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, VICE, New York Times, Gizmodo, @benmullin, The Guardian, Reuters, Insider, @josephfcox, @tomgara, @fastcompany, Bankrupt Company News, @officialsauravd, @stefsimanowitz, @laurenshirsch, @jmweast, The Wrap, @jayrosen_nyu, AdExchanger, @daithaigilbert, @claireatki, @lorenzofb, @toluogunlesi, @by_nathanbrown, @alexisjreports, @jason_koebler, New York Magazine, @maxwelltani, @mrwillhayward, @thetowncrier, @paleofuture, @marktlive, CNBC, Beyond Search, New York Daily News, Wall Street Journal, CNN, BBC, Press Gazette, Variety, Financial Times, Insider, The Hollywood Reporter, 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
Discussion:
The Information, Press Gazette, B&T, @domdelport, @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, 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, @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 …
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Associated Press, Voice of America, The Guardian, Engadget, @bedatri, New York Post, The Register, New York Times, BleepingComputer, Raw Story, @farhip, @charliemagne, CNN, @elaijuh, Newser and Forbes
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, Media Voices, @maxwelltani, @jayrosen_nyu, @pkafka, @scottnover, @rmac18, @heathat, @thewrap, @swodinsky, @_cingraham, @jbenton, @pkafka, @chris_m_gavin, @moorehn, @jayrosen_nyu, @mschlapp, @jayrosen_nyu, @tomaxwell, @pkafka, @levinejonathan, @seangriffey, The Wrap, @karlbode, @mikeisaac, @danwakeford and @lmoses
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 …
Discussion:
Mediaite, @meidastouch, Forbes, @elisewho and @chrisplanteshow
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
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
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, Next TV, The Streamable, @anylaurie16, 9to5Google, @nickandmore, @felixindafuture 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, Axios, Engadget, The Verge, Insider, @lmoses, 9to5Google, @alexweprin, @tomwarren, Forbes, CNET, @richlightshed, @nicholasadeleon, Next TV, Gizmodo, TechCrunch, @karlbode, @jamestitcomb, Ars Technica, @parismarx, The Hill, @thetomzone, AdExchanger, AppleInsider, Beet.TV, Variety, The Streamable, Ad Age, The Hollywood Reporter, Deadline 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 Verge, Sports Media Watch, nflcommunications.com, Engadget, The Comeback, @jbflint, Media Play News, @506sports, Cord Cutters News, The Hollywood Reporter, @realglenmacnow, al.com, TVLine, Ad Age, The Streamable, New York Post, @barredindc, Awful Announcing, Deadline, Screen Rant, The Athletic and Associated Press
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, @thestalwart, @parismarx, @ieet and @imjasondiamond
Darrell Etherington / TechCrunch:
An interview with Kevin Systrom on Artifact's new writer features, serving writers as a key to the news app's growth, matching consumers with writers, and more — Artifact aims to unlock new, cross-platform audience relationships for people who write for a living
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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Sara Fischer / Axios:
EV company Luminar's CEO Austin Russell acquires an 82% stake in Forbes, a source says at an ~$800M valuation; sources: Sun Group, GSV, and others back the bid
Discussion:
@heyyavaryy, The Wrap, @sarafischer, @brackin, @niubi, @rmac18, @chronotope, @jyarow, @mayazi and @thekenyeung
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