Mediagazer: 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 (Katie Robertson/New York Times)

Gannett is hiring a full-time Taylor Swift Reporter to cover Swift's fanbase and her effect on pop culture as she embarks on the next stage of her Eras Tour — The chance to report on Taylor Swift full-time just debuted. — Millions of Americans encounter the immovable force that is Taylor Swift …

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, @localmediarocks, @sarahscire, @laurahazardowen and @ckrewson

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 Desk, The Wrap, Mediaite, doj.state.or.us, Associated Press, Deadline, The Hill, CNN, @taylorbuley, @ivanthek 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 …

Oliver Darcy / CNN:

Source: The White House plans to send a letter to US news executives, including CNN and The NYT, urging them to “ramp up” their scrutiny of House Republicans — The White House plans to send a letter to top US news executives on Wednesday, urging them to intensify their scrutiny …

Discussion: The Messenger, Politico and Breitbart

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: @jackmarshall and Talking Biz News

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, @sino_market, Gizmodo, The Messenger, @tiktokcomms, Ad Age, Reuters, CBS News, The Verge, TikTok, TechCrunch and Insider Intelligence, more at Techmeme »

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, Fox Business, Fast Company, Los Angeles Times, @sherman4949, @joepompliano, Awful Announcing, CNBC, Deadline, The Hollywood Reporter, The Ringer 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 …

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

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