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You might have heard: Gawker Media will pay $31 million to settle its lawsuit from Hulk Hogan (Recode)
But did you know: ‘The saga is over’: Three true stories will be removed from the Internet, but an all-out war against Peter Thiel would have cost too much, Nick Denton says (NickDenton.org)
“After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached,” Nick Denton writes. “The saga is over.” As a result, three true stories will be removed from the Internet. Those stories covered Hulk Hogan, the claim by Shiva Ayyadurai that he invented email, and the feud between the founders of Tinder . Denton says he was confident that the appeals court would reduce or eliminate the judgment against Gawker and he expected to win the two other lawsuits from clients of Thiel’s lawyer Charles Harder, an “all-out war” against Thiel would have simply been too costly and with no end in sight: “Gawker’s nemesis was not going away,” Denton says.
+ Noted: The Wall Street Journal is consolidating its print edition by combining sections and cutting staff (Politico Media) and that includes reducing the size of its Greater New York section and shifting to “a more concise, focused daily report on life and business” (Wall Street Journal); theSkimm now has 4 million subscribers, up half a million from 3.5 million in April (Bloomberg); Condé Nast’s Wired Media Group is launching a $4,000/year membership program that offers access to in-person and virtual events, an online community, and a newsletter (Digiday); More than 300 newsrooms sign up with ProPublica to monitor voting problems (Columbia Journalism Review)
Tips for creating a more collaborative newsroom (Innovation Wire)
Working a newsroom that includes print, digital, radio and TV journalists, KSL.com news director Whitney Evans says her newsroom has learned a lot about how to break down silos and create a more collaborative culture. Among Evans’ advice: Identify your company’s goals and set your priorities accordingly, explain to people what’s in it for them when it comes to new initiatives, recognize that people in your newsroom can learn from each other, and know when it’s more efficient to not collaborate and work alone.
How BuzzFeed is adapting its local and regional content for different global audiences (Digiday)
“Building a global media business isn’t as simple as just translating popular articles into different languages,” Jessica Davies writes. “It’s about grasping where, how and why stories resonate, and on which platforms.” To figure that out, BuzzFeed programmed its Slack to alert editors when a local or regional story goes viral. Editors can then capitalize upon those stories by adapting them to different languages or styles. “International teams are in touch with each other constantly. The danger with that is that you end up reflecting a homogeneous global culture, and that’s something we grapple with all the time,” said BuzzFeed’s head of European growth Luke Lewis. “It’s about showing a local face but keeping a global soul.”
How machine intelligence is changing industries from agriculture to transportation (Harvard Business Review)
When it comes to machine intelligence, Shivon Zilis and James Cham argue that we’re at a transition point similar to the Internet in the 1990s: “Executives are realizing that this new technology could change everything, but nobody knows exactly how or when.” Almost every industry is already being affected by machine intelligence, Zilis and Cham say, and most companies are already have the “building blocks to begin embedding machine intelligence in their businesses.” What should companies do to get started, then? Zilis and Cham advocate for making machine learning tools available to all employees and start finding new sources of data to supplement those tools.
Growth at Google and Facebook may account for all of the digital ad growth this year (Recode)
According to Digital Content Next’s Jason Kint, Google and Facebook are growing digital advertising significantly, but everything else is shrinking. Kint compared numbers from the Interactive Advertising Bureau with publicly reported data from Google and Facebook, finding “those two companies accounted for all of the growth in U.S. digital advertising in the first half of this year” while the rest of the industry shrank. But there are some caveats to Kint’s analysis: He’s not arguing that every company is shrinking, just that they collectively are, and the three data sources compared aren’t necessarily “apples to apples.”
+ The New York Times’ earnings report shows how the print ad landscape is getting even worse for newspapers (Nieman Lab): NYT’s print ad revenue dropped 19 percent last quarter, bringing its total ad revenue down by 8 percent (New York Times Company); Meanwhile at Facebook, the company reported bringing in $5.7 billion in mobile advertising alone, more than Facebook’s entire business in Q3 of 2015 (Recode)
‘How the Internet is loosening our grip on the truth’ (New York Times)
“The internet is distorting our collective grasp on the truth,” Farhad Manjoo writes. “Polls show that many of us have burrowed into our own echo chambers of information.” The root of the problem, Manjoo argues, is that we have too much media to choose from. A wide variety of media sources was supposed to create a “marketplace of ideas,” but the reality is “when confronted with diverse information choices, people rarely act like rational, civic-minded automatons.” Instead, people default to their preconceived notions and biases, doing what feels easiest — often, paying attention to the information that fits into our biases and ignoring what doesn’t.
The post Need to Know: Nov. 3, 2016 appeared first on American Press Institute.
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