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 …
Discussion:
VICE Media Group, Bloomberg, TechCrunch, New York Times, Gizmodo, Insider, The Guardian, @benmullin, Reuters, CNBC, Beyond Search, BBC, @josephfcox, @tomgara, Financial Times, @fastcompany, @marktlive, Bankrupt Company News, VICE, @officialsauravd, @paleofuture, @stefsimanowitz, Press Gazette, Variety, The Hollywood Reporter, @laurenshirsch, @jmweast, The Wrap, @jayrosen_nyu, CNN, @daithaigilbert, @mrwillhayward, Wall Street Journal, @claireatki, @thetowncrier, @lorenzofb, @toluogunlesi, Insider, @by_nathanbrown, @alexisjreports, @jason_koebler, New York Magazine, @maxwelltani, New York Daily News, Just The News 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 — Vice Media Group filed for Chapter 11 bankruptcy early Monday morning, marking the end of a long, strenuous effort to sell itself after its business stopped growing.
Discussion:
PRWeek, Press Gazette and @frankwords
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, @nickkristof, @cjr, @kziwica, @nytmike, @froomkin, @taylorlorenz, @nickconfessore, @felixsalmon, @motokorich, @froomkin, @froomkin, @rickberke, @jagora, @brianmrosenthal, @taylorlorenz, @jeffkeay, @jennbinis, @jeffjarvis, @lpolgreen, @froomkin, @alexanderrusso, @rochelleriley, @mckenziecnn, @owillis, @mollybeck, @benmullin, @mariaramirezny, @taylorlorenz, @jimrutenberg, @jason_kint, @froomkin, @russelllowery10, @froomkin, @nytimespr, @blakersdozen, @froomkin 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 …
Discussion:
Associated Press, New York Times, BleepingComputer, The Register, Voice of America, The Guardian, Engadget, Forbes, @charliemagne, New York Post, Newser, Raw Story, @elaijuh, @farhip and CNN
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 …
Discussion:
The Messenger, @pkafka, @maxwelltani, @swodinsky, @scottnover, @rmac18, @lmoses, @heathat, @pkafka, @_cingraham, @jbenton, @pkafka, @chris_m_gavin, @moorehn, @jayrosen_nyu, @mschlapp, @jayrosen_nyu, @tomaxwell, @pkafka, @jayrosen_nyu, @levinejonathan, @seangriffey, @karlbode, @mikeisaac, @danwakeford and Insider
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:
@longreads, @nytimes, @jimpethokoukis, @pjmooney, @sturgeons_law, @nytopinion and @kurtbardella
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:
Insider, The Irish Times, @fromarsetoelbow, @mediocredave, @groomb, @atticumfloreat, @philipoconnor, @conor64, @caoimhinof, @egavactip, Gizmodo, @henkvaness, The Daily Beast and The Independent
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:
Insider, @imjasondiamond, @ieet, @thestalwart and @parismarx
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, Axios, Engadget, Insider, The Verge, The Hill, The Streamable, Deadline, @lmoses, 9to5Google, Variety, @alexweprin, Ad Age, @tomwarren, AppleInsider, CNET, @richlightshed, AdExchanger, @nicholasadeleon, The Hollywood Reporter, Beet.TV, Next TV, Gizmodo, TechCrunch, @karlbode, @jamestitcomb, Ars Technica, @parismarx, @thetomzone and Boing Boing, more at Techmeme »
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:
The Streamable, Screen Rant, Awful Announcing, New York Post, nflcommunications.com, Cord Cutters News, al.com, Deadline, The Comeback, The Hollywood Reporter, TVLine, Sports Media Watch, @realglenmacnow, @barredindc, Media Play News, @jbflint, @506sports, Associated Press and The Athletic
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, @charlesarthur, Press Gazette, TechCrunch, @tomaxwell, @aexm, @sarafischer, @rafat, @rafat, @rafat and Talking Biz News
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Kelly McBride / Poynter:
Q&A with The Washington Post's Robert Samuels and Toluse Olorunnipa, whose His Name Is George Floyd won the 2023 Pulitzer Prize for general non-fiction book — Robert Samuels and Toluse Olorunnipa discuss writing the richly detailed book about George Floyd's life that won the Pulitzer Prize
Discussion:
@poynter, @kellymcb, @poynter and @roypeterclark
David Salazar / Fast Company:
South Korean music company Hybe, behind BTS, Justin Bieber, and Ariana Grande, uses voice AI to launch its latest artist Midnatt in six languages simultaneously — When Hybe, the entertainment juggernaut behind the K-pop group BTS, announces a new artist, the music world takes note.
Discussion:
Music Ally, @lizzyfaith and Music Business Worldwide
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