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, VICE, Gizmodo, AdExchanger, The Guardian, @benmullin, Reuters, CNBC, Beyond Search, Insider, BBC, @josephfcox, @tomgara, Financial Times, @fastcompany, @marktlive, Bankrupt Company News, @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:
B&T, The Information, Press Gazette, @frankwords and PRWeek, more at Techmeme »
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, @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, @mariaramirezny, @taylorlorenz, @jimrutenberg, @jason_kint, @froomkin, @russelllowery10, @froomkin, @nytimespr, @cjr, @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, Voice of America, The Guardian, Engadget, @charliemagne, New York Post, The Register, Newser, New York Times, BleepingComputer, Raw Story, @elaijuh, @farhip, Forbes 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, The Wrap, @pkafka, @maxwelltani, @jayrosen_nyu, @pkafka, @scottnover, @rmac18, @lmoses, @heathat, @swodinsky, @_cingraham, @jbenton, @pkafka, @chris_m_gavin, @moorehn, @jayrosen_nyu, @mschlapp, @jayrosen_nyu, @tomaxwell, @pkafka, @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
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, The Verge, Forbes, The Streamable, Deadline, Insider, @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, The Hill, @thetomzone and Boing Boing, more at Techmeme »
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, Insider, @thestalwart and @parismarx
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:
Sports Media Watch, Ad Age, nflcommunications.com, The Verge, New York Post, The Comeback, @jbflint, Media Play News, @506sports, Cord Cutters News, The Hollywood Reporter, @realglenmacnow, al.com, TVLine, The Streamable, @barredindc, Awful Announcing, Deadline, Screen Rant, The Athletic and Associated Press
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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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”.
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, Music Business Worldwide and Digital Music News
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