Top News:
Alex Rogers / Financial Times:
Letter: Vivek Ramaswamy calls for BuzzFeed to axe staff, focus on video, and hire new voices, like Tucker Carlson, after raising his stake in BuzzFeed to 8.3% — Former US Republican presidential candidate urges media group to hire from ‘across the political spectrum’
Discussion:
Poynter, @edmundlee, Vivek Ramaswamy, @mattzeitlin, @tomgara, @pkafka, @mattgertz, @chrisgeidner, @willystaley, @kenbensinger, @jamesrbuk, @benmullin, @briannachesser, @rafat, City A.M., The Guardian, Axios, The Wrap, The Information, @james.tartarus.org, Bloomberg, Fox Business and The Hollywood Reporter
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Benjamin Mullin / New York Times:
Jonah Peretti, who owns a special class of BuzzFeed stock with an effective veto, rejects some of Vivek Ramaswamy's requests, calling them “misunderstandings” — The former G.O.P. presidential candidate, who has invested in BuzzFeed, believes the company needs to pivot.
Discussion:
CNN, The Verge, Business Insider, New York Post, The Hill, The Information, Variety and Deadline
Reuters Institute:
A survey in six countries shows 32% of respondents think human editors check AI outputs before publishing them; many haven't made up their minds yet about AI — Based on an online survey focused on understanding if and how people use generative artificial intelligence (AI) …
The Guardian:
News Corp Australia reorganizes its mastheads into free, subscription-based tabloids, and prestige titles, and lets go of news.com.au EIC Lisa Muxworthy — Staff told some people will ‘regrettably leave our business’ as media empire is reorganised into three divisions
Peter Kafka / Business Insider:
Americans' visits to movie theaters have been falling since the early 2000s, coinciding with broadband internet growth; Hollywood is reacting by raising prices — - Hollywood had a miserable Memorial Day weekend — one of the worst it has had in decades. — But this shouldn't be a surprise …
Discussion:
@tvgrimreaper, Los Angeles Times, @bsdtectr.bsky.social and @tvgrimreaper
RELATED:
Pamela McClintock / The Hollywood Reporter:
Comscore: Memorial Day weekend box office grossed an estimated $128.3M, a 29-year low, excluding 2020 and 2021, and down ~37% YoY; Furiosa led with just $32M
Discussion:
The Wrap, Albert Fong on LinkedIn, Paul Dergarabedian on LinkedIn, The Hill, Los Angeles Times, New York Times, Variety, @patrickbigpix, Steve Siskind on LinkedIn, Washington Post, IGN, JoBlo, NBC News, Associated Press, Screen Rant, CNN, The A.V. Club, The Wrap, Business Insider, Deadline, Screen Rant and ComingSoon.net
Jim Waterson / The Guardian:
London Evening Standard plans to close its daily paper and launch a weekly, citing £84.5M losses in six years, driven by the Underground adding Wi-Fi and more — Chair Paul Kanareck says newspaper's losses - £84.5m in the past six years - not sustainable
Discussion:
Press Gazette, Bloomberg, @pressgazette, @zoenora6, @crankynotions, @chrismsutcliffe, @mendelpol, @nigelwuk, @eduardosuarez, @henrycooke, @mattleys, @nicolelampert, @anthonypainter, @benjaminbutter, @chrismonk, @jamesrbuk, @stephenpollard, @profdaveandress, @owenjones84, @amarjourno, @aubrey_writes, @mrjamesob, @olifranklin, @danhancox, @thewritertype, @sophiasleigh, @ianvisits, @josiahmortimer, @nickw84, @youngvulgarian and @jimwaterson
Brian Stelter / Vanity Fair:
A profile of Lisa Rubin, a corporate lawyer turned MSNBC legal correspondent, who has covered Trump's NY trial and has been on air 275+ times since January — The corporate lawyer turned correspondent is having a moment on the cable news channel, relaying all the daily drama from the camera-free courtroom.
Discussion:
@brianstelter, @brianstelter, @richardhudock, @steve_vladeck, @lawofruby and @jayshams
Paul Sawers / TechCrunch:
Spotify hikes its Premium subscription in France by €0.13 to €11.12, to match the 1.2% music-streaming levy imposed by the country at the start of 2023 — Spotify has hiked the price for its premium subscription in France by an eye-watering €0.13 in response …
Emily Ramshaw / The 19th:
The 19th received a three-year, multimillion-dollar grant to advance its journalism from Melinda French Gates as part of her $1B initiative focused on women — The multi-year support will allow us to grow our journalistic ambitions and our audience, while investing in our long-term sustainability.
Discussion:
CNN, Associated Press, New York Times, @slooterman, @errinhaines, @jessicalessin, Emily Ramshaw on LinkedIn, Fernanda Santos on LinkedIn, @19thnews, @grace_panetta, Melinda French Gates on LinkedIn, @jason_kint, Associated Press, @jillgeisler, Variety, The Information, @eramshaw, CBS News and The Wrap
Joe Berkowitz / Fast Company:
The MoviePass documentary, called MoviePass, MovieCrash, highlights founders Stacy Spikes and Hamet Watt, who are Black and often omitted from MoviePass stories — Business stories involving a meteoric rise followed by a spectacular collapse naturally lend themselves to movies …
Discussion:
The Streamable, Wall Street Journal, The Guardian, New York Times, The Verge, IndieWire, @brianstorms@mastodon.social and HBO
Clara Aberneithie / Press Gazette:
PINF study: the UK's 300 to 400 independent publishers make between £18.6M and £24.8M in annual revenue combined, down from £30M to £40M in the previous year — There has been a dramatic reduction in revenue, audience and staff sizes across the small independent …
Discussion:
HoldtheFrontPage
Charlotte Tobitt / Press Gazette:
FT CEO John Ridding says news publishers “have leverage and should insist on payment” from AI companies and disintermediation is the industry's “biggest threat” — Financial Times chief executive John Ridding has told other news publishers they “have leverage and should insist on payment” from AI companies.
Discussion:
MediaPost, @mitalilive, @olifranklin, @ftpressoffice and Talking Biz News
Stephanie Edgerly / Local News Initiative:
A survey of 1,004 Chicago-area residents: 62% frequently use a smartphone to consume local news, just 9% read printed newspapers and magazines often, and more — An examination of the public's interest in and reliance on local news, as well as consumption habits
Discussion:
Tim Franklin on LinkedIn
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