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5:25 PM ET, June 3, 2022

Mediagazer

 Top News: 
Emily Langer / Washington Post:
Barry Sussman, the Washington Post editor who directly oversaw the Watergate investigation by reporters Bob Woodward and Carl Bernstein, has died at 87  —  Barry Sussman, the Washington Post editor who directly oversaw the Watergate investigation by reporters Bob Woodward and Carl Bernstein …
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 …
RELATED:
Insider:
Although the ACLU ghostwrote Amber Heard's op-ed and a Washington Post editor wrote the headline, the verdict underscores that the byline determines liability
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 …
Brooks Barnes / New York Times:
A look at Tosca Musk's Passionflix, a $6/month streaming service for 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.
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.
The Strategist:
China journalists at outlets including The Economist and the NYT have been subjected to a coordinated online campaign that seems to be run by the CCP  —  The Chinese Communist Party has a problem with women of Asian descent who have public platforms, opinions and expertise on China.
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 …
Mike Shields / Next in Marketing:
As CTV replaces linear, ad inventory is shrinking since streamers barely have breaks; Netflix's ad tier adds inventory and significant reach for advertisers  —  CTV has led some brands to ignore reality  —  Much of Hollywood has been relishing in Netflix's recent stumbles (maybe too much, as well chronicled in Recode's Peter Kafka).
Discussion: Ad Age and @pkafka
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  —  It's not just the music biz—legacy media outlets everywhere are playing the same dangerous game
 
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 More News: 
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
Bloomberg:
After helping scale Google's and Meta's personalized ad businesses, Sheryl Sandberg faces a legacy with blind spots on privacy, misinformation, and more
 Earlier Picks: 
Ashley Carman / Bloomberg:
Spotify's “white noise” podcasters are making thousands of dollars per month creating soothing sounds, a growing market that major networks have yet to explore
 

 
From Techmeme:

Mishaal Rahman / Android Authority:
Source: Google has canceled the development of a second-generation Pixel Tablet, planned for release in 2025, due to concerns that it wouldn't sell very well

Mark Gurman / Bloomberg:
Sources: Apple is testing a more conversational version of Siri, dubbed “LLM Siri”, with plans to release it in spring 2026 as part of iOS 19 and macOS 16

Hannah Lang / Reuters:
Sources: a16z, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which is expected to set up a bitcoin reserve

 
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