Mediagazer: Ozy investor LifeLine sues the outlet, claiming it failed to disclose pertinent information in February, prior to LifeLine's $2M+ investment (New York Times)

8:35 PM ET, October 5, 2021

Top News:

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.”

Discussion: Insider, New York Magazine, @katie_robertson, Gawker, New York Times, Deadline, Axios, Newser, The Daily Beast, The Wrap, @pomeranian99, @benyt, @jbenton, @sruhle, @jbenton, @jacq_thomsen, @jpmanga, @benyt, @patrickcoffee, @danprimack, @danprimack, The Daily Beast, Bloomberg, Poynter, Variety and @craigsilverman

Jessica Bursztynsky / CNBC:
Carlos Watson says Ozy Media is not shutting down after having “good conversations” with investors and advertisers and Friday's announcement was “premature”

Discussion: @todayshow, @benyt, @sarafischer, The Hill, Nieman Lab, New York Times, Axios, @sarafischer, @brianstelter, MarketWatch, @mccarthyryanj, @digidave, @laurenwilliams, @geedee215, Los Angeles Times, @ezraklein, MediaPost, Poynter, @alexweprin, @jason_kint, @craigsilverman, @film_girl, @jbarro, @noahshachtman, @mathewi, @andrewpauljoyce, @maxwelltani, @_cingraham, @sarafischer, @brianstelter, @chrislhayes, @kaidiekmann, @jeremymbarr, @neontaster, @benyt, @brianstelter, @joefav, @brianstelter, @sarafischer, @digitalshields, Axios, CNN, @sarafischer, @chronotope, @kerrymflynn, @marisakabas, @bmorrissey, @digitalshields, @craigsilverman, @sarafischer, @sarafischer, @jayrosen_nyu, @nycjim, @sherman4949, @phkeane, @alexweprin, @juddlegum, @danprimack, @sherman4949, @alexweprin, @alexyoung, @squawkcnbc, @tomgara, @goldietaylor, @cnbc, @millie, Defector, @sarafischer, @brianstelter, Ad Age, Associated Press, Substack, Quartz, Vanity Fair, The Wrap, TVNewser, bookforum.com, The Daily Beast, Insider and Variety

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

Discussion: New York Times, Washington Post, Gawker, @justinjm1, @craigsilverman, Eduwonk, Columbia Journalism Review, Mediaite, @byjoelanderson, @youngsinick, @craigsilverman, @heerjeet, The Wrap, @benyt, @talkopan, @ketanj0, @lyssaslounge, @rameeztase, @trungtphan, @jamesrbuk, @nkulw, @craigsilverman, @benyt, The Commercial Experience, insideradio.com, @benyt, Today in Tabs, @rolandsmartin, TODAY.com, @craigsilverman, @reckless, @mattwelch, @jduffyrice, @jdesmondharris, @chrisecrowley, @jeremymbarr, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, @jodyavirgan, @geedee215, @amlwhere, @gentlemanstimes, @lpolgreen, @daveweigel, @jeremymbarr, @felixsalmon, @jessicalessin, @donlday, @akbarth3great, @jswatz, @annehelen, @jswatz, @bendwalsh, @escarry, @sharonwaxman, @aymanm, @oliverdarcy, YouTube, American Press Institute, @sonnybunch, @davepell, @ccadelago, @vivian, New York Magazine, @benyt, Newser, Boing Boing, @craigsilverman, Look What You Made Me Do and @sarafischer

Chaim Gartenberg / The Verge:

Twitter is shutting down Scroll in about 30 days, will roll the ad-free subscription web service into its Twitter Blue subscription as Ad-Free Articles — Scroll won't be available as an independent service anymore — Scroll's ad-free subscription web service is shutting down as an independent entity in …

Discussion: TechCrunch and @kerrymflynn, more at Techmeme »

Laura Hazard Owen / Nieman Lab:

Daily Mail Online ran a lawyer's full tweet thread as a sidebar to another story, then after he complained, put the tweets into the main story and paid him — On Tuesday Adam Wagner, a British human rights lawyer and law professor, wrote a tweet thread in response to a BBC article …

Discussion: Daily Mail, BBC, @estherbeadle, @b_judah, @willperrin, @quinnypig, @twlldun, @peterkgeoghegan, @emilybell, @eaton, @laurahazardowen, @michaelroston, @abeaujon, @lisataljard, @rasmus_kleis and @rasmus_kleis

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 …

Discussion: @_claireconnelly, @olgakhazan, @scottbrodbeck, @saksappeal, @saahil_desai, @jeremylittau, @novy_williams, @drewmagary, @jameslfredrick, @choire and Boing Boing

Justin Baragona / The Daily Beast:

In a deposition, Rudy Giuliani says OANN reporter Christina Bobb, who also volunteered for the Trump legal team, had to run any stories she had by the campaign — The ex-New York City mayor said in a deposition that Christina Bobb, who volunteered for the Trump legal team after the election, had to run her stories by the campaign.

Discussion: @dangillmor, Mediaite, @mattsheffield and @joshuahol

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 …

Discussion: CNET, @mgsiegler, Adweek, 9to5Mac and The Verge, more at Techmeme »

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.

Discussion: @princetonupress, @nytimesbooks, @petersgoodman, @studiojjk, bookforum.com, @vermontgmg, @benjysarlin, @nicolesjchung, @johnghendy and @likaluca

Kristen Hare / Poynter:

News Revenue Hub, with Google News Initiative support, will release News Revenue Engine as open source software in 2022, with Stripe and Mailchimp integrations — News Revenue Hub and Google News Initiative will release News Revenue Engine early next year — The newsroom part of building …

Discussion: The Keyword, MediaPost, News Revenue Hub and @dw_grant

@theappeal:

[Thread] The Appeal starts a weekly newsletter and says it will relaunch its news site about the criminal legal system as a worker-led nonprofit in November — The Appeal is back! Thanks to our generous supporters and the hard work of our transition team, the workers have officially taken over The Appeal. Read our public statement below. Donate to support our relaunch here: https://trypico.com/... https://twitter.com/...

Discussion: @nickpwing, @attackerman, @katzonearth, @thetinavasquez, @deadlinederek, @taniel, @oakmorr, @macarthrjustice, @elizabethweill, @newsguild, @annafsimonton, @chatfieldkate, @jerryiannelli, @steve_vladeck, @theappeal, @theappeal, @theappeal and @froomkin

Joseph Bernstein / BuzzFeed News:

Profile of Matt Swider, US EIC of TechRadar, who went from 8,000 Twitter followers in January 2020 to over 950K by sharing tips on how to buy a PlayStation 5 — A year ago, Matt Swider was a journeyman consumer tech reporter. Now he's a celebrity. — Copy

Discussion: @dancow, @buzzfeednews, @saschasegan, @choire, @bernstein, @anildash, @darrenhayes, @dancow, @jorgex, @mattswider, @jonlovett and @bernstein

Michael Karam / Report for the World:

Report for the World launches in Brazil and partners with two more newsrooms in India and Nigeria, bringing the total corps size to 15 journalists — BOSTON — Report for the World announced today that it has more than doubled the size of its program, less than a year since launching in February …

Discussion: @report4theworld, @report4theworld and @khushbuoshea

Adam Johnson / The Column:

Major networks' coverage of the reconciliation bill has focused on the “showdown” between progressives and moderates, rather than on the bill's contents — The public is left with vague reporting about a “$3.5 trillion” “price tag” that should be “slimmed down,” …

Discussion: New York Daily News, @adamjohnsonnyc, Media Matters for America, @spencerdcole and Mediaite

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