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3:05 PM ET, June 17, 2021

Mediagazer

 Top News: 
Katharine Q. Seelye / New York Times:
Janet Malcolm, author and New Yorker staff writer, has died of lung cancer  —  Her subjects ranged widely, but she took special aim at journalism itself, writing that every journalist “knows that what he does is morally indefensible.”  —  Janet Malcolm, a longtime writer for The New Yorker …
Chris Roush / Talking Biz News:
Memo: WSJ will shutter its Greater New York section in print and digital and launch a Life & Work section and Speed & Trending desk  —  Wall Street Journal editor in chief Matt Murray sent out the following on Thursday:
Samantha Grasso / Discourse Blog:
BuzzFeed's Summer Writers' Challenge, which pays $10,000 for posts with 4M+ page views, sets the bar so high that most writers will still be working for free  —  For every prize-winning post, countless other writers will work for free and never get a cent.  —  BuzzFeed has done nothing to me personally (that I know of).
Zen Soo / Associated Press:
Hong Kong police arrested Apple Daily EIC Ryan Law and four other execs under the national security law on Thursday, and officers searched the outlet's offices  —  Hong Kong police on Thursday morning arrested the chief editor and four other senior executives of the pro-democracy Apple Daily newspaper under …
Michael M. Grynbaum / New York Times:
MSNBC employees to form a union representing ~315 workers, including producers, bookers, writers, fact checkers, represented by Writers Guild of America, East  —  Employees at MSNBC, the 24-hour cable news channel with a slate of prominent liberal anchors, said on Thursday that they planned …
Alexandra Bruell / Wall Street Journal:
Eight companies, including Comcast, Charter, Altice, and Dish, have created Go Addressable, a consortium to simplify and scale the fragmented TV ad market  —  Comcast, Charter Communications and Vizio, among others, have created a consortium to identify ways to simplify and scale an increasingly complex TV ad business
Discussion: MediaPost and Ad Age
Lucinda Southern / Adweek:
Katie Robertson / New York Times:
The New Yorker Union reaches a deal with Condé Nast, averting a strike and giving many workers raises of 10%+; the deal also covers Ars Technica and Pitchfork  —  Condé Nast, the venerable magazine's parent company, agreed to a minimum salary of $60,000 by April 2023, the union said.
Ryan Barwick / Morning Brew:
Study: 48% of ad traffic on “fake” news sites is served by Google and 32% on “low credibility sites” like Breitbart, Drudge Report, and Sputnik News  —  It's about a third for"low credibility" sites. … Fake news is a problem.  Yet the sites that publish …
Liza Lin / Wall Street Journal:
Leaked memo: ByteDance says its annual revenue in 2020 grew 111% YoY to $34.3B, while gross profit rose 93% YoY to $19B  —  ByteDance's gross profit rose 93% to $19 billion last year, according to a memo to staff  —  SINGAPORE—ByteDance Ltd., the owner of popular short-video app TikTok …
Hanaa' Tameez / Nieman Lab:
INN survey: nearly two-thirds of nonprofit news outlets saw more giving via foundations and individuals in 2020; the number of small contributions rose ~50% YoY  —  Despite the chaos and uncertainty of 2020, it was a year of journalistic and financial growth for the nonprofit news industry …
Agence France-Presse:
US journalist and Frontier Myanmar editor Danny Fenster appeared in a special court on charges of spreading “fake news”, facing up to 3 years in prison  —  A US journalist detained in Myanmar since May appeared in a special court Thursday, his employers said …
Discussion: Channel NewsAsia
 
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 More News: 
Sarah Perez / TechCrunch:
Instagram launches ads in Reels worldwide; the ads can be up to 30 seconds and vertical in format
Ben Sisario / New York Times:
Twitch, where even niche artists can make thousands of dollars per month by cultivating fan tribes, is becoming increasingly attractive to musicians
New York Times:
DOJ closes an investigation into whether a book by former national security adviser John Bolton disclosed classified info; Trump's DOJ opened the probe in 2020
Alex Weprin / Hollywood Reporter:
CNN announces Vault by CNN, a collection of NFTs it will sell of key historical events from its archives, and says the service will launch in late June
 Earlier Picks: 
Ken Meyer / Mediaite:
Biden apologizes for snapping at CNN reporter Kaitlan Collins at his news conference in Geneva when she asked why he's confident Putin's behavior would change
Zoe Kleinman / BBC:
The Irish Council for Civil Liberties is suing a branch of the IAB and others over real-time bidding, calling the data shared “the world's largest data breach”
Ashley Carman / The Verge:
In an email to creators, Facebook says it will launch its podcast platform on June 22; podcasters can link up RSS feeds and decide if users can clip shows
Sarah Perez / TechCrunch:
Spotify launches Greenroom, an app that lets Spotify users worldwide join or host live audio rooms and turn those conversations into podcasts
Jasper Jolly / The Guardian:
GB News, which launched in the UK with a mission to produce “anti-woke” US-style news content, faces an advertiser backlash as Ikea and Nivea pull their ads
 

 
From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

Bob Van Voris / Bloomberg:
US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions

 
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