Top News:
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:
Awful Announcing, @kevinmdraper, @sabrinasiddiqui, @theonlyhonest, @bubbaprog, @drrubidium and @marcatracy
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, @caro, @noahpinion, @darrendcarroll and @maryellenklas
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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 — McClatchy owns 30 daily newspapers across the U.S., including the Miami Herald and The Kansas City Star
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:
New York Times, American Press Institute, McClatchy Co, Wall Street Journal, @joshtpm, USA Today, The Wrap, @doliver8, @cezary, @jkbjournalist, @jkelly3rd, Axios, The Week, @shelbygrad, @mrsmaris, @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
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 — Independent journalism is on the defensive, from Hungary to Malaysia. — Like many American media types, I spent a lot …
Discussion:
@benyt, @jayshams, @mathewi, @penamerica, @nilanjanaroy, @jason_kint, @edmundlee, @liyuan6, @lattif, @williamyang120, @davidakaye, @josheidelson, @anthony, @katherinemiller, @markdistef, The Morning Missive, Reason, @craigscottca, @virginiahughes, @kongtsunggan, @jamescrabtree, @rosstapsell, @luzmelyreyes, @suilee, @taramfrancis, @aaschapiro, @aaschapiro, @miriamelder, @liamstack, @nytimes and @blakehounshell
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.
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, @jason_kint, @kloussikian, @alexhern, @daveleeft and @jason_kint, more at Techmeme »
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, @bluechoochoo, @kerrymflynn, @xpangler, @bristei, @bristei and Engadget
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:
Adweek, @sizpatel, @digitalshields and Beet.TV, 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
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
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” — The COVID-19 pandemic has taken a toll on Chicago media. — From furloughs and layoffs to ceasing operations …
Discussion:
@joec2319, @illinoiscivics, @chicagotribune and @chicagotribune
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