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3:05 PM ET, May 5, 2021

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 Top News: 
Oversight Board:
Facebook Oversight Board upholds Trump's suspension, but asks Facebook to review the decision within six months to determine a penalty consistent with its rules  —  The Board has upheld Facebook's decision on January 7, 2021, to restrict then-President Donald Trump's access to posting content on his Facebook page and Instagram account.
Discussion: About Facebook, @oversightboard, Columbia Journalism Review, Axios, Ad Age, CNBC, The Wrap, New York Times, Mediaite, Reuters, Washington Post, USA Today, New York Times, @nick_clegg, @issielapowsky, Mediaite, The Verge, The Daily Beast, The Guardian, MediaPost, Insider, The Guardian, Wired, CNBC, The Atlantic, CNN, CNET, Brookings, @usatoday, Media Matters for America, CyberDisobedience, Politico, @hawleymo, @jaketapper, @karaswisher, TechCrunch, Fast Company, Vanity Fair, MIT Technology Review, Slate, AppleInsider, Protocol, Los Angeles Times, Vox, Gizmodo, New York Post, The Guardian, Wall Street Journal, @jeffjarvis, @mikeisaac, @owenthomas, @slpng_giants, @brianstelter, @oliverdarcy, @jeffbercovici, @yashar, @donie, @kurtwagner8, @brandyzadrozny, @ceciliakang, @jonathanvswan, @base10, @alexhern, @jeffjarvis, @mikeisaac, @digiphile, @repadamschiff, @robertmooreitv, @jamesrbuk, @sarafischer, @ceciliakang, @dylanbyers, @bplewis, @blakereid, @caseynewton, @jason_kint, @adamserwer, @garettsloane, @mikeisaac, @tonyromm, @chriswelch, @kurtwagner8, @zaleskiluke, @frankpallone, @silvermanjacob, @jimsciutto, @jess, @joannastern, @lawrencehurley, @mtracey, @jason_pontin, @chrislu44, @keithedwards, @jonathanvswan, @meridithmcgraw, @samuelstolton, @naacp, @cwarzel, @dylanbyers, @goangelo, @kurtwagner8, @can, @jason_pontin, @shiraovide, @stevedeaceshow, @mikeisaac, @arusbridger, @jeffbercovici, @eschulze, @jeffjarvis, @broderick, MediaNama and Boing Boing, more at Techmeme »
RELATED:
Politico:
After teasing a new social media platform, Trump debuts a new section on his website that's effectively a blog  —  Former President Donald Trump launched a new blog Tuesday to get his message out to users, a task that's been complicated by his bans from Facebook, Twitter and other social media platforms.
Margaret Sullivan / Washington Post:
The Oversight Board's decision on Trump's Facebook ban failed to send a clear message that a powerful public official can't use Facebook to endanger the public  —  In more than 1,400 posts from Jan. 1, 2020 and Jan. 6, 2021, Donald Trump used Facebook to spread false information with devastating consequences for the country.
Katharine Viner / The Guardian:
On the Guardian's 200th anniversary, its EIC lays out her vision for the newspaper in its third century and what role media can play in a post-pandemic world  —  On the Guardian's 200th anniversary, our editor-in-chief sets out how media can help rebuild a better world beyond Covid
Edmund Lee / New York Times:
NYT added 301K digital subscribers in Q1, the slowest gain in over a year, for a total of 6.9M digital subs and 7.8M total subs, with profit up 54% YoY to $68M  —  The publisher added 301,000 digital subscribers for the first quarter, the slowest gain in over a year.  Profits jumped, beating Wall Street expectations.
Shoshana Wodinsky / Gizmodo:
Signal says Facebook shut down its ad account over an Instagram ad campaign that showed the user data Facebook used in targeting the ads  —  A series of Instagram ads run by the privacy-positive platform Signal got the messaging app booted from the former's ad platform, according to a blog post Signal published on Tuesday.
Larry McShane / New York Daily News:
A New York Daily News reporter asks for a committed New York City owner to rescue the newspaper from “visiting vulture” Alden Global Capital  —  Like any good tabloid headline, it's simple, snappy and succinct: DAILY NEWS NEEDS NEW OWNER.  —  And not just any owner: a New York owner …
Sarah Scire / Nieman Lab:
Scroll's 13-person team will work on integrating the product into a Twitter subscription service; a Twitter team hopes to build the best of Nuzzel into Twitter  —  But we have bad news.  The acquisition means that the handy news aggregator Nuzzel will be shut down.
RELATED:
Dieter Bohn / The Verge:
Twitter buys Scroll, the $5/month service that removes ads from partner news sites; Scroll's Nuzzel email service will shut down on May 6
Brad Stone / Bloomberg:
How Jeff Bezos beat the National Enquirer by casting himself as a sympathetic defender of the press fighting a political conspiracy by AMI and Trump's allies  —  When a gossip rag went after the CEO, he retaliated with the brutal, brilliant efficiency he used to build his business empire.
Rebecca Rubin / Variety:
Netflix will release upcoming zombie thriller Army of the Dead at 200 Cinemark locations before streaming debut, its first wide release at a major theater chain  —  Netflix and movie theaters are finally playing nice — and all it took was a global pandemic to turn these antagonists into friends.
Thomas Seal / Bloomberg:
Former Dow Jones CEO Will Lewis launches The News Movement, an outlet focused on delivering objective news to mass audiences on social media  —  - Will Lewis venture aims to tackle misinformation crisis  —  A former chief executive officer of the Dow Jones financial news service, Will Lewis …
Discussion: @travelinganna and @tw_seal
Taylor Lorenz / New York Times:
Profile of MrBeast, the most subscribed YouTuber in the US, who took a bumpy road to fame through stunt philanthropy, as he branches out into other businesses  —  Jimmy Donaldson, 22, is out to become the Elon Musk of online creators.  —  Jimmy Donaldson, 22, a YouTube megastar better known as Mr. Beast …
 
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 More News: 
Damien Wilde / 9to5Google:
YouTube says Shorts, its TikTok rival, will roll out to all US-based creators next week, after testing in beta in March
Mike Juang / Ad Age:
IAB: CTV ad spend outpaced mobile and desktop video in 2020, reaching ~$20M/advertiser, up 22% YoY; 73% of buyers said they moved funds from broadcast budgets
Discussion: Beet.TV
 Earlier Picks: 
Reuters:
Thomson Reuters beat Q1 estimates, with total sales up 4% to $1.58B and overall profit rising by a third to $387M; Reuters News grew sales by 2% to $160M
Todd Spangler / Variety:
YouTube announces new series with Will Smith, Alicia Keys, and other big names as it emphasizes its large reach during an event for potential advertisers
Michael M. Grynbaum / New York Times:
Yamiche Alcindor, the White House correspondent for PBS NewsHour and once a frequent target of Trump's ire, will become host of the PBS show Washington Week