Top News:
Sara Fischer / Axios:
Facebook will change its News Feed algorithm to prioritize news stories with original reporting and demote ones that are not transparent about their authors — Beginning today, Facebook will be updating the way news stories are ranked in its News Feed to prioritize original reporting, executives tell Axios.
Discussion:
MediaPost, About Facebook, TechCrunch, The Independent, Engadget, @kantrowitz, @mikeisaac, @marklittlenews, @jason_kint, @wongmjane, @gavinsblog, @kerrymflynn, @badnetworker, @imbadatlife, @jbillinson, @markgongloff, @davegershgorn, @sarafischer, @jordanzakarin, @curtwoodward and @pphericrussell, more at Techmeme »
Abner Li / 9to5Google:
YouTube TV is raising its monthly rate to $64.99, due to “the rising cost of content”, from $49; ViacomCBS channels are becoming available on the service today — Back in April of last year, YouTube TV raised its monthly fee to $49. The cord-cutting subscription will soon cost $64.99 for all.
Discussion:
YouTube Blog, The Streamable, @youtubetv, Awful Announcing, Deadline, The Wrap, @kgustafson, @mharrisonair, @cwilliamson44, @lavendricks, @youtubetv, @youtubetv and @richlightshed
The Daily Beast:
New York judge issues a temporary restraining order halting publication of Mary Trump's book and orders her and Simon & Schuster to appear in court July 10 — Mary Trump's upcoming, explosive tell-all about the president has hit a temporary setback as a judge grants Robert Trump a Temporary Restraining Order to halt publication.
Discussion:
CNBC, @brianstelter, @brianstelter, Raw Story, @santucci, @lachcartwright, @eriqgardner and Boing Boing
Lian Buan / RAPPLER:
Rappler's Maria Ressa and Reynaldo Santos file a motion for reconsideration in their cyber libel case, citing 13 errors by the judge and accusing her of malice — (UPDATED) 'The court's role in the trial is to determine malice, not make malicious statements.
Discussion:
@mariaressa
Ronan Shields / Adweek:
Sell-side ad tech company Rubicon Project, which merged with Telaria in April, rebrands as Magnite — New branding unveiled three months after official union — Rubicon Project has rebranded as Magnite, as the sell-side ad-tech company aims to convince investors that it is more than the sum …
Discussion:
AdExchanger
Alex Barker / Financial Times:
Survey of 58 WFA members, who are responsible for $90B+ of ad spending worldwide, finds ~33% will suspend or are likely to suspend spending on social media — Study reveals extent of revolt against Facebook and Twitter over hate speech — Almost a third of the world's biggest brands …
Discussion:
The Guardian, The Verge, @financialtimes and Axios, more at Techmeme »
RELATED:
Ina Fried / Axios:
Memo: Microsoft suspended its ads on Facebook and Instagram in the US in May and has since expanded the pause globally, over concerns of “inappropriate content”
Discussion:
The Independent, Ad Age, The Verge, Bloomberg, MediaPost, MediaNama, @b_fung, Softpedia News, @jamestitcomb, @kurtwagner8, @inafried, @carlquintanilla, @pbandjaimie, @kerrymflynn, Stop Hate for Profit, Beyond Search, Hollywood Reporter, The Wrap, Business Insider, Digital Trends and Neowin, more at Techmeme »
Matthew J. Belvedere / CNBC:
Netflix says it will put 2% of its cash holdings, currently ~$100M, toward financial institutions and organizations dedicated to helping Black communities — - Netflix announced plans to start putting 2% of its cash holdings into financial institutions and organizations to “directly support Black communities in the U.S.”
Discussion:
Netflix Media Center, Breitbart, The Wrap, The Verge, Silicon Valley Business … and @jyarow, more at Techmeme »
Olivia Nuzzi / New York Magazine:
Betsy Rothstein, a Washington, DC, media gossip columnist who worked at The Hill, Fishbowl DC, and then The Daily Caller, has died of cancer — I don't know what I expected Betsy Rothstein to look like, but I guess I wasn't expecting a woman who made her living filleting media personalities …
Discussion:
The Daily Caller, @wesleylowery, @peterbakernyt, Fox News, @montel_williams, @jimlaporta, @maryvought, @dhookstead, @joeconchatv, @chrisrbarron, @iamsophianelson, @richiemcginniss, @chrisrbarron, @michaeltaube, @iamsophianelson, @thebriansweeney, @jonathanchait, @bensmithdc, @owillis, @sreddi_515, @wesleylowery, @owillis, @owillis, @amber_athey, @jfkucinich, @esaagar, @bobcusack, @gpingersoll, @ryanlcooper, @samstein, @kaitlancollins, @ryanlcooper, @grace_panetta, @mattklewis, @alexpappas, @colbyhall, @glennkesslerwp, @aaronblake, @ryanlizza and @jakesherman
Bill Grueskin / Columbia Journalism Review:
To undermine the credibility of journalism and of individual reporters and outlets, Kayleigh McEnany is moonlighting as a media critic in WH press briefings — White House press secretaries make a good salary—around $183,000 a year, almost half the president's pay.
Discussion:
@cjr, @cjr and @usprojectcjr
Ken Doctor / Nieman Lab:
Sources: some nonprofit journalism leaders are considering a bid for all of McClatchy, which would create the first major nonprofit newspaper chain in the US — The next 48 hours may decide the fate of two of America's largest newspaper chains that collectively serve almost a fifth of all American local newspaper readers.
Lucas Shaw / Bloomberg:
In recent years, Netflix has embraced YouTube, its biggest competitor, gaining 1M+ subscribers on its channel Netflix Is a Joke and around 3M for Netflix Junior — When Netflix released a 27-minute video of Dave Chappelle earlier this month, the most surprising part of his performance was not what he said but where he said it.
Fiona Monga / Substack Blog:
Substack opens up its fellowship to applicants with a $100K grant for the top recipient and $25K advances for each of the other four fellows — Today we're announcing the next generation of the Substack Fellowship for Independent Writers, which features a $100,000 grant for the top recipient …
Discussion:
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