Mediagazer: The Los Angeles Times and the San Diego Union-Tribune had a $50M drop in revenue in 2020, according to the president of the newspapers' parent company (J. Clara Chan/The Wrap)

7:35 PM ET, March 25, 2021

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 …

Discussion: @silvermanjacob, Medialyte, @caseynewton, @felixsalmon, Adweek, @mattyglesias, @caseynewton, @ahmed, @caseynewton, The Business of Business, Columbia Journalism Review, @jayrosen_nyu, @rklein90, @karaswisher, @jakebackpack, @gadyepstein, @cwarzel, @janefriedman, @aleksnotalex, @barry, American Press Institute, @jakebackpack, @jakebackpack, @hshaban, @caseynewton, @caseynewton, @felixsalmon, Insider, @craigmod, @mat, @clarajeffery, @anthony, @moorehn, What's New in Publishing, @teddyschleifer, @teddyschleifer, @reckless, @katzish, @jamesrbuk, @sarahw, @mattyglesias, @nberlat, @aliciakennedy, @chaykak, @gamoid, @alexeheath, @emilybell, @annehelen, @kimzetter, @noahshachtman, @aaronhuertas, @katiedrumm, @caseynewton, @caseyjohnston, @caseynewton, @caseynewton, @ryanlawler, @bluechoochoo, @hunterw, @choire and @backlon, more at Techmeme »

Will Oremus / @willoremus:
[Thread] Will Oremus, who has covered platforms, online speech, and tech policy for OneZero, is accepting a buyout from Medium

Discussion: @sarahnemerson, @blakereid, @jesselehrich, @thekenyeung, @scottnover, @sfiegerman, @silvermanjacob, @ericholthaus, @abbyohlheiser, @caseynewton, @willoremus, @willoremus, @willoremus, @sarahnemerson, @willoremus and @taylorlorenz

Substack Blog:

Substack offers further clarity on its content moderation guidelines, detailing its stance on harassment, doxxing, hate, and more — In December, we published a statement about our philosophy on content moderation. In the time since, content moderation policies across all platforms have become only more consequential and debated.

Discussion: @mathewi, @adders, @adders, @adders, @adders, @adders, @alexhibbert, @jer_diamond, @guillermokrh, @guillermokrh, @aaronhuertas, @ggreenwald and The Wazzock's Review

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 …

Discussion: @sacca, @espiers, @amywestervelt, @slooterman, @radiofreetom, bookforum.com, @ericlevitz, @emilybell, @pbump, @zachwritesstuff, @ginamizell, @alexmcdaniel, @claireefallon, @kantrowitz, @augustjpollak, @mcmansionhell, @marisa_ingemi, @jason, @tnwhiskeywoman, Memex 1.1, @thrasherxy, @edroso, @kyleaglaser, @jilliancyork, @annehelen, @jilliancyork, @delia_cai, @lizzieohreally, @lizzieohreally, @davidfolkenflik, @stevemullis, @mollywood, @mollywood, @caseyjohnston, @mollywood, @caseyjohnston, @sacca, @mollywood, @sacca, @cameronwilson, @thrasherxy, @jowrotethis, @sethwemerson, @goldietaylor, @lindseyadler, @davegershgorn, @howelloneill, @milehighrobert, @hannahrkeyser, @patrick_hruby, @davidubben, @benpopper, @rachelmetz, @adavidhalejoint, @alec_lewis, @thelincoln, @bdhowald, @annaleen, @lizzieohreally, @karaswisher, @sacca, @karaswisher, @anne_elizabeth, @frankicookney, @ntavakolifar, @ninabernstein1, @hkesvani, @amywestervelt, @annacod, @amywestervelt, @amywestervelt, @amywestervelt, @annanowo, @amywestervelt, @danismcnally, @michellemanafy, @rachelconnoll14, @sadydoyle, @wudanyan, @hkesvani and @rklein90

Eric Lutz / Vanity Fair:

CNN's defense of Chris Cuomo getting priority COVID testing again indicates that CNN seems to have no ethical issue with the relationship between the Cuomos — Chris Cuomo never missed an opportunity to tell his “luv guv” big brother what a great job he was doing.

Discussion: Albany Times Union, New York Times, Los Angeles Times, Washington Post, New York Post, Talking Points Memo, @claytravis, Reason, @richlowry, The Federalist, scheerpost.com, Insider, NPR, TVNewser and The Wrap

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

Discussion: MediaPost, Variety, Los Angeles Times, Radio & Television …, @markdistef, Talking Biz News, @mathewi, @dylanbyers, @felixsalmon, @pkafka, The Hill, Reuters and Bloomberg

J. Clara Chan / The Wrap:

The Los Angeles Times and the San Diego Union-Tribune had a $50M drop in revenue in 2020, according to the president of the newspapers' parent company — The Los Angeles Times and the San Diego Union-Tribune lost “north of $50 million” in revenue in 2020, company leadership told staffers at an all-hands meeting on Thursday.

Discussion: The Hill, The Wrap and @sharonwaxman

Katie Robertson / New York Times:

The New Republic names Michael Tomasky as its top editor and is moving back to Washington, DC from New York — The New Republic named a new editor on Thursday and announced that it was moving back to Washington, its home city for most of its 107-year existence.

Discussion: @markamesexiled, @jeffjarvis, @yascha_mounk, @mollyjongfast, @marklgoldberg, @samstein, @joshtpm, The Daily Beast, @jessesingal, @notjessewalker, @simonwdc, @noahshachtman, @froomkin, @rebleber and @nytimes

Mitchell Clark / The Verge:

The Kevin Roose column in NYT that was auctioned as an NFT has sold for around $560,000, with proceeds going to NYT's Neediest Cases Fund — How much is an NFT of an article in The Paper of Record worth? — SHARE All sharing options — The New York Times has entered the NFT game …

Discussion: Bloomberg, Mediaite, Insider, @tedgioia, @davedufournba, @fmanjoo, @darrenrovell, @dgardner, @revkin, @walsha, @annpettifor, @highkin, @silviakillings, @karlbode and The Hill

Miles Parks / NPR:

Misleading articles linking vaccines and death are among the most popular vaccine stories online as multiple outlets write about the same small number of deaths — The odds of dying after getting a COVID-19 vaccine are virtually nonexistent. — According to recent data from the Centers …

Discussion: Gizmodo, Fast Company, @nprpolitics, @cward1e, @drgarybennett and Washington Post

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, Beet.TV and The Streamable

Katherine Jacobsen / Committee to Protect Journalists:

Q&A with The Markup's Nabiha Syed on the upcoming SCOTUS decision on the Computer Fraud and Abuse Act, which affects data journalists who scrape websites — At first glance, the connection between data journalism and a Georgia police officer accused of accessing a government database for an improper purpose might seem tenuous.

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.

Discussion: Light Reading, The Streamable, CBS Chicago and Cord Cutters News

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.

Discussion: Jezebel, Insider, @asteadwesley, @afroxander, @alex_shephard and KNSD-TV

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

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Output Producer, CA — AP

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Senior Assignment Editor, DC — WaPo

Breaking News Editor, Tokyo — Bloomberg

Senior Correspondent - Wealth, NY — WSJ

Reporter - Ottawa Bureau — Globe & Mail

Local Government Reporter, IA — The Gazette

Research Director, CA — OCBJ

Immigration Enforcement Reporter — Documented

Presque Island Reporter, ME — Bangor Daily News

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Senior Reporter, SC — Island Packet

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More News:

Calvin Reid / Publishers Weekly:
A look at BookClub, a subscription-based, virtual book club for author-led book discussions, which is launching in the spring

Discussion: Variety

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

Discussion: Ad Age, @robabramowitz, @caitlinmurr, @spj_tweets, @chrissieevert, MediaPost, Radio & Television …, Beet.TV and FierceVideo

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

Discussion: Talking Biz News and @bbgmedia

Earlier Picks:

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

Discussion: @perlberg, @danielleiat, Are You Engaged?, @_cooper, @amandakhurley, @weischoice, @pappademas, @chrislhayes, @joshsternberg, @digitalshields, @karaswisher, @maxwelltani, @allisonpdavis, @lolacoaster, @billcorbett, @gabrus, @thesamhita, @raxkingisdead, @edzitron, @bradesposito, @alanalevinson, @manymanywords, @chick_in_kiev, @grimkim, @eileenguo, @robaeprice, @annehelen, @walldo, @malonebarry, @delia_cai, @merrittk, @milesklee, @margarita, @kantrowitz, @lindsaygoldwert, @mottel, @parkermolloy, @keithrhernandez, @bykellycohen, @lfitzmaurice, @zaron3, @pfpicardi, @madeleinecholia, @morgan_sung, @chrisvannini, @karengeier, @noelmu, @chris_mandle, @tomvictor, @inthefade, @blakehounshell, @amandafarough, @mattdpearce, @spencerdukoff, @jaredlholt, @oneunderscore__, @hshaban, @alanalevinson, @alanalevinson, @alanalevinson, @benyt and @taylorlorenz

Kaitlyn Tiffany / The Atlantic:
A look at Remember the Internet, a series of pocket-sized books dedicated to immortalizing subcultures and combating the ephemerality of being online

Discussion: @owenthomas, @lambdaliterary, @caseyplett, @instarbooks, @manwhohatesfun, @quinmyers, @ahmed, @sunaina_patnaik, @adriennelaf and @internetarchive

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

From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Kyle Wiggers / TechCrunch:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January

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