Top News:
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, Nieman Lab, @sarafischer, New York Times, Axios, @sarafischer, @brianstelter, @mccarthyryanj, MediaPost, Axios, CNN, @alexweprin, MarketWatch, Los Angeles Times, Defector, @sarafischer, @jason_kint, @film_girl, Poynter, @jbarro, @craigsilverman, @mathewi, @noahshachtman, @andrewpauljoyce, @maxwelltani, @_cingraham, @brianstelter, @chrislhayes, @kaidiekmann, @jeremymbarr, @neontaster, The Hollywood Reporter, @benyt, @brianstelter, @joefav, @brianstelter, @sarafischer, @digitalshields, @sarafischer, @chronotope, @kerrymflynn, @marisakabas, @bmorrissey, @digitalshields, @sarafischer, @craigsilverman, @sarafischer, @jayrosen_nyu, @nycjim, Ad Age, @sherman4949, @phkeane, @alexweprin, @juddlegum, @danprimack, @sherman4949, @alexweprin, @alexyoung, @squawkcnbc, @tomgara, @goldietaylor, @cnbc, @millie, @sarafischer, @brianstelter, TODAY.com, Associated Press, Substack, Quartz, Vanity Fair, The Wrap, TVNewser, bookforum.com, The Daily Beast, Variety and Insider
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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:
New York Times, New York Magazine, @katie_robertson, @benyt, @danprimack, Axios, The Daily Beast, @danprimack, @pomeranian99, Bloomberg, @benyt, Poynter and Variety
Eugene S. Robinson / Look What You Made Me Do:
Ozy's former editor-at-large recalls Carlos Watson's abusive management style and says there was a white Ozy and a Black Ozy, where employees were treated worse — “And in regards to your little music thing...” It was both a dressing down, very possibly Dressing Down #37, and a pep talk.
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:
Columbia Journalism Review, @craigsilverman, @justinjm1, Mediaite, @craigsilverman, @byjoelanderson, @youngsinick, TODAY.com, The Wrap, @heerjeet, @benyt, @benyt, @talkopan, @ketanj0, @craigsilverman, @lyssaslounge, @rameeztase, @trungtphan, @jamesrbuk, @nkulw, The Commercial Experience, insideradio.com, Today in Tabs, @sarafischer, @benyt, @rolandsmartin, American Press Institute, @craigsilverman, @craigsilverman, New York Magazine, @reckless, @mattwelch, YouTube, @jduffyrice, @jdesmondharris, @chrisecrowley, @jeremymbarr, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, Newser, @craigsilverman, @craigsilverman, @craigsilverman, @jodyavirgan, @geedee215, @amlwhere, @gentlemanstimes, @lpolgreen, @daveweigel, @jeremymbarr, @felixsalmon, @jessicalessin, @donlday, @akbarth3great, @jswatz, @annehelen, @jswatz, @bendwalsh, @escarry, @sharonwaxman, @aymanm, @oliverdarcy, @sonnybunch, @davepell, @ccadelago, @vivian, @benyt, Boing Boing, Media Voices, Axios and @craigsilverman
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, bookforum.com, @nicolesjchung, @benjysarlin, @vermontgmg, @johnghendy and @likaluca
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:
@_claireconnelly, @olgakhazan, @scottbrodbeck, @saksappeal, @saahil_desai, Boing Boing, @jeremylittau, @jameslfredrick and @choire
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:
@dangillmor, @mattsheffield and @joshuahol
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:
Adweek, The Verge and 9to5Mac, more at Techmeme »
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 …
Discussion:
South China Morning Post, Wall Street Journal and @reaproy, more at Techmeme »
Daniel Lippman / Politico:
Seven foreign journalists fired from USAGM during former CEO Michael Pack's term sue the agency for breach of contract and wrongful termination — Seven foreign journalists working for the U.S. Agency for Global Media who were fired by the Trump administration have sued the agency for breach of contract and wrongful termination.
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
Jessica Toonkel / The Information:
Sources: The Athletic lost around $100M between 2019 and 2020, exceeding its $73M in revenue over the same period — Digital sports news firm The Athletic hemorrhaged nearly $100 million cash between 2019 and 2020, according to a presentation prepared for investors, exceeding the $73 million …
Discussion:
@mathewi, The Verge, @adamzagoria, @pilhofer, @duncansmithnba, @tomfgoodwin, @fos, @fpmarconi, @arashmassoudi, @fightoracle, @keitholbermann, @meredithshiner, @vicareynolds, @bubbaprog, @jason_koebler, @lawrencedonegan, @tomlyonsbiz, @mlombardinfl, Front Office Sports, @amir, @amir, @sizpatel and @jessicalessin
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:
@lucas_shaw, @business and @lucas_shaw
Todd Spangler / Variety:
Disney says Hulu president Kelly Campbell has left after less than two years in the role — Campbell's departure was announced to staff by Rebecca Campbell, Disney's chairman of international operations and direct-to-consumer. Kelly Campbell's direct reports at Hulu will report to Rebecca Campbell …
Discussion:
@mattbelloni, MediaPost, @mattbelloni, C21Media, @laceyvrose, @benmullin, @jbflint, @masasoncap, @mattbelloni, @richlightshed, Deadline, nexttv.com, Hollywood Reporter and Adweek
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