Mediagazer: Direct-to-consumer brands lower their Facebook ad spend and turn to radio, print, and Instagram as competition for space has made Facebook ads too expensive (Ilyse Liffreing/Digiday)

6:55 PM ET, June 7, 2018

Top News:

Peter Kafka / Recode:

Sources: in reorg, BuzzFeed is cutting 20 jobs on the business side as Chief Revenue Officer Lee Brown writes in a memo that it's also hiring for over 45 jobs — It's part of a move away from Facebook and toward other revenue sources. — BuzzFeed, which laid off about 100 people last fall …

Discussion: Digiday and Variety

Agence France-Presse:

Sources: BuzzFeed plans to shut down its French version after four years, with 14 staff set to lose jobs; chief editor calls the move “brutal” and “unexpected” — Paris (AFP) - US news website BuzzFeed is to shut down its French version after four years online, staff told AFP on Thursday.

Discussion: @markdistef, @markdistef, @markdistef, The Wrap and The Daily Caller

Mark Sweney / The Guardian:

Amazon buys rights to exclusively livestream 20 Premier League football matches per season for three seasons starting from 2019 — US online retailer will exclusively livestream 20 matches per season from 2019 — Amazon has broken Sky and BT's stranglehold on Premier League football …

Discussion: Forbes, Recode, Broadcasting & Cable, Telegraph, The Independent, Wall Street Journal, BBC, FierceCable, GeekWire, The Drum, Fortune, Awful Announcing and The Verge, more at Techmeme »

Vivian Schiller / Civil:

Veteran media executive Vivian Schiller is named CEO of the Civil Foundation, a nonprofit that will set journalistic standards for media startup Civil — Editor's note: Vivian Schiller has been appointed as the inaugural CEO of the Civil Foundation, an independent, nonprofit organization …

Discussion: @mg, @kwerb and @rasmus_kleis

Mike Farrell / Multichannel News:

PricewaterhouseCoopers predicts over-the-top TV revenue, which grew 15.2% in 2017 to $20.1B, will rise 12.2% this year and reach $30.6B by 2022 — Study says international growth, original content will fuel increases — PricewaterhouseCoopers predicts that over-the-top revenue …

Discussion: Forbes

Jim Waterson / The Guardian:

Geordie Greig, current editor of The Mail on Sunday and previously of the London Evening Standard and Tatler, will become the new editor of the Daily Mail — Editor of Mail on Sunday to replace Paul Dacre who is stepping down after 26 years — Geordie Greig is to be the new editor of the Daily Mail …

Discussion: @andrew_adonis, Press Gazette, @ian_fraser, The Independent, Jon Slattery, City A.M., @jimwaterson, @jimwaterson, @peston, @pippacrerar, @bethrigby, Financial Times, @newstatesman and @janinegibson

Ilyse Liffreing / Digiday:

Direct-to-consumer brands lower their Facebook ad spend and turn to radio, print, and Instagram as competition for space has made Facebook ads too expensive — Four years ago, when Rich Fulop founded Brooklinen, the direct-to-consumer luxury bedding startup, the customer acquisition strategy …

Joe Otterson / Variety:

Apple will develop Shantaram, a novel about an Australian man on the run in Bombay, as a drama series; news follows Apple's announcement of two half-hour series — In a competitive situation, Apple has landed the rights to develop Gregory David Robert's novel “Shantaram” as a drama series.

Discussion: MacRumors, @xpangler and 9to5Mac

Stephanie Chan / VentureBeat:

Facebook launches fb.gg, a portal where users can browse gaming livestreams, and gives emerging streamers access to monetization tools with Level Up program — Facebook launched its Gaming Creator program in January to boost gaming livestreams on its platform.

Discussion: TechCrunch, Variety, Adweek, Facebook, Engadget and Tubefilter, more at Techmeme »

Josh Constine / TechCrunch:

Facebook testing Marketplace ads in the US that let users promote their listings in the News Feed — Twenty months after launching its Craigslist competitor, Marketplace, and relentlessly promoting it with placement in the main navigation bar, Facebook will start earning money off its classifieds section.

Discussion: Engadget, Facebook, Marketing Land, Fast Company and The Verge

Mark Di Stefano / BuzzFeed:

Guardian cartoonist objects after editor refused to publish his cartoon of a slain Palestinian medic in a fireplace between Theresa May and Benjamin Netanyahu — Steve Bell hit back at the Guardian for claims his cartoon had Nazi overtones. … Guardian cartoonist Steve Bell has written …

Discussion: HuffPost UK

Ricardo Lopez / Variety:

Producer and former studio exec Amy Baer named board president of Women in Film, replacing Cathy Schulman who will remain on the board — Amy Baer, who has deep industry experience as a top studio executive and more recently as a producer working with major talent, has been elected board president of Women in Film.

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Christine Schmidt / Nieman Lab:
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Max Greenwood / The Hill:
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Earlier Picks:

Josh Constine / TechCrunch:
Sources: Instagram to launch Snapchat Discover-style video hub with scripted shows, music videos, and more; announcement tentatively slated for June 20

Discussion: MacRumors, The Daily Caller, Gizmodo, Fast Company, Business Insider, Engadget, 9to5Mac, Fortune, Refinery29 and @joshconstine

Jason Schwartz / Politico:
Details of media access to next week's summit between Trump and Kim Jong Un in Singapore remain unsettled; journalists hope White House pushes for broad access

Todd Spangler / Variety:
Facebook partners with seven news orgs, including ABC News, CNN, and Fox News, to roll out a series of news shows on Facebook Watch this summer

Discussion: @jczamora, Digiday, CNNMoney, @jason, The Drum, Adweek, Tubefilter, Mashable, Fox News, Deadline, Engadget and Radio & Television …, more at Techmeme »

From Techmeme:

Wall Street Journal:
The FTC bans noncompete clauses that restrict job switching, the first time in 50+ years that the FTC has issued a regulation mandating an economy-wide change

Victoria Song / The Verge:
Meta rolls out multimodal AI in early access for the Ray-Ban Meta Smart Glasses, mainly to help identify objects, translate signs, and write Instagram captions

Ming-Chi Kuo:
Sources: Apple cut 2024 Vision Pro shipments to 400K-450K units, vs. a 700K+ market consensus, and US demand has “fallen sharply beyond expectations”

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