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9:15 AM ET, May 26, 2021


 Top News: 
Robert Channick / Chicago Tribune:
SEC filing: Alden took out two loans, totaling $278M, in the Tribune Publishing deal and removed CEO Terry Jimenez; Tribune was debt-free  —  It didn't take long for Alden Global Capital to put its imprint — and significant debt — on Tribune Publishing, after closing its $633 million acquisition …
Annie Palmer / CNBC:
Amazon says it will acquire MGM Studios for $8.45B  —  - Amazon is buying MGM Studios, the companies announced, marking Amazon's most ambitious move yet into the entertainment business.  — The acquisition is Amazon's second-largest acquisition since it paid $13.7 billion for Whole Foods in 2017.
Katie Robertson / New York Times:
Over 200 academics, journalists, and sports figures including UNC alumni sign a letter criticizing UNC's failure to give Nikole Hannah-Jones tenure  —  More than 200 writers and cultural figures signed a letter opposing the University of North Carolina's failure to give the Times Magazine correspondent tenure with her position there.
Erik Wemple / Washington Post:
Emily Wilder was wronged by AP editors, who were less concerned with work product than about “appearances”, defined by groups like Stanford College Republicans  —  On May 18, the Associated Press reported on the arrest of an arson suspect over a Los Angeles wildfire …
David Bauder / Associated Press:
AP says it's starting a review of its social media policies, asking staff for suggestions, and hopes to have a committee presenting recommendations by September
Mark Stenberg / Adweek:
Axios says its Local program now has 350,000+ subscribers and is on pace to generate between $4M and $5M by the end of 2021  —  Led by Axios, local is going national.  The “smart brevity” news publisher announced Monday that it planned to expand the number of cities it serves as part …
Discussion: @dylanbyers
Benjamin Mullin / Wall Street Journal:
In a staff meeting, Jeff Zucker said a CNN streaming platform will launch within the next year, and he defended the lack of a suspension for Chris Cuomo  —  President Jeff Zucker also said during a town hall that he would consider his future at the cable network given CNN parent company's merger with Discovery
Ray Schultz / MediaPost:
The Economist launches its first online course, on politics, business, and tech, for £1,475, or $2,087, with experts including former Google CEO Eric Schmidt  —  The Economist is launching its new online executive education program, Economist Education, on Wednesday.
Sarah Rappaport / Bloomberg:
How London theaters have adapted to lockdowns, quickly expanding streaming offerings; over 100,000 people in 90 countries paid up to $90 for an Old Vic show  —  - 3D cameras, interactive technology help to win over skeptics  — Viewers in 69 countries pay up to $90 for Claire Foy Zoom show
Amanda Meade / The Guardian:
Australia's ABC signs letters of intent with Google and Facebook for payments under news media bargaining code, one of the last media organizations to sign up  —  The broadcaster's managing director says the agreements under Australia's media code ‘will provide a huge boost to the regions’
Discussion: @saffronhowden
Chinese gaming company NetEase's music streaming arm files for an IPO in Hong Kong, that source says could raise ~$1B; filing shows it had 180M+ MAUs in 2020  —  - CICC, Credit Suisse and BofA are working on the offering  — Co. has secured licensing deals with Universal Music, Sony
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 More News: 
Chris Willman / Variety:
OneOf, a music-focused NFT marketplace backed by Quincy Jones, raises $63M in seed, says its Tezos blockchain protocol uses less energy to mint NFTs than others
Canadian Press:
Facebook has signed deals with 14 Canadian publishers to pay for the ability to link to their news stories that are not already posted on its platform
 Earlier Picks: 
Sara Fischer / Axios:
AP and FanDuel sign an agreement to make FanDuel the exclusive provider of sports odds across the AP's global sports report
Sara Fischer / Axios:
Sources: NYT is looking into a full acquisition of The Athletic, not a merger or a joint venture
Times of India:
Delhi police visited two Twitter offices in India after demanding Twitter explain why a “manipulated media” tag was given to a BJP spokesperson's tweet
David McCabe / New York Times:
A new Florida law regulates how Twitter, YouTube, and others moderate speech, with fines for banning candidates; the law exempts companies that own theme parks