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What We’re Reading
We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
December 14, 2018
“For months, The Weekly Standard’s leadership had butted heads with MediaDC, and the two parties had previously agreed to allow [editor-in-chief Stephen] Hayes to search for a new owner, people familiar with the matter told CNN earlier this month. Hayes conducted a search, according to those people, but MediaDC recently informed The Weekly Standard that it was no longer interested in selling.”
CNN Business / Oliver Darcy / Dec 14
“He’s now on a hunt for material to serve Medium’s paying subscribers. ‘We are going to significantly increase our investment in original editorial in the next year,’ Williams, said in a statement.”
Bloomberg / Emily Chang, Gerry Smith and Felix Gillette / Dec 14
42,780 people chipped in a median donation of $30, setting a new world record for the number of backers in a journalism crowdfunding campaign. (Appearances on The Daily Show and CNN might’ve helped.) They plan to start publishing in mid-2019.
Medium / Ernst Pfauth / Dec 14
“While they’re happy with the audiences their shows have drawn, the news executives complain that the ad revenue has been underwhelming…. Facebook is paying media firms anywhere from $2 million for 12 months of programming to more than $10 million, according to people familiar with the matter.”
The Information / Jessica Toonkel, Tom Dotan, and Beejoli Shah / Dec 14
“It’s a model the TV guys are familiar with: Amazon has been doing something similar for a few years, and Apple is looking to do the same thing next year.”
Recode / Peter Kafka / Dec 14
“The review, mandated by Congress every four years, includes no specific policy proposals, but will take public comment on whether changes are warranted. The FCC will also review rules that restrict the number of radio and TV stations an entity can own in a single market, and other provisions to promote diversity in ownership.”
Variety / Ted Johnson / Dec 14
“The online video platform said 72 percent of the videos removed for violating guidelines in the latest quarter were ‘spam or misleading,’ 10.2 percent were removed out of concern for ‘child safety’ and 9.9 percent were removed for including ‘nudity or sexual content,’ according to its latest report.”
The Hill / Emily Birnbaum / Dec 14
“Raycom Media has relaunched 42 of the company’s television and radio stations on the Arc platform. Raycom Media is one of the largest media companies in the U.S. with stations in 44 markets and 20 states.”
Washington Post / Dec 14
“With the launch of the IMAX VR centre pilot program our intention was to test a variety of different concepts and locations to determine which approaches work well. After a trial period with VR centres in multiplexes, we have decided to conclude the IMAX VR centre pilot program and close the remaining three locations in Q1 2019.”
Variety / Janko Roettgers / Dec 14
December 13, 2018
“The company agreed to secretly pay [former LA Times editor-in-chief and publisher Davan] Maharaj more than $2.5 million, in installments, according to three people with knowledge of the pact. That financial obligation was not disclosed in corporate filings to shareholders and analysts. The payments started in the first quarter of this year, for which Tribune Publishing reported a net loss of $14.8 million. The loss was attributed to the company’s decision in December 2017 to pay Ferro $15 million in consulting fees even as he served as chairman and was the company’s controlling owner.”
NPR / David Folkenflik / Dec 13