Top News:
Jack Shafer / Politico:
The layoffs and paywall at The Atlantic suggest Laurene Powell Jobs is happy to subsidize the enterprise but not interested in making it a gift to the masses — Billionaires who are brave enough to enter the publishing space don't mind losing money on it—they call it “investing”—until the day they do.
Discussion:
Media Nation, Columbia Journalism Review, Vox, New York Times, @timherrera, @dylanbyers, @kbsmoke, @jfagone, @kerrymflynn, @lhfang and Dan Kennedy
RELATED:
Ben Smith / @benyt:
Memo: The Atlantic is laying off 68 people across divisions, or about 20% of its staff, after collapse of its events business, with the rest getting pay cuts — The Atlantic is laying off about 20% of its staff — 68 people across divisions — per a memo from David Bradley, after collapse of events business. https://twitter.com/...
Discussion:
@nickconfessore, Washington Post, @benthompson, @emmaogreen, Adweek, Folio, @espiers, @pkafka, @edmundlee, CNN, Medialyte, The Wrap, The Media Nut, @dynamofire, @danpriceseattle, @davelevitan, @stetyjohn, @yeselson, @benthompson, @jason, @vwpickard, @kausmickey, @hshaban, @davidsirota, @kgosztola, @tealtan, @susie_c, @lauren_kelley, @digiphile, @scottros, @clapifyoulikeme, @adrs, @elongreen, @halpernalex, @asmall_word, @kissane, @jimmydonofrio, @jimmydonofrio, @laurelwamsley, @samthielman, @libbycwatson, @aleksnotalex, @edmundlee, @edmundlee, @jackshafer, @jackshafer, @felixsalmon, @jackshafer, @benthompson, @jonathanmerritt, @chrisecrowley, @zachwahls, @anandwrites, @valerieinsinna, @pinboard, @_darrencohen, @mathewi, @mathewi, @hshaban, @hshaban, @kerrymflynn, @nycsouthpaw, @nycsouthpaw, @jeremymbarr, @jackmirkinson, @nycsouthpaw, @pkafka, @kerrymflynn, @gmbutts, @alex_shephard, @janinegibson, @nickriccardi, @joshsternberg, @joanne_stocker, @jackmirkinson, @raju, @pkafka, @pkafka, @mattgertz, Variety, The Hill and Deadline
Lesley Goldberg / Hollywood Reporter:
ViacomCBS licenses Some Good News, John Krasinski's YouTube series that gained 2.56M subscribers in 2 months, to be shown on CBS All Access and linear networks — The feel-good web series will have a multiplatform showcase across all of the conglomerate's brands and platforms, though the actor …
Discussion:
Nuzzel, @thr, Ad Age, Mashable, @saraschaefer1, @cm_brown90, @josheberley, @jondenton, @kottke, @willdarbyshire, @alexweprin, @jaredbkeller, Breitbart, @lindseyweber, @ahhensel, @romanmars, @theotherscottm, @jimbo_sl1ce, @chasemit, @kevintporter, @kimmasters, @jeffflake, @richsullivan, @wenzlerpowers, @kimberlynfoster, @kerrymflynn, @loudmouthjulia, Always Be Watching, The Week, CNET, Vulture, /Film, Tubefilter, New York Post, The A.V. Club and The Verge, Thanks:@tubetattle
Joe Pompeo / Vanity Fair:
Sources: Apple TV+ is in the early stages of developing a series about Gawker, with ex-Gawker staffers Max Read and Cord Jefferson working on scripts — Former Gawker staffers, led by Max Read and Cord Jefferson, are now developing scripts about the site's glory days skewering the powerful.
Discussion:
@joepompeo, @jbflint, @jwhitbrook, @waywardwinifred, @tcberman, @bzamayo, AppleInsider and 9to5Mac
Jessica Bursztynsky / CNBC:
Netflix says it will ask customers who have been inactive for a year or more if they want to keep their subscriptions, canceling accounts that take no action — - Netflix will start asking customers who haven't used its platform in the past year if they want to keep their subscriptions.
Discussion:
Netflix Media Center, TechCrunch, Variety, iDownloadBlog.com, TechRadar.com, NME, @sub8u, MediaNama, @tanayj, @drbarnard, @epro, @xpangler, @aweissman, @newsynick, @pogue, @prashanth, @intrinsicinv, @jbursz, @joshconstine, @lucas_shaw, @loudmouthjulia, Gizmodo, Business Insider and The A.V. Club, more at Techmeme »
Hadas Gold / CNN:
Sources: State Dept. is asking all US-based employees of CGTN to fill out detailed questionnaires with personal info, alarming American employees of the network — London (CNN Business)The State Department is asking all US-based employees of Chinese state TV network CGTN to fill …
Discussion:
@jasonfarkas and @hadas_gold
Jonathan Symcox / BusinessCloud.co.uk:
Parent company of Joe.co.uk, the social news website for male millennials, enters administration, seeks a buyer, and says there are no plans for redundancies — Administrators seek buyer for Joe Media Limited but no redundancies planned at website with millions of monthly visitors
Discussion:
@jimwaterson
Paul Bowers / Brutal South:
Digital subscriptions might keep a hungry reporter fed a few more years, but the path for local news outlets is unclear, as only a small number will sign up — We were watching Hoarders and a woman on the show felt like she was being persecuted by local code enforcement officers …
Discussion:
@biblioracle, @biblioracle, @biblioracle, @biblioracle, @biblioracle, @biblioracle, @biblioracle, @biblioracle and @biblioracle
Bloomberg:
Sources: Apple is seeking an executive to lead its original podcasts effort and is acquiring podcasts that would tie into shows on its TV+ service — - Company is seeking executive to lead development of new shows — Apple faces threat from Spotify's growing podcast ambitions
Discussion:
@nwquah, @apollozac, @nwquah, @kerrymflynn, @sportsrapport, @lucas_shaw, @mikerugnetta, iDownloadBlog.com, 9to5Mac, MacRumors, AppleInsider and Fortune, more at Techmeme »
Trevor Knoblich / ONA20:
The Online News Association will host its annual conference online, Oct. 1-16, and says the event won't be as expensive as its previous physical gatherings — Chief Knowledge Officer Trevor Knoblich details what to expect from our global journalism innovation festival
Discussion:
Online News Association, @robpegoraro, @elanazak, @laurencaguirre, @meena_thiru, @kelseyproud, @ckrewson, @shanbow and @versharma
Layla Ilchi / WWD:
Court documents: Kendall Jenner agreed to pay $90,000 to settle a suit over an Instagram post she made promoting Fyre Festival; docs say she was paid $275,000 — The model has settled the lawsuit over her Instagram post related to the failed 2017 music festival.
Discussion:
Wall Street Journal, @mmasnick, Vanity Fair and Fox News
Lex / Financial Times:
UK publisher Future says in the six months to end of March it had revenue of £144.3M, up 33% YoY, with e-commerce sales of £39.4M and profits up 77% to £39.9M — Commissions on sales made through its hobby titles boost magazine group during industry downturn
Discussion:
Press Gazette, @saschasegan, @whatthebit and CityAM
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