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9:25 PM ET, July 13, 2020

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 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?
RELATED:
Kevin G. Hall / McClatchy Washington Bureau:
Chatham Asset Management, McClatchy's largest creditor, has won an auction to buy the bankrupt local news company
Hannah Giorgis / The Atlantic:
In making its case, the Harper's letter assumes that open debate is inherently democratic and fails to engage with journalism's history of discrimination  —  As protests against racist violence continue around the country during a deadly pandemic, a group of journalists, authors, artists …
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.
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.
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.
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.
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 …
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.
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 …
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.
Gerrit De Vynck / Bloomberg:
Sources, publishers, and advertisers say Google's 2015 decision to add a fourth ad atop Search negatively impacted results, decreasing organic website traffic  —  A push for quicker answers and more ad revenue has made it more expensive for online businesses to reach consumers.
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: Press Gazette
 
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 More News: 
Liz Martin / PR Newswire:
G/O Media appoints John Biggs as Editor in Chief of Gizmodo; John Biggs originally held the role of EIC at Gizmodo from 2003-2005
Christopher Mims / Wall Street Journal:
An overview of how data-driven tech and analytics are reshaping Hollywood's creative development process and market research during the pandemic
 Earlier Picks: 
Robert Channick / Chicago Tribune:
Chicago media orgs rethink business models and look for alternative funding during the pandemic: “There's never been a more challenging time for newsrooms”
Jeremy Arnold / Save Journalism Committee:
Deep dive into the recent tech vs media flareup, Taylor Lorenz, Balaji Srinivasan, and Vice's coverage, and why the media may not always be right in its framing
Mark Jurkowitz / Pew Research Center:
Survey: US adults aged under 30 follow election and pandemic news less closely than older adults, are most critical over news coverage of George Floyd protests
Ben Smith / New York Times:
While autocrats crack down on independent journalism in Malaysia, Russia, China, Egypt, the Philippines, Hungary, and elsewhere, the US looks the other way
 

 
From Techmeme:

Kent Walker / The Keyword:
Google says the US DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers and jeopardize US' global tech leadership

Daniel Howley / Yahoo Finance:
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% to $30.8B, vs. $29B est., and forecasts Q4 revenue above estimates

Matt Swayne / The Quantum Insider:
Google researchers introduce AlphaQubit, a machine-learning decoder that surpasses existing methods in identifying and correcting quantum computing errors

 
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