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11:35 AM ET, June 27, 2019


 Top News: 
Christine Schmidt / Nieman Lab:
The Correspondent outlines its pre- and post-launch budget; it plans to hire five full-time journalists around the world and at least five freelancers a month  —  With just over 90 days until its official launch, the English-language — remember, not just U.S. — expansion of De Correspondent …
Discussion: The Correspondent
Kelly McBride / Poynter:
How editors weighed competing values in deciding to post the photo of drowning victims Óscar Alberto Martínez Ramírez and his daughter Valeria at the Rio Grande  —  Editor's note: You can see the photo this column references by scrolling all the way to the end of this story.
Brian Stelter / CNN:
Washington Post moves into Spanish language journalism with twice-a-week podcast and opinion columns  —  New York (CNN Business)The Washington Post's next expansion is in another language.  The company's newsroom is launching a twice-a-week Spanish language podcast and the opinion section is beginning to publish pieces in Spanish.
Discussion: @jciragorri
Todd Spangler / Variety:
Bustle Digital Group buys media brand Nylon, formerly a print magazine, for an undisclosed sum; its previous owner will become a minority BDG owner  —  Bustle Digital Group's Bryan Goldberg is back with more M&A: In the latest prong in Goldberg's roll-up strategy, BDG closed a deal to buy Nylon …
Simon Owens / What's New in Publishing:
Bundled news subscriptions struggle because publishers have no incentive to advertise bundles over their own offerings, and bundles have no exclusive content  —  Earlier this month, a company called Mogul News launched a news app that curates article content from three media outlets: Bloomberg, The Financial Times, and The Economist.
Wall Street Journal:
Carol LeBlanc /
Michael Caruso, editor in chief of Smithsonian Magazine, will step down at the end of June  —  It is with fondness and appreciation for his accomplishments that I announce that Michael Caruso, the Editor in Chief of Smithsonian magazine and the Vice President of Live Events, is stepping down from his position at the end of June.
Charlie McGee / Wall Street Journal:
CEOs in S&P's communications services sector, which include media, telecom, and social networking companies, posted a median CEO pay of $22.6M  —  Their median compensation of $22.6 million last year ranked as the highest for any S&P 500 sector  —  Media titans came under heavy scrutiny …
Mark Sweney / The Guardian:
Publishers Association finds UK physical book sales fell by £168M, or 5.4%, in 2018, while audiobook sales surged by 43% to £69M  —  Publishers hit by surprise 5.4% fall in 2018 - but warn against proclaiming terminal decline  —  UK book sales fell for the first time in five years in 2018 …
Discussion: @cmccrudden
Bob Ley, ESPN's longest-tenured anchor, is retiring at the end of the month after 40 years at the company  —  Bob Ley, after a 40-year career at ESPN, announced his retirement from the network Wednesday.  —  Ley, who had taken a leave of absence in October, said in a statement that he will be retiring at the end of this month.
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 More News: 
Will Sommer / The Daily Beast:
Reddit “quarantines” r/The_Donald, which has 750K+ subs, over threats made against cops and public figures; quarantines show a content warning upon visiting sub
 Earlier Picks: 
Alex Sherman / CNBC:
The Office will move from Netflix to NBC's new streaming service in 2021; a source says Netflix was willing to pay up to $90M/year, but NBC offered $100M