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9:10 AM ET, March 29, 2023

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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.
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
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  —  When brown water overflowed the banks of the Salinas River in January, flooding thousands of acres and throwing an untold number …
RELATED:
Charlotte Klein / Vanity Fair:
A profile of Kara Swisher where she explains why she left The New York Times, the importance of editorial control and owning your IP, writing a memoir, and more  —  The ultimate media insider is juggling podcasts, writing a memoir, and texting with “half the planet.”  ("She has a coffee before bed," says Ben Smith.)
Omari Daniels / Washington Post:
An appeals court restores Serial podcast subject Adnan Syed's murder conviction, after a lower court didn't give proper hearing notice to the victim's brother  —  A Maryland appellate court panel on Tuesday reinstated the murder conviction of “Serial” podcast subject Adnan Syed …
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.
@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.
 
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 More News: 
Elias Leight / Billboard:
A Billboard charts analysis: it's a bit harder to get a top 40 hit than 20 years ago, but artists that do have similar odds of building a catalog of big tracks
 Earlier Picks: 
Alex Sherman / CNBC:
Digital media companies like BuzzFeed, Vice, and Vox, which focused on consolidation to counter Google and Meta, abandon rollups to focus on differentiation
Sewell Chan / The Texas Tribune:
The Texas Observer editors raise $200K+ in emergency funding through a GoFundMe drive and urge its board to reconsider its decision to shut down the magazine
Wall Street Journal:
Sources: Disney closes its metaverse unit, cutting ~50 jobs, and cancels an Amazon Prime-like program integrating Disney+, online retail, and theme park apps
The Daily Beast:
New York Times managing editors Carolyn Ryan and Marc Lacey held “tongue-lashing” meetings and wrote warnings to ~20 staff who blasted the NYT's trans coverage
The Verge:
Elon Musk says only verified accounts will be recommended in Twitter's For You tab and be able to vote in polls to address “AI bot swarms”, starting on April 15