Mediagazer: Twitter to launch ad campaign to promote local journalism, starting with 28 full-page ads in local papers across the Gannett/USA Today and McClatchy networks (Sara Fischer/Axios)

1:20 PM ET, May 3, 2021

Top News:

Steve Kovach / CNBC:

Verizon says it will sell Yahoo and AOL to PE firm Apollo Global Management for $5B, keeping a 10% stake in the company, which will be rebranded as just “Yahoo” — - Verizon will sell its media group, which includes brands from AOL and Yahoo, to private equity firm Apollo Global Management.

Discussion: Verizon, New York Times, Hollywood Reporter, TechCrunch, CNN, Ad Age, Variety, The Desk, Bloomberg, Axios, CNBC, The Wrap, AdExchanger, MediaPost, Adweek, Fast Company, WWD, Insider, Financial Times, @sarafischer, The Hill, Gizmodo, The Under60 Daily, PRWeek, @karaswisher, @hamburger, @matthewkeyslive, New York Post, AllAccess.com, @paulandstorm, @noisyhuevos, @megreenwald, Associated Press, Protocol, The Verge, TV Technology, @joshsteimle, @m4tt, @jonrussell, @stevekovach, The Desk, @carlquintanilla, @evleaks, @pkafka, @alex, @sherman4949, @milwaukeebonds, @craigcalcaterra, @taralach, @lanceulanoff, @martinsfp, @jshieber, @ronandunnevz, Insider, Ad Age, @tomwarren, @alex, @ashkan, @yaserbi, @ceciliakang, @briangaar, @annaforflorida, @zjemptv, @dailydirtnap, @dannycrichton, @sarafischer, @davidclinchnews, @harrymccracken, @devindra, @evleaks, @digitalshields, FierceVideo, @smashdawg, @joshsternberg, @mattsmithkiro7, @profcarroll and @amykremer, more at Techmeme »

Meg James / Los Angeles Times:

The Los Angeles Times names Kevin Merida as its executive editor; Merida has previously been the EIC of ESPN's Undefeated — The Los Angeles Times has named veteran journalist Kevin Merida as its top editor and tasked him with transforming the storied 139-year-old newspaper into a digital powerhouse that thrives for decades to come.

Sara Fischer / Axios:

Twitter to launch ad campaign to promote local journalism, starting with 28 full-page ads in local papers across the Gannett/USA Today and McClatchy networks — Twitter on Monday will launch a major advertising and social media campaign urging people to follow local journalists and support their work.

Discussion: Columbia Journalism Review, @sarafischer, Twitter, @ericzuck, @vermontgmg, @kerrymflynn, @wolfejosh, @ofirahy, @scottnover, @thischrishorne, @raju, @niketa, @stphnfwlr, @parkermolloy, @larakate, @evelyndouek, @donlday, @mollybeck, @kerryleary and Insider

Oliver Darcy / CNN:

WaPo, NYT, and NBC News issue significant corrections, retracting earlier reporting that said Giuliani and OAN had been warned by the FBI about Russian disinfo — New York (CNN Business)The Washington Post, The New York Times, and NBC News on Saturday issued significant corrections …

David Folkenflik / NPR:

Upstart digital news site The Colorado Sun says it acquired 24 suburban newspapers around Denver, with the backing of the National Trust for Local News — group of disheartened former Denver Post editors and reporters launched an upstart news site two-and-a-half years ago, called it The Colorado Sun …

Discussion: The Colorado Sun, @jayrosen_nyu, @froomkin, @estebanhrz, @efindell and @davidfolkenflik

Cynthia Littleton / Variety:

Gray Television says it will acquire Meredith's local media group for $2.7B in cash; Meredith's National Media Group will be spun out as a standalone company — Atlanta-based Gray Television has reached a deal with Meredith Corp. to acquire 17 TV stations for $2.7 billion.

Discussion: Bloomberg, The Streamable, GlobeNewswire News Room, MediaPost, The Wrap, The Hill, @variety_cynthia, TheStreet, @sarafischer, Bloomberg, @dangriffinwlwt, @greta and TV Technology

Bente Birkeland / Colorado Public Radio:

Newsmax settles with a Dominion Voting Systems staffer after airing false claims of voting machine manipulation, issuing an apology; the staffer dropped suit — The far-right media outlet Newsmax, which amplified former President Trump's false allegations of election rigging and widespread voter fraud …

Margaret Sullivan / Washington Post:

As big Sunday news shows continue to invite Republicans who tried to overturn the election, some local outlets regularly remind their audience during news items — The journalists at WITF, an all-news public radio station in Harrisburg, Pa., made a perfectly reasonable decision a few months ago.

Discussion: @sulliview, @pamelabrowncnn, @tvietor08, @timelywriter, @scottdetrow, @jayrosen_nyu, @jaketapper, @jayrosen_nyu, @blackamazon, @oliverdarcy, @kristoncapps, @soledadobrien, @jonfavs, @dangillmor, @soledadobrien, @pamelabrowncnn and @brfreed

Chris Young / The Reporters Committee …:

RCFP's 2020 US Press Freedom report: police were responsible for 80% of assaults at protests, affecting 324 reporters, with 195+ seemingly deliberately targeted — The fourth annual report reveals the startling extent of police violence against journalists during a year of protest.

Discussion: @rcfp, @froomkin, @uspresstracker, @rcfp, @elizlanders, @freedomofpress, @digiphile and @digiphile

Megan Graham / CNBC:

Roku's ad sales boss Alison Levin on how the company steered through the pandemic, seeing mass cancellations at first but then rebounding with a record quarter — - Roku saw a massive hit with cancellations in March at the beginning of the pandemic, letting businesses out of deals as they saw fit.

Discussion: @megancgraham, @megancgraham, Protocol, @chalozin, @digitalshields and AdExchanger

Dade Hayes / Deadline:

Fox's free streaming service Tubi says it will launch 140 hours of original programming in the fall, and its total view time in Q1 grew by 54% YoY — Tubi, Fox Corp.'s free, ad-supported streaming service, will enter the original programming arena this fall.

Discussion: Variety, @loudmouthjulia, @animatedplus, @richlightshed, @xpangler, @thecartooncrave, Hollywood Reporter and The Streamable

Variety:

A look at compensation for CEOs and key decision-makers at Comcast, Disney, Netflix, Fox, and AT&T in 2020, after splashy announcements of pandemic pay cuts — Do media barons believe in shared sacrifice? When the COVID-19 pandemic hit in 2020, several CEOs made headlines …

Discussion: @variety, @variety, @variety and Digiday

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Danielle Kilgo / Columbia Journalism Review:
Analysis of BLM news coverage demonstrates the “protest paradigm”, where protesters' grievances are delegitimized by a press that favors spectacle and conflict

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Charlotte Tobitt / Press Gazette:
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Earlier Picks:

Cathy Burke / New York Daily News:
Workers at the New York Daily News voted on Friday to join The NewsGuild of New York in an election verified by the NLRB with a vote of 55-3

Discussion: @benjamindictor, @c_sommerfeldt, @johnannese, @bill_goldschlag and @nydnunion

Keith J. Kelly / New York Post:
WNYC lays off 14 staff members, including Gothamist EIC, saying a 27% plunge in sponsorship funding during the pandemic had left it with “a sizeable deficit”

Discussion: @raju, @ryeh, @carolinedraws, @carolinedraws, @traciehunte, @wperiyasamy, @jangelooff, @stu_rush, @wyszniewski, @wyszniewski, @jangelooff, @annietodd96, @joshnathankazis, @christrobbins and @gwynnefitz

Dorany Pineda / Los Angeles Times:
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The Intercept:
The Intercept says it stands behind reporter Mara Hvistendahl and her reporting on Oracle's ties with China, and condemns “bullying” by Oracle EVP Ken Glueck

Chris Welch / The Verge:
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