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 …
Discussion:
@royalpratt, @blairkamin, The Week, @jbenton, Nieman Lab, @wsj, @nestruck, @ourmaninchicago, @ryanhanrahan, Robert Feder, @noah__goldberg, @samontv, @harrysiegel, @tomwarren, @petersagal, @anthony, @lalpert1, @cararlombardo, @hotlinejosh, @brynstole, @jessbravin, @jayrosen_nyu, Chicago Sun-Times, @benmullin and @brianstelter, more at Techmeme »
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Orlando Sentinel:
Orlando Sentinel's editorial board says an impending takeover of Tribune by Alden Global Capital feels like “an existential moment for our newspaper's future” — The Orlando Sentinel's extensive coverage of Joel Greenberg started getting attention this week.
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.
Discussion:
@sarahellison, @ericmgarcia, @zoddies, @sulliview and @jbarro, Thanks:@heidilegg
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.
Discussion:
@jeremymbarr, @miketatarski, Mediaite, @rmac18, @jacketpotato and @avtrask
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 — Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.
Discussion:
@edmundlee, @sherman4949, @nomiprins, @jessefelder, The YEET, @trungtphan and @finalappchfix
The Princetonian:
EICs of all eight Ivy League papers are women for the first time: they discuss what this milestone means, priorities moving forward, and more — For the first time, women hold the highest editorial positions at all eight Ivy League papers. — The path to leadership …
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 …
Claire Stern / InStyle:
Profile of Kaitlan Collins, chief White House correspondent for CNN, on her “apolitical” upbringing, being banned from a Trump press event in 2018, and more — Her news-making MO? “Making sure you're being fair, making sure you're reaching to people, and making sure you're right.”
Discussion:
@oliverdarcy and @instyle
The Guardian:
Sicilian prosecutors looking into human trafficking wiretapped Italian journalists covering the Mediterranean migrant crisis and allegedly exposed their sources — Conversations recorded ahead of cases in which rescuers from charities charged with collaboration with people smugglers
Discussion:
@ioannisekolovos, @darachos, @seawatch_intl, @manisha_bot, @lorenzo_tondo, @dariadavitti and @trillingual
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 — Without advertisers or major investors, Bandcamp turned a profit helping musicians at all levels make a living.
Discussion:
@sonixcursions, @txmusicoffice, @kr8cken, @tatianacirisano and @billboard, more at Techmeme »
Matt Grossman / Wall Street Journal:
HYBE, which manages K-pop's BTS, is buying Ithaca Holdings, the company behind artists and labels including Justin Bieber and Big Machine Label, for $1B+ — Deal would unite South Korean media company with Scooter Braun's Ithaca Holdings — The South Korean media company that manages K-pop group BTS …
Om Malik / On my Om:
Unsplash, a startup that hosts freely usable images and was designed to upend behemoths like Getty Images, sells to Getty Images — Knowing of my growing distaste for the Facebookization of Instagram, Evgeny Tchebotarev, the co-founder of 500px, sent me an email about a new project from Crew, a freelancer-focused design company.
Discussion:
@ampressman, Data Operations, @bikehugger, @waskov6, @olli101, @om, @givemefoxes, @lukechesser, @readdanwrite, @davemark, @davewiner, Digital Photography Review, Getty Images Press Room, Digital Information World, Hindustan Times, BetaKit, MUO, PetaPixel, @dangillmor, Unsplash and @unsplash
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