Top News:
Wall Street Journal:
Sources: Stewart Bainum and Hansjörg Wyss say they can personally contribute $600M+ total toward their $680M bid, up from $200M, as Alden's bid loses favor — Tribune likely to deem new bid superior to agreement with Alden, according to sources — A Maryland hotel magnate …
Discussion:
@royalpratt, Axios, Media Nation, @blairkamin, Columbia Journalism Review, Nieman Lab, @robpegoraro, @jbenton, @kerrymflynn, @sarah_m_wojcik, @kerrymflynn, The Week, @jbenton, @wsj, @nestruck, @ourmaninchicago, @ryanhanrahan, Robert Feder, @noah__goldberg, @samontv, @harrysiegel, @tomwarren, @petersagal, @anthony, @lalpert1, @cararlombardo, @hotlinejosh, @brynstole, @jessbravin, @jayrosen_nyu, Chicago Sun-Times, @benmullin and @brianstelter, more at Techmeme »
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Katie Robertson / New York Times:
Tribune says it has begun discussions about a sale to Bainum and Wyss' company Newslight, but won't terminate the Alden merger agreement for now — Two months after agreeing to sell itself to Alden Global Capital, a New York hedge fund, the company behind The Chicago Tribune and The Baltimore Sun may shift course.
Discussion:
@katie_robertson, @ckrewson, @brianstelter, @hayleighcolombo, @rolandsmartin, @whet, @mcallguild, @davidfolkenflik, The Week and @davidfolkenflik
Shawna Chen / Axios:
SCOTUS vacates a lower court ruling that Trump's Twitter blocks violate 1A but says “unprecedented” power of social platforms over speech should be addressed — The Supreme Court vacated a lower court ruling that found former President Trump violated the First Amendment …
Discussion:
@mjs_dc, Supreme Court of the United States, @mjs_dc, @mjs_dc, @mjs_dc, Insider, Associated Press, @sodangfancy100, @mmasnick and KEYT-TV, more at Techmeme »
Sarah Ellison / Washington Post:
How Condé Nast's rushed push for diversity, alongside Anna Wintour's hazy understanding of Teen Vogue, left its staff blindsided after the McCammond hiring mess — From the start, Alexi McCammond seemed an unlikely candidate to become a top boss within the storied Vogue empire — at least on paper.
Discussion:
@sarahellison, @ursulaperano, @adamgreen, @raju, Poynter, @ericmgarcia, @zoddies, @sulliview and @jbarro, Thanks:@heidilegg
Katie Robertson / New York Times:
NYT names Jim Dao, a deputy editor on the national desk, as its new Metro editor; Dao has worked in a wide range of roles at the paper since 1992 — A veteran of the paper is appointed to lead its local coverage as candidates line up to succeed Mayor Bill de Blasio, and New York City looks beyond the pandemic.
Discussion:
@jswatz, @froomkin, @palafo, @cliffordlevy, @cliffordlevy and The New York Times Company
Brandy Zadrozny / NBC News:
A look at The News Alerts of Beaver County, a Facebook Group in PA that is filling the local news void after local outlets declined, while often hosting misinfo — The day after Thanksgiving 2019, residents of Chippewa Township, Pennsylvania, watched from their windows as state …
Discussion:
@jayrosen_nyu, @kerrymflynn and @kerrymflynn
Ben Smith / New York Times:
Profile of Viet Dinh, Fox's chief legal officer, who has been seen internally as the company's power center since before Lachlan Murdoch moved to Australia — Even before the company's C.E.O., Lachlan Murdoch, moved to Australia, Viet Dinh was seen as Fox's power center.
Discussion:
@jameeljaffer, @jeremymbarr, @miketatarski, Mediaite, @rmac18, @jacketpotato and @avtrask
The Princetonian:
EICs of all eight Ivy League papers are women for the first time: they discuss what this milestone means, priorities moving forward, and more — For the first time, women hold the highest editorial positions at all eight Ivy League papers. — The path to leadership …
Discussion:
@spj_tweets, @jodikantor, @oliviagieger, @mikemadden, @sarajust, @tdavisfreep, @katierosman, @ericcolumbus, @jasosamd, @lucymcaldwell, @kristie_valerie, @alicefromqueens, @leighmunsil, @pfagell, @davidmwessel, Poynter, @niemanlab, @daisy_conant, @jsyche, @ddiamond, @ort_jon and American Press Institute
Josh Marshall / The Atlantic:
Many digital news outlets are just not financially viable, and those that sought scale lost to platforms; survivors nurture durable ties to specific customers — On March 9, management at HuffPost notified 47 employees that they were being laid off as part of a cost-cutting effort following …
Discussion:
@craigcalcaterra, @elipariser, @mathewi, contextisking.com, @michellemanafy, @annehelen, @mitalilive, @davidsirota, @hchawlah, @elizatalks, @jaredshopkins, @tylrfishr, @ckrewson, @yappelbaum, @jayrosen_nyu, @ginaspadafori, @dougfisher, @adriennelaf, @sstossel, @ahmed, @genepark and @theatlantic
New York Times:
Profile of Bill Hwang, who led Archegos Capital Management to being the top shareholder in ViacomCBS, behind ~$20B in shares before the price halved in a week — Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.
Discussion:
@jodyavirgan, @edmundlee, @sherman4949, @nomiprins, @jessefelder, The YEET, @trungtphan and @finalappchfix
Faith Blackinton / CNBC:
Recent major song catalog acquisitions, like Paul Simon's and Bob Dylan's, are fueled by low interest rates, rise of streaming, and estate planning by artists — - Baby Boomer rock icons Paul Simon, Bob Dylan, Stevie Nicks and Neil Young have sold all or portions of song catalogs in recent deals.
Claire Stern / InStyle:
Profile of Kaitlan Collins, chief White House correspondent for CNN, on her “apolitical” upbringing, being banned from a Trump press event in 2018, and more — Her news-making MO? “Making sure you're being fair, making sure you're reaching to people, and making sure you're right.”
Discussion:
@poppyharlowcnn, @kfile, @brianstelter, @oliverdarcy and @instyle
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