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, @karenkho, Columbia Journalism Review, @tomscocca, @elaheizadi, @maghielse, @kevincarey1, @stacydavisgates, @ctguild, @rhodes_dawn, @saragregory, @daveweigel, @joshschwerin, @amlwhere, @rumormill, @karenkho, @ryanchittum, @mightygodking, @hartfordcourant, @gaufre, @charlesornstein, @joshpcain, @tomscocca, @athertonkd, @elyssacherney, @davidrlurie, @jeremylittau, @timothypmurphy, @byjonharris, @jeremylittau, @robertchannick, @kenbensinger, @johnrussell99, The Wrap, New York Post, The Hill and Chicago Sun-Times
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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
Discussion:
@davidharrisos, @brooklynmarie and @benmullin
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, @brettmmurphy, @cdelshad, @parrillaga, @janinezacharia, The Intercept, Media Nation, New York Post and The Wrap
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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, @zainabfattah and BuzzFeed News
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:
@baekdal, @penenberg, American Press Institute, Media Nation, Poynter, NPR and Fox News
Katie Robertson / New York Times:
Over 200 academics, journalists, and sports figures including UNC alumni sign a letter criticizing UNC's failure to give Nikole Hannah-Jones tenure — More than 200 writers and cultural figures signed a letter opposing the University of North Carolina's failure to give the Times Magazine correspondent tenure with her position there.
Discussion:
The Root, New Republic, @khalilgmuhammad, @thegrio, TheGrio and The Hill
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, @readdanwrite, Personanondata, @mathewi, @calebwatney, @matthew_barlowe, @ckrewson, @brettkollmann, @bryancurtis, @philipwegmann, @fergoe, @jamespmcleod, @hockeynuisance, @talkingnewmedia, @ckrewson, @loudmouthjulia, @austin_rief, @jaycodon, @elanazak, Nieman Lab, The Wrap, The Hill, Awful Announcing and bookforum.com
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
Discussion:
The Daily Beast, Variety, @luciaguimaraes, The Hill, @benmullin, @newspolitics, @dankennedy_nu, New York Post, TVNewser, Mediaite, Raw Story, Fox News and American Press Institute
Sarah Rappaport / Bloomberg:
How London theaters have adapted to lockdowns, quickly expanding streaming offerings; over 100,000 people in 90 countries paid up to $90 for an Old Vic show — - 3D cameras, interactive technology help to win over skeptics — Viewers in 69 countries pay up to $90 for Claire Foy Zoom show
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, TheGrio, @ftesseract, Cointelegraph, CoinDesk, Billboard, @breitwoman, Forbes, The A.V. Club, Music Business Worldwide and Engadget, more at Techmeme »
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:
Crain's New York Business, PR Newswire, Reuters and Yahoo Finance, more at Techmeme »
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
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