Top News:
Sara Fischer / Axios:
Substack invites its newsletter writers and others to invest, raising $5M+; source: the raise is an extension of Substack's $65M Series B in March 2021 — Substack, the newsletter platform, will open up a community fundraising round on Tuesday, allowing writers on the platform to invest in the company.
Discussion:
On Substack, The Verge, @rafat, @dceiver, @elongreen, @caseynewton, @cjgbest, @dinfontay, @misha_saul, @parkermolloy, @parkermolloy, @sarthakgh, @baileyelaine, @hamishmckenzie, @iiiitsandrea, @emilyrnunn, @ejeancarroll, @nmasc_, @anthony, @niubi, The Information, @jessicalessin, @binarybits, @substackinc, @sarafischer, @ryansingel@writing.exchange, TechCrunch, Bloomberg and Platformer
Max Goldbart / Deadline:
The UK releases its draft Media Bill that could see Netflix, Disney+, and other US streamers fined up to £250K for breaking harmful material rules under Ofcom — The UK government has published its long-awaited draft Media Bill to bring the U.S. streamers under its regulatory framework …
Discussion:
Financial Times, @deepbagchee, @sanjayjha, @perezhilton, Variety, Reuters, Broadband TV News and GOV.UK, more at Techmeme »
RELATED:
Jim Waterson / The Guardian:
UK leaders plan to kill a law forcing news outlets to pay court costs of those who sue them, as part of a bill that may also add streaming service regulation — Government to roll back section 40 legislation, recommended by Leveson, as part of media bill — Ministers will push ahead …
Discussion:
@sebastianepayne, @brokenbottleboy, @davidleighx and Hacked Off
Aisha Malik / TechCrunch:
Google plans to add a “Perspectives” carousel, showcasing journalists and others under Top Stories, and an “About this author” feature for US English searches — Google is introducing new ways for users to verify information on Search, the company announced on Tuesday.
Discussion:
The Keyword, Telangana Today, @killedbygoogle, Search Engine Land and The Verge, more at Techmeme »
Aidan McLaughlin / Mediaite:
Sources detail tensions between Tucker Carlson and Suzanne Scott and say Carlson is unaccountable to leadership and operates in his own fiefdom at the network — As Fox News finds itself beset by an internal crisis fueled by Dominion's $1.6 billion defamation suit, long-simmering tensions …
Discussion:
CNN, @juliewestfall, @joeofthenorth, @oliverdarcy, @aidnmclaughlin, @sulliview and The Wrap
Reuters:
A report claims Amazon is considering acquiring theater chain AMC Entertainment Holdings, whose stock initially jumped 18% and closed up 13.19% on March 28 — Shares of AMC Entertainment Holdings Inc (AMC.N) jumped more than 18% on Tuesday, set for their biggest gain in a month …
Discussion:
The Intersect, Fast Company, @royprice, The Wrap, Media Play News, Forbes, Insider and Bloomberg
Joe Flint / Wall Street Journal:
The NFL and RedBird Capital create EverPass Media to stream NFL games and eventually other events to commercial establishments, starting with the 2023-24 season — Sunday Ticket was previously the remit of DirecTV, and YouTube recently acquired residential rights for popular subscription package
Aamna Mohdin / The Guardian:
The Guardian owner Scott Trust apologizes for the role the newspaper's founders played in the slave trade and announces expanded reporting on Black communities — Scott Trust to invest in decade-long programme of restorative justice after academic research into newspaper's origins
Discussion:
The Guardian, The Guardian, Poynter, The Guardian, Eventbrite, El País, @damian_from, @labourlewis, @lauratrevelyan, @margaretsimons, @dougf24, @udadisi, @corinne_fowler, Sydney Morning Herald, @rwilliams1947, @iamdavidmiller, @vivian, @vivian, @jeffjarvis, @loisbeckett, @brianstelter, @kathviner, @jayrosen_nyu, @pippacrerar, @peterwalker99, @bonn1egreer, @jamesrbuk, @slaverymuseum, @jeffjarvis, @lanre_bakare, @juliacarriew and @aamnamohdin
@nytimesguild:
[Thread] Comparing compensation increases for The New York Times' CEO and other top executives to salaries for NewsGuild members, who are seeking a new contract — The @nytimes recently disclosed the latest compensation packages for our top executives. Among the highlights: Our C.E.O., @meredith_levien, was paid $7.6 million in 2022, up from $4.4 million in 2020. That's a 73% increase.
Discussion:
@rvoronacote, @greenhousenyt, @mariemyungoklee, @moorehn, @erinbiba, @nytimesguild, @nytimesguild, @karenkho, @monicabyrne13, @nifmuhammad, @jlpolito, @girlpowertbh, @vahn16, @kaytiburt, @alexlaughs, @alexlaughs, @danahoule, @nytimesguild, @allylovespono, @nytimesguild, @nytimesguild, @jimlaporta, @dennismhogan, @blackamazon and @gaywonk
Ryan Barwick / Marketing Brew:
Google rolls out Ads Transparency Center, letting users search all ads on the platform within 30 days of them running — Users will be able to search all ads on the platform within 30 days of them running. … Get out your library cards and pay those late fees: Google is playing librarian.
Discussion:
AdExchanger, Bloomberg, TechCrunch, @ryanbarwick, Washington Post, Reuters, Gizmodo, @killedbygoogle, @jason_kint, @jason_kint, The Keyword, Search Engine Land and Ad Age
Jeff Stone / Bloomberg:
Mandiant: suspected North Korean hackers are posing as NYT and VoA staff to collect strategic intelligence from officials in the US and South Korea — Suspected North Korean hackers are posing as journalists and trying to gather intelligence about international officials' approach …
Discussion:
@jeffstone500, Insider, CoinDesk and Wired, more at Techmeme »
Jem Aswad / Variety:
Email: Warner Music Group CEO says it will eliminate 270 positions, or around 4% of the company's global staff, as it makes “hard choices in order to evolve” — Warner Music Group will eliminate 270 positions as part of a wider evolution of the company, new CEO Robert Kyncl announced …
Discussion:
The Wrap, Billboard, The Hollywood Reporter and Music Business Worldwide
Sara Fischer / Axios:
Gannett CEO Mike Reed says the company's top ~100 dailies bring in ~90% of its newspaper business revenue so they are “probably where most of our focus will be” — - CEO Mike Reed said on last month's earnings call that the company “would entertain bids on any of our markets.”
Discussion:
@terrencemcd, @jbenton, @appodlachia, @dicktofel, @russbengtson and @sarafischer
RELATED:
James Rainey / Los Angeles Times:
A look at the decline of Gannett's The Salinas Californian, whose only original content comes from paid obituaries after its last reporter quit in December 2022
Discussion:
American Press Institute, @kateconger, @bymorganmatzen, @kaileybroussard, @jeongpark52, @k_cimini, @commoncause, @emily_hoeven, @nancyrockland, @richardwarnica, @tromcmanus, @penamerica, @rana_cash, @tatecurtis, @ohioaj, @byianjames, @latsondheimer, @tarantulaarms, @calitruecrime, @_ishanidesai, @avisholkoff, @frannydink, @charlesornstein, @danielmorain, @gsanroman2, @marybschneider, @raineytime, @peterbakernyt and @margotroosevelt
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