Top News:
Financial Times:
As ViacomCBS expands CBS All Access with programming from Viacom and Paramount, it is considering rebranding the streaming service to Paramount+ — ‘Paramount+’ tops shortlist as battle with Disney moves centre stage in attempt to lift shares — ViacomCBS is considering a plan to rebrand …
Discussion:
@mattgarrahan, The Streamable, @tvmojoe, @sherman4949, @mgsiegler and @annaknicolaou
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Bloomberg:
ViacomCBS shares rose as much as 5.8% on Friday following a researcher's report that an activist investor may be gathering a significant stake — - Credit Suisse trades hint that shareholder is amassing stake — But any activist would have to win over Shari Redstone
Victoria Song / Gizmodo:
The death of Bon Appétit shows why media companies, which have no idea what makes videos work, failed with their half-baked plans to pivot to video — There are a zillion reasons why I have been mourning the Bon Appétit Test Kitchen. The one that hurts most is that the slow …
Discussion:
Digiday, @kolbemarket, @sesmith, @clairelizzie, @heyamandabrown, @msmiller, @decadent_hag, @gabrieljr and @stefthepef
Jacob Bernstein / New York Times:
W magazine will now be called W Media after being sold to Bustle Media Group and investors including film and TV producer Jason Blum — The movie and television producer Jason Blum, the racecar driver Lewis Hamilton and the model Kaia Gerber will also be investors.
Discussion:
MediaPost, Adweek, @eiffeltyler and @kerrymflynn
Press Gazette:
More than 2,000 jobs at UK-based news organizations have been cut during the COVID-19 crisis so far, with a large proportion of editorial staff affected — More than 2,000 jobs at UK-based news organisations have been put at risk during the Covid-19 crisis so far, with more expected to follow.
Sara Fischer / Axios:
Facing saturation and stiff competition in the US, media giants including Fox News and ViacomCBS are planning to launch new streaming services internationally — Facing saturation and stiff competition in the U.S., media giants are planning to launch new streaming services internationally to accrue more subscribers.
Discussion:
MediaPost and Insights - Nielsen
BuzzFeed News:
Facebook's employees and third-party fact-checkers say Facebook has sometimes overruled decisions on divisive content with little transparency — On May 8, Prager University, a nonprofit conservative media outlet, published a video on Facebook that incorrectly claimed “there is no evidence …
Discussion:
@rmac18, @craigsilverman, @prageru, @slpng_giants and @taraemcg, more at Techmeme »
Kristen Hare / Poynter:
Santa Cruz Local, a startup that focuses on county-level public policy reporting, has grown amid the pandemic to 500 paying members and 3,800 newsletter subs — Santa Cruz Local nearly doubled paying members since the coronavirus pandemic … “Hey everyone.
Discussion:
American Press Institute, @anikaanand00, @phillipadsmith, @needhibhalla, @kristenhare, @karambutan, @ckrewson, @jmpasko96 and @kdeanct
Ingrid Lunden / TechCrunch:
Warner Music acquires IMGN, which creates and tracks viral social media content in categories like e-sports, gaming, and ASMR, source says for just under $100M — It's a whole new playing field these days for music labels and publishers, and today one of the big three made an acquisition …
Aaron Mak / Slate:
Google's Ad Exchange is demonetizing pages that merely mention issues of race and LGBTQ rights, classifying them as “dangerous or derogatory content” — On Martin Luther King Jr. Day this year, the Atlantic decided to recirculate King's famous “Letter From Birmingham Jail,” …
Discussion:
@josh_levin, @michellemanafy, @slate, @jon_fischer and @hypervisible, more at Techmeme »
Spencer Hsu / Washington Post:
USAGM removed seven top execs on Wednesday after suspending their security clearances, citing security concerns over hiring of foreign workers — Members of Congress on Thursday condemned a leadership purge at the parent agency of Voice of America, escalating criticism that a new chief executive appointed …
Discussion:
@karenkornbluh and @vivian
RELATED:
Daniel Lippman / Politico:
USAGM has hired Frank Wuco, a former talk radio host who has called Obama a Kenyan and Nancy Pelosi a Botox-using Nazi, among other incendiary statements
Discussion:
CNN, @alanmillernlp, Gizmodo, @muslimadvocates, @awarriorscholar, @mmasnick, @schwartzbcnbc, @gavinsblog, @ambdana, @dlippman, @dlippman, @media_evan and The Guardian
Diana Kuryshko / BBC:
How Nexta, with a small editorial team of four in Warsaw and no website, is using its Telegram channel with 1.5M subscribers to bypass news blackout in Belarus — For days Belarusians have had little information of the unrest filling their streets, with state-run TV making little attempt …
Press Gazette:
UK court rules that Reach must pay damages of £49,000 to a school teacher following defamatory articles in The Sunday Mirror, Mirror Online, and Kent Live — A primary school teacher has been awarded damages of £49,000 over a series of articles published by three Reach titles.
Discussion:
bailii.org
Mark Gurman / Bloomberg:
Sources: Apple to launch “Apple One”, tiered subscription bundles, which will include Music, TV+, News+, and a new virtual fitness service, as early as October — - Company seeks more customer loyalty with twist on Amazon Prime — Bundles to include video, music, news, fitness and more
Discussion:
Forbes, Multichannel News, What's New in Publishing, Protocol, @rajuv, @genepark, @mgsiegler, @edemkumodzi, @film_girl, @gartenberg, @benbajarin, @lanceulanoff, @markgurman, @pkafka, @asymco, @ballmatthew, @arctictony, @alexhern, @somospostpc, @northmantrader, @kalltvatten, ScreenRant, ZDNet, Music Business Worldwide, The Streamable, The Verge, Fast Company and 9to5Mac, more at Techmeme »
RELATED:
Mark Gurman / Bloomberg:
Sources: Apple to start offering first video content bundle to TV+ subscribers, combining CBS All Access and Showtime for $9.99/mo, starting as early as Monday
Discussion:
Digital TV Europe, MediaPost, MacRumors, Variety, The Streamable, AppleInsider, 9to5Mac, The Wrap, Vox, Gizmodo, VentureBeat, Decider, Cord Cutters News and Business Insider
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