Top News:
New York Times:
Ozy investor LifeLine sues the outlet, claiming it failed to disclose pertinent information in February, prior to LifeLine's $2M+ investment — A fund manager that invested more than $2 million in Ozy Media filed a lawsuit on Monday, claiming that the company “engaged in fraudulent, deceptive and illegal conduct.”
Discussion:
Insider, New York Times, The Wrap, @katie_robertson, @jacq_thomsen, @jpmanga, @patrickcoffee, New York Magazine, Deadline, @benyt, Axios, @pomeranian99, Bloomberg, @benyt, @danprimack, @danprimack, The Daily Beast, Poynter and Variety
RELATED:
Jessica Bursztynsky / CNBC:
Carlos Watson says Ozy Media is not shutting down after having “good conversations” with investors and advertisers and Friday's announcement was “premature” — - Ozy Media isn't shutting down, CEO and co-founder Carlos Watson told CNBC on Monday.
Discussion:
@todayshow, @benyt, @sarafischer, Nieman Lab, New York Times, Axios, @digidave, @sarafischer, @brianstelter, @mccarthyryanj, MarketWatch, @alexweprin, Poynter, Los Angeles Times, MediaPost, @jason_kint, Axios, @craigsilverman, @film_girl, @jbarro, @noahshachtman, @sarafischer, CNN, @mathewi, @andrewpauljoyce, @maxwelltani, @_cingraham, @brianstelter, @chrislhayes, @kaidiekmann, @jeremymbarr, @neontaster, @benyt, @brianstelter, Defector, @joefav, @brianstelter, @sarafischer, @digitalshields, @sarafischer, @chronotope, @kerrymflynn, @marisakabas, @bmorrissey, @digitalshields, @craigsilverman, @sarafischer, @sarafischer, @jayrosen_nyu, @nycjim, @sherman4949, @phkeane, @alexweprin, @juddlegum, @danprimack, @sherman4949, @alexweprin, @alexyoung, @squawkcnbc, @tomgara, @goldietaylor, @cnbc, @millie, @sarafischer, @brianstelter, The Hollywood Reporter, Ad Age, Associated Press, Substack, Quartz, Vanity Fair, The Wrap, TVNewser, bookforum.com, The Daily Beast, Variety and Insider
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
Discussion:
New York Times, Columbia Journalism Review, @craigsilverman, @justinjm1, Mediaite, @craigsilverman, @byjoelanderson, @youngsinick, @heerjeet, The Wrap, @benyt, @talkopan, @ketanj0, @benyt, @lyssaslounge, @rameeztase, @trungtphan, @craigsilverman, @jamesrbuk, @nkulw, TODAY.com, The Commercial Experience, insideradio.com, Today in Tabs, @benyt, @rolandsmartin, @craigsilverman, @craigsilverman, @reckless, @mattwelch, @jduffyrice, @jdesmondharris, @chrisecrowley, @jeremymbarr, @craigsilverman, American Press Institute, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, New York Magazine, @jodyavirgan, @geedee215, @amlwhere, YouTube, @gentlemanstimes, @lpolgreen, @daveweigel, @jeremymbarr, @felixsalmon, @jessicalessin, @donlday, @akbarth3great, @jswatz, @annehelen, @jswatz, @bendwalsh, @escarry, @sharonwaxman, @aymanm, @oliverdarcy, @sonnybunch, @davepell, @ccadelago, @vivian, @benyt, Newser, Boing Boing, @craigsilverman, @sarafischer and Media Voices
Chaim Gartenberg / The Verge:
Twitter is shutting down Scroll in about 30 days, will roll the ad-free subscription web service into its Twitter Blue subscription as Ad-Free Articles — Scroll won't be available as an independent service anymore — Scroll's ad-free subscription web service is shutting down as an independent entity in …
Justin Baragona / The Daily Beast:
In a deposition, Rudy Giuliani says OANN reporter Christina Bobb, who also volunteered for the Trump legal team, had to run any stories she had by the campaign — The ex-New York City mayor said in a deposition that Christina Bobb, who volunteered for the Trump legal team after the election, had to run her stories by the campaign.
Discussion:
Mediaite, @dangillmor, @mattsheffield and @joshuahol
Defector:
In annual report, Defector says 80%+ of subscribers are on annual plans, of which ~85% renewed subscriptions, and advertising on Twitter was “very unpleasant” — Purpose of this report — Annual reports are usually created to provide insight into a company's business operations …
Discussion:
@novy_williams, @_claireconnelly, @olgakhazan, @scottbrodbeck, @saksappeal, @saahil_desai, Boing Boing, @jeremylittau, @jameslfredrick and @choire
Elizabeth A. Harris / New York Times:
The disruption of global supply chains has reached the publishing industry, causing shipping delays and printer backups, exacerbated by worker shortages — Shipping delays, printer backups and worker shortages are forcing publishers to postpone new titles and leaving booksellers in a lurch for some old ones.
Discussion:
@petersgoodman, @studiojjk, @vermontgmg, @benjysarlin, @nicolesjchung, @johnghendy, @likaluca and bookforum.com
Sarah Perez / TechCrunch:
Instagram ditches the IGTV brand and combines IGTV's long-form videos and Instagram Feed videos into a new Instagram Video format; Reels is unaffected — Instagram head Adam Mosseri recently said was “no longer a photo-sharing app,” noting the company was prioritizing a shift …
Discussion:
CNET, Adweek, @mgsiegler, The Verge and 9to5Mac, more at Techmeme »
Kristen Hare / Poynter:
News Revenue Hub, with Google News Initiative support, will release News Revenue Engine as open source software in 2022, with Stripe and Mailchimp integrations — News Revenue Hub and Google News Initiative will release News Revenue Engine early next year — The newsroom part of building …
Discussion:
MediaPost, The Keyword and News Revenue Hub
Michael Karam / Report for the World:
Report for the World launches in Brazil and partners with two more newsrooms in India and Nigeria, bringing the total corps size to 15 journalists — BOSTON — Report for the World announced today that it has more than doubled the size of its program, less than a year since launching in February …
Discussion:
@report4theworld and @report4theworld
Rachel Pannett / Washington Post:
Singapore's parliament passes a law that will compel ISPs and social media platforms to block content and applications used to spread content it deems hostile — Singapore's parliament has passed a law aimed at countering foreign interference that is potentially so powerful rights groups …
Adam Johnson / The Column:
Major networks' coverage of the reconciliation bill has focused on the “showdown” between progressives and moderates, rather than on the bill's contents — The public is left with vague reporting about a “$3.5 trillion” “price tag” that should be “slimmed down,” …
Discussion:
New York Daily News, @adamjohnsonnyc, @spencerdcole, Media Matters for America and Mediaite
Lucas Shaw / Bloomberg:
Q&A with Endeavor chairman Patrick Whitesell on the transition to streaming, HBO Max's success, which services pay the most, and more — If there's one thing Patrick Whitesell knows how to do, it's cut a deal. — Whitesell, the executive chairman of Endeavor, represents …
Discussion:
@business, @lucas_shaw and @lucas_shaw
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