Fresh useful insights for people advancing quality, innovative and sustainable journalism
You might have heard: Gannett offered $815 million in cash to buy Tribune Publishing, and Gannett CEO Robert Dickey says, “Given the substantial value represented by our offer … we are confident that Tribune’s non-management stockholders will support our proposal” (CNN Money)
But did you know: With a bid more than 60 percent higher than Tribune’s trading value, Gannett will likely succeed in acquiring Tribune Publishing (Poynter)
Though Tribune management was surprised by Gannett’s takeover bid, Rick Edmonds writes that Gannett is likely to succeed in acquiring Tribune Publishing. Gannett’s bid of $815 million is 60 percent more than Tribune’s trading value, and Tribune’s board is obligated to accept the offer unless it has another viable alternative for increasing trading value. On Monday morning, Tribune’s stock was trading 55 percent higher than its closing price on Friday, which Edmonds writes is a sign that Wall Street says a takeover is likely to happen.
+ A takeover of Tribune would increase Gannett’s circulation to about 62 million from 45.5 million, but it remains to be seen whether Gannett knows what to do with Tribune’s big metro papers (Nieman Lab)
+ Gannett’s $815 million bid shows that no one knows what the value of a print newspaper is anymore, Noah Kulwin says (Re/code)
+ Noted: Now that Disney has sold its stake in Fusion back to Univision, Fusion is now part of Univision’s new “Fusion Media Group” and Univision will take on ABC’s former role in handling distribution and ad sales (Nieman Lab); Re/code founding editor Ken Li is named managing editor of Newsweek (Talking Business News); Digiday launches Pulse, a quarterly magazine dedicated to the future of media (Digiday)
Tips for building successful online communities (Spin Sucks)
When trying to foster communities online, we need to be aware that all online communities have their own language and ways to identify outsiders, Laura Petrolino writes. Petrolino shares ways to learn the language and build an online community, including: Identify influencers in the community first, check out what the competitors do, and think about the context of the kind of relationship you’re trying to develop.
The UN calls for the media to take a more ‘constructive’ approach to news with its Constructive Voices program (Guardian)
In a meeting in London on Wednesday, director general Michael Møller will talk to journalists about United Nations’ new Constructive Voices program and call for the media to take a more “constructive” and “solutions-focused” approach to news. Constructive Voices is an online resource designed to help journalists find case studies with practical solutions to problems. Ahead of the event, Møller said: “In a world of 7 billion people … we need responsible media that educate, engage and empower people and serve as a counterpoint to power. We need them to offer constructive alternatives in the current stream of news, and we need to see solutions that inspire us to action.”
+ The Sun launches on Snapchat Discover: It will post 12 “snaps” in each edition, which will go live each day at 6 a.m. GMT (Digiday)
5 tips for how to keep small teams efficient (Fast Company)
Smaller teams are more likely to build relationships and make it harder for team members to slack off, but that doesn’t mean they’re without their own potential problems, startup founder John Rampton writes. Rampton shares his advice for keeping small teams efficient, including: Make regular check-ins with all members of the team, outsource tasks when needed, give people freedom and preserve it, be aware of everyone’s goals, and prioritize culture.
The best things in journalism were never made to reach the most people, but the right people (Medium)
“The truth is that the best and most important things the media (let’s say specifically the news media) has ever made were not made to reach the most people — they were made to reach the right people,” The Verge’s Josh Topolsky writes. “Because human beings exist, and we are not content consumption machines. What will save the media industry — or at least the part worth saving — is when we start making Real Things for people again, instead of programming for algorithms or New Things.”
+ A call for editors to start paying for data journalism: It requires an investment, but data journalism pays off and often wins awards (Medium); Earlier: Our Strategy Study for the best ways to get started or going deeper with data journalism
For some publishers, Twitter is a better platform for video revenue than Facebook (Digiday)
On the surface, Facebook appears to be a better platform for video publishers than Twitter, simply because of its larger audience numbers. But some publishers are finding that Twitter is a better platform to make money off of video because of its options for revenue sharing, including pre-roll video ads. “We’re making so little from Facebook video that the finance team doesn’t even share it in the monthly reports. Twitter is a different story. It’s looking a lot better than Facebook’s ‘suggested video’ revenue,” one publisher said.
The post Need to Know: April 26, 2016 appeared first on American Press Institute.
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