Top News:
Gerry Smith / Bloomberg:
Source: Stewart Bainum offers to double his stake to $200M in a bid for Tribune and would tap $100M in debt financing; he seeks a partner to buy Chicago paper — - Stewart Bainum offers to include $200 million of his own money — Bid partner Hansjoerg Wyss dropped out of an earlier proposal
Discussion:
@davidfolkenflik, @ndhapple, @hopnotes, @lat_iliana, @jkbjournalist, @jayrosen_nyu, @froomkin and @davidfolkenflik
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Julie Reynolds / DFM Workers:
Alden has said it will pay $375M to buy remaining Tribune shares, but its financial issues indicate it may force Tribune to take on debt to finance the purchase — Cash-strapped and banished from its luxury offices, Alden Global Capital has crafted a Faustian bargain to buy the publisher
Discussion:
@lillianereed, @theoreticalb, @darrendcarroll, @darrendcarroll, @ctguild, @darrendcarroll and @mcallguild
@usatoday_pr:
[Thread] In a letter, Gannett disputes specific wage and demographic data shared by the NewsGuild after a study of 14 unionized Gannett newsrooms — .@Gannett issued a response to @newsguild and their misinformation campaign re: the ‘study’ of 14 out of our 250+ newsrooms. We address the facts that were not disclosed. Gannett is on a journey. We've been transparent about our goals. #facts https://usatodaynetworkcareers.com/ ...
Discussion:
Phoenix New Times, @phoenixnewtimes, @mattdpearce, @gaufre, @karenkho, @valposting, @nataliaecg, @abbierbennett, @travismayfield, @wbng32035, @_cingraham, @amna__subhan, @pdineclah, @aurabogado, @lydiaslattery, @gryphonwatcher, @angelmendoza___, @zagatam, @tiffanyaldinger, @mattdpearce, @agnel88_philip, @byjoelanderson, @papscun, @davidjneal, @angelmendoza___, @rebekahlsanders, @s_m_i, @rebekahlsanders, @jennylynne, @diinsilversmith, @mariana_dale, @theseanlogan, @bylhernandez, @rossacrosswi, @byfernandas, @agnel88_philip, @kristinadavis, @adlavinsky, @mauriciopena, @rebekahlsanders, @_cingraham, @adriana_lacy, @_cingraham, @rebekahlsanders, @fotornelas, @annakhyzy, @thelaurenloftus, @gilbertromeroaz, @canntoya, @edzitron, @mikeshepherdme, @abbeycrain, @omar_frompr and @diannananez
Reuters:
Sources: Forbes Media, bought by Integrated Whale Media in 2014, is in talks to go public via merger with a SPAC; it also is taking bids from private investors — NEW YORK (Reuters) - Business news and information publisher Forbes Media LLC is in talks to go public through a merger …
Discussion:
Talking Biz News, @kenli729, @readkrystalhu, @bmorrissey, @jyarow and @bmorrissey
Todd Spangler / Variety:
Jeff Bezos says Prime Video streaming hours are up over 70% YoY, with more than 175M Prime members having streamed TV shows and movies in the past year — Amazon knocked the cover off the ball again in the first quarter of 2021 — and released a new data point: More than 175 million Prime members …
Discussion:
Amazon Inc., ZDNet, Hollywood Reporter, CNBC, @ukonwaojo, The Verge, The Streamable, @xpangler, Deadline, IndieWire and The Wrap, more at Techmeme »
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Megan Graham / CNBC:
Amazon says its “other” unit, comprised mostly of advertising, had Q1 revenue of $6.9B+, up 77% YoY, beating expectations and up from 44% YoY growth in Q1 2020 — - Amazon's “other” unit, which is primarily made up of advertising but also includes sales related to its other service offerings …
Discussion:
Fast Company, more at Techmeme »
Bloomberg:
Endeavor, owner of UFC and WME, rose 5% in its trading debut after raising $511M in its IPO; shares opened at $24 and closed at $25.20 — - Shares of media-talent company up 5% in first day of trading — Silver Lake to control most of media firm's voting power
Discussion:
Variety, Fast Company, Los Angeles Times, Business Wire, @crystalttc, The Wrap, MMA Fighting, New York Post, @heidi_chung and Deadline
Thomas Moore / The Hill:
Survey of 1,762 non-satellite TV stations: 20.5% of TV newsroom leaders said staff had been physically attacked in 2020; 39% in top-25 markets reported attacks — More than one in five U.S. television newsrooms reported that their journalists were violently attacked last year and even more stations …
Discussion:
RTDNA Recent Articles, @econhardship, @tednesi, @murrownyc, @timjeby, @geoffwsyx6, TV Technology, @rtdna, TVSpy, @renokimburrows, @syracuseunews, Poynter and The Desk
Ina Fried / Axios:
Coalition of groups including Pen America, EFF, and more call on Biden to form a task force to combat deliberate disinformation without limiting free expression — A coalition of groups is calling on President Biden to create a task force that can explore ways to crack down on deliberate …
Discussion:
@jillgeisler, @rossgarber, @oliverdarcy, @jenniferm_q, @blackamazon, @blackamazon and @cendemtech
Pew Research Center:
In first 100 days, about two-thirds of news coverage dealt with Biden's policy, while most early Trump coverage was framed around his character and leadership — About two-thirds of news coverage dealt with Biden's policy agenda, while about three-quarters of early Trump coverage was framed around leadership skills
Discussion:
Los Angeles Times, @gottfriedjeff, @epkaufm, @violetikon, @mattgrossmann, @asmitch, @b_radj_ones, Dispatches From A …, Fox News, The Hill and Pew Research Center
Brian Steinberg / Variety:
Allen Media has agreed to buy seven TV stations from Gray TV for $380M in cash; Gray is selling the stations as a condition of acquiring Quincy Media's assets — Gray is divesting the stations as a condition of acquiring the assets of Quincy Media Inc. — Allen Media will own …
Discussion:
Deadline, Los Angeles Times and KSNB
Sheila Dang / Reuters:
Facebook says it is giving $5M to support local journalists using its new newsletter service; candidates covering communities of color will be given priority — Facebook Inc said Thursday it will give $5 million to pay local journalists in multi-year deals as part of its new publishing platform …
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