Top News:
Gaspard Sebag / Bloomberg:
France fines Google $593M for failing to comply with a 2020 order to negotiate in good faith with publishers for displaying article snippets in Google News — - Tech giant penalized for not agreeing deal with publishers — Fine is the second biggest French antitrust penalty so far
Discussion:
BBC, Axios, Plagiarism Today, CNBC, TechCrunch, New York Times, The Wrap, Reuters, Press Gazette, Wall Street Journal, @agenttinsley, Associated Press, Beyond Search, New York Post, AppleInsider, Insider, @wallaceme, @dangillmor, @benedictevans, @jeffjarvis and @filloux, more at Techmeme »
Alexandra Bruell / Wall Street Journal:
Mediaocean, known for its ad-agency billing technology, buys adtech company Flashtalking for $500M as, sources say, it prepares for an IPO next year — Flashtalking, known for its ad server, is the latest in a string of Mediaocean acquisitions aimed at enhancing its digital ad technology
Discussion:
AdExchanger, Adweek, MediaPost, Mediaocean, @flashtalking, Beet.TV, @billwise and @joshsternberg
Alex Sherman / CNBC:
A look at the different approaches that NYT, FT, WSJ, Bloomberg, USA Today, and Vox Media are taking to decide how employees will come back to the office — - News organizations have generally navigated pandemic life successfully as employees have figured out how to do their jobs remotely.
Discussion:
@guildatbig and bookforum.com
Dylan Byers / NBC News:
Sources: in an employee meeting, Atlantic CEO said the magazine lost $20M+ in 2020, was on track to lose $10M this year, and would turn a small profit in 2023 — Nicholas Thompson, the chief executive of The Atlantic, gave a presentation to employees last month in which he disclosed …
Discussion:
@dylanbyers and @dylanbyers
Lesley Goldberg / Hollywood Reporter:
Sources: Netflix is turning to live events, like the Bridgerton Ball in London, video games, and merchandising to complement subscriber revenue and engage fans — Sources say the streaming giant wants to work directly with creators on live events that will, in success, provide new revenue streams as subscriber growth slows.
Sara Fischer / Axios:
NYT union wants a $65K salary floor, reporter control and compensation for work turned into projects like films, and, per source, Juneteenth as a holiday — The New York Times is facing several critical labor battles, all coming to a head this summer. — Why it matters: The Times serves …
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Chris Quinn / Plain Dealer:
Editor of Cleveland's The Plain Dealer says its decision to ignore false statements and stunts by politicians is working well, with readers responding favorably — I wrote four months ago about our approach to covering political candidates who make false, irresponsible and potentially dangerous statements …
Discussion:
@jayrosen_nyu, @asunderland, @shirishmm, @jackshafer, @kimzetter, @nikkiusher, @timdunlop and @rafat
Sara Fischer / Axios:
Insider names Barbara Peng as president; since 2017, Peng has been president of its research arm Insider Intelligence, which the CEO says is a $60M+ business — The company today has more than 500 journalists globally.
Kelly McLaughlin / Insider:
AP photojournalist Ramon Espinosa was assaulted by police while covering protests in Havana — - AP photographer Ramon Espinosa was left bloodied after an altercation with police during protests in Cuba. — Photos show him surrounded by a group of people, and later with blood dripping down his face.
Discussion:
Associated Press, Babalú Blog and The Hill
New York Times:
A look at Facebook's long-term struggles with courting creators, as it falls behind YouTube, TikTok, and other rivals — The social network is aiming to be a destination for creators and their viral memes. But TikTok and YouTube got there first. — SAN FRANCISCO — Over the past 18 months …
Discussion:
@yalestewart, @robpegoraro, @brandon_bird, @qianna_smith, @genepark, @nishachittal, @andykluthe, @dherman76, @notlaneydelaney, @maddoxrules, @mikeisaac, Fortt Knox and Ad Age
Ivan Levingston / Bloomberg:
Impact Tech, which connects brands with publishers and influencers, raises $150M at a $1.5B valuation, after a boost from Apple's ad tracking restrictions — - New $150 million fundraising led by Qatar Investment Authority — Marketing company aims to list shares next year: CEO
Discussion:
Impact, more at Techmeme »
K.J. Yossman / Variety:
British streaming service BritBox names Diederick Santer as its new international chief creative officer, overseeing non-UK programming — Streaming platform BritBox International has hired former Kudos chief Diederick Santer as its new international chief creative officer.
Brandon Katz / Observer:
Pros and cons of streaming vs. theatrical releases: hit movies in theaters have more per-picture profitability, but streaming has recurring revenue and reach — In Greek mythology, Hecate was the goddess of intuition who possessed three-way perspective that allowed her to bridge the gaps between past, present and future.
Discussion:
@great_katzby, @ants000 and @jimvejvoda
RELATED:
Jeremy Fuster / The Wrap:
Disney says Marvel's Black Widow has earned $60M+ on opening weekend via its Premier Access program, which lets Disney+ subscribers rent the movie for $30
Discussion:
The Hollywood Reporter, Forbes, Observer, Garbage Day, New York Daily News, New York Times, Variety, @cwarzel, @loudmouthjulia, MediaPost, Variety, Fast Company, @tomperriello, Adweek, @williammatt22, @littlelostsunny, @variety, @cctakato, @pandemona, @morganicink, @patrick_spence, @wfederman, @stevendeknight, @shannontindle_1, @awallenstein, @wallstcynic, @ballmatthew, @richlightshed, @pkafka, @mikedeestro, @variety and @filq2001
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