Top News:
Emma Roth / The Verge:
Post.News, the news-focused social platform launched in 2022 that offered micropayments to publishers, is shutting down after failing to grow “fast enough” — Post News, a Twitter alternative that emerged in the wake of Elon Musk's takeover, is shutting down.
Discussion:
TechCrunch, @crumbler@threads.net, @J12t@social.coop, @lessin, @bluesky, @josh@josh.tel, Media Nation, @polotek@social.polotek.net, @cardamomaddict@mstdn.ca, @stop@threads.net, @Hey_Beth@sfba.social, @SteveThompson@mastodon.social, @hellodavidryan@threads.net, @NevadaWolf@birds.town and @timothyjchambers@threads.net, more at Techmeme »
Michael Msika / Bloomberg:
PE firm Blackstone offers ~$1.5B to purchase Hipgnosis, about 7% higher than the bid made earlier this week by Concord to which Hipgnosis' board had agreed — - Competition heats up for Blondie, Kaiser Chiefs catalog owner — Hipgnosis already recommended Apollo-backed Concord's offer
Discussion:
Digital Music News, Variety, Financial Times, Music Business Worldwide, Billboard and Reuters
Ruth La Ferla / New York Times:
Graydon Carter opens a physical store called Air Mail Newsstand in NYC, as an extension of his digital newsletter Air Mail, selling books, magazines, and more — Shoe horns, lampshades and CBD-infused elixirs are among the goods Graydon Carter is selling at a new newsstand-style shop in New York.
Discussion:
@nbj914, Harrison Vail on LinkedIn and Showbiz411
Clara Aberneithie / Press Gazette:
A look at The Cool Down, a climate-focused news outlet that makes $5M in programmatic advertising per year and aims to increase it to $12M per year in 2025 — The Cool Down is the fastest-growing top 50 news website in the US. — A US news website taking a positive approach to coverage …
Discussion:
Reuters Institute
Charlotte Klein / Vanity Fair:
The Trump campaign has denied press credentials for several reporters, often after tough questions or articles; in 2016, it denied them for entire news outlets — Reporters from The Washington Post, Axios, and Vanity Fair have recently been rejected, though blanket bans, à la 2016, don't appear to be happening.
Discussion:
@civex, @mlcalderone and @curtishouck
Stephanie Kaloi / The Wrap:
New York passes a first-of-its-kind employment tax credit plan to support independent news outlets in the state, offering $30M in yearly credits for three years — The plan aims to support independent news organizations with three years of funding — The New York state Legislature passed …
Discussion:
The NewsGuild, Editor and Publisher, @stevenwaldman, Rebuild Local News and @stevenwaldman
Todd Spangler / Variety:
Filing: Warner Bros. Discovery CEO David Zaslav's 2023 compensation package was worth $49.7M, up 26.5% from the year prior, with $23.1M in stock awards — David Zaslav, president and CEO of Warner Bros. Discovery, had a 2023 pay package worth $49.7 million, up 26.5% from the year prior …
Discussion:
U.S. Securities and Exchange Commission, Wall Street Journal, Theo Francis on LinkedIn, @pezmico@mastodon.nz, @buccocapital, Joe Flint on LinkedIn, Dan Price on LinkedIn, @brucebartlett, @dylanbyers, @lucas_shaw, @youdoingtoomuch, The Daily Beast, The Information, Gizmodo, Bloomberg, Hollywood Reporter, The Desk, Next TV, Reuters, The Wrap, IndieWire, @2xaught7.bsky.social, Deadline and New York Times
New York Times:
How TikTok has influenced US culture and shaped Hollywood, news, music, shopping, political campaigns, national security, and more — Has there ever been an app more American seeming than TikTok, with its messy democratic creativity, exhibitionism, utter lack of limits and vast variety of hustlers?
Discussion:
Wall Street Journal, @jordynjournals, @thedragonfeeder, @actionhero, @rutgerscomminfo, @nytimes, @dealbook, @sapna, @nytimes, @abedian_amiri, @jordynjournals, @nunez_anna, CNN, Washington Post, The Hill, Wired, The Wrap, The Information, The Daily Beast, New York Post, NBC News, New York Daily News, IGN, AppleInsider, The Register, Music Business Worldwide, Digital Journal, CBS News, CNBC, Forbes, Tubefilter and Reuters, more at Techmeme »
Andrew Beaujon / Washingtonian:
Interviews with over a dozen current and former WAMU staffers and contractors show management's contradictory, unclear messaging about its closure of DCist — The star-crossed marriage of Washington's NPR member station and a feisty digital news publication came to an abrupt end in February.
Todd Spangler / Variety:
A consultant sues Chicken Soup for the Soul Entertainment, alleging he is owed “several million dollars” for work he did for the company's $370M Redbox deal — A media consultant sued Chicken Soup for the Soul Entertainment, alleging he is owed “at least several million dollars” …
Lola Fadulu / New York Times:
Nicholas Welker, leader of a white supremacist group who admitted to posting a death threat against a Brooklyn journalist, is sentenced to 44 months in prison — Nicholas Welker admitted posting the death threat, which was meant to to silence coverage of the extremist group he led, prosecutors said.
Discussion:
New York Daily News, @pressfreedom, @egavactip, Brooklyn Eagle and US Department of Justice
Charlie Smart / New York Times:
A look at the media diets of jurors and alternates in Trump's trial, based on a questionnaire; 13 of 18 get news from The NYT, 5 from Google, and 2 from TikTok — Prosecutors and defense lawyers tried to divine the political leanings of prospective jurors in the former president's Manhattan criminal trial …
Discussion:
@tomgara, New Yorker, NPR, @jackhealynyt, @awzurcher, @jbenton, The Hill, The Daily Beast, Metro.co.uk and Slate