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
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