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You might have heard: Gannett increased its offer to buy Tribune Publishing to $15/share, putting the total value of Tribune at $864 million (USA Today)
But did you know: Tribune Publishing says it will ‘thoroughly review’ Gannett’s revised offer (Politico Media)
After Gannett upped its acquisition offer, Tribune Publishing say it will “thoroughly review” the revised offer. Gannett’s new offer of $15/share is a 99 percent premium over Tribune’s share price of $7.52 on April 22. Tribune rejected Gannett’s previous offer of $12.25/share, saying that it undervalued the company despite the fact it was 60 percent higher than Tribune’s current stock price. Gannett board chairman John Jeffry Louis says: “By increasing our offer at this time, we are reaffirming Gannett’s belief that this transaction would deliver significant value to both companies’ stakeholders and that the time to act is now.”
+ Noted: The New York Times is in the “final stage” of selecting its next public editor: Debra Adams Simmons and Elizabeth Spayd are among those being considered (Huffington Post); Facebook is selling video ads on the behalf of other companies’ third-party websites and apps such as Mashable and Daily Mail, a move that could intensify its competition with Google (Wall Street Journal); The Intercept is sharing access to its archive of Snowden documents with other news organizations such as Le Monde (The Intercept); ESPN’s new site covering race and sports, The Undefeated, launches today (New York Times); NPR One is incorporating more local news from member stations in its stream (Nieman Lab); BuzzFeed adopts HTTPS, saying The Washington Post’s engineering team provided advice from its own experience transitioning to HTTPS (BuzzFeed)
API UPDATE
5 ways to reach the right people with your fact-checking
We know there’s more fact-checking than ever, but how can reporters make sure that their work is reaching the right audience? API’s Jane Elizabeth outlines suggestions for how to get fact-checks in front of voters who may not be avid fact-checking fans, including making it a daily habit to respond to misinformation on Twitter and fact-checking in real-time.
85 percent of Facebook videos are watched without sound (Digiday)
According to data from publishers, about 85 percent of video on Facebook is watched without sound. Facebook has built a video system that encourages watching without sound: Videos autoplay in the new feed and are muted by default. But for publishers, that number underscores the importance of creating videos that can be understood without sound, using captions or text that narrate what’s happening on the screen.
+ Earlier: Facebook says captions can increase a video’s view time by 12 percent and how marketers are adjusting to creating videos without sound to grab more viewers
A petition to save the BBC’s recipe archive has more than 25,000 signatures (Guardian)
The BBC is planning to cut “soft” news from its website, including its recipe and food section. But after a source from the BBC told the Guardian that the recipes would “fall off the face of the internet” and will have no live links after the section is closed, more than 25,000 people have signed a petition in favor of preserving the BBC’s recipe archive “in its current form.” The Guardian reports that the only recipes that will remain active will be those connected to current shows, and even those will only be maintained for 30 days.
+ Other websites and apps that the BBC plans to scale down or close entirely include travel, news magazine and local news index (BBC Media Centre)
Twitter will stop counting links and photos in its 140-character limit (Bloomberg)
Twitter is making a major change to how it counts characters and giving users more space and flexibility in their tweets. Within the next two weeks, links and photos will no longer be counted in the 140-character limit, Bloomberg reports. Even after links are shortened by Twitter, a single link takes up 23 characters in a tweet, leaving less space for context and commentary.
+ Vice’s Motherboard is taking a weeklong break from Slack and will reevaluate at the end where it really needs to use a group chat app: “We noticed that more and more time was being diverted to Slack. It wasn’t just joking around, although there was plenty of that. We’d find ourselves spending 30 minutes in a spirited debate about a story we all seemed interested in, but then … no one would write something for the site. It was as if the Slack discussion had replaced the blogging process. Talking about a topic with our colleagues fulfilled the urge to publish.” (Motherboard)
Is Facebook’s filtering any better or worse than our own filtering of what we choose to read? (Wall Street Journal)
“Here’s the question we should be asking about ‘bias’ in Facebook’s news feed,” The Wall Street Journal’s Chris Mims writes. “Is it substantially worse than in the heyday of newspapers and magazines, when readers in major cities could choose to get their news from among a dozen or more publications tailored to their biases? … Is it possible that Facebook’s algorithm produces a news feed that might even be a less-biased news source than what came before? Facebook, after all, is simply performing the same function gossip and social stratification has accomplished since the dawn of civilization, by allowing us to filter what we hear to precisely the degree we please.”
An interview with President Obama was set to be Facebook Live’s biggest event, but technical problems landed it on YouTube (Mashable)
BuzzFeed’s interview with President Obama on Monday afternoon could have been Facebook Live’s biggest event yet. But when the Facebook livestream froze before Obama appeared, BuzzFeed redirected users to YouTube by pasting a link in the comments. The YouTube stream carried on without problems, and the video has already received more than 100,000 views.
The post Need to Know: May 17, 2016 appeared first on American Press Institute.
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