedule and gets a new EIC, J.D. Heyman, replacing Henry Goldblatt; July 5 is last weekly edition — The frequency change takes effect in August. — Entertainment Weekly will no longer be a weekly magazine starting in August …
Discussion:
Adweek, @adambvary, Variety, @lukemones, @aaronfullerton, @evanrosskatz, @taradbennett, @jeffjarvis, @whittlz, @chaneyj, @poniewozik, @ewdocjensen, @markharrisnyc, Deadline and The Wrap
Natalie Jarvey / Hollywood Reporter:
Cindy Vanegas-Gesaule, BuzzFeed News head of programming, adds oversight of film and TV projects to her role, replacing Lauren Dolgen, who left BuzzFeed in May — Cindy Vanegas-Gesaule is adding oversight of film and TV projects to her existing role as head of programming for BuzzFeed News.
Discussion:
Tubefilter, Fortune and The Wrap
Del Harvey / Twitter:
Twitter simplifies the language for its rules and reorganizes them into three high-level categories: safety, privacy, and authenticity — Our rules exist to help keep everyone using Twitter safe and ensure they can participate freely in the public conversation.
Discussion:
@delbius, @twittersafety, @brianstelter, @longshorttrader, @parkermolloy, The Daily Caller, CNET, TechCrunch and Engadget, more at Techmeme »
The Economist:
Economist study shows no evidence of ideological bias in Google News for a user without a browsing history; some keywords suggested bias in both directions — Our statistical study revealed no evidence of ideological bias in the search engine's news tab — “Google & others are suppressing voices …
Aaron Pressman / Fortune:
PwC 2019-2023 forecast: SVOD revenue to rise 64% to $24B annually, revenue for cable/satellite TV will fall 16% to $84B, TV advertising to stay flat at $72B — Streaming video services like Netflix, Hulu, and a planned rival from Apple will see their total U.S. revenue jump 64% …
Christopher Tolve / The Drum:
Cybersecurity company Cheq estimates ad fraud at $23B in 2019; World Federation of Advertisers estimates 30% of ads are unseen by customers — Global ad fraud is predicted to cost an unprecedented $23bn this year and could reach $30bn including indirect economic and social costs …
Josh Eidelson / Bloomberg:
Hundreds of Vox Media workers stage a one-day walkout to pressure management to sign a union contract; an editor says SBNation won't cover the NBA finals Game 3 — - Employees aren't writing or editing stories on Thursday — ‘This was a hard decision,’ SBNation editor says on Twitter
Discussion:
@germanrlopez, American Press Institute, @letsgomathias, @josheidelson, @dlind, @gmgunion, HuffPost, @timebner, @mskellymhayes, @thesarahkelly, @charliemagne, @iwwfju, @lukewsavage, @kath_krueger, @attackerman, @zzzzaaaacccchhh, @samleecole, @rachelysanders, Mediaite, @dianaelbasha, @jmsummers, @austinhunt, @attackerman, @sarahmccammon, @brandonetc and The Wrap
Matthew Kassel / Columbia Journalism Review:
Some journalists are returning to their hometowns to work, citing the benefits of meaningful work, strong emotional connections, and trust from sources — It's quite possible that Caitlin Dewey owes her career in journalism to The Buffalo News. She grew up in the suburban town of Wheatfield …
Discussion:
@claremalone, @jacobonpurpose, @kytja, @carmenmforman, @scbaird, @tylerkingkade, @dabeard and @laurenweberhp
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