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8:20 AM ET, October 4, 2021

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 Top News: 
Ben Smith / New York Times:
How the charm of Ozy's chief, Carlos Watson, helped persuade investors into putting millions toward a media dream before conducting sufficient due diligence  —  The story behind the story is about the elite investors who plowed millions into a media dream without much due diligence, persuaded by the charm of Ozy's head, Carlos Watson.
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Ben Smith / New York Times:
Ozy Media says it is shutting down, after coming under scrutiny for its business practices in recent days  —  The digital media start-up had come under scrutiny for its business practices in recent days following articles in The Times.  — Read in app
Discussion: @hunterw, Media Voices, @shortformernie, @jayrosen_nyu, Look What You Made Me Do, So, What's the Big News ?, @karidotpeters, @moorehn, @hunterw, @pomeranian99, Gizmodo, @patrick_hruby, @om, @katie_robertson, CNBC, NPR, @danilic, @charukasturi, @charukasturi, @charukasturi, @charukasturi, @charukasturi, @charukasturi, @charukasturi, @charukasturi, @sharonwaxman, @sharonwaxman, @sharonwaxman, @sharonwaxman, @mmasnick, @clarajeffery, @rafat, @sharonwaxman, @danielpmalloy, Protocol, @jayrosen_nyu, @katie_robertson, @thekeenanwire, @maghielse, @byronyork, @nancyromm, @markyarm, @rachelmetz, @jeffjarvis, @kerrymflynn, @film_girl, @mikeorren, @petersterne, @jbenton, @petersterne, @alexweprin, @danprimack, @geedee215, @sarafischer, @edmundlee, @aaschapiro, @megan, @film_girl, @charlesarthur, @backlon, @timkawakami, @sarafischer, @harrymccracken, @bgrueskin, @glennf, @danprimack, @charlesarthur, @alexweprin, @ashleyfeinberg, @axios, @tweetermeyer, @sarafischer, @film_girl, @genepark, @megan, @ejacqui, @sharonwaxman, @danprimack, @jasonschreier, @marceelias, @jatayler, @daveweigel, @hayesbrown, @daveweigel, @juliacarriew, @sarafischer, @thedavidmurphy, @neontaster, @louoftheville, @jbillinson, @davidfolkenflik, @joshuatopolsky, @reckless, @mikeisaac, @nichcarlson, @benedictevans, @sree, @bigblackjacobin, @robtornoe, @wsteaks, @deray, @jbarro, @pamelacolloff, @neontaster, @timjhogan, @kromandavid, @danielnazer, @britnidwrites, @dougheye, @daveleeft, @mimms, @nycsouthpaw, @rebeccajarvis, @kairyssdal, @silviakillings, @jonathanvswan and Insider
David Folkenflik / NPR:
Ozy CEO Carlos Watson resigns as a corporate director of NPR, just before the board's governance committee meeting to weigh his future with NPR  —  Carlos Watson resigned as a corporate director of NPR on Friday after the spectacular public meltdown of the digital media company that he leads and co-founded.
Sara Fischer / Axios:
Sources: Ozy inflated its numbers by buying most of its social media following and viewership for some shows, then used the numbers in pitches to TV networks  —  The downfall of Ozy Media and its charismatic founder Carlos Watson will go down as one of the most sudden media collapses of all time.
Axios:
Axel Springer says it gave up its Ozy board seat after investing $300K in its Series C in 2019, but Ozy listed Axel's rep as a director in a July 2021 filing  —  Good people quit good jobs to join Ozy Media.  They believed in its mission, its leadership and its potential for wealth creation.
The Guardian:
ICIJ, The Guardian, BBC, Le Monde, and WaPo publish the Pandora papers, a trove of 11.9M files from companies used to set up offshore accounts by the wealthy  —  Millions of documents reveal offshore deals and assets of more than 100 billionaires, 30 world leaders and 300 public officials
Todd Spangler / Variety:
YouTube TV and NBCUniversal renew their carriage deal; YouTube TV's price will remain the same and Peacock Premium will not be bundled with the service  —  YouTube TV said the price of the internet-television package will remain the same.  In reaching the carriage renewal …
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Angela Watercutter / Wired:
The dustup between YouTube TV and NBCUniversal serves as a harbinger that bundling and contract disputes for streaming could be similar to cable TV disputes
Dan Froomkin / Press Watch:
NYT's Congressional coverage once again overhyped conflict among Democrats and reached subjective, unsupported conclusions  —  Sometimes, the political reporters at the New York Times really tip their hands.  —  Today is such a day.  —  The House Democratic leadership on Thursday blew …
Clark Merrefield / Nieman Lab:
Studies show the enduring influence of local TV news, still among the most trusted ways US residents get news, and examine tech's impact and Sinclair's growth  —  There is no shortage of surveys indicating many Americans don't trust the news media.  The U.S. registers the lowest levels …
Angela Fu / Poynter:
Several current and former Gannett journalists share stories about unpaid overtime, after NewsGuild said it was investigating Gannett's workplace culture  —  The NewsGuild is investigating the issue and asking all Gannett employees to fill out a survey reporting unpaid work
Amitha Kalaichandran / Poynter:
How editors can better assess the credibility of experts and raise standards for op-eds, as contrarian viewpoints on COVID-19 flood opinion sections  —  An influx of contrarian viewpoints on COVID-19 policy in mainstream opinion journalism could have dire consequences on how the pandemic plays out.
Brian Welk / The Wrap:
Hollywood Foreign Press Association appoints Todd Boehly, co-founder and CEO of investment firm Eldridge Industries, as interim CEO  —  The Hollywood Foreign Press Association (HFPA) has named hedge fund billionaire Todd Boehly as its interim CEO.  —  Boehly, the founder and CEO …
Discussion: @sharonwaxman
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 More News: 
Brandon Katz / Observer:
A look at Apple's TV+ progress and strategy as it navigates a crowded streaming video market
Kim Cross / Nieman Storyboard:
Q&A with The Atlantic's Ed Yong on interviewing sources that range from top scientists to the hands-on nurse in a hospital during the pandemic
Josef Adalian / Vulture:
South Korean show Squid Game, topping Netflix charts in 90 countries, vindicates Netflix's strategy of creating franchises using content from around the world
 Earlier Picks: 
Charlotte Tobitt / Press Gazette:
Hearst UK reports a pre-tax loss of £13.4M in 2020 due to COVID-19, has laid off up to a fifth of its staff in 2021, and shut down Town & Country UK
Sara Fischer / Axios:
Substack is launching paid month-long stints for “writers in residence”, putting a spotlight on a new Substack user as they build their newsletter
Keith Zhai / Wall Street Journal:
Chinese citizen journalist Chen Qiushi, whose videos showed Wuhan at the outset of the COVID outbreak, reappears more than 600 days after going missing
Joyce Lee / Reuters:
South Korean ISP sues Netflix over costs for traffic surge from hit shows, after a court said Netflix should “reasonably” pay ISPs for network usage