Top News:
Ken Doctor / Nieman Lab:
As the McClatchy deal closes, investment companies Alden, Fortress, and Chatham will control almost 45% of total daily newspaper circulation in the US — The hedge fund Chatham Asset Management reeled in its prize, as expected. But now what does it want to do with it?
Discussion:
@lucasgrindley, @joshtpm, @noahpinion, @caro, @darrendcarroll and @maryellenklas
RELATED:
Rick Edmonds / Poynter:
Chatham, which has been in a position to influence McClatchy for some time, seems unlikely to make deep cuts or take other radical action after its acquisition
Discussion:
@jeffburlew and @poynter
Kevin G. Hall / McClatchy Washington Bureau:
Chatham Asset Management, McClatchy's largest creditor, has won an auction to buy the bankrupt local news company
Discussion:
American Press Institute, New York Times, @joshtpm, USA Today, McClatchy Co, Wall Street Journal, @cezary, The Wrap, @doliver8, @jkelly3rd, The Week, @shelbygrad, @mrsmaris, Axios, @jkbjournalist, @meredithshiner, @mtdukes, @tomgara, @marmel, @lisaabramowicz1, @bgrueskin, @bgrueskin, @eclisham, @campbellsl, @wsj, @tclift, @mrdrew_taylor, @kdoctor, @asharma, @stevekopack, @carlos_frias, @will_bunch, The Hill, The Desk and Bloomberg
Kevin Draper / New York Times:
Black employees at ESPN, prompted by nationwide conversations on systemic racism, detail their own negative experiences with long-entrenched practices — In meetings and conversations among colleagues, ESPN employees have criticized the career pipeline and diversity of top leadership, eliciting a promise from executives to do better.
Discussion:
The Wrap, Awful Announcing, @kevinmdraper, @sabrinasiddiqui, @theonlyhonest, @bubbaprog, @drrubidium and @marcatracy
Brian Steinberg / Variety:
NBC to launch “Today All Day”, a 24-hour feed of material from its Today show, to be available on the Peacock streaming service when it launches Wednesday — After decades spent fighting TV's never-ending battle for morning-news dominance, NBC's “Today” is launching a salvo on another front: Hollywood's streaming wars.
Discussion:
NBC News, The Streamable, TVNewser, @xpangler, @kerrymflynn, @bluechoochoo, @bristei, @bristei and Engadget
David McCabe / New York Times:
In a May filing to Australia's antitrust regulator, Google said it doesn't control enough of the digital ad market to overcharge customers or block competitors — A document sent by the search giant to Australian regulators argues that the company doesn't control enough of the digital ad industry …
Discussion:
@dmccabe, more at Techmeme »
Todd Spangler / Variety:
SiriusXM will buy E.W. Scripps' podcast network and producer unit Stitcher for $325M; Scripps says Stitcher had $72.5M in 2019 revenue — According to E.W. Scripps, the $325 million price tag represents a return of more than 100% in its investment in podcasting over the last five years.
IAB:
IAB report: in 2019, US podcast advertising revenue increased by 48% to $708.1M; news is the top genre for US podcast advertisers, capturing 22% of revenue — According to the fourth annual IAB Podcast Advertising Revenue Report prepared by PwC, U.S. podcast advertising revenue is expected to grow 14.7% in 2020, despite the pandemic.
Discussion:
Adweek, Variety, MediaPost, @lucas_shaw, @nwquah, @lucas_shaw and Music Business Worldwide
Nieman Lab:
Study of 400 hyperpartisan sites masquerading as US local news: left-leaning examples focus on statewide reporting while right-leaning focus on local reporting — The growth of partisan media masquerading as state and local reporting is a troubling trend we've seen emerge amid the financial declines of local news organizations.
Discussion:
@janinezacharia, @gabekahn, @cnnladavid, @nigelduara, @emilybell and @millie
Hannah Murphy / Financial Times:
Inside Facebook's clubby network of invitation-only advertiser groups, called client councils, which use a mix of perks and pressure to keep brands close — Social media company uses a mixture of perks and pressure to keep brands close — Facebook likes to roll out the red carpet …
Discussion:
@financialtimes, @mshannahmurphy, @rajit_h, @ceektechnology, @hoofnagle, @loupas, @kloussikian, @alexhern, @daveleeft, @jason_kint and @jason_kint, more at Techmeme »
Lindsey Ellefson / The Wrap:
CNN to launch a new team covering race and systemic racism that will contribute to all CNN platforms and be led by Delano Massey, a recent hire from AP — CNN is launching “a new and expanded race team” after the weeks-long national conversation around race and racism, network president Jeff Zucker told staff Monday.
Discussion:
@davidfolkenflik, TVNewser and Breitbart
Sahil Patel / Wall Street Journal:
Mediaocean, which provides TV advertising software, to acquire 4C Insights, which offers ad tools for streaming video and social media, source says for $150M+ — 4C Insights offers ad tools for streaming video and social media — Mediaocean LLC, a firm best known for its TV advertising software …
Discussion:
@sizpatel, Adweek, @digitalshields and Beet.TV, more at Techmeme »
Scroll Blog:
Scroll announces a program to fund news curators, where curators receive 20% of value from a visit to a Scroll-enabled site, with Techmeme as its first partner — TL;DR We're excited to announce Why are you doing this? A few algorithms should not govern what content people encounter.
Discussion:
@arctictony, @gaberivera, @arctictony, @arctictony, @louisgray and @arctictony
Naman Ramachandran / Variety:
AP and WaPo join Trusted News Initiative, a global collaboration between news and tech companies, including NYT, Google, and BBC, to stop the spread of disinfo — Fake news fighter Trusted News Initiative (TNI) is setting up a shared early warning system of rapid alerts to combat the spread …
Discussion:
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