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12:40 PM ET, March 25, 2021

Mediagazer

 Top News: 
Casey Newton / Platformer:
Interviews with 14 current and former Medium employees portray a dysfunctional company; sources say Medium has 700K paid subs, suggesting $35M+ in revenue  —  I.  —  Last week, a partnerships manager at Medium working with the White House found that there was a strange problem with the platform …
Eric Levitz / New York Magazine:
Substack is only a “scam” in the same way that modern media is, where star pundits profit and talented reporters go underemployed  —  If you aren't sufficiently broken inside to be an extremely-online journalist — or, worse, a non-journalist who diligently monitors the beefs within …
Mel / @wearemel:
[Thread] Mel, the men's magazine backed by Unilever's Dollar Shave Club, is stopping publishing, ending its ties with Dollar Shave Club, and seeking a new owner  —  Some news: After six years of successful partnership and transforming the men's health and media spaces for the better, MEL and Dollar Shave Club's financial relationship will come to an end in 60 days.
News Corp:
News Corp acquires Investor's Business Daily for $275M; the financial news and research business has ~100K subscribers and will be operated by Dow Jones  —  Digitally-Focused Financial News, Tools and Research Business To Be Operated By News Corp's Dow Jones Division
Alex Shephard / New Republic:
This week's coverage of the border lacks proper context, ignores the humans at the heart of it, and injects conflict into a relatively drama-free administration  —  On Sunday, ABC's This Week sent its weekly roundtable—excuse me, its Powerhouse Roundtable—on a field trip to the U.S.-Mexico border.
RELATED:
Tommy Christopher / Mediaite:
Politico Playbook criticized for an item that cast Trump's administration as having been more transparent than Biden's on migrant detention at the border
Bloomberg Media:
Bloomberg Quicktake says it had an average of 7.4M monthly viewers for its livestream channel and 56M for on-demand videos in its first three full months  —  New over-the-top streaming services include The Roku Channel, … The network also had 56 million average monthly viewers …
Wayne Friedman / MediaPost:
PrendeTV, Univision's Spanish-language, ad-supported streaming service is launching March 29 with 35 channels and 30K hours of content  —  Univision Communications held a virtual upfront-like advertising event on Wednesday, touting its new streaming service PrendeTV and promoting growing content investments and global pursuits.
Discussion: Ad Age, The Streamable and Beet.TV
Etan Vlessing / Hollywood Reporter:
ViacomCBS buys exclusive US rights to Italy's Serie A soccer championship, and Paramount+ will air 400 games live each season through 2024  —  The three-year deal will see 400 top flight games in Italy, including those with Cristiano Ronaldo and Juventus, air or stream each year through 2024.
Brian Steinberg / Variety:
Fox partners with Comcast's Freewheel, which specializes in digital ads, to offer addressable ads on Fox content viewed on Comcast properties like Xfinity  —  Fox Corporation is moving to offer the advertising of the future.  —  The company said it struck a partnership with FreeWheel …
Maxwell Tani / The Daily Beast:
Sources: HuffPost has picked Danielle Belton as its new EIC; Belton is currently the EIC at G/O Media's Black-focused news and culture outlet The Root  —  The left-leaning digital media pioneer will be helmed by The Root's current top editor Danielle Belton, The Daily Beast has learned.
 
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 More News: 
Matt Donnelly / Variety:
Jay Leno apologizes for jokes told over his career targeting Asian communities, saying it is not “another example of cancel culture but a legitimate wrong”
Kevin Roose / New York Times:
NYT turns one of its articles about NFTs into a NFT and puts it up for auction, with proceeds going to NYT's Neediest Cases Fund
 Earlier Picks: 
Joe Pompeo / Vanity Fair:
Sources: WaPo is looking for a “Journalistic Unicorn” to replace Marty Baron, someone with his stature but a stronger connection to “journalists of tomorrow”
Robert Channick / Baltimore Sun:
Filings: Stewart Bainum Jr. offered $650M to purchase all of Tribune Publishing even as its board endorsed a $630M offer from Alden Global Capital
Axios:
Ahead of House hearing, Mark Zuckerberg calls for Section 230 reform that makes protections conditional on platforms' ability to identify and remove content
David Leonhardt / New York Times:
Analysis finds 87% of COVID-19 coverage in the national US media last year was negative, compared to 51% in international media and 64% in scientific journals