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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.
May 22, 2024
“Public media organization GBH laid off 31 employees on Wednesday and suspended production of three television programs, CEO Susan Goldberg told employees. The job losses affected 13 departments and represented 4 percent of the workforce, Goldberg said.” SC
The Boston Globe / Aidan Ryan / May 22
“Before the war, [Peremoha editor Oleksandr Motsny] says, he and two reporters covered hyperlocal issues such as small businesses, farmers and milestone birthdays. Everything changed on Feb. 24, 2022, when Russia launched its full-scale invasion of Ukraine. Peremoha was set to celebrate its 90th anniversary the next day.”
NPR / Joanna Kakissis, Polina Lytvynova, and Claire Harbage / May 22
“This past season, the program was television’s top nonsports prime-time program 15 times. It has been TV’s top overall prime-time program 14 times over the last three TV seasons.”
Axios / Sara Fischer / May 22
“That’s according to a report from Bloomberg, which says the company — led by former longtime Apple employees Imran Chaudhri and Bethany Bongiorno — is ‘seeking a price of between $750 million and $1 billion.'”
The Verge / Chris Welch / May 22
“Microsoft announced that the new Al-powered feature will be able to translate spoken content through both dubbing and subtitles live as you’re watching it…Edge will also support real-time translation for videos on news sites such as Reuters, CNBC, and Bloomberg.”
The Verge / Emma Roth / May 22
“At the core of these deflections is an implication: The hypothetical superintelligence they are building is too big, too world-changing, too important for prosaic concerns such as copyright and attribution.”
The Atlantic / Charlie Warzel / May 22
“According to an SEC filing, Ramaswamy owns shares and call options worth just under $4 million, and equivalent to about 7.7% of BuzzFeed shares…An activist stake does not always lead to a hostile takeover attempt (as we saw with Elon Musk and Twitter), but it does usually result in the activist pushing for changes to the company, and occasionally cutting a deal, for board seats or other options.”
The Hollywood Reporter / Alex Weprin / May 22
“The newspaper’s institutional voice could be predictable, staid, and self-serving. But it could also offer moral clarity and shape public opinion, as Pulitzer Prize-winning editorials on prison reform, income inequality, racial relations, and the environment have over the past several decades.” SC
Nieman Reports / Paul Farhi / May 22
“Zhang was sentenced to four years in prison on charges of ‘picking quarrels and provoking trouble,’ a vaguely defined charge often used in political cases, and served her full term. Yet, on the day of her release, her former lawyers could not reach her or her family. Shanghai police had paid visits to activists and her former lawyers in the days leading up to her release.”
AP News / Huizhong Wu / May 22
Washington Post CEO Will Lewis also says the paper lost $77 million over the past year: “To be direct, we are in a hole, and we have been for some time.” LO
Twitter / Max Tani / May 22