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, Tribune Publishing Company, American Press Institute, @blairkamin, Columbia Journalism Review, Axios, Nieman Lab, Vanity Fair, Media Nation, The Week, @jbenton, @wsj, @nestruck, @ourmaninchicago, @ryanhanrahan, Robert Feder, @noah__goldberg, @kerrymflynn, @robpegoraro, @jbenton, @kerrymflynn, @samontv, @harrysiegel, @tomwarren, @petersagal, @sarah_m_wojcik, @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, @hayleighcolombo, @davidfolkenflik, @rolandsmartin, @whet, @brianstelter, The Week, @mcallguild and @davidfolkenflik
Shawna Chen / Axios:
SCOTUS vacates a lower court ruling that Trump's Twitter blocks violate 1A — The Supreme Court vacated a lower court ruling that found former President Trump violated the First Amendment by blocking followers on Twitter, ordering the case to be dismissed as moot now that he is no longer in office.
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, Poynter, @ericmgarcia, @zoddies, @sulliview, @raju, @adamgreen and @jbarro, Thanks:@heidilegg
Todd Spangler / Variety:
Audible hires Zola Mashariki, former senior exec at Fox Searchlight and BET, to oversee original content as the new head of Audible Studios — Zola Mashariki, former senior exec at Fox Searchlight and BET, is the new head of Audible Studios. — In the role at the Amazon-owned audio content platform …
Discussion:
The Wrap, Hollywood Reporter and @lucas_shaw
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
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 43,000-member Facebook Group in PA that fills the local news void but often hosts exaggerations and falsehoods — The day after Thanksgiving 2019, residents of Chippewa Township, Pennsylvania, watched from their windows as state …
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, contextisking.com, @mathewi, @michellemanafy, @annehelen, @mitalilive, @davidsirota, @hchawlah, @elizatalks, @jaredshopkins, @tylrfishr, @ckrewson, @yappelbaum, @jayrosen_nyu, @ginaspadafori, @dougfisher, @adriennelaf, @sstossel, @ahmed, @genepark and @theatlantic
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:
@sarajust, @katierosman, @lucymcaldwell, @jodikantor, @alicefromqueens, @pfagell, @spj_tweets, @davidmwessel, @mikemadden, @jasosamd, @kristie_valerie, @leighmunsil, @ericcolumbus, @tdavisfreep, @oliviagieger, Poynter, @niemanlab, @daisy_conant, @jsyche, @ddiamond, @ort_jon and American Press Institute
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:
@edmundlee, @sherman4949, @nomiprins, @jessefelder, @jodyavirgan, The YEET, @trungtphan and @finalappchfix
John McDermott / Post and Courier:
Evening Post Industries, the parent company of The Post and Courier, will spin off its newspaper division and other subsidiaries into three separate businesses — The parent of The Post and Courier is proposing to spin off its newspaper division and other subsidiaries into three separate businesses under …
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