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    What We’re Reading
    We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
    October 18, 2019
    Yahoo is deleting all content ever posted to Yahoo Groups
    “Beginning October 28, you won’t be able to upload any more content to the site, and as of December 14 all previously posted content on the site will be permanently removed. You’ll have until that date to save anything you’ve uploaded.”
    Ars Technica / Jon Brodkin / Oct 18
    The company that took control of Sports Illustrated just raised $20 million after “substantial doubts” that it could stay afloat
    “As of June 30, Maven had cash of $116,187, losses of $8.7 million, and a deficit of $17.2 million. ‘As a result, management has concluded that there is substantial doubt about the Company’s ability to continue as a going concern’ through 2019, the filing said. Those doubts were echoed by the company’s independent accountant.” LO
    Business Insider / Lucia Moses / Oct 18
    It’s the end of an era for digital media acquisitions
    “Unlike over the past few years where media companies were looking at growth at all cost — buying revenue in many respects — the name of the game is now profitability and cash flow…It’s one thing to chase scale for scale’s sake, but it’s entirely different to run a business. Running a business means having profit. Media companies that are spending venture do not operate the same way that people that spend profits do.”
    A Media Operator / Jacob Donnelly / Oct 18
    “Mark Zuckerberg doesn’t understand free speech in the 21st century”
    “Imagine how insulting it must have been for hundreds of the brightest young minds in America…to sit politely and listen to billionaire who seems to have barely cracked a book on the subject and can’t seem to form a clear line of argument. The manifesto turned out to be a weak undergraduate essay that would earn at most a B- from any university professor.”
    The Guardian / Siva Vaidhyanathan / Oct 18
    Mark Zuckerberg said a lot of nothing in his big speech
    “Zuckerberg strung a lot of words together that sounded nice and were inoffensive, but they fell far short of showing that Facebook is willing to make the real hard decisions it would take to make its platform healthy. ‘I believe in giving people a voice because at the end of the day I believe in people,’ he said. (Some have suggested that Facebook could actually fix some of its problems by changing its algorithm so it doesn’t prioritize engagement, which often is highest among divisive topics like abortion and guns — and fake news.)
    Vox / Rani Molla / Oct 18
    How German publisher Schwäbisch Media improved its financial “fitness”
    Including a larger staff, cross-media sales, anti-churn predictive analytics, a corporate publishing agency: “If you want to convert occasional readers to regular readers and then get regular readers to become subscribers, you really have to work on this process. And you need people for that.”
    WAN-IFRA / Brian Veseling / Oct 18
    The best ways to use Reddit for local journalism
    “Jojola knows better than to tease the Reddit users that they could find out the answer behind the speeding ticket by watching the evening news, so he posted what he found on Reddit.”
    Cronkite News Lab / Jill Ryan / Oct 18
    How to engage with news consumers through private messaging apps
    “Set up in the right way with messaging share buttons and trackable links, news content shared through dark social can be quantified: certain types of content proving more shareable than others can be optimized, and future content produced according to the same style, tone, theme or length.”
    Journalism.co.uk / André van Loon / Oct 18
    A comparison of how The New York Times and NBC News edited Harvey Weinstein stories
    “The test of a news organization’s mettle in this case was whether it would stick around long enough to break the dam bottling up the stories of Weinstein’s victims. That’s a test NBC News failed.”
    The Washington Post / Erik Wemple / Oct 18
    How The Guardian is rethinking the images it uses for its climate journalism: Fewer polar bears, more people
    “Often, when signaling environmental stories to our readers, selecting an image of a polar bear on melting ice has been the obvious — though not necessarily appropriate — choice. These images tell a certain story about the climate crisis but can seem remote and abstract — a problem that is not a human one, nor one that is particularly urgent. So it made sense when we heard that research conducted by the team at Climate Visuals has shown that people respond to human pictures and stories.”
    The Guardian / Fiona Shields / Oct 18