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4:05 PM ET, October 4, 2021

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 Top News: 
Jessica Bursztynsky / CNBC:
RELATED:
Ben Smith / New York Times:
How the charm of Ozy's chief, Carlos Watson, helped persuade investors into putting millions toward a media dream before conducting sufficient due diligence  —  The story behind the story is about the elite investors who plowed millions into a media dream without much due diligence, persuaded by the charm of Ozy's head, Carlos Watson.
Craig Silverman / @craigsilverman:
[Thread] A look at why Ozy failed as a paid media company and has become a perfect, cautionary illustration of paid versus earned media  —  The Ozy Media meltdown has a lot of lessons. As the reporter who caught them buying junk traffic in 2017, I'm biased. But I see it as a perfect, cautionary illustration of Paid versus Earned media. So: a 🧵 on why Ozy failed as a paid media company — and why it matters.
Sara Fischer / Axios:
Sources: Ozy inflated its numbers by buying most of its social media following and viewership for some shows, then used the numbers in pitches to TV networks  —  The downfall of Ozy Media and its charismatic founder Carlos Watson will go down as one of the most sudden media collapses of all time.
David Folkenflik / NPR:
Ozy CEO Carlos Watson resigns as a corporate director of NPR, just before the board's governance committee meeting to weigh his future with NPR
Todd Spangler / Variety:
Disney says Hulu president Kelly Campbell has left after less than two years in the role  —  Campbell's departure was announced to staff by Rebecca Campbell, Disney's chairman of international operations and direct-to-consumer.  Kelly Campbell's direct reports at Hulu will report to Rebecca Campbell …
Sarah Whitten / CNBC:
Members of the IATSE union, representing backstage movie and TV workers, authorize a strike after trying to negotiate a larger streaming revenue share and more  —  - Hollywood's backstage union workers voted to authorize an industry-wide strike.  — This vote comes after months …
Amitha Kalaichandran / Poynter:
How editors can better assess the credibility of experts and raise standards for op-eds, as contrarian viewpoints on COVID-19 flood opinion sections  —  An influx of contrarian viewpoints on COVID-19 policy in mainstream opinion journalism could have dire consequences on how the pandemic plays out.
Max Willens / Digiday:
News app Newsbreak, which claims 45M MAUs, hires Snap's Xana O'Neill as head of original content as it tries to boost its nearly 3,000-strong creator program  —  After about a year of trying to get into the original content business, Newsbreak is unofficially starting over.
Charlotte Tobitt / Press Gazette:
Filings: The Spectator doubled pre-tax profits to £1.6M in 2020, as turnover rose 15% to £16.3M and subs grew 40%, compensating for lost newsstand and ad sales  —  The Spectator more than doubled its pre-tax profits in 2020 as a 40% boost to subscriber numbers balanced out challenges …
Sam Shead / CNBC:
Filing: TikTok's European revenue grew 545% YoY to $170.8M in 2020 as losses soared to $644.3M, up from $118.7M in 2019; headcount grew to 1,294 from 208  —  - TikTok's turnover in Europe grew 545% to $170.8 million last year as advertisers upped their spending on the platform …
Todd Spangler / Variety:
YouTube TV and NBCUniversal renew their carriage deal; YouTube TV's price will remain the same and Peacock Premium will not be bundled with the service  —  YouTube TV said the price of the internet-television package will remain the same.  In reaching the carriage renewal …
The Guardian:
ICIJ, The Guardian, BBC, Le Monde, and WaPo publish the Pandora Papers, a trove of 11.9M files from companies hired by the wealthy to set up offshore accounts  —  Millions of documents reveal offshore deals and assets of more than 100 billionaires, 30 world leaders and 300 public officials
 
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 More News: 
The Guardian:
UK culture secretary attacks “nepotism” and “group think” at BBC, links its next license fee settlement to its ability to draw a more socially diverse workforce
Angela Fu / Poynter:
Several current and former Gannett journalists share stories about unpaid overtime, after NewsGuild said it was investigating Gannett's workplace culture
Clark Merrefield / Nieman Lab:
Studies show the enduring influence of local TV news, still among the most trusted ways US residents get news, and examine tech's impact and Sinclair's growth
 Earlier Picks: 
Brandon Katz / Observer:
A look at Apple's TV+ progress and strategy as it navigates a crowded streaming video market
Dan Froomkin / Press Watch:
NYT's Congressional coverage once again overhyped conflict among Democrats and reached subjective, unsupported conclusions
Kim Cross / Nieman Storyboard:
Q&A with The Atlantic's Ed Yong on interviewing sources that range from top scientists to the hands-on nurse in a hospital during the pandemic
Josef Adalian / Vulture:
South Korean show Squid Game, topping Netflix charts in 90 countries, vindicates Netflix's strategy of creating franchises using content from around the world