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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.
January 9, 2023
“First Look Institute will provide The Intercept with a significant, multi-year financial grant to help ensure a smooth transition, the company said in a statement.” LO
Axios / Sara Fischer / Jan 9
“…the creator economy is suffering in particular because its middle class hasn’t yet emerged. Online content creation is still mostly viable for the very top echelon of online creators only. And when mid-sized creators can’t make it, the VC-funded platforms meant to serve them can’t scale. So it’ll likely be a while before ‘link-in-my-bio’ startups raise at $1.3 billion valuations again.”
Big Technology / Alex Kantrowitz / Jan 9
“As Murdoch acknowledged in 2000, ‘If the kids fought hard enough, the whole thing would break down; there is no mechanism against that happening.'”
Financial Times / Alex Barker / Jan 9
“Either out of a sense of professional propriety or competitive jealousy (in some cases both), over a dozen staff and fellow Hill reporters pushed me to write a piece about Punchbowl News that would expose their ties to McCarthy.” JB
Semafor / Max Tani / Jan 9
The shares of some major newsroom staffs that are non-white (latest data available): 43% (L.A. Times), 38% (Vice Media, BuzzFeed News, USA Today), 37% (NPR), 35% (Condé Nast), 34% (Washington Post, Vox Media, New York Times).
Digiday / Sara Guaglione / Jan 9
“The scariest editor in the first four episodes of the series however is the Yorkshire Post’s James Mitchinson: Kumar and Widdicombe variously call him ‘scary,’ ‘intimidating,’ a ‘serious newsman because he’s expecting quality and quantity,’ and, sarcastically, the ‘touchy feely face of Yorkshire news.'”
Press Gazette / Charlotte Tobitt / Jan 9
“At least a dozen more cuts on Friday night affected workers in the company’s Dublin and Singapore offices…They included Nur Azhar Bin Ayob, the head of site integrity for Twitter’s Asia-Pacific region, a relatively recent hire; and Analuisa Dominguez, Twitter’s senior director of revenue policy.
Bloomberg / Davey Alba and Kurt Wagner / Jan 9
“The content featured on Burrow includes sections for videos dedicated to the false QAnon and Pizzagate conspiracy theories, along with sections for ‘Human Trafficking / Elite Pedophelia’ [sic] and ‘Rituals and Satanic Cults.'”
Media Matters for America / Alex Kaplan / Jan 9
“Congressman, is there a deal?” “Any progress, congressman?” “Congressman…?”
The Washington Post / Paul Farhi / Jan 9