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9:50 AM ET, May 8, 2018

Mediagazer

 Top News: 
Denver Newspaper Guild:
The Denver Post's newsroom releases a statement in support of former Editorial Page Editor Chuck Plunkett  —  To our readers:  —  Newspapers tell the truth.  —  They must.  Always.  —  That is why we, the newsroom of The Denver Post, are outraged at the unconscionable censorship imposed …
RELATED:
Ken Doctor / Nieman Lab:
Alden plans 10-15% budget cuts at the Denver Post and other DFM properties; sources say at least one lender to withdraw financing after editorial resignations  —  Former Denver Post owner Dean Singleton is upset that the paper he built “has been totally gutted of news coverage...It is breaking my heart.”
Reuters:
Sources: Comcast is preparing an all-cash bid for 21st Century Fox's media assets which it has agreed to sell to Disney, but bid is dependent on AT&T case  —  (Reuters) - U.S. cable operator Comcast Corp is asking investment banks to increase a bridge financing facility by as much as $60 billion …
New York Times:
The Phnom Penh Post sold to Malaysian investor; senior editors ousted over a story about the connection between the investor's firm and the Cambodian government  —  PHNOM PENH, Cambodia — A newspaper widely seen as the last bastion of a free press in Cambodia has been sold to a Malaysian investor …
Peter Kafka / Recode:
Warner Music Group has sold 75% of its stake in Spotify for ~$400M; Sony said last week it sold about half of its Spotify shares for ~$750M  —  First Sony, now Warner Music Group.  —  As Spotify was getting its subscription music service off the ground, the world's biggest music labels took equity stakes in the company.
Brian Steinberg / Variety:
Following its merger with Scripps Networks, Discovery posted an $8M loss in its Q1 but revenue soared 43% YoY to ~$2.31B  —  The acquisition of Scripps Networks Interactive is likely to be a boon to the new Discovery Inc., which has swelled in size thanks to the companies' recent merger.
Discussion: The Wrap and Broadcasting & Cable
Erik Wemple / Washington Post:
CNN is currently battling to keep its editorial guidelines secret, as part of a legal battle over an investigative piece from June 2015  —  The New York Times puts its editorial guidelines on the Internet, for all to sample.  So does The Post.  BuzzFeed published its “News Standards And Ethics Guide” …
David Folkenflik / NPR:
Tronc agrees to recognize journalists' unions at its Chicago-area publications, including The Chicago Tribune, suburban outlets, and design/print center  —  The troubled Tronc media company agreed Sunday evening to recognize unions to represent journalists in negotiations at its Chicago-area publications …
Peter Kafka / Recode:
YouTube reached an agreement with Vevo last year, in an unannounced deal, to sell Vevo's clips directly to advertisers as part of Google Preferred  —  Good for YouTube and for the music labels.  What about for Vevo?  —  The world's biggest video site is also the world's biggest music video site.
Sara Fischer / Axios:
Cheddar, the streaming video network dubbed the “CNBC for millennials”, is launching its own business-focused news channel for Snapchat Discover  —  Cheddar, the streaming video network dubbed the “CNBC for millennials” is launching its own business-focused news channel for Snapchat Discover.
Eric Levitz / New York Magazine:
Liberal publications like The Atlantic can have ideological diversity without hiring sub-standard conservative writers with ideas that are demonstrably false  —  Donald Trump's election exposed the irrelevance of conservative intellectuals — and thereby, the incoherence of many a liberal publication's mission statement.
Steph Harmon / The Guardian:
Speaking at a panel at Sydney Writers' Festival, journalists like WaPo's Irin Carmon and NYT's Jenna Wortham discussed the difficulties of covering #MeToo  —  For anyone who thought the movement had lost momentum, the last few days have proved otherwise  —  Hours before the cornerstone …
Discussion: Melville House Books
 
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 More News: 
Natalie Jarvey / Hollywood Reporter:
The Interactive Advertising Bureau, organizer of the Digital Content NewFronts, is bringing the event to LA in October this year for two days
Nicholas Kristof / New York Times:
Coverage of Donald Trump has become part of the media's business model in 2018, leaving too little room for coverage of issues like the opiod crisis
 Earlier Picks: 
New York Times:
Writer Zinzi Clemmons accuses novelist Junot Díaz of forcibly kissing her and of writing an autobiographical essay in the New Yorker to pre-empt accusations
Financial Times:
Baidu, Alibaba, and Tencent are investing heavily in short videos as the format explodes in China; analyst says the top four apps had 582M users last quarter
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple has renewed discussions with OpenAI about using its technology to power some features in iOS 18; talks with Google on using Gemini remain ongoing

Ryan Vlastelica / Bloomberg:
Alphabet closes above a $2T market cap for the first time, reaching a valuation of $2.15T after rising 10% on April 26, its biggest one-day jump since July 2015

Dustin Volz / Wall Street Journal:
Sam Altman, Satya Nadella, Sundar Pichai, Jensen Huang, and others join a board for advising the DHS on deploying AI safely within US critical infrastructure
 
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