Mediagazer: In case brought by journalists looking to protect sources, Germany rules that intelligence agency can't spy on internet traffic going through Frankfurt exchange (David Meyer/Fortune)

10:45 AM ET, May 19, 2020

Top News:

Disney's top streaming exec, Kevin Mayer, resigns to become CEO of TikTok and COO of parent company ByteDance; Disney names Rebecca Campbell as his successor — Kevin Mayer will lead the Chinese-owned app for making and sharing short videos, which has exploded in popularity during the pandemic.

Dade Hayes / Deadline:

Profile of Rebecca Campbell, Disney's new direct-to-consumer and international chairperson in charge of streaming, including the global expansion of Disney+ — Rebecca Campbell, whose promotion to Disney's Chairman of Direct-to-Consumer & International on Monday put her in charge of Disney+ …

Discussion: @ronadler, @richlightshed and Always Be Watching

Sara Fischer / Axios:

NYT says it will stop using third-party data to target ads in 2021, building a first-party data platform instead, starting with 45 proprietary audience segments — The New York Times will no longer use 3rd-party data to target ads come 2021, executives tell Axios, and it is building out a proprietary first-party data platform.

Discussion: @alex, @howelloneill and @daviduberti

Amanda Meade / The Guardian:

Data shows 157 newsrooms in Australia have closed temporarily or for good since January 2019, as the pandemic deepens the media crisis in the country — As BuzzFeed News shutters its Australian operation, data shows 157 newsrooms have closed temporarily or for good since early 2019

Discussion: @peterwmurphy1, @nadiasdaly, @grogsgamut, @cameronwilson, @random_pest, @mrowlandmp, @sophiemcneill, @natashamitchell and Mumbrella

Scott Nover / Adweek:

Google Preferred to be replaced by YouTube Select, a global offering for premium advertisers with a package specifically for YouTube content on connected TVs — Called YouTube Select, it includes connected TV usage for the first time — Key Insight: — The offering will help Google monetize …

Discussion: TechCrunch, Broadcasting & Cable, MediaPost, Reuters and AdExchanger, more at Techmeme »

John McCarthy / The Drum:

Washington Post's Chief Revenue Officer Joy Robins on how the paper is rethinking its revenue model amid a shortfall of display ad revenue during the pandemic — There's a new commercial playbook in place at Jeff Bezos's Washington Post since the lockdown evaporated its usual ad market …

Discussion: @themediatrust and @raju

Isabelle Lopez / ESPN Press Room U.S.:

ESPN says original airings of The Last Dance averaged 5.6M viewers within the same day, making it the most-watched documentary ever for the network — Episodes 9 and 10 Also Average 5.6 Million Viewers; Episode 9 Viewership Was Third Most-Watched of Any Single Episode

Discussion: @richarddeitsch and Awful Announcing

David Meyer / Fortune:

In case brought by journalists looking to protect sources, Germany rules that intelligence agency can't spy on internet traffic going through Frankfurt exchange — In the world of online spying, great power lies with those who can get their hands on the data flowing through the world's Internet infrastructure.

Sara Guaglione / MediaPost:

Lee Enterprises receives notice from NYSE for failing to maintain an average share price of at least $1 and an average market cap of $50M in the last 30 days — Newspaper publisher Lee Enterprises, Inc. received notice from the New York Stock Exchange last week that it is not in compliance …

Benjamin Mullin / Wall Street Journal:

NBCUniversal sued by teledentistry company SmileDirectClub, which seeks $2.85B in damages over NBC News reports in Feb. that the company claims were defamatory — SmileDirectClub attorney was lawyer in suit against ABC News for stories on beef called ‘pink slime’ by critics

Discussion: TVNewser, @benmullin, @daviduberti, @alexweprin, @benmullin, TheStreet, The Wrap, Deadline, SmileDirectClub, Inc., The Hill and New York Post

Jay Peters / The Verge:

BBC is piloting BBC Together, a Netflix Party-like tool letting users host online sessions for watching or listening to BBC content with other users — It's available now — BBC is launching a new experimental tool, BBC Together, that will let you watch or listen to BBC programming …

Discussion: MacRumors, Advanced Television and inews

Margaret Sullivan / Washington Post:

The media, which never fully reckoned with the mistakes of 2016, is on a course to help Trump turn “Obamagate” into the 2020 version of Clinton's emails — It's becoming clear that journalists never fully reckoned with the mistakes of 2016 campaign coverage.

Discussion: @sulliview, Vanity Fair, @jamesfallows, Inside Political Risk, @7homaslin, @jayrosen_nyu, @pubtheologian, @hunterschwarz, @samanthajpower, @dominicholden, @danpfeiffer, @dana1981 and @mcopelov

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More News:

Charlotte Tobitt / Press Gazette:
News UK's upcoming Times Radio, which wants to compete with BBC Radio 4 and LBC, says it will avoid the “old fashioned adversarial approach” to interviews

David Cohen / Adweek:
Instagram introduces Guides, a feature letting creators and publishers curate content on a specific subject, debuting with select accounts focusing on wellness

Discussion: Instagram, @mosseri, @instagram, @besvinick, @mattnavarra, CNET and 9to5Mac, more at Techmeme »

Charlotte Tobitt / Press Gazette:
Bauer Media says it is looking at whether to move ten of its magazines in the UK to a digital-only format, merge, sell, or close them

Discussion: @missbarton and @johnharris1969

Earlier Picks:

Barton Gellman / The Atlantic:
Reporter describes being under surveillance and investigation by the US government after receiving documents from Snowden and how it affected his personal life

Discussion: @craiu, @cereinynord, @dnvolz, @steipete, @bing_chris, @jessysaurusrex, @andersen, @chronic, @brianstelter, @seanmcarroll, @shashj, @shashj, @shashj, @shashj, @shashj, @hatr, @theatlantic, @kennwhite, @bartongellman, @mwhanna1, @jeffreygoldberg, @adriennelaf, @denisewills and @jackshafer

Ben Smith / New York Times:
Ronan Farrow, while producing revelatory reporting, often omits inconvenient details in his stories and at times suggests conspiracies he cannot prove

Discussion: @michaelluo, @ronanfarrow, Columbia Journalism Review, Vanity Fair, Poynter, Deez Links, @ronanfarrow, Wall Street Journal, The Week, @sulliview, @malcolmnance, White Guy Confidence, @brettpransky, @laura_hudson, @jkbjournalist, @cyrushabib, @ronanfarrow, @benyt, @neeratanden, @bessbell, @meghanmccain, @wesleylowery, @jackshafer, @hunterw, @molcranenewman, @ronanfarrow, @michaelluo, @lillydancyger, @soledadobrien, @johncarreyrou, @markharrisnyc, @markharrisnyc, @bgrueskin, @zackkopplin, @gary_weiss, @lollardfish, @eholmes, @dylanbyers, @ashleyfeinberg, @oliverdarcy, @maggienyt, @neeratanden, Rolling Stone, @michaelluo, @michaelluo, @kayrosef, @nickconfessore, @ryanlcooper, @cillizzacnn, New York Post, @tomwatson, @will_bunch, @jonisawesomest, @petersterne, The Hill, @mattyglesias, @mattyglesias, @ashleyfeinberg, @jeffjarvis, @govhowarddean, The Guardian, Newser, The Independent, @erikwemple, @jmartnyt, Mediaite, @markwby, The Wrap, @5dollarfeminist, @cliffordlevy, @menshevikm, @linzsports, @mldauber, @motelamanda, @maxkennerly, @t_fisherking, @anthonyzenkus, Fox News, @marcambinder, @davidenrich, @felixsalmon, @dougherty_jesse, @thelizlane, @abgutman, @liamstack, @katzonearth, @ejwillingham, @journogeoffz, @loopemma, @timothys, @bgrueskin, @hughnaylor, @felixsalmon, @hughnaylor, @danmcgowan, @thetowncrier, @zigmanfreud, @jasonleopold, @lalpert1, Page Six and bookforum.com

From Techmeme:

Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 12%+ after hours

Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; MSFT jumps 4%+ after hours

Ben Glickman / Wall Street Journal:
The US awards Micron up to $6.1B under the CHIPS Act, to back an up to $125B investment to build a megafab in New York and a fab in Idaho over the next 20 years

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