Top News:
Dan Kennedy / Nieman Lab:
The Colorado Sun, a five-year-old for-profit digital news organization launched by former The Denver Post journalists, moves toward a nonprofit model — “Whether I agree with it or not, whether I even like it or not, the reality is that many individuals, many institutions and philanthropic groups …
Discussion:
The Colorado Sun, @laurahazardowen, @ckrewson and @sarahscire
Katie Robertson / New York Times:
NYC's pension funds sue Fox, accusing the company of neglecting its shareholder duties by opening itself up to defamation lawsuits tied to the 2020 US election — The funds accuse the Fox Corporation board of neglecting its responsibility to shareholders by leaving the company open to defamation lawsuits.
Discussion:
The Hill, CNN, @ivanthek, @taylorbuley and The Daily Beast
New York Times:
Ex-NFL Network reporter Jim Trotter sues the NFL for racial discrimination, alleging his contract wasn't renewed after he called out the NFL's lack of diversity — Jim Trotter said his contract with the NFL Network was not renewed after he challenged Commissioner Roger Goodell and other executives …
Sara Fischer / Axios:
The Economist plans to introduce Economist Podcasts+, a tier that in mid-October will offer exclusive access to all of the Economist's podcasts for $4.90/month — The Economist plans to introduce a new subscription tier this Thursday called Economist Podcasts+ for $4.90 monthly, the Economist president Bob Cohn told Axios.
Discussion:
Talking Biz News and @jackmarshall
Sapna Maheshwari / New York Times:
TikTok begins rolling out TikTok Shop to all US users, adding a button to the app's home screen that sends users to a marketplace, and already has 200K sellers — The company is beginning to introduce TikTok Shop to all of the app's users in the U.S., hoping to add a major new revenue stream.
Discussion:
The Guardian, CBS News, The Verge, @sino_market, TikTok, Gizmodo, The Messenger, @tiktokcomms, Ad Age, Reuters, TechCrunch and Insider Intelligence, more at Techmeme »
Financial Times:
How a decade-long effort to restructure loans extended to the Barclay family culminated in Lloyds Banking Group seizing control of the Telegraph newspaper group — How a decade-long effort to restructure loans extended to the reclusive businessmen's empire culminated in Lloyds Banking Group seizing control of a national newspaper
Tim Baysinger / Axios:
Endeavor combines the WWE with UFC to form TKO Group, and plans to keep the two separate in US rights deals but leverage them together for global rights deals — - Tim Baysinger, author of Axios Pro: Media Deals — Endeavor plans to keep UFC and WWE separate in U.S. rights deals …
Discussion:
Variety, Fast Company, Awful Announcing, The Ringer, Fox Business, Los Angeles Times, @sherman4949, @joepompliano, The Hollywood Reporter, CNBC, Deadline and The Messenger
Sara Fischer / Axios:
The Sporting News raised $15M led by Playtech, valuing the outlet in the “eight figures”; TSN was founded as a newspaper in 1886 and became digital-only in 2012 — The Sporting News, a digital sports news site, has raised $15 million in a growth round led by Playtech, a London-based …
Rachel Graf / The Information:
Sources describe Apollo's Yahoo turnaround efforts, including layoffs, asset sales, and new partnerships; Yahoo is on pace to generate $7B in 2023 gross revenue — When speaking about the company he inherited in September 2021, Jim Lanzone is remarkably blunt.
Discussion:
@rachelagraf, @natebecker, @natebecker, @semaforben, @jessicalessin and @jamesgillespiex
Georg Szalai / The Hollywood Reporter:
Nielsen's Gracenote unveils the FAST Program, designed to help content companies get their FAST channels and programming distributed by major streaming services — Unveiled at IBC in Amsterdam, it promises “better FAST content visibility, consumption and monetization.”
Discussion:
Media Play News and MediaPost
Jason Koebler / 404 Media:
As some supposedly “leaked” Harry Styles songs are being sold on Discord, fans and AI-analysis companies struggle to determine if the clips are AI-generated — Discord communities within the Harry Styles and One Direction fandom are tearing themselves apart over “leaked snippets” …
Discussion:
@josephfcox and @jason_koebler, more at Techmeme »
Hunter Walk:
Why there has never been a better time to be an online creator: it might be harder than ever to earn $1M per year, but it has never been easier to make $50K — I judge the health of the creator economy by one single controversial factor: ease of access and probability of survival for its participants.
Discussion:
Simon Owens's Media Newsletter, The Information, @obrien, @hunterwalk and @carnage4life@threads.net
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