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7:45 AM ET, May 27, 2021

Mediagazer

 Top News: 
Jeremy Barr / Washington Post:
In a meeting with staff, AP execs said they made mistakes in Emily Wilder's firing and tried to reassure staffers that AP will protect them from threats online  —  The news service is facing criticism and internal dissent for terminating a junior staffer based on her social media activity.
RELATED:
Janine Zacharia / Politico:
The most urgent issue in Emily Wilder's firing is that a reporter was targeted in order to create the perception that AP is biased against Israel, and AP caved  —  When one young journalist was fired, the incident revealed a problem deeper than bad social media policies.
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
New York Times:
Amazon paid a premium over other potential MGM buyers, including Apple and Comcast, to bolster Prime when old-line studios are less willing to license libraries  —  Metro-Goldwyn-Mayer, while diminished, commanded a premium price, with Amazon seeking to bolster its crucial Prime membership offering.
RELATED:
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.
Peter Kafka / Vox:
With its MGM acquisition, Amazon doesn't want to compete with streamers like Netflix but reduce Prime subscriber churn by providing enough blockbuster content
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 …
RELATED:
David Folkenflik / @davidfolkenflik:
[Thread] Union members at multiple Tribune newspapers say they have been told that Alden Global Capital intends to seek voluntary buyouts company-wide
Christopher Mathias / HuffPost:
A writer whose posts about detective novels appeared in Vice and The Atlantic used pen names to post white nationalist screeds online and at sites like VDare  —  Benjamin Welton uses pen names to write racist articles.  He's also a teacher, PhD student, and freelance writer for major media outlets.
Brett Molina / USA Today:
Philo announces plans to increase its monthly price from $20 a month to $25 a month for new subscribers, starting June 8  —  Another streaming service is planning to raise prices, but the hike will only impact new subscribers.  —  Philo announced Tuesday plans to increase its monthly price …
Discussion: FierceVideo
Paul Vieira / Wall Street Journal:
Canada weighs a measure that would require Netflix, Spotify, YouTube, TikTok, and others to use part of their revenue to fund Canadian shows, movies, and music  —  Bill would force video-sharing platforms to feature more Canadian artists; critics call it an attack on free speech
Discussion: The Information
Jay Peters / The Verge:
Twitter says users can now join Spaces via desktop and mobile web browsers, but can't host rooms on the web just yet  —  You can't host rooms yourself on the web just yet, though  —  You'll be able to join Twitter's Clubhouse-like Spaces from desktop and mobile web browsers starting Wednesday …
Brian Armstrong / The Coinbase Blog:
Coinbase CEO Brian Armstrong announces Fact Check, a section of the Coinbase blog to combat misinformation and mischaracterizations about Coinbase or crypto  —  Every tech company should go direct to their audience, and become a media company.  —  As Coinbase and the cryptoeconomy grow …
John Hopewell / Variety:
HBO Max shares details of its June 29 launch in Latin America and the Caribbean, at a starting price of $3/month, including UEFA Champions League soccer games  —  Presenting its plans for Latin America on Wednesday at an online pre-launch presentation, HBO Max may have just given an inkling …
Steven Strom / Fanbyte:
Sources: IGN staffers say morale is at an all-time low after Ziff Davis' president characterized a dispute over a post takedown as purely an editorial issue  —  “Our morale has never been this low,” IGN employees say a week after confronting their parent company.  At stake: editorial independence.
 
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 More News: 
Mark Sweney / The Guardian:
Amazon partners with UK's National Theatre to stream four high-profile stage shows, including Phoebe Waller-Bridge's Fleabag, available in the UK and Ireland
Sarah Perez / TechCrunch:
Instagram launches a new shopping section called Drops, helping users find limited supply products, and will temporarily waive fees due to COVID-19
Jake Rudnitsky / Bloomberg:
Ivi.ru, Russia's most popular video streaming service, raises $250M from VTB Group, Roman Abramovich, and others, after pausing IPO plans earlier this year
 Earlier Picks: 
Sarah Perez / TechCrunch:
Facebook and Instagram now give users options to hide Like counts across all posts and to hide their own public Like counts from others
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
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