Top News:
Bloomberg:
With ads hard to sell and VC hard to raise, sources say media startups like Defy Media and Uproxx consider, like Mashable, selling to bigger companies — Defy Media, Uproxx also weigh sale as capital to grow dries up — Web publishers that made ‘pivot to video’ struggle to sell ads
Discussion:
Talking Points Memo, Nieman Lab, @dylanbyers, @film_girl, @mitrakalita, @benfrumin, TheStreet, @anildash, @aedison, @seldo, @gerryfsmith, @jarroddicker, @mathewi, @mgsiegler, @ted_williams, @mmasnick, @pinboard, @joshuatopolsky, @sapna, Folio, Mediawire, Ad Age, Variety, Bloomberg, Wall Street Journal, Wall Street Journal and Recode
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Dylan Byers / CNNMoney:
Sources: IAC is exploring selling The Daily Beast, but the company has no formal sales effort in place — Digital media is facing a reckoning. — The start-ups that were once the darlings of the industry are facing budget shortfalls and revenue declines as they struggle to survive …
Discussion:
CNNMoney, Axios, Business Insider, @dylanbyers and Guido Fawkes
Benjamin Mullin / Wall Street Journal:
Axios raises $20M to fund newsroom expansion, plans to increase staffing to 150 by the end of 2018 — The 10-month-old media startup plans to increase staffing to 150 by the end of 2018, develop new coverage areas, and expand its data analysis and product offerings
Discussion:
Tubefilter, TechCrunch, @jimvandehei, Variety, The Wrap, @kelseymsutton, @maxslaterrobins, @jeffjarvis, @jayrosen_nyu, @mathewi, @jayrosen_nyu, Fast Company, @brianstelter and @jyarow
Julia Carrie Wong / The Guardian:
Records released Friday show congressman Greg Gianforte misled police in May after assault of reporter Ben Jacobs, claiming Jacobs initiated physical contact — US congressman Greg Gianforte misled police after his assault of Guardian reporter Ben Jacobs in May, falsely stating that Jacobs …
Discussion:
@brianklaas, New York Magazine, @jmartnyt, Washington Post, Axios and @mattdpearce
New York Times:
With $600M stake in Meredith's offer to buy Time Inc., the Kochs inch closer to becoming media moguls — Four years ago, Charles G. and David H. Koch seemed poised to control some of the country's biggest newspapers. Known for using their vast wealth and network of donors to advance …
Natalie Jarvey / Hollywood Reporter:
Sources: Vice Media suspends Jason Mojica, head of documentary film unit, as part of an investigation into sexual harassment allegations — Jason Mojica has been head of Vice's documentary film unit since August 2016. — Vice Media has suspended Jason Mojica, head of its documentary film unit …
Discussion:
Hollywood Reporter, The Daily Beast, The Awl, Page Six, Tubefilter, Variety, @imyourkid, @imyourkid, The Wrap and Deadline
Natalie Jarvey / Hollywood Reporter:
Interview with Funny or Die CEO Mike Farah on partnering with AMC, remaining independent, scale, and how most virality is driven by Facebook — Mike Farah discusses the evolution of digital content, partnering with AMC and charting an independent path: “I don't like to chase.
Tom Turula / Business Insider:
Spotify announces it has acquired Soundtrap, a collaborative online music recording startup, reportedly for at least $30M — Spotify is buying Swedish music tech startup Soundtrap for an undisclosed amount. — Soundtrap is a collaborative online recording studio that was valued at $25 million (SEK 207 million) last year.
Discussion:
Press, Music Industry Blog, VentureBeat, TechCrunch, Mashable, RAIN News and Axios, more at Techmeme »
Amanda Robb / Rolling Stone:
An investigation into the roots of Pizzagate: the real people behind some of the social accounts that later were amplified by bots — Inside the web of conspiracy theorists, Russian operatives, Trump campaigners and Twitter bots who manufactured the ‘news’ that Hillary Clinton ran a pizza-restaurant child-sex ring
Discussion:
Reveal, @theitskeptic, @raphkoster, @starecheski, @senyorreporter, @lyssanthrope, @bbjonez and @charliespiering
Ryan Ori / Chicago Tribune:
Tronc says the Chicago Tribune will leave Tribune Tower in Q2 2018, leasing space in a building overlooking Millennium Park — Built in 1925, the neo-Gothic Tribune Tower was designed by New York architects Raymond Hood and John Mead Howells, who won a contest held by Tribune co-publishers …
Discussion:
@heidistevens13, @maryschmich, @eisendrath, @jmetr22b, @richbird_editor, @alexisomyers, @byalisonbowen and @davidheinzmann
Rick Stengel / Politico:
Former US under secretary of state describes the Russian disinformation campaign on Crimea in 2014 and how the same tactics were used in the 2016 US election — Russian disinformation around Ukraine set the stage for the Kremlin's election meddling here. Clinton saw it coming, but couldn't stop it.
Discussion:
@mcfaul, @_zakali, @danschwerin, @neal_katyal and @cjcmichel
Anthony D'Alessandro / Deadline:
MoviePass launches a one-year subscription plan for $89.95 — For a limited time, MoviePass is offering a one-year subscription plan for a flat fee of $89.95, which translates to $7.50 a month (that price already includes a $6.55 processing fee). That price is under this year's 3Q average movie ticket …
Discussion:
The Wrap, Variety, The A.V. Club, Gizmodo, @christoronyi, Business Insider, Engadget, The Verge and /Film, more at Techmeme »
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