Top News:
Supantha Mukherjee / Reuters:
Tronc has confirmed it is selling the Los Angeles Times and a number of other newspapers to billionaire biotech investor Patrick Soon-Shiong for $500M in cash — (Reuters) - Tronc Inc (TRNC.O) said on Wednesday it would sell some newspapers, including the Los Angeles Times and the San Diego Union-Tribune …
Discussion:
TechCrunch, Washington Post, CNBC, Los Angeles Times, New York Times, Bloomberg, @gerryfsmith, Deadline, CNNMoney, Business Insider, @rachelking, Fast Company, Fortune, The Week, @latlands, CNNMoney, @mollyesque, @jackshafer, Press Gazette, 89.3 KPCC, @chrismegerian, @bencjacobs, @kevinding, @billshaikin, @byrosenberg, @kenvogel, @petersterne, @jbflint, @mayorofla, @brianstelter and @gabekahn
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Ken Doctor / Nieman Lab:
Analysis of LA Times deal: factors that led to sale now, speculation on Soon-Shiong 's future strategy, a look at price, and a theory on a future Gannett role — Tronc is getting a big premium for its flagship asset, and the Times is getting a return to private, local ownership.
Discussion:
The New York Observer, @sduncovered, @jayrosen_nyu, @laobserved, @scribeguy, @mattdpearce, @latlands, BloombergQuint, @markjacob16, NPR, New York Times, Fortune, Politico, Mediawire, Splinter, LA Observed, @jayrosen_nyu, Variety, KTLA, NPR and Editor & Publisher
Meg James / Los Angeles Times:
Tronc forms new company, Tribune Interactive, with Ross Levinsohn as its CEO and ex-LA Times EIC Lewis D'Vorkin as its chief content officer — Biotech billionaire Patrick Soon-Shiong has agreed to purchase the Los Angeles Times from its parent company Tronc, restoring local ownership …
Hollywood Reporter:
Disney is developing a number of Star Wars series for its streaming service, CEO Bob Iger said during an earnings call on Tuesday — Disney CEO Bob Iger tells investors that the company is close to revealing at least one of the producing teams behind one of the projects.
Discussion:
StarWars.com, Slate, The Playlist, Tubefilter, Vanity Fair, @americanstnick, Deadline, The A.V. Club, /Film, CinemaBlend, Press Association, io9 and Variety
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Peter Kafka / Recode:
Streaming service ESPN Plus launching next month at $4.99/mo; sources say it won't have ESPN cable channels' content, which still requires ESPN subscription
Streaming service ESPN Plus launching next month at $4.99/mo; sources say it won't have ESPN cable channels' content, which still requires ESPN subscription
Discussion:
Adweek, Fast Company, Polygon, Pocket-lint, Forbes, The Wrap, AppAdvice.com, Mashable, TechCrunch, Slate, CNNMoney, CNBC, Associated Press, The Verge, CNBC, @spingriffey, 9to5Mac and Broadcasting & Cable, more at Techmeme »
Claire Atkinson / NBC News:
Newsweek Media Group's head of sales resigns, and a source says the company has lost “hundreds of thousands” in ad commitments since reports it bought traffic — The Newsweek Media Group is reeling. — Ed Hannigan, the company's head of sales, resigned on Tuesday.
Discussion:
@jaysunsilver, @melinadelkic, @journo_christal, @linleyann, @jasonabbruzzese, @rachelcbrody, @claireatki, @sulliview, Splinter and Talking Biz News
Sara Fischer / Axios:
Snapchat says it generated $100M in revenue for Discover's publishing partners in 2017, up from $58M in 2016 and $10M in 2015 — Snapchat says it generated $100 million in revenue for content partners on Discover in 2017, up from $58 million in 2016 and $10 million in 2015.
Discussion:
Recode, Wall Street Journal and @matildegiglio
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Wall Street Journal:
Snapchat is launching to tool to let TV networks pipe snippets of live broadcasts directly into the app, starting this Saturday with NBC's Olympics coverage
Snapchat is launching to tool to let TV networks pipe snippets of live broadcasts directly into the app, starting this Saturday with NBC's Olympics coverage
Discussion:
TechCrunch, Ad Age, The Next Web, @ctrlzee, @mathewi, @georgia_wells, @kerrymflynn, AppAdvice.com, 9to5Mac, Bloomberg and TechCrunch, more at Techmeme »
Adi Robertson / The Verge:
Reddit bans r/deepfakes, which was devoted to making AI-powered porn using celebrities' faces, and updates site-wide rules regarding “involuntary pornography” — Reddit has banned the r/deepfakes subreddit that's devoted to making AI-powered porn using celebrities' faces …
Discussion:
Motherboard, Engadget, Mashable, New York Magazine and reddit, more at Techmeme »
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Samantha Cole / Motherboard:
Pornhub says it's banning AI-generated fake porn videos because they're “nonconsensual”, yet such “deepfake” videos are still available via site search results
Pornhub says it's banning AI-generated fake porn videos because they're “nonconsensual”, yet such “deepfake” videos are still available via site search results
Discussion:
The Verge, Engadget, The Guardian, Engadget, Fast Company, The Next Web, Mashable, The Daily Dot, The Verge and Trusted Reviews, more at Techmeme »
Jane Lytvynenko / BuzzFeed:
A look at 29 Facebook pages and sites of fake news publishers, which are using Instant Articles to help completely false stories load faster and earn revenue — While some mainstream publishers are abandoning Facebook's Instant Articles, fake news sites based overseas are taking advantage of the format …
Discussion:
@profcarroll, @firstdraftnews, @niemanlab, @janelytv, @craigsilverman and @craigsilverman
Craig Silverman / BuzzFeed:
Russian trolls posed as black activists on Tumblr and generated hundreds of thousands of interactions with anti-Hillary Clinton, pro-Bernie Sanders content — Tumblrs run by Russian trolls generated hundreds of thousands of interactions with anti-Hillary Clinton, pro-Bernie Sanders content.
Keach Hagey / Wall Street Journal:
Sources: Vice Media missed its 2017 revenue target of $805M by $100M+, largely due to its Viceland TV channel; co-president Creighton unlikely to return to role — Digital media company misses revenue forecast; shareholders push company to turn a profit — Vice Media is facing uncertainty …
Discussion:
@sknthla, @annehelen, @iankar_, @simonowens, Fast Company, @keachhagey, @srabil, @asharma and @raju
Anna Washenko / RAIN News:
RadioPublic launches Paid Listens, guarantees participating podcasters $20 CPM for every listen via its iOS and Android apps — Podcast company RadioPublic has adopted a new service for show creators to get paid for their work. The approach is designed for podcasts that don't have the scale …
Discussion:
RadioPublic, @evoterra, @mattervc and Fast Company
Local News Lab:
Democracy Fund announces two new funds in NJ and NC totaling $2M to support local news ecosystems and seek long-term solutions for public-interest news — Democracy Fund establishes two new local funds — Local news is critical to a healthy democracy, and we believe that the future of local news is local.
Discussion:
@democracyfund, @melaniesill, @jcstearns and @jcstearns
Christine Wang / CNBC:
21st Century Fox beats Q2 targets with $8B in revenue, up 5% YoY, as higher affiliate, syndication, and ad revenue boost cable revenue, up 11% YoY — Twenty-First Century Fox reported earnings and revenue that topped Wall Street expectations on Wednesday. — The stock edged slightly higher in extended trading.
Discussion:
Variety, Ad Age, Broadcasting & Cable, @edmundlee, Hollywood Reporter, 21st Century Fox and /Film
Washington Post:
Executives at The Newseum plan to meet with a real estate firm Thursday to explore options including selling its building in Washington, DC, or moving locations — Two months shy of its 10th anniversary in a glass-and-steel showpiece on Washington's most prestigious thoroughfare …