Top News:
Jacob Kastrenakes / The Verge:
Facebook unveils Bulletin, its Substack competitor, with recruited writers including Malcolm Gladwell and Erin Andrews, won't take a revenue cut “at launch” — Facebook won't take a cut ‘at launch’ — Facebook is getting into the subscription newsletter game.
Discussion:
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Oliver Darcy / CNN:
After Fox's Tucker Carlson claimed the NSA was monitoring his communications and trying to take his show off the air, the NSA denied the allegations on Tuesday — New York (CNN Business)Fox News host Tucker Carlson made an explosive claim on his show Monday night: That he had learned through …
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Thom Geier / The Wrap:
Source: NY Post media reporter and columnist Keith Kelly is planning to retire on July 23 after more than two decades at the tabloid — Keith Kelly, the widely read and much-feared media reporter and columnist for the New York Post, is planning to retire on July 23 after more than two decades …
Discussion:
Talking Biz News, @rachel_elson, @talkingbiznews, @bristei, @bristei, @bristei and @bristei
Lloyd Grove / The Daily Beast:
Fox News agrees to pay a $1M fine for “a pattern of violating the NYC Human Rights Law”; Fox also must remove secret arbitration clauses from hiring contracts — Fox News effectively admitted to a pattern of misconduct and has agreed to pay a civil penalty in New York.
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Axios:
Analysis: after Trump left office, monthly traffic to outlets has declined across the ideological spectrum, from -43.8% for far-right to -27.3% for far-left — In the months since former President Donald Trump left office, media companies' readership numbers are plunging …
Discussion:
@sarafischer, @clarajeffery, @markfollman, @jason_kint, @michelleinbklyn, @timodc, @wexler, @whcos, @mindyfinn, @clarajeffery, @clarajeffery, Mediaite, @drvolts, @alex_panetta, @clarajeffery, @ishaantharoor, @andykroll, @clarajeffery, @newsguardrating, @newsguardrating, @noahshachtman, @clarajeffery, @jenmercieca, @joshsternberg, @mulvihill79, @newsguardrating and @lisatozzi
Lucas Shaw / Bloomberg:
Amazon buys exclusive rights to celeb interview podcast SmartLess, hosted by Will Arnett, Jason Bateman, and Sean Hayes; sources say the deal is worth $60-80M — - Company will air new episodes before they appear elsewhere — Podcast features Will Arnett, Jason Bateman and Sean Hayes
Discussion:
@thomas_m_wilson, @skyepillsbury, Simon Owens's Media Newsletter, @alshipley, @jamiebgolden, @davechensky, @susanlitv, @wonderymedia, @henereyg, @simonowens, @mattbelloni, @evoterra, @gabrielurbinatm, UPI, @pkafka, @tseides, @lisafleisher, @mgsiegler, The Wrap, Deadline and Hollywood Reporter
Kat Stafford / Associated Press:
25 members of Congress signed a letter urging the FCC to examine how policies and programs have disparately harmed Black Americans and communities of color — Congressional leaders and a media advocacy group are urging the Federal Communications Commission to examine how policy decisions …
Discussion:
@w7voa, @replawrence, Free Press, @media2070, @blackamazon, TV Technology, @diamond5280, @jamaalbowmanny, @notaaroncraig and @brandingbrandi
Pew Research Center:
Pew State of the News Media 2020: daily newspaper circulation was down 6% from 2019, newsroom staff fell 12%, ad revenue fell 29% for public newspaper companies — Newspapers are a critical part of the American news landscape, but they have been hit hard as more and more Americans consume news digitally.
Bhavya Dore / Global Investigative Journalism Network:
Despite the Indian government's hostility to critical coverage, local reporters have found ways to report out the true toll of COVID-19's second wave — Through April and May, government figures of COVID-19 deaths and infections were suspiciously low from the populous Indian state of Gujarat, north of Mumbai.
Discussion:
@doremai, @sauravk1890, @gijn and @bhavyadore
Tiffany Hsu / New York Times:
Outbrain files for an IPO aiming to raise over $100M, says it had $767M in revenue last year, $4.4M in net income, and funnels ads to 7,000+ websites like CNN — Outbrain, one of the top purveyors of clickbait ads, filed on Tuesday to raise at least $100 million through an initial public offering …
Taylor Lorenz / New York Times:
Nelk Boys, the YouTube stars known for pranks and parties, don't rely on ads; instead, Nelk says they sold $50M in merchandise in 2020 and expect $70M in 2021 — Known for their pranks, parties and crude humor, the YouTubers are used to getting in trouble. But for them, the backlash is the brand.
Discussion:
@taylorlorenz, @joshuajcohen, @hshaban, @codybrown, @nelkboys, @taylorlorenz, @liahaberman and @taylorlorenz, more at Techmeme »
Catie Keck / The Verge:
Senator Warren asks the FTC for a “broad and meticulous review” of Amazon's MGM acquisition, citing Amazon's anticompetitive history and growing monopoly power — Warren argues the deal could hurt consumers — Senator Elizabeth Warren is calling on the Federal Trade Commission …
Discussion:
@robhof, more at Techmeme »
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