FT Ventures buys a minority stake in Toronto-based news company The Logic, launched in 2018; the FT's media consulting arm will help with subscriptions and more (Monique Mulima/Bloomberg)

Mediagazer: FT Ventures buys a minority stake in Toronto-based news company The Logic, launched in 2018; the FT's media consulting arm will help with subscriptions and more (Monique Mulima/Bloomberg)

Top News:

Sportico:

Diamond Sports Group reaches a tentative deal for a new naming-rights sponsor for its regional sports networks; a report says FanDuel plans to replace Bally's— Diamond Sports Group on Tuesday confirmed that it has reached an agreement in principle on a new naming-rights sponsor …
Discussion: Bloomberg, Barrett Media, Awful Announcing, Cord Cutters News, Legal Sports Report, Next TV and The Streamable

Discussion:

Christopher Palmeri /
Bloomberg: FanDuel Nears Deal for Naming Rights to Diamond Sports Channels

Sean Keeley /
Awful Announcing: FanDuel reportedly taking over naming rights on Diamond's Bally Sports networks

Luke Bouma /
Cord Cutters News: Comcast May Kill Bally Sports As The NHL Demands Clarity On The Future of The RSNs This Week

Sam McQuillan /
Legal Sports Report: FanDuel Deal For Bally Sports Channels Hinges On Diamond Bankruptcy

Daniel Frankel /
Next TV: Diamond Sports Must Come Up With a ‘Very Clear Business Plan No Later Than July,’ Judge Rules, as NBA and NHL Express More Concerns

The Daily Beast:

In a company-wide email, G/O Media CEO Jim Spanfeller announces the sale of Gizmodo to European digital media company Keleops— ANOTHER ONE — The sale will keep the tech website's entire staff intact, G/O Media CEO Jim Spanfeller wrote in a company-wide memo obtained by The Daily Beast.

Discussion:

Todd Spangler /
Variety: Tech-News Site Gizmodo Sold to European Media Firm Keleops, Which Says It Will Retain Entire Editorial Staff

Dan Ackerman /
@danackerman: As a former Editor-in-Chief of Gizmodo, despite the unknowns, this can't be anything but a positive for the amazing Giz staff. But now with the “G” and and the “O” of G/O Media gone, what will that company call itself?

Amanda Silberling /
@asilbwrites: was the O for onion, and if so, does that mean G/O Media is just / Media

Jacob Donnelly /
@jaycodon: Jalopnik, Kotaku, Quartz, The Root, and The Inventory are all that remain at G/O Media.

Rob Beschizza /
Boing Boing: Gizmodo, famed gadget blog, sold to French media company

Justin Baragona /
@justinbaragona: NEW: G/O Media has just sold Gizmodo to European digital media company Keleops Media. Below is the memo to staff from Jim Spanfeller: [image]

Zach Seward /
@zseward@threads.net: Do I have this straight?

Tom Gara /
@tomgara: All the prestigey newsrooms run by Brit editors, Axel Springer striding the digital landscape like a colossus, French guys buying Gizmodo - who has the courage to write the take we all need: the Europeans are simply better at news media, they posess a certain je ne sais quoi

Peter Kafka /
@pkafka: G/0 CEO Jim Spanfeller says new owner promises to “keep Gizmodo's entire staff intact”. Remaining G/O sites: The Root, Quartz, Kotaku and Jalopnik.

Ernie Smith /
@ernie@writing.exchange: The company known as G/O Media no longer owns G nor O. — https://www.thedailybeast.com/ ...

Mark Stenberg /
Adweek: Gizmodo Acquired by French Media Firm Keleops

Katie Robertson /
New York Times: Gizmodo Sold to European Media Company

Benjamin Lindsay /
The Wrap: G/O Media Sells Gizmodo to European Tech Media Company Keleops

Ray Schultz /
MediaPost: Gizmodo Is Sold To European Group

Chris Roush /
Talking Biz News: Tech news site Gizmodo sold to European company

Axios:

CNN has started testing a registration wall that requires users to create an account or log in after they've read around 10 articles in a day— CNN has begun testing an expanded registration wall that requires heavy site users to create an account with a username and password …

Discussion:
@jackmarshall, @davidclinchnews and

Discussion:

Jack Marshall /
@jackmarshall: The real news around moves like this is why so late to the party on basic and established digital publishing tactics. Welcome to 2021!

David Clinch /
@davidclinchnews: “The registration gateway doesn't require payment, but it gives CNN access to first-party data that it could use to improve its ad products or eventually sell subscriptions.” Scoop: CNN's data push https://www.axios.com/... #MediaRevenue

Mumbrella:

Several senior executives, including sales managers, are leaving as part of News Corp Australia's ongoing restructuring; more staff cuts are expected next week— The biggest restructuring in News Corp Australia's history continues to roll on, as several senior executives have been moved on.

Discussion:
Australian Financial Review and Mediaweek

Discussion:

Sam Buckingham-Jones /
Australian Financial Review: News Corp on edge as redundancies roll out after major restructure

The Guardian:

Heavy-handed moves by The Washington Post's new publisher, Will Lewis, have alienated and angered some of its talented staff; a course correction is in order— When Jeff Bezos bought the Washington Post in 2013, he said he wanted to give the storied but struggling newspaper the “runway” it needed to take off in the digital age.

Discussion:
Press Watch, @karaswisher, @ichinoy, @jayrosen_nyu, @froomkin, @ichinoy, @davew@mastodon.online, @brizzyc, @jayrosen_nyc@threads.net, Vanity Fair, Associated Press, Washington Post, New York Post, Media Nation, Columbia Journalism Review, MediaPost, NPR, Fox News, Mediaite, Poynter, New York Times and NOTUS

Discussion:

Dan Froomkin /
Press Watch: Beware the Tory takeover of the Washington Post

Kara Swisher /
@karaswisher: This by @davidfolkenflik covers the sitch there fairly. One add: 1. Creating a needlessly hot mess does not make any more money for a place that needs it. And 2. This has been a failure of the top execs & Bezos & not the journalism, so slapping the news staff was boneheaded.

Ira Chinoy /
@ichinoy: I worked @washingtonpost, where I helped build the data journalism program. These are accomplished, hardworking professionals. They don't need to be told to “get with the program.” The Post ownership can't find an impressive American journalist to run the news? Won't end well...

Jay Rosen /
@jayrosen_nyu: The Washington Post should become “the first elite newsroom to abandon the both-sides and pox-on-both-your-houses reporting style and instead actively warn readers...” That's @froomkin's argument. He used to work for the Post. https://presswatchers.org/... [image]

Dan Froomkin /
@froomkin: The great @sulliview reports that publisher Will Lewis totally bombed on Monday.

Ira Chinoy /
@ichinoy: Also, in such a high-quality newsroom, if you can't foster respect for the leadership from the bottom up, it's a lost cause. @davew@mastodon.online: @Mediagazer Democracy dies in darkness isn't a slogan. It's their mission statement

Carrie Brown /
@brizzyc: “Journalists don't delude themselves that newsrooms are democracies; they know they don't get a vote. But successful newsrooms aren't dictatorships, either.”

Jay Rosen /
@jayrosen_nyc@threads.net: Read Margaret Sullivan on the lit fuse at the Washington Post. https://www.theguardian.com/ ...

Jay Rosen /
@jayrosen_nyc@threads.net: The Washington Post should become “the first elite newsroom to abandon the both-sides and pox-on-both-your-houses reporting style and instead actively warn readers...” That's @froomkind's argument. And he used to work for the Post. https://presswatchers.org/...

Charlotte Klein /
Vanity Fair: “I Can't Sugarcoat It Anymore”: Will Lewis Bluntly Defends Washington Post Shake-Up

David Bauder /
Associated Press: With its top editor abruptly gone, The Washington Post grapples with a hastily announced restructure

Alexandra Steigrad /
New York Post: Washington Post staffers clash with CEO at all-hands meeting after top editor exits: ‘Get with the program’

Dan Kennedy /
Media Nation: Post notes: Buzbee's departure, diversity concerns and a squishy-soft profile

Jon Allsop /
Columbia Journalism Review: The Brits are coming. Again.

Ray Schultz /
MediaPost: ‘The Washington Post’ Shakeup: Exec Editor Buzbee Out

David Folkenflik /
NPR: New CEO of ‘The Washington Post’ puts former colleagues in power Fox News: WaPo boss sounds alarm over dwindling audience in heated staff meeting: ‘People are not reading your stuff’

Alex Griffing /
Mediaite: 'Can't Sugarcoat It': Washington Post CEO And Staff Reportedly Throw Down in Fiery Meeting After EIC's Abrupt Exit New York Times: Source: Will Lewis told Sally Buzbee she could run one of the new WaPo divisions, in what would've been an effective demotion for her; Buzbee chafed at the idea

Bloomberg:

FT Ventures buys a minority stake in Toronto-based news company The Logic, launched in 2018; the FT's media consulting arm will help with subscriptions and more— FT Ventures will become a minority owner of the Toronto-based news company, which was launched in 2018.

Discussion:
Talking Biz News

Discussion:

Chris Roush /
Talking Biz News: Canada biz news site The Logic raises $4 million

Engadget:

Twitch says its Twitch Tier 1 subscriptions in the US will increase from $4.99 to $5.99 per month on July 11, the first price rise for US subscribers— Monthly Tier 1 memberships will go up by $1 in July. — Twitch is joining Spotify, Max, Peacock, Crunchyroll, EA and other content services …

Discussion:
help.twitch.tv and @twitchsupport, more at Techmeme »

Wired:

Russian journalists and dissidents are taking advantage of YouTube, the only major US platform available in Russia and a primary entertainment source for many— YouTube remains the only major US-based social media platform available in Russia. It's become “indispensable” to everyday people, making a ban tricky.

Discussion:
@justinling@mastodon.online

TechCrunch:

TuneIn partners with Discord, bringing TuneIn's full free live radio and podcast library to Discord's Activity app directory— Audio streaming service TuneIn is teaming up with Discord to bring free live radio to the platform. This is TuneIn's first collaboration with a social platform …

Discussion:
@buckwilson, @discord, Sherri Hendrickson on LinkedIn, RadioInsight and Richard Stern on LinkedIn

Discussion:

Buck /
@buckwilson: Excited and proud of the work our team has done to enable TuneIn and other such Apps to run in Discord. Just a reminder: you don't have to be in a Voice Call to launch it! @discord: There's a new way to listen to music, podcasts, and news with your friends. The newest Activity on Discord, TuneIn Radio & Podcasts, is now available! [image]

Sherri Hendrickson /
Sherri Hendrickson on LinkedIn: I'm thrilled to share something I've been working on for almost a year- TuneIn is now available for listening on Discord ! …

Lance Venta /
RadioInsight: TuneIn Launches Within Discord

Baltimore Sun:

Sam Davis, managing editor of The Baltimore Sun, is retiring and will be succeeded by Tricia Bishop, currently director of opinion and features content— The Baltimore Sun's longtime managing editor is retiring and will be replaced by a 24-year veteran of Maryland's largest news organization, Baltimore Sun Media said Tuesday.

Discussion:
Amanda Kell on LinkedIn

New York Times:

Sean Combs has sold his majority stake in Revolt, the media company he founded; the largest shareholder group of the company is now made up of employees— After a wave of lawsuits accusing Mr. Combs of sexual assault, the two are “completely separated and dissociated from each other,” the company's chief executive said.

Discussion:

Ethan Shanfeld /
Variety: Sean ‘Diddy’ Combs Sells Majority Stake in Revolt as Employees Become Largest Shareholder Group of the Media Company

Lucas Manfredi /
The Wrap: Sean ‘Diddy’ Combs Sells Majority Stake in Revolt Amid Sex Trafficking and Assault Allegations

Dylan Smith /
Digital Music News: Diddy Relinquishes Ownership Stake In Revolt Amid Continued Controversies — Employees Are Poised to Become the ‘Largest Shareholder Group’

Andre Woolery /
Andre Woolery on LinkedIn: Today is a momentous day. REVOLT, a Black-owned media empire is now majority EMPLOYEE OWNED. I'll say it again so it can sink in …

Alexandra Steigrad /
New York Post: Sean ‘Diddy’ Combs sells stake in Revolt — a company he founded — amid alleged sex assaults

Janelle Griffith /
NBC Bay Area: Sean Combs sells stake in Revolt, media company he founded

Jordan Hart /
Business Insider: Sean ‘Diddy’ Combs sells off his entire stake in Revolt, the media company he founded

R. Thomas Umstead /
Next TV: Revolt Founder Sean Combs Sells Majority Stake In Company

Press Gazette:

ITN signs a deal with OpenOrigins to protect its video archive from AI and license content; videos will be validated and secured using blockchain tech— Broadcast news production company ITN has become the first UK news organisation to announce a deal seeking to safeguard its archive from the threat of AI.

Discussion:

Tami Hoffman /
Tami Hoffman on LinkedIn: Finally able to share details of a new ITN partnership with OpenOrigins to protect our historic archive of news footage. …

Brecht Declercq /
Brecht Declercq on LinkedIn: #Fakenews sources often piggyback on the #credibility that reputable news channels have painstakingly established over the years. …

Zaffrin O'Sullivan /
Zaffrin O'Sullivan on LinkedIn: Many of you know that I joined ITN earlier in the year, stepping into my first General Counsel role. … @endersanalysis: Rachel Corp, CEO, @ITN - Today I can announce an exclusive partnership with a company called OpenOrigins, to anchor our archive and give a link to every video we have, linked to blockchain, for verification @MediaTelco2024 [image]

David Clinch /