Top News:
Rahat Sandhu / Reuters:
Vice files for bankruptcy and agrees to sell its assets to some 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 …
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VICE Media Group, VICE, TechCrunch, Bloomberg, Gizmodo, New York Times, @benmullin, Washington Post, The Guardian, Insider, @josephfcox, @tomgara, @fastcompany, @jmweast, @jayrosen_nyu, AdExchanger, @lorenzofb, @toluogunlesi, @by_nathanbrown, @alexisjreports, @jason_koebler, @maxwelltani, @daithaigilbert, @claireatki, @laurenshirsch, New York Magazine, @stefsimanowitz, @officialsauravd, Bankrupt Company News, @mrwillhayward, @thetowncrier, @paleofuture, @marktlive, The Wrap, Reuters, Beyond Search, CNBC, New York Daily News, BBC, Just The News, Wall Street Journal, CNN, Press Gazette, Variety, Financial Times, Insider, The Hollywood Reporter and Boing Boing
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Sara Fischer / Axios:
A history of Vice Media, which raised $1.6B+, was valued at $5.7B at its peak in 2017, and owns a slew of assets, including Refinery29, Virtue, and Vice Studios
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The Information, B&T, @domdelport, @frankwords, PRWeek and Press Gazette
A.G. Sulzberger / Columbia Journalism Review:
The New York Times' publisher examines the value of journalistic independence and objectivity, which he says are only achieved 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, NPR, @kziwica, @nytmike, @froomkin, @nickkristof, @taylorlorenz, @nickconfessore, @felixsalmon, @motokorich, @froomkin, @froomkin, @rickberke, @jagora, @brianmrosenthal, @taylorlorenz, @jeffkeay, @jennbinis, @jeffjarvis, @lpolgreen, @froomkin, @alexanderrusso, @rochelleriley, @mckenziecnn, @owillis, @mollybeck, @benmullin, @michaelpsenger, @mariaramirezny, @taylorlorenz, @jimrutenberg, @froomkin, @russelllowery10, @froomkin, @nytimespr, @cjr, @blakersdozen, @froomkin, @jason_kint and The New York Times Company
Jonathan Lai / The Philadelphia Inquirer:
A cyberattack over the weekend stopped the print edition of The Philadelphia Inquirer in the largest disruption since 1996; restoration timelines are unclear — The Philadelphia Inquirer and outside cybersecurity experts continued Sunday to scramble to restore systems after an apparent …
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Associated Press, New York Times, @bedatri, The Register, BleepingComputer, Raw Story, Voice of America, Engadget, @farhip, New York Post, The Guardian, CNN, @charliemagne, @elaijuh, Newser and Forbes
Ross A. Lincoln / The Wrap:
Nielsen: CNN averaged 335K viewers during Friday's primetime, two days after Trump's town hall, behind Newsmax's 357K, MSNBC's 1.1M, and Fox News' 1.4M viewers — CNN pulled on average 335,000 viewers — 18,000 less than Newsmax — CNN might have earned itself a rare primetime ratings win …
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Mediaite, @meidastouch, Forbes, @elisewho and @chrisplanteshow
Wall Street Journal:
The NFL strikes a deal, sources say worth ~$110M, to have Peacock carry a playoff game next season, the first time a postseason game would stream exclusively — Deal marks first time an NFL playoff game will mostly be available on a streaming service — The National Football League …
Discussion:
Next TV, The Wrap, Awful Announcing, MediaPost, The Verge, Sports Media Watch, nflcommunications.com, The Comeback, @jbflint, Media Play News, @506sports, Engadget, Cord Cutters News, The Hollywood Reporter, @realglenmacnow, TVLine, Ad Age, The Streamable, New York Post, al.com, @barredindc, Deadline, Screen Rant, The Athletic and Associated Press
Charlotte Tobitt / Press Gazette:
Jimmy Finkelstein debuts his free-to-read digital news outlet The Messenger, which reportedly aims to generate $100M+ in 2024 revenue and hire ~550 journalists — The Messenger aims to make $100m in revenue next year with up to 550 journalists. — Jimmy Finkelstein's digital news start …
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The Messenger, @pkafka, The Wrap, @maxwelltani, @jayrosen_nyu, @pkafka, Poynter, @scottnover, @rmac18, @heathat, @thewrap, @swodinsky, @_cingraham, @pkafka, @chris_m_gavin, @moorehn, Media Voices, @jayrosen_nyu, @mschlapp, @jayrosen_nyu, @tomaxwell, @pkafka, @levinejonathan, @seangriffey, @karlbode, @mikeisaac, @danwakeford, @jbenton and @lmoses
William Turvill / Press Gazette:
The Guardian EIC Katharine Viner says the outlet's investigative team has grown “about four times” since 2015 and plans to launch a US investigations team soon — Katharine Viner said The Guardian's is “a really inspiring model for investigative journalism”.
Discussion:
@pressgazette
Rory Carroll / The Guardian:
The Irish Times apologizes for running an opinion piece on May 11 about women's use of fake tan that was submitted by a hoaxer who created the article using AI — The piece ran on 11 May and accused people who use fake tan of mocking those with naturally dark skin
Discussion:
The Register, Insider, @fromarsetoelbow, @mediocredave, @groomb, @philipoconnor, @egavactip, @conor64, @atticumfloreat, Gizmodo, The Irish Times, @henkvaness, @caoimhinof and The Daily Beast
Tatiana Siegel / Variety:
Sources: a handful of Fox anchors have reached out to Tucker Carlson, expressing interest in joining his Twitter venture once their contracts are up — On April 26, Carlson spoke by phone with one of Fox Corp.'s eight board members, who told the host that his recent benching was a condition …
Todd Spangler / Variety:
MoffettNathanson: US pay TV users fell 7% YoY to 75.5M in Q1 2023, 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:
Ars Technica, MediaPost, The Verge, @felixindafuture, @anylaurie16, @nickandmore, Next TV, 9to5Google, The Streamable and Cord Cutters News, more at Techmeme »
Jared Newman / Fast Company:
Pluto TV co-founder Ilya Pozin's Telly opens a waitlist to give away 500K 55-inch 4K HDR TVs, which have a second screen for constantly showing ads, in 2023 — Would you take a free TV if it constantly ran banner ads beneath everything you watched? — That's the proposition for Telly …
Discussion:
Telly, Digiday, Axios, Engadget, Insider, The Verge, @lmoses, 9to5Google, @alexweprin, @tomwarren, Forbes, @richlightshed, @nicholasadeleon, @karlbode, @jamestitcomb, Ars Technica, @parismarx, @thetomzone, The Hill, CNET, Next TV, TechCrunch, Gizmodo, AdExchanger, AppleInsider, Beet.TV, Variety, The Streamable, Ad Age, The Hollywood Reporter, Deadline and Boing Boing, more at Techmeme »
BBC:
In a money laundering case, UK judges rule the BBC could reveal the identity of Tory donor Javad Marandi, a press freedom milestone as privacy laws tighten — A top businessman whose foreign companies were part of a global money laundering investigation is a major donor to the Conservative Party.
Discussion:
Bloomberg, London Evening Standard, @bondhack and Press Gazette
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