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5:15 PM ET, May 15, 2023

Mediagazer

 Top News: 
Rahat Sandhu / Reuters:
Vice files for bankruptcy and agrees to sell its assets to lenders, including Fortress and Soros Fund, for ~$225M; assets and liabilities are $500M to $1B  —  Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale …
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A.G. Sulzberger / Columbia Journalism Review:
The NYT's publisher discusses the importance of journalistic independence and objectivity, which he says can be achieved only by being prepared to upset people  —  The debate around “objectivity”—if that's even the right word, anymore—has become among the most contested in journalism.
Jonathan Lai / The Philadelphia Inquirer:
The Philadelphia Inquirer is hit by a cyberattack, affecting weekend operations and causing the largest disruption since 1996; restoration timelines are unclear  —  The Philadelphia Inquirer and outside cybersecurity experts continued Sunday to scramble to restore systems …
Charlotte Tobitt / Press Gazette:
Jimmy Finkelstein debuts his free-to-read digital news outlet The Messenger, which reportedly aims to generate $100M+ in 2024 revenue and hire ~550 journalists  —  The Messenger aims to make $100m in revenue next year with up to 550 journalists.  —  Jimmy Finkelstein's digital news start …
Connie Wang / New York Times:
How TV news anchor Connie Chung on CBS and NBC inspired the first names of many girls among Asian families in the 1980s and 1990s, and how some met in person  —  It was on my first day of college at the University of California, Berkeley, when I started to realize there were more of us out there.
Rory Carroll / The Guardian:
The Irish Times apologizes for running an opinion piece on May 11 about women's use of fake tan that was submitted by a hoaxer who created the article using AI  —  The piece ran on 11 May and accused people who use fake tan of mocking those with naturally dark skin
Alex Griffing / Mediaite:
Report: CNN CEO Chris Licht and three executives told Oliver Darcy and his editor that Darcy's Donald Trump town hall critical coverage had been “too emotional”  —  CNN media reporter Oliver Darcy was reportedly scolded by his boss Chris Licht, the chairman and CEO of the network …
Jared Newman / Fast Company:
Pluto TV co-founder Ilya Pozin's Telly opens a waitlist to give away 500K 55-inch 4K HDR TVs, which have a second screen for constantly showing ads, in 2023  —  Would you take a free TV if it constantly ran banner ads beneath everything you watched?  —  That's the proposition for Telly …
Sara Fischer / Axios:
Sources: non-US investors may substantially pay for Forbes' takeover; Austin Russell committed $100M-$200M and is in talks to have Sun Group invest $200M-$300M  —  Forbes agreed to sell itself in a deal that makes it look like the iconic magazine brand is staying in American hands.
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Sara Fischer / Axios:
EV company Luminar's CEO Austin Russell acquires an 82% stake in Forbes, a source says at an ~$800M valuation; sources: Sun Group, GSV, and others back the bid
Kelly McBride / Poynter:
Q&A with The Washington Post's Robert Samuels and Toluse Olorunnipa, whose His Name Is George Floyd won the 2023 Pulitzer Prize for general non-fiction book  —  Robert Samuels and Toluse Olorunnipa discuss writing the richly detailed book about George Floyd's life that won the Pulitzer Prize
Malcolm Harris / Wired:
A profile of Douglas Rushkoff, an internet theorist and a former techno-optimist who says his life's work is examining how power travels across media landscapes  —  The former techno-optimist has taken a decisive political left turn.  He says it's the only human option.
 
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 More News: 
Todd Spangler / Variety:
MoffettNathanson: US pay TV users fell 7% YoY to 75.5M in Q1 2023, with household penetration at 58.5%, the lowest level since 1992; only YouTube TV grew in Q1
Lucas Shaw / Bloomberg:
Antenna: ~25% of US subscribers to Netflix, Disney+, and HBO Max in February 2023 chose ads; ~58% of US subscribers pay for at least one ad-supported service
Justine Bateman / @justinebateman:
[Thread] A former SAG board and negotiating committee member talks about AI and how the tech will affect actors, calling for strong rules to address AI concerns
 Earlier Picks: 
Alex Weprin / The Hollywood Reporter:
A chaotic year has upended media companies' upfront presentations to woo advertisers, amid top executive departures, the writers' strike, cord cutting, and more
Lillian Rizzo / CNBC:
Elon Musk names ex-NBCUniversal ad chief Linda Yaccarino as Twitter's CEO, to focus on business operations; Musk will focus on “product design & new technology”
Brian Stelter / @brianstelter:
[Thread] On May 11's editorial call, CNN's Chris Licht says Kaitlan Collins “made a lot of news” and “America was served very well by what we did last night”