Top News:
Robert Channick / Chicago Tribune:
SEC filing: Alden took out two loans, totaling $278M, in the Tribune Publishing deal and removed CEO Terry Jimenez; Tribune was debt-free — It didn't take long for Alden Global Capital to put its imprint — and significant debt — on Tribune Publishing, after closing its $633 million acquisition …
Discussion:
@lalpert1, US Securities and Exchange Commission, New York Post, Columbia Journalism Review, The Wrap, @davidrlurie, @charlesornstein, @elyssacherney, @amlwhere, @joshpcain, @gaufre, @hartfordcourant, New York Post, @johnrussell99, @tomscocca, @elaheizadi, @maghielse, Chicago Sun-Times, @kevincarey1, @stacydavisgates, @ctguild, @rhodes_dawn, @saragregory, @daveweigel, @joshschwerin, @rumormill, @ryanchittum, @mightygodking, @tomscocca, @athertonkd, @jeremylittau, @timothypmurphy, @byjonharris, @jeremylittau, @robertchannick, @kenbensinger and The Hill
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Wall Street Journal:
Profile of Alden's Heath Freeman, as he bets on cost cutting, subscription revenue, and potential fees from licensing stories to giants like Facebook and Google — Heath Freeman, president of Alden Global Capital, is known for pushing big cost reductions, which he says help to save newspapers
Sara Fischer / Axios:
Sources: NYT is looking into a full acquisition of The Athletic, not a merger or a joint venture — The New York Times is looking into a potential acquisition of The Athletic, three sources familiar with the matter tell Axios. — Driving the news: Sources say The Times approached …
Discussion:
@dkthomp, @sarafischer, @dkiesow, @mikeorren, @aaronnagler, @danielpetty, @nickzararis, @yardsperpass, @talkingnewmedia, @jaycodon, @readdanwrite, @elanazak, Personanondata, @mathewi, @calebwatney, Nieman Lab, @matthew_barlowe, Awful Announcing, @ckrewson, @loudmouthjulia, @brettkollmann, @bryancurtis, @philipwegmann, @ckrewson, @austin_rief, @fergoe, @jamespmcleod, @hockeynuisance, The Hill, The Wrap and bookforum.com
David Bauder / Associated Press:
AP says it's starting a review of its social media policies, asking staff for suggestions, and hopes to have a committee presenting recommendations by September — NEW YORK (AP) — The Associated Press said Monday that it is launching a review of its social media policies after questions …
Discussion:
@penenberg, American Press Institute, @baekdal and Media Nation
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Erik Wemple / Washington Post:
Emily Wilder was wronged by AP editors, who were less concerned with work product than about “appearances”, defined by groups like Stanford College Republicans — On May 18, the Associated Press reported on the arrest of an arson suspect over a Los Angeles wildfire …
Discussion:
@sopandeb, @cdelshad, @brettmmurphy, The Intercept and Media Nation
Lindsey Ellefson / The Wrap:
Over 100 AP staff sign a letter saying they “strongly disapprove” with how Emily Wilder's firing was handled and call on AP to update social media policies
Discussion:
@kat__stafford, @davidfolkenflik, Politico, New York Times, @brianstelter, @tasneemn, BuzzFeed News, @parrillaga, @jayrosen_nyu, @tomwatson, @rafsanchez, @janinezacharia, Democracy Now, @anatpeled1, @davidfolkenflik, @nachristakis, @sammy_roth, @arielbogle, NPR, @adamelmahrek, The Intercept, Poynter, @ryanjreilly, @econ_marshall, @omarjsakr, @omar_gaza, @alexgibneyfilm, CNN, @ericboehlert, @dmrider, @lizsly, @dylanbyers, @jordanchariton, @debrajsaunders, @karenattiah, @juliareinstein, @froomkin, @jakemgrumbach, @nycsouthpaw, @bruce_arthur, @oliverdarcy, Fox News, @brianstelter, @froomkin, @w7voa, @feliciasonmez, @laurie_garrett, @thegarance, @dctello, @bcrodriguez, @dakekang, @jnicholsonindc, @chrisrugaber, @sameralatrush, @jayrosen_nyu, @elaheizadi, @jdakwar, @miriamelder, Mediaite and The Hill
Benjamin Mullin / Wall Street Journal:
In a staff meeting, Jeff Zucker said a CNN streaming platform will launch within the next year, and he defended the lack of a suspension for Chris Cuomo — President Jeff Zucker also said during a town hall that he would consider his future at the cable network given CNN parent company's merger with Discovery
Times of India:
Delhi police visited two Twitter offices in India after demanding Twitter explain why a “manipulated media” tag was given to a BJP spokesperson's tweet — - Tribunals are in pathetic condition, make appointments in without specifying tenure: SC to Centre
Fares Akram / Associated Press:
17 journalists covering Gaza say their WhatsApp accounts were blocked, possibly because they followed a Hamas group; WhatsApp says it will reinstate accounts — GAZA CITY, Gaza Strip (AP) — A few hours after the latest cease-fire took effect in the Gaza Strip, a number of Palestinian journalists …
Discussion:
@kenroth and BuzzFeed News
Canadian Press:
Facebook has signed deals with 14 Canadian publishers to pay for the ability to link to their news stories that are not already posted on its platform — MENLO PARK, Calif. — Facebook Inc. says it will pay some Canadian publishers for the ability to link to news stories not already posted on its platform.
Discussion:
Facebook Journalism Project, @reicurran, @navalang, @mathewi, @brianjjackson and Globe and Mail
Todd Spangler / Variety:
Vimeo stock fell 12.85% on Tuesday, its first day of trading as a public company after spinning off from IAC, closing at $45.39/share, with a ~$7.2B market cap — Shares of video-hosting provider Vimeo fell 12.85% on Tuesday, its first day of trading as a publicly traded company …
Discussion:
Reuters, Crain's New York Business, PR Newswire and Yahoo Finance, more at Techmeme »
Sara Fischer / Axios:
AP and FanDuel sign an agreement to make FanDuel the exclusive provider of sports odds across the AP's global sports report — FanDuel and The Associated Press have reached an agreement to make FanDuel the exclusive provider of sports odds across AP's global sports report, executives tell Axios.
Discussion:
@ckrewson, @maxwelltani, @labuzamovies, @nickwingfield, @mattwaite, @justinbaragona, @jackkramer, Defector, @peterhassett, @barry, Sportico and Awful Announcing
Chris Willman / Variety:
OneOf, a music-focused NFT marketplace backed by Quincy Jones, raises $63M in seed, says its Tezos blockchain protocol uses less energy to mint NFTs than others — An NFT music platform backed by mogul Quincy Jones has secured the support of artists including Doja Cat, John Legend, H.E.R. …
Discussion:
Rolling Stone, Wired, Cointelegraph, CoinDesk, Billboard, TheGrio, The A.V. Club, Music Business Worldwide, Forbes and Engadget, more at Techmeme »
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