Friday News Roundup - Domestic
We're in New Orleans for the Friday News Round Up: a city that's dealing with serious flooding, and a widening scandal at city hall.
Media
SoundCloud Saved By The Bell Of A Big Chunk Of Financing
After a noisy month in the press and a significant round of layoffs, SoundCloud announced today it had secured its largest round of financing to date, ending speculation of its demise (for now).
Facebook Watch Is Company's New Plan For Online Video
With nearly 2 billion users, Facebook could further disrupt an online video space — and compete with YouTube and other networks for ad revenue.
Disney Plans To End Netflix Contracts And Launch Its Own Streaming Services
Disney says that when current contracts expire it will no longer offer new movies and TV shows to Netflix. It's also launching two new streaming services — one for movies and TV and the other an ESPN sports stream. Content creators such as Disney are increasingly questioning their relationships with streaming services like Netflix, as cord cutters erode profits for cable channels.
Remembering Glen Campbell
Campbell sold tens of millions of records and is widely remembered as a key figure in country and pop music for the 1960s, '70s and beyond.
Long Shot: Moonlighting Golf Blogger Quits His Day Job
The golf blog No Laying Up was Chris Solomon's side-hustle. Now he's going all-in with an irreverent approach that draws a huge audience, including top PGA tour players.
Morning News Brief: North Korea's Nuclear Threat, Trump TV
North Korea's government and President Trump have traded threats after North Korea's recent missile tests. And Hadas Gold of Politico discusses pro-Trump news videos on the president's Facebook page.
'Financial Times' Issues 103-Year-Old Correction
In 1914, the newspaper reported that applications were "pouring in" for WWI war bonds. Researchers at the Bank of England, analyzing old records, have discovered that wasn't remotely true.
Fox News' Seth Rich Story Echoes Previous Problems For Owner Rupert Murdoch
Revelations about Fox News' role in concocting a baseless story on the death of a young Democratic staffer has problematic echoes for the network's controlling owner, Rupert Murdoch, who had to shut down the biggest paper in the United Kingdom for outcry over its reporting on a dead British girl.
China's Few Investigative Journalists Face Increasing Challenges
Until recently, some muckraking journalists were able to investigate and even bring down allegedly corrupt officials. Government censorship and commercial pressures now make such reporting difficult.