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3:15 PM ET, September 17, 2018

Mediagazer

 Top News: 
Jeffrey A. Trachtenberg / Wall Street Journal:
Meredith Corp. has agreed to sell Time magazine for $190M to Marc Benioff, co-founder of Salesforce.com, and his wife, Lynne Benioff  —  Benioffs won't have day-to-day operational role at Time Magazine  —  Time magazine will have a new home.  —  Nearly eight months after Meredith Corp. MDP -.57% completed …
RELATED:
David Streitfeld / New York Times:
Marc Benioff says he won't get involved operationally in Time, which will remain in New York, with Meredith remaining a key partner  —  While having a massage late Sunday, the West Coast-based tech billionaire discussed via text message why he was entering the East Coast-based media industry …
Peter Kafka / Recode:
After Time magazine's sale, questions remain about the future of Fortune, Money, and Sports Illustrated, which Meredith has been trying to sell for most of 2018  —  Marc Benioff paid a surprising $190 million for Time magazine.  Meredith hopes it can find other deep pockets for its other titles.
Jeffrey A. Trachtenberg / Wall Street Journal:
Sources: the Benioffs are paying approximately 5.76 times the operating earnings for Time Magazine, which is expected to see a 9% revenue decline this year
Discussion: Recode and New York Times
Ken Doctor / Nieman Lab:
A McClatchy-Tronc merger, with Patrick Soon-Shiong as key player, could see a revitalization in California journalism and tech innovation  —  One's a family-controlled, century-plus-old newspaper chain, known for believing in its civic mission but not for its digital strategy.  The other is, well, Tronc.
Cora Currier / The Intercept:
Internal memos from 2015, written by US AG for FBI, show how the US government can monitor journalists: high-level DOJ officials bring requests to FISA court  —  The U.S. government can monitor journalists under a foreign intelligence law that allows invasive spying and operates outside …
Paige Williams / New Yorker:
A profile of Press Secretary Sarah Huckabee Sanders, including her public and private relationship with the press, and how she works with Trump  —  What does the press secretary believe in—other than defending the President's every word?  —  Sarah Huckabee Sanders, the White House press secretary …
Jesse Brown / CANADALAND:
Jesse Brown, the reporter who initially broke the Jian Ghomeshi story, says Ghomeshi's essay in The New York Review of Books is filled with inaccuracies  —  Had The New York Review of Books bothered to look into Ghomeshi's claims before publishing his essay, this is what they would have learned
Danah Boyd / Data & Society:
How extremists exploit tech's respect of “free speech” and media's bias to cover “both sides” to amplify fringe messages and get into mainstream conversation  —  This is a crib of a talk that Data & Society Founder and President danah boyd gave at the Online News Association conference …
Hannah Frishberg / Columbia Journalism Review:
A look at the three profitable independent local news outlets, a bi-weekly and two blogs, in the New York neighbourhood of Roosevelt Island  —  Roosevelt Island, a thin, roughly two-mile sliver of land in the East River between Manhattan and Queens, is home to some 14,000 New Yorkers …
Livemint:
Sources: Walmart's Flipkart has held early-stage talks with Indian video streaming service Hotstar about acquiring a stake in the company  —  Flipkart already has some ties with Hotstar, having launched a new video advertisement platform with Hotstar in July
Christine Schmidt / Nieman Lab:
Knight Foundation and Lenfest Institute each put $10M into local news, supporting a local lab in Philly and growing Table Stakes program to up to 16 new regions  —  Boom, baby: After initially joining forces to boost Table Stakes — their project to boost the nation's metro newspapers …
Cynthia Littleton / Variety:
Tom Arnold, host of Viceland's “The Hunt for the Trump Tapes”, was involved in a physical altercation with Apprentice producer Mark Burnett  —  The tension between Tom Arnold and Mark Burnett boiled over into a physical altercation at Sunday's Evening Before Emmy party, a fundraiser for the Motion Picture Television Fund.
 
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 More News: 
Sean Burch / The Wrap:
Ahead of the Emmys on Monday night, Hulu's Live TV service, which it launched 16 months ago, hits 1M subscribers
Discussion: USA Today
 Earlier Picks: 
Christine Schmidt / Nieman Lab:
A look at Quartz's one-year-old Obsession, a daily email newsletter on topics like Mr. Rogers or CBD, serving as a news respite but speaking to the zeitgeist