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2:40 PM ET, October 5, 2021

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Jessica Bursztynsky / CNBC:
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New York Times:
Ozy investor LifeLine sues the outlet, claiming it failed to disclose pertinent information in February, prior to LifeLine's $2M+ investment  —  A fund manager that invested more than $2 million in Ozy Media filed a lawsuit on Monday, claiming that the company “engaged in fraudulent, deceptive and illegal conduct.”
Eugene S. Robinson / Look What You Made Me Do:
Ozy's former editor-at-large recalls Carlos Watson's abusive management style and says there was a white Ozy and a Black Ozy, where employees were treated worse  —  “And in regards to your little music thing...” It was both a dressing down, very possibly Dressing Down #37, and a pep talk.
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
Elizabeth A. Harris / New York Times:
The disruption of global supply chains has reached the publishing industry, causing shipping delays and printer backups, exacerbated by worker shortages  —  Shipping delays, printer backups and worker shortages are forcing publishers to postpone new titles and leaving booksellers in a lurch for some old ones.
Defector:
In annual report, Defector says 80%+ of subscribers are on annual plans, of which ~85% renewed subscriptions, and advertising on Twitter was “very unpleasant”  —  Purpose of this report  —  Annual reports are usually created to provide insight into a company's business operations …
Sarah Perez / TechCrunch:
Instagram ditches the IGTV brand and combines IGTV's long-form videos and Instagram Feed videos into a new Instagram Video format; Reels is unaffected  —  Instagram head Adam Mosseri recently said was “no longer a photo-sharing app,” noting the company was prioritizing a shift …
Daniel Lippman / Politico:
Seven foreign journalists fired from USAGM during former CEO Michael Pack's term sue the agency for breach of contract and wrongful termination  —  Seven foreign journalists working for the U.S. Agency for Global Media who were fired by the Trump administration have sued the agency for breach of contract and wrongful termination.
Discussion: @ewong, @dlippman, @dlippman and @dlippman
Jessica Toonkel / The Information:
Sources: The Athletic lost around $100M between 2019 and 2020, exceeding its $73M in revenue over the same period  —  Digital sports news firm The Athletic hemorrhaged nearly $100 million cash between 2019 and 2020, according to a presentation prepared for investors, exceeding the $73 million …
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 …
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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