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9:55 PM ET, June 4, 2022

Mediagazer

 Top News: 
Sara Fischer / Axios:
In a memo, Chris Licht says CNN added a “Breaking News” guideline to its stylebook to address the banner's overuse: “its impact has become lost on the audience”  —  CNN's new boss Chris Licht says that beginning today, CNN has added a “Breaking News” guideline to its stylebook …
Taylor Lorenz / Washington Post:
Creators who focused on the Johnny Depp vs. Amber Heard trial made thousands of dollars through platform incentives, influencing public opinion in the process  —  Influencers discovered there's money and clout to be made in covering breaking news  —  When the verdict came …
Emily Langer / Washington Post:
Barry Sussman, the Washington Post editor who directly oversaw the Watergate investigation by reporters Bob Woodward and Carl Bernstein, dies at 87  —  Barry Sussman, the Washington Post editor who directly oversaw the Watergate investigation by reporters Bob Woodward and Carl Bernstein …
Ashley Carman / Bloomberg:
Clubhouse eliminated “a handful of roles” as part of a broader restructuring; leaving staff include the heads of news partnerships, community, and international  —  Clubhouse, the social audio app that became a big hit during the early days of the pandemic, laid off multiple employees this week …
Reuters:
Russia's foreign ministry summons the heads of US media outlets in Moscow to notify them of tough measures in response to US restrictions against Russian media  —  Russia's Foreign Ministry said it was summoning the heads of U.S. media outlets in Moscow to a meeting this Monday to notify …
Discussion: @og_frc and New York Times
Andrew Albanese / Publishers Weekly:
Library groups, booksellers, and others warn that a Virginia Congressional candidate's effort to get two books declared obscene threatens the freedom to read  —  Library groups this week joined with booksellers, publishers, and public advocacy groups in sounding the alarm over a lawsuit …
James Risen / The Intercept:
A look back at a failed FBI plan to ambush a source for reporter James Risen in 2014, as the source claimed to have documents about massive spying by the NSA  —  FBI agent Grayden Ridd had a confidential message for his informant.  An FBI team had been given the green light by the Justice Department …
Sara Fischer / Axios:
Latino Media Network, founded by Jess Morales Rocketto and Stephanie Valencia, raises $80M and acquires 18 radio stations from TelevisaUnivision for $60M  —  Latina activists and entrepreneurs Jess Morales Rocketto and Stephanie Valencia have raised $80 million to launch a new Hispanic media company called the Latino Media Network.
John Maher / Publishers Weekly:
NY passes the Freelance Isn't Free Act to ensure freelancers get contracts for their work, are paid in a timely manner, and have support to recoup unpaid wages  —  After being introduced as a bill back in February by Democratic New York state senator Andrew Gounardes and assembly member Harry Bronson …
Discussion: @gamalhennessy
The Strategist:
A coordinated campaign aligned with the CCP's narratives is targeting women journalists covering China at outlets including The Economist and The New York Times  —  The Chinese Communist Party has a problem with women of Asian descent who have public platforms, opinions and expertise on China.
Brooks Barnes / New York Times:
A look at Tosca Musk's Passionflix, a $6/month streaming service for movie and series adaptations of romance novels and erotic fan fiction with ~$22M in funding  —  Tosca Musk, Elon's younger sister, is the force behind Passionflix, a streaming service dedicated to adaptations of romance novels and erotic fan fiction.
 
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 More News: 
William Turvill / Press Gazette:
Colin McKay, Google's head of government relations in Canada, wrote to every MP and senator, saying the pending Online News Act could “break” its search engine
Ted Gioia / The Honest Broker:
By making artists market themselves through viral TikTok content, record labels are showing how little value they add and essentially digging their own graves
 Earlier Picks: 
Natalia Viana / Nieman Lab:
A look at Brazil's debate over legislation that may force Google and Meta to pay for news, and how deals like Google News Showcase exclude media startups
David Roeder / Chicago Sun Times:
The Chicago Sun-Times names Jennifer Kho as executive editor, the first woman and person of color to lead its newsroom; interim EIC Steve Warmbir is leaving
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November

Bloomberg:
Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
 
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