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3:45 PM ET, May 3, 2021

Mediagazer

 Top News: 
Steve Kovach / CNBC:
Verizon says it will sell Yahoo and AOL to PE firm Apollo Global Management for $5B, keeping a 10% stake in the company, which will be rebranded as just “Yahoo”  —  - Verizon will sell its media group, which includes brands from AOL and Yahoo, to private equity firm Apollo Global Management.
Meg James / Los Angeles Times:
The Los Angeles Times names Kevin Merida as its executive editor; Merida has previously been the EIC of ESPN's Undefeated  —  The Los Angeles Times has named veteran journalist Kevin Merida as its top editor and tasked him with transforming the storied 139-year-old newspaper into a digital powerhouse that thrives for decades to come.
Sara Fischer / Axios:
Twitter to launch ad campaign to promote local journalism, starting with 28 full-page ads in local papers across the Gannett/USA Today and McClatchy networks  —  Twitter on Monday will launch a major advertising and social media campaign urging people to follow local journalists and support their work.
David Folkenflik / NPR:
Upstart digital news site The Colorado Sun says it acquired 24 suburban newspapers around Denver, with the backing of the National Trust for Local News  —  group of disheartened former Denver Post editors and reporters launched an upstart news site two-and-a-half years ago, called it The Colorado Sun …
Oliver Darcy / CNN:
WaPo, NYT, and NBC News issue significant corrections, retracting earlier reporting that said Giuliani and OAN had been warned by the FBI about Russian disinfo  —  New York (CNN Business)The Washington Post, The New York Times, and NBC News on Saturday issued significant corrections …
Alex Weprin / Hollywood Reporter:
Amazon strikes deal for exclusive rights to Thursday Night Football starting in 2022, one year earlier than first planned, buying out games set to air on Fox  —  Fox will drop ‘Thursday Night Football’ starting in 2022, with the tech giant set to take over exclusive video rights.
Cynthia Littleton / Variety:
Gray Television says it will acquire Meredith's local media group for $2.7B in cash; Meredith's National Media Group will be spun out as a standalone company  —  Atlanta-based Gray Television has reached a deal with Meredith Corp. to acquire 17 TV stations for $2.7 billion.
Dade Hayes / Deadline:
Fox's free streaming service Tubi says it will launch 140 hours of original programming in the fall, and its total view time in Q1 grew by 54% YoY  —  Tubi, Fox Corp.'s free, ad-supported streaming service, will enter the original programming arena this fall.
Margaret Sullivan / Washington Post:
As big Sunday news shows continue to invite Republicans who tried to overturn the election, some local outlets regularly remind their audience during news items  —  The journalists at WITF, an all-news public radio station in Harrisburg, Pa., made a perfectly reasonable decision a few months ago.
Variety:
A look at compensation for CEOs and key decision-makers at Comcast, Disney, Netflix, Fox, and AT&T in 2020, after splashy announcements of pandemic pay cuts  —  Do media barons believe in shared sacrifice?  When the COVID-19 pandemic hit in 2020, several CEOs made headlines …
Discussion: @variety, @variety, @variety and Digiday
James Hale / Tubefilter:
YouTube says it will begin withholding US federal income tax from all creator revenue generated by US-based viewers, due to changes to US Internal Revenue Code  —  In the coming months, YouTube will begin deducting United States federal income tax from all creator revenue generated by U.S.-based viewers.
Megan Graham / CNBC:
Roku's ad sales boss Alison Levin on how the company steered through the pandemic, seeing mass cancellations at first but then rebounding with a record quarter  —  - Roku saw a massive hit with cancellations in March at the beginning of the pandemic, letting businesses out of deals as they saw fit.
 
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 More News: 
Ingrid Lunden / TechCrunch:
PortalOne raises $15M seed from Atari, Founders Fund, Twitch co-founder Kevin Lin, and others for its hybrid gaming/TV show app, coming out of closed beta soon
Ben Sisario / New York Times:
Grammys governing body voted on Friday to drop anonymous nominating committees, after backlash; The Weeknd applauds the change but will not lift his boycott
Chris Young / The Reporters Committee …:
RCFP's 2020 US Press Freedom report: police were responsible for 80% of assaults at protests, affecting 324 reporters, with 195+ seemingly deliberately targeted
Joel Simon / Columbia Journalism Review:
Of the 60+ journalists CPJ and RSF helped evacuate from Daraa, Syria, only ~6 remain in journalism, including 4 who started Spain's first refugee-run news site
 Earlier Picks: 
Cathy Burke / New York Daily News:
Workers at the New York Daily News voted on Friday to join The NewsGuild of New York in an election verified by the NLRB with a vote of 55-3
Keith J. Kelly / New York Post:
WNYC lays off 14 staff members, including Gothamist EIC, saying a 27% plunge in sponsorship funding during the pandemic had left it with “a sizeable deficit”
Bente Birkeland / Colorado Public Radio:
Newsmax settles with a Dominion Voting Systems staffer after airing false claims of voting machine manipulation, issuing an apology; the staffer dropped suit
Dorany Pineda / Los Angeles Times:
Joshua Wolf Shenk resigns as EIC of The Believer magazine and from Black Mountain Institute posts, saying he made a dumb choice about attire for a Zoom meeting