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10:25 AM ET, May 3, 2016


 Top News: 
Sydney Ember / New York Times:
New York Times reports $14M net loss for Q1 on revenue of $380M, down 1% YoY; digital-only subscription revenue up 14% to $54M, ad revenue down 7% to $140M  —  New York Times Co. Reports Loss as Its Digital Subscriber Base Grows  —  The New York Times Company reported a $14 million net loss …
Discussion: Reuters, Business Wire and @mathewi
Jeremy Barr / Ad Age:
At NewFronts, The New York Times announces six new digital shows; Chief Revenue Officer Meredith Kopit Levien says trend is toward a “visual future”
Discussion: FishbowlNY and The Wrap
Evan Hansen:
Medium Senior Editor Evan Hansen, Wired's former editor in chief, leaves after three years to become editor in chief at Periscope  —  Farewell Medium, Hello Periscope  —  A little over three years ago I was angling for a new job.  In an attempt to impress with the local cuisine I took Kate Lee …
Mathew Ingram / Fortune:
Digiday says it makes a seven-figure profit on eight-figure revenue that's growing 30-50% per year, and may spin out its in-house studio later this year  —  Digiday Shows There Is Money in Media if You Stay Focused  —  You might not have heard of an online publication called Digiday …
Benjamin Mullin / Poynter:
Digiday launches Glossy, a site dedicated to fashion and luxury
Amol Sharma / Wall Street Journal:
Hulu Move Shows ‘Old’ Media's Urgency to Pioneer a ‘New’ Cable TV  —  In race to reinvent the bundle, traditional outfits step ahead of Google, Apple and Amazon  —  Consumers who are angry at the cost and inflexibility of cable TV have been waiting for someone — anyone — to come along and reinvent the business for the online world.
Discussion: Digiday
Wall Street Journal:
Sources: Hulu in talks with Disney, 21st Century Fox to launch an online TV service that would stream broadcast and cable channels in first quarter of 2017
Daniel Holloway / Variety:
Source: NBCUniversal also in early talks with Hulu to join streaming bundle in early 2017
Discussion: Hollywood Reporter and The Wrap
Brian Rohan / Associated Press:
Egypt's journalists' union calls for dismissal of interior minister, launches protests after detention of two journalists, Amr Badr and Mahmoud el-Sakka  —  Egypt journalists stage protest over police raid at union  —  CAIRO (AP) — Egypt's journalists' union called for the dismissal …
Emil Protalinski / VentureBeat:
Adblock Plus and Flattr launch a publisher payment system, Flattr Plus, which distributes payments among sites from a monthly budget after taking a 10% cut  —  Adblock Plus and Flattr's new project will let users automatically donate money to websites  —  Adblock Plus and Flattr today …
Jackie Spinner / Columbia Journalism Review:
In Chicago, two brothers are using Instagram to engage new audiences for investigative reporting  —  In early 2015, Jeff Kelly Lowenstein, a freelance investigative journalist, published a story in The Chicago Reporter about a reverse mortgage scheme that targeted elderly African-Americans on Chicago's south and west sides.
Discussion: @dangillmor
Michael Calderone / The Huffington Post:
Center For Public Integrity Lays Off Two Reporters Amid Restructuring  —  The cutbacks come on the heels of the Center's international investigative project scoring major scoop with the Panama Papers.  —  The Center for Public Integrity laid off two reporters Friday and will not immediately …
Discussion: @bgpublic
Chris Roush / Talking Biz News:30 minutes ago
Business Insider names four people as executive editors, names two others as managing editors, promotes others  —  Business Insider names new editorial management  —  Business Insider co-founder and editor in chief Henry Blodget sent out the following announcement on Tuesday morning:
Benjamin Mullin / Poynter:
New York magazine's Select All, led by ex-Gawker EIC Max Read, focuses on how gadgets, social networks, and apps affect the lives of a general audience  —  With Select All, New York wants to separate itself on the crowded tech beat  —  The internet isn't hurting for a lack of tech coverage.
Harro Ten Wolde / Reuters:
SoundCloud launches SoundCloud Go music subscription service in UK for £9.99 per month, and in Ireland for €9.99 per month  —  SoundCloud extends paid-for music streaming service to UK, Ireland  —  German online music start-up SoundCloud said on Tuesday it has expanded …
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