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5:30 AM ET, April 6, 2021


 Top News: 
Wall Street Journal:
Sources: Stewart Bainum and Hansjörg Wyss say they can personally contribute $600M+ total toward their $680M bid, up from $200M, as Alden's bid loses favor  —  Tribune likely to deem new bid superior to agreement with Alden, according to sources  —  A Maryland hotel magnate …
Katie Robertson / New York Times:
Tribune says it has begun discussions about a sale to Bainum and Wyss' company Newslight, but won't terminate the Alden merger agreement for now  —  Two months after agreeing to sell itself to Alden Global Capital, a New York hedge fund, the company behind The Chicago Tribune and The Baltimore Sun may shift course.
Washington Post:
How a campaign by reporters in Baltimore inspired a national effort to keep nearly a dozen Tribune newspapers from being bought by Alden Global Capital  —  Last year, as a group of Baltimore Sun reporters embarked on long-shot endeavor to find a new owner that could save their paper …
Shawna Chen / Axios:
SCOTUS vacates a lower court ruling that Trump's Twitter blocks violate the First Amendment  —  The Supreme Court vacated a lower court ruling that found former President Trump violated the First Amendment by blocking followers on Twitter, ordering the case to be dismissed as moot now that he is no longer in office.
Brandy Zadrozny / NBC News:
A look at The News Alerts of Beaver County, a 43,000-member Facebook Group in PA that fills the local news void but often hosts exaggerations and falsehoods  —  The day after Thanksgiving 2019, residents of Chippewa Township, Pennsylvania, watched from their windows as state …
Josh Marshall / The Atlantic:
Many digital news outlets are just not financially viable, and those that sought scale lost to platforms; survivors nurture durable ties to specific customers  —  On March 9, management at HuffPost notified 47 employees that they were being laid off as part of a cost-cutting effort following …
Todd Spangler / Variety:
Audible hires Zola Mashariki, former senior exec at Fox Searchlight and BET, to oversee original content as the new head of Audible Studios  —  Zola Mashariki, former senior exec at Fox Searchlight and BET, is the new head of Audible Studios.  —  In the role at the Amazon-owned audio content platform …
Sarah Ellison / Washington Post:
How Condé Nast's rushed push for diversity, alongside Anna Wintour's hazy understanding of Teen Vogue, left its staff blindsided after the McCammond hiring mess  —  From the start, Alexi McCammond seemed an unlikely candidate to become a top boss within the storied Vogue empire — at least on paper.
Ben Smith / New York Times:
Profile of Viet Dinh, Fox's chief legal officer, who has been seen internally as the company's power center since before Lachlan Murdoch moved to Australia  —  Even before the company's C.E.O., Lachlan Murdoch, moved to Australia, Viet Dinh was seen as Fox's power center.
Jill Goldsmith / Deadline:
ViacomCBS Networks International to acquire Chilevisión from WarnerMedia, expanding its Latin America footprint and Spanish content library  —  ViacomCBS Networks International has agreed to acquire Chilevisión from AT&T's WarnerMedia for an undisclosed sum, expanding its footprint in Latin America.
Katie Robertson / New York Times:
NYT names Jim Dao, a deputy editor on the national desk, as its new Metro editor; Dao has worked in a wide range of roles at the paper since 1992  —  A veteran of the paper is appointed to lead its local coverage as candidates line up to succeed Mayor Bill de Blasio, and New York City looks beyond the pandemic.
Meredith Conroy / FiveThirtyEight:
How distrust of the news media became a point of political identity among Republicans and a basis for Americans to sort themselves into political tribes  —  There's little question that the media is one of the least trusted institutions in Republican circles.
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 More News: 
KC Ifeanyi / Fast Company:
Inside BritBox's US strategy: embracing the true crime genre, creating ancillary content for legacy shows, and introducing new audiences to British comedy
 Earlier Picks: 
Faith Blackinton / CNBC:
Recent major song catalog acquisitions, like Paul Simon's and Bob Dylan's, are fueled by low interest rates, rise of streaming, and estate planning by artists
New York Times:
Profile of Bill Hwang, who led Archegos Capital Management to being the top shareholder in ViacomCBS, behind ~$20B in shares before the price halved in a week
The Guardian:
Sicilian prosecutors looking into human trafficking wiretapped Italian journalists covering the Mediterranean migrant crisis and allegedly exposed their sources
Tatiana Cirisano / Billboard:
Profile of Bandcamp, profitable since 2012 without ads or major investors, which has paid out $196.3M to artists since March 2020, often foregoing its fees

From Techmeme:

Robert McMillan / Wall Street Journal:
A profile of CrowdStrike, founded in 2011 and used by 300 companies in the Fortune 500; Gartner: CrowdStrike has ~15% of the global security software market

Dean Takahashi / VentureBeat:
Over 200 Bethesda Game Studios workers unionize with the CWA, forming the first “wall-to-wall” union at a Microsoft game studio; Microsoft recognized the union

Joseph Cox / 404 Media:
The UK and US announce the arrest of a 17-year-old boy from Walsall, UK, suspected of being connected to the ransomware attack against MGM Resorts in 2023

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