Top News:
Andrew Beaujon / @abeaujon:
Washingtonian editorial staff won't publish today after their CEO implied in a WaPo op-ed that management should categorize remote staff as contractors — As members of the Washingtonian editorial staff, we want our CEO to understand the risks of not valuing our labor. We are dismayed by Cathy Merrill's public threat to our livelihoods. We will not be publishing today.
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Maxwell Tani / The Daily Beast:
In an email, Washingtonian CEO apologized to magazine staff for her WaPo op-ed, assuring them there would be no changes to benefits or employee status — The D.C. magazine's staff revolted on Friday after their owner wrote an op-ed suggesting remote workers could be penalized—a “public threat to our livelihoods,” employees said.
Washington Post:
While Alden pledged $375M in cash for Tribune, one clause would let Alden finance the cash with debt or equity financing, possibly raising Tribune's debt burden — Experts say Alden Global Capital's offer to invest in the Chicago Tribune, Baltimore Sun and other newspapers isn't what it seems
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Bloomberg:
LA Times owner Patrick Soon-Shiong says journalism needs government help, Big Tech should pay for content, and he's undecided on which Tribune bid to support — - Patrick Soon-Shiong says tech giants should pay for articles — He's also No. 2 investor in Tribune, which is weighing bids
Discussion:
@newsynick and @gerryfsmith
Chris Welch / The Verge:
Google adds YouTube TV to the main YouTube app on Roku devices and says it is securing “free streaming devices” for customers in case talks with Roku fail — It's also securing ‘free streaming devices’ for customers in case talks with Roku completely fall apart
Sara Fischer / Axios:
YouTube to spend $7M on two year-long journalism programs: one for independent journalists who want to start channels, another to help digital-first newsrooms — YouTube is spending $7 million to fund two new programs to help journalists looking to build an audience on YouTube, executives tell Axios.
Discussion:
Yahoo News, Talking Biz News, Reclaim The Net, @nealmohan and @fordfischer
Victoria Lewis / WPTV:
Florida Governor Ron DeSantis has barred local media from attending the signing of a voting restriction bill; the event is a “Fox News exclusive” — Gov. Ron DeSantis has signed Florida's elections reform bill into law. DeSantis signed SB90, which includes restrictions on voting …
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The New York Times Company:
NYT announces a two-year paid editing residency program to “foster and nurture the next generation of editors” — The new residency will foster the next generation of editors, giving them the tools and extensive training they need to help shape journalism in the future.
Discussion:
@nytimespr, @ko_616, @emilyrnunn, @lizzieohreally, @emilyrnunn, @jilnotjill and @mathewi
Esther Crawford / Twitter:
Twitter introduces Tip Jar, allowing everyone using Twitter in English to send tips, and a limited group, including journalists and experts, to accept tips — We $ee you - sharing your PayPal link after your Tweet goes viral, adding your $Cashtag to your profile so people can support your work …
Discussion:
@twitter, @racheltobac, @kayvz, @twittersupport, MacRumors, ScreenRant, Gizmodo, @taylorlorenz, Tubefilter, Variety, Protocol, MediaNama, @racheltobac, 90 Second News, Liberty's Highlights, New York Post, @caseyjohnston, @tahk0, dexerto.com, @lollardfish, @blackamazon, @sacramentokings, @racheltobac, The Verge, @darrenrovell, @racheltobac, @racheltobac, @susanlitv, @wbm312, Transistori, @its_willyu, @michellehux, @mark_t_gray, @chrisdancy, @jaylabrenae, @nonlinearnotes, musically.com, @elizableu, @slpng_giants, @kurtisconner, @luulubuu, @thisisnfts, @kozza, @lfc_rv, @chuckwendig, @jack, @jayjurden, @prsarahevans, @tomwarren, 9to5Mac, TechCrunch, CNBC, Engadget and Whats New On The Net Podcast, more at Techmeme »
Jennifer Maas / The Wrap:
AMC Networks CEO says its five streaming services are on track to have at least 9M subscribers by the end of the year as Q1 streaming revenue grew 14% YoY — But the company smashed Wall Street's earnings expectations — AMC Networks missed revenue expectations for the first quarter of 2021 …
Discussion:
MediaPost, FierceVideo, AMC Networks Inc., Hollywood Reporter, Variety and Cord Cutters News
News Corp:
News Corp Q3: net income of $96M on revenue of $2.34B, up 3% YoY; WSJ subscriptions up 21% YoY to 3.38M, of which 2.63M were digital; digital ad rev up 30% YoY — - Revenues were $2.34 billion, a 3% increase compared to $2.27 billion in the prior year, driven by the continued strong momentum across our key growth pillars
Discussion:
Reuters
Keith J. Kelly / New York Post:
Heart is offering voluntary buyouts to its sales and marketing staff across its magazine division, digital ad agency, and branded content group — Hearst Magazines, which has mostly avoided layoffs since the pandemic began, said Thursday it will offer voluntary buyouts to all its sales and marketing employees.
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