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11:20 AM ET, July 28, 2017

Mediagazer

 Top News: 
Sydney Ember / New York Times:
Emerson Collective, founded by Laurene Powell Jobs, agrees to acquire a majority stake in The Atlantic, with full ownership possible in the coming years  —  Emerson Collective, the organization founded by Laurene Powell Jobs, has agreed to acquire a majority stake in The Atlantic magazine …
Christina Wilkie / Center for Public Integrity:
Steve Bannon's use of publicist Alexandra Preate, whose firm Capital HQ works for Breitbart News, is without precedent and may violate law, ethicists say  —  Private publicist, not White House spokespeople, flacking for top Trump aide  —  In an arrangement prominent ethics experts …
Sara Fischer / Axios:
Jessica Lessin is launching The Information Accelerator, an incubator that will support subscription news startups  —  Former Wall Street Journal reporter Jessica Lessin has already launched her own subscription news company, The Information.  Now, she wants to help others do the same, Axios has learned.
Axios:
Sources: Anthony Scaramucci has told associates he plans to dramatically pare back his interactions with journalists following his comments to The New Yorker  —  Incoming White House communications director Anthony Scaramucci has told associates he plans to dramatically pare back his interactions …
Michael Calderone / HuffPost:
Pulitzer-winning reporter James Risen is taking a buyout from The New York Times after nearly two decades  —  The high-profile reporter is taking a buyout as the paper reorganizes its newsroom.  —  Pulitzer Prize-winning reporter James Risen is leaving The New York Times after nearly two decades …
Hadas Gold / Politico:
Sources: MSNBC correspondent Kasie Hunt is likely to get her own two-hour show on Sunday evenings  —  MSNBC correspondent Kasie Hunt is likely to get her own show on Sunday evenings, two sources with knowledge of the situation tell POLITICO.  —  The deal is not done yet and the show does …
Discussion: TVNewser
Joe Pompeo / Vanity Fair:
Sources: NYT chief book reviewer and Pulitzer winner Michiko Kakutani is stepping down after nearly 40 years at the newspaper  —  Kakutani, who helped make the careers of writers from Foster Wallace to McEwan, and put fear in the hearts of Mailer and Vidal, will leave her post as one of the most formidable critics in the Times history.
Alex Kantrowitz / BuzzFeed:
Companies are increasingly paying Facebook to promote positive press, steering ad dollars away from publishers  —  When the workplace gossip app Blind expanded its product's availability earlier this summer, it got the word out via an age-old tactic: advertising.
Amazon.com:
Amazon reports Q2 revenue of $38B, up 25% YoY, as net income drops from $857M to $197M YoY; AWS revenue rose 42% YoY to $4.1B  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2017.  —  Operating cash flow increased 37% to $17.9 billion …
Farhad Manjoo / New York Times:
BuzzFeed's Tasty, which makes most of its money from branded sponsor videos, starts selling a $149 app-connected cooktop as it looks to broaden revenue sources  —  We need to talk about overhead instructional videos of people making food.  You know the ones I mean.
 
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 More News: 
Christine Schmidt / Nieman Lab:
DocumentCloud is transitioning out of IRE, backed by $250K grant from the Knight Foundation, and will ask news orgs using it to start financially supporting it
Sarah Perez / TechCrunch:
Sling TV to host pay-per-view events, starting this weekend with UFC fight
Discussion: Rolling Stone, Forbes and Engadget
 Earlier Picks: 
Micah Singleton / The Verge:
Google plans to merge Google Play Music with YouTube Red to create a new streaming service, YouTube's head of music Lyor Cohen confirmed
Jessica Toonkel / Reuters:
Sources: marijuana magazine High Times is preparing to file for an IPO; parent company Oreva Capital is selling the magazine for $250M
Jeremy Barr / Hollywood Reporter:
Group Nine Media, parent company of The Dodo and NowThis, hires ex-Clinton assistant Press Secretary April Mellody as head of corporate communications
Discussion: Tubefilter