Top News:
Rahat Sandhu / Reuters:
Vice files for bankruptcy and agrees to sell its assets to lenders, including Fortress and Soros Fund, for ~$225M; assets and liabilities are $500M to $1B — Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale …
Discussion:
VICE Media Group, Axios, Bloomberg, NPR, The Desk, New York Magazine, New York Times, Gizmodo, The Wrap, MediaPost, Press Gazette, The Guardian, @benmullin, Associated Press, Fast Company, @jmweast, @lorenzofb, @alexisjreports, @toluogunlesi, @by_nathanbrown, Reuters, CNBC, Beyond Search, BBC, @tomgara, Financial Times, @fastcompany, @marktlive, Bankrupt Company News, VICE, @officialsauravd, The Information, @paleofuture, @stefsimanowitz, Press Gazette, Variety, The Hollywood Reporter, @laurenshirsch, @jayrosen_nyu, CNN, @daithaigilbert, @mrwillhayward, Wall Street Journal, @claireatki, @thetowncrier, Insider, @jason_koebler, Broadband TV News, @maxwelltani, New York Daily News, WORLD SCREEN and Boing Boing
Charlotte Tobitt / Press Gazette:
Jimmy Finkelstein launches digital news outlet The Messenger, which reportedly aims to generate $100M in revenue in 2023 and hire around 550 journalists — The Messenger aims to make $100m in revenue next year with up to 550 journalists. — Jimmy Finkelstein's digital news start …
Discussion:
The Messenger, @pkafka, @pkafka, @mikeisaac, @moorehn, @jayrosen_nyu, @rmac18, @maxwelltani, @jayrosen_nyu, @scottnover, @pkafka, @lmoses, @heathat, @pkafka, @_cingraham, @jbenton, @chris_m_gavin, @jayrosen_nyu, @mschlapp, @tomaxwell, @levinejonathan, @seangriffey, @karlbode, @danwakeford and Insider
Jonathan Lai / The Philadelphia Inquirer:
The Philadelphia Inquirer is hit by a cyberattack, affecting weekend operations and causing the largest disruption since 1996; restoration timelines are unclear — The Philadelphia Inquirer and outside cybersecurity experts continued Sunday to scramble to restore systems …
Discussion:
Voice of America, CNN, Associated Press, Engadget, The Guardian, New York Post, Forbes, @charliemagne, Newser, @elaijuh, @farhip and MediaPost
A.G. Sulzberger / Columbia Journalism Review:
The NYT's publisher discusses the importance of journalistic independence and objectivity, which he says can be achieved only by being prepared to upset people — The debate around “objectivity”—if that's even the right word, anymore—has become among the most contested in journalism.
Discussion:
New York Times, @jennbinis, @alexanderrusso, @rickberke, @mollybeck, @froomkin, @froomkin, @froomkin, @benmullin, @kziwica, @nytmike, @felixsalmon, @motokorich, @jagora, @brianmrosenthal, @jeffkeay, @lpolgreen, @froomkin, @rochelleriley, @mckenziecnn, @mariaramirezny, @jason_kint, @froomkin, @russelllowery10, @froomkin, @nytimespr and The New York Times Company
Connie Wang / New York Times:
How TV news anchor Connie Chung on CBS and NBC inspired the first names of many girls among Asian families in the 1980s and 1990s, and how some met in person — It was on my first day of college at the University of California, Berkeley, when I started to realize there were more of us out there.
Discussion:
@nytimes, @jimpethokoukis, @pjmooney, @sturgeons_law, @nytopinion and @kurtbardella
Jared Newman / Fast Company:
Pluto TV co-founder Ilya Pozin's Telly opens a waitlist to give away 500,000 55-inch 4K HDR TVs in 2023 with a second screen that constantly shows ads — Would you take a free TV if it constantly ran banner ads beneath everything you watched? — That's the proposition for Telly …
Discussion:
Axios, Telly, CNET, Next TV, TechCrunch, Engadget, @alexweprin, @richlightshed, The Verge, Gizmodo, AdExchanger, AppleInsider, The Streamable, Deadline, @lmoses, Variety, Ad Age, @tomwarren, The Hollywood Reporter, Beet.TV and Cord Cutters News, more at Techmeme »
Alex Weprin / The Hollywood Reporter:
A chaotic year has upended media companies' upfront presentations to woo advertisers, amid top executive departures, the writers' strike, cord cutting, and more — From May 15-18, expect Disney, NBCUniversal and Warner Bros. Discovery execs to work overtime selling their wares to ad buyers during a downturn and a major work stoppage.
Discussion:
Variety, Semafor, Next TV, @lmoses, @mlcalderone, @hayskali, @natjarv, IndieWire, @bristei, @sherman4949, Bloomberg, @benmullin, @alexweprin, @alexweprin, Insider and Vanity Fair
Sara Fischer / Axios:
Sources: non-US investors may substantially pay for Forbes' takeover; Austin Russell committed $100M-$200M and is in talks to have Sun Group invest $200M-$300M — Forbes agreed to sell itself in a deal that makes it look like the iconic magazine brand is staying in American hands.
Discussion:
@sarafischer, TechCrunch, @charlesarthur, Press Gazette, @tomaxwell, @aexm, @sarafischer, @rafat, @rafat, @rafat and Talking Biz News
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Todd Spangler / Variety:
Report: in Q1, users of US pay TV services fell 7% YoY to 75.5M, with household penetration at 58.5%, the lowest level since 1992; only YouTube TV grew in Q1 — As streaming video continues its ascendancy, cable, satellite and internet TV providers in the U.S. turned in their worst subscriber losses …
Discussion:
MediaPost, Next TV, The Streamable, 9to5Google, @anylaurie16, @nickandmore, @felixindafuture and Cord Cutters News, more at Techmeme »
Rory Carroll / The Guardian:
The Irish Times apologizes after running an opinion piece on May 11 about women's use of fake tan that was submitted by a hoaxer who created the article with AI — The piece ran on 11 May and accused people who use fake tan of mocking those with naturally dark skin
Discussion:
Insider, The Irish Times, Gizmodo, @fromarsetoelbow, @mediocredave, @groomb, @atticumfloreat, @conor64, @caoimhinof, @egavactip, @henkvaness, The Daily Beast and The Independent
Lucas Shaw / Bloomberg:
Antenna: ~25% of US subscribers to Netflix, Disney+, and HBO Max in February opted for ads; ~58% of US subscribers pay for at least one ad-supported service — Good afternoon from New York. We're entering week three of the Hollywood writers strike and there's been no progress.
Discussion:
Forbes, The Streamable, Variety, Engadget, The Verge, @lucas_shaw, @lucas_shaw, CNBC, @bristoliand, @tiagodf, @rwhelanwsj and @lucas_shaw
Malcolm Harris / Wired:
A profile of Douglas Rushkoff, an internet theorist and a former techno-optimist who says his life's work is examining how power travels across media landscapes — The former techno-optimist has taken a decisive political left turn. He says it's the only human option.
Discussion:
@imjasondiamond, @ieet, @thestalwart and @parismarx
Lucas Manfredi / The Wrap:
Linda Yaccarino is stepping down as NBCUniversal's chairman of global advertising and partnerships, set to be replaced in the interim by Mark Marshall — The executive will be succeeded in the interim by advertising sales and client partnerships president Mark Marshall
Discussion:
Deadline, CBS News, Reuters, @pkafka, NBCUNIVERSAL MEDIA, @kerrymflynn, @sherman4949, @jeffreyatucker, @jbflint, @thewrap, @thephilosotroll, Variety, Axios and Reuters
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Lillian Rizzo / CNBC:
Elon Musk names ex-NBCUniversal ad chief Linda Yaccarino as Twitter's CEO, to focus on business operations; Musk will focus on “product design & new technology”
Discussion:
Semafor, @lindayacc, The Wrap, Insider, @elonmusk, The Guardian, @lindayacc, AdExchanger, @ichotiner, The Register, @maxwelltani, @jbenton, AppleInsider, CBS News, New York Times, Fortune, The Hill, Deadline, The Week, Digital Journal, Bloomberg, @goldman, @stevedeaceshow, KOIN-TV, Wired, KDFX-TV, @stillgray, Associated Press, Variety, @drloupis, @stevedeaceshow, @caulfieldtim, @thevivafrei, @brendonleslie, @brittanyventi, @legendaryenergy, @sapna, @fortunemagazine, @edmundlee, @dankennedy_nu, WWD, TechCrunch, Media Matters for America, Advocate, The National Pulse, Mediaite, Financial Times, The Information, @elonmusk, Washington Post, MediaPost, Wall Street Journal, The Philadelphia Inquirer and Variety
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