Mediagazer: Mailchimp has acquired Courier, a London-based media company focused on entrepreneurs and small businesses, which produces a magazine, newsletter, and more (Marty Swant/Forbes)

10:30 AM ET, March 5, 2020

Top News:

Sacramento's mayor is recruiting a group to try to buy McClatchy's Sacramento Bee, convening a forum March 27 to discuss structure with a goal of raising $20M+ — Sacramento Mayor Darrell Steinberg is working to form a local ownership group that could purchase The Sacramento Bee …

Discussion: American Press Institute, @mayor_steinberg, @suelmorrow, @mattsebastian, @media_evan, @webjournalist, @greenwombat, @media_evan, @seth_prince, @sammy_roth, @jboren4507, @mareevs and @amandakrhoades

Kevin G. Hall / McClatchy Washington Bureau:
A group of McClatchy's least-protected creditors join the federal pension agency in questioning company deals with Chatham Asset Management and Leon Cooperman

Discussion: @cltledger and US Bankruptcy Court Southern District of New York

Elaine Low / Variety:

Source: Netflix cancels five film screenings and a panel planned for SXSW, joining others who have canceled screenings, including Apple and Amazon Studios — Netflix is the latest company to pull out of SXSW 2020, a source familiar with the situation tells Variety, canceling five film screenings and a panel for #BlackExcellence.

Discussion: Hollywood Reporter, CNN, Multichannel News, The Playlist, CNN, The Week, Variety, @kerrymflynn, NME, @joeleydon, @martyswant, @jasonosia, @wajahatali, @drericding, @kelseymsutton, @xpangler, The A.V. Club, IndieWire, @thr, @kerrymflynn, The Wrap, AppleInsider, San Antonio Current and Variety

Financial Times:

UK's Independent is profitable for a third consecutive year with profit of £2.3M on revenue of £27M, up 9% YoY; it ended its print edition four years ago — Digital-only strategy pays off for first major UK newspaper publisher to close printing presses

Discussion: Press Gazette

Mark Wilson / Fast Company:

MIT study: when some news stories are labeled as fact-checked and disputed, stories with the same design but no labels are validated and seen as more accurate — In 2016, after coordinated propaganda on Facebook helped Trump win the election, the social media giant introduced a program …

Discussion: One Man & His Blog, researchgate.net and Fortune

Josh Constine / TechCrunch:
Daily Caller's Check Your Fact, a Facebook fact-check partner, faces criticism for labeling two stories on Trump, COVID-19 as “false”, raising process concerns

Jon Lafayette / Broadcasting & Cable:

Negotiations break down as YouTube TV drops the YES Network along with some, but not all, Sinclair RSNs — YES Network said it is no longer on YouTube TV, which might signal a breakdown in talks between Sinclair Broadcast Group, which acquired a group of regional sports networks …

Discussion: The Streamable, Multichannel News, @yesnetwork, The Streamable, 9to5Google, @falling_nova, @alexmsilverman, @alexweprin, NextTV and The Desk

Alex Kantrowitz / BuzzFeed News:

Twitter will begin testing “Fleets”, letting iOS and Android users make posts that disappear after 24 hours, in Brazil, finally using a Stories-like format — On Wednesday, Twitter will begin testing a feature, called “Fleets,” that will allow you to post photos, videos …

Anna Nicolaou / Financial Times:

James Murdoch's Lupa Systems and Betaworks to fund an accelerator for start-ups to tackle disinfo; they plan to invest $100K in 10-20 projects in the first year — The former Fox CEO commits millions to battle against disinformation — James Murdoch, the younger son of Rupert Murdoch …

MediaPost:

Patch Media, which publishes 1,200+ hyper-local news sites, says its sites now have a total of 32M MAU and newsletters have 2M subscribers — Patch Media, the publisher of more than 1,200 hyper-local news sites, is a comparable bright spot among publishers of local news; it's having been profitable for the past four years.

Joe Otterson / Variety:

Pop TV cancels three original TV shows that were produced by outside studios as ViacomCBS prioritizes IP owned by the company — Pop TV is paring down its scripted programming commitments as dust continues to settle from the Viacom-CBS merger. Variety has learned exclusively that three original series …

Discussion: The Wrap

Tribune Publishing Company:

Tribune Q4: earnings of $30.8M, down from $46.5M a year ago, on revenue of $252.3M, down 11% YoY; digital-only subscribers in 2019 grew 33.6% YoY to 334K — Company Delivers Year-Over-Year Income Growth Along with Significant Growth in Digital Subscribers — Tribune Publishing Company …

Marty Swant / Forbes:

Mailchimp has acquired Courier, a London-based media company focused on entrepreneurs and small businesses, which produces a magazine, newsletter, and more — Mailchimp is expanding its presence beyond email and into the world of print. — The Atlanta-based marketing platform has acquired Courier …

Discussion: @danielgiaco, @martyswant, @benchestnut, @lukesbeard, @newconsumer, @marcallera, @matthorrocks, @markdicristina, @jamiebrooker, @jeffxcourier and @rafat

Brian Stelter / CNN:

Michael Bloomberg's run coming to a close ends a tricky time for Bloomberg News staff, but his political spending and Joe Biden endorsement may usher in another — New York (CNN Business)As Bloomberg TV wrapped up its live coverage of Super Tuesday, correspondent Kevin Cirilli asked, “Who had the worst night tonight?”

Discussion: @dlippman, @jackshafer, Forbes and The Mary Sue

Brian Stelter / CNN:

Chris Matthews abruptly announces his retirement amid his MSNBC talk show Hardball, after a string of recent controversies — (CNN Business)Chris Matthews, one of the country's best-known political talk show hosts, is retiring from MSNBC, effective immediately, after a string of recent controversies on and off the air.

Discussion: Vogue, Vox, @juliezebrak, New York Post, Reason, Variety, @sarahellison, @kathleenparker, @howardfineman, Breitbart, @amandamarcotte, Understandably, @martina, @nprinskeep, @digiphile, @stevesilberman, @jayrosen_nyu, @karaswisher, @yashar and Raw Story

Washington Post:
Sources: Chris Matthews planned to retire after the 2020 election but was forced out of MSNBC following weeks of embarrassments

Discussion: Poynter, The Daily Beast, @ericmgarcia, @lisang, @gerryconway, @sarahposner, @revmusicny and Raw Story

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Senior Assignment Editor, DC — WaPo

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More News:

Mike Jaccarino / Vanity Fair:
A look at the decline of the New York Daily News, which once competed with the New York Post for NYC tabloid supremacy but is now propped up by a skeleton crew

Discussion: @vanityfair and @arappeport

Benjamin Goggin / Business Insider:
American Media, owner of celebrity and fitness magazines, continued cuts this week, laying off at least 23 editorial staffers in its Celebrity Digital Group

Discussion: @tabiegermain, @michellemanafy and MediaPost, Thanks:@benjamingoggin

Michael Barba / The San Francisco Examiner:
San Francisco reaches a plan to pay freelancer Bryan Carmody $369,000 to settle claim after police searched his home, office, and phone records in a leak probe

Discussion: @uspresstracker, @runthejules, @penamerica, Washington Examiner and CBS San Francisco

Kayleigh Barber / Digiday:
Minute Media CRO says ~50% of its revenue, projected to be ~$200M this year, comes from its B2B business licensing tech to clients like USA Today and Billboard

Gene Maddaus / Variety:
Jury rules that PBS host Tavis Smiley violated the morals clause of his contract by having affairs with subordinates; PBS will be awarded at least $1.5M

Discussion: NPR, @alexheuer, @keithlalexander, The Wrap and Hollywood Reporter

Earlier Picks:

Brian Steinberg / Variety:
ViacomCBS CEO Bob Bakish says the company is preparing to sell its publishing unit, Simon & Schuster, as it is “not a core asset”

Discussion: MediaPost, Hollywood Reporter, bookforum.com, @benmullin, @literarypenny, @staciadecker, @mollykh, @yashar, New York Times, @brianstelter, @andrewmarchand, @neontaster, @brianstelter, Wall Street Journal, Los Angeles Times, Publishers Weekly, Broadcasting & Cable and The Wrap

R.T. Watson / Wall Street Journal:
Quibi says it has closed a second round of financing worth $750M that includes about $400M raised at the end of 2019, bringing its total raised to $1.75B

Discussion: NBC News, Variety, @devindra, @walthickey, @shahrzadrafati, @sub8u, @polina_marinova, The Verge, @robertandrews, TechCrunch, Tubefilter, Multichannel News, The Streamable and Broadcasting & Cable

Reed Richardson / Mediaite:
The White House banned audio and video recording of a COVID-19 media briefing with Mike Pence on Tuesday, stoking criticism

Discussion: @acosta, @noahbierman, Raw Story, @pareene, @kimmasters, @benyt, @katierogers, @weareoversight, @acosta, @kevinmkruse, @waltshaub, @acosta, The Week, Business Insider, The Week and The Hill

Dan Mangan / CNBC:
The Trump campaign sues The Washington Post for defamation, citing two opinion posts about the campaign and Russia; the suit follows a similar suit against NYT

Discussion: @davidfolkenflik, New York Times, @davidakaye, @boutrousted, @paleofuture, @mehdirhasan, @helenkennedy, @ddayen, @sbg1, @eriqgardner, @timothynoah1, iMediaEthics, NPR and Breitbart

From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Kyle Wiggers / TechCrunch:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January

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