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Brian Stelter and the CNNMoney Media team - [email protected] (mailto:[email protected]) ** Inside Business Insider ------------------------------------------------------------ Tom Kludt's in-depth look at Business Insider is a must-read. (http://money.cnn.com/2016/04/29/media/business-insider-staff-exodus/index.html?iid=SF_LN&mc_cid=7252372523&mc_eid=[UNIQID]) He emails this summary: BI has been a wildly successful digital media company. It has also said goodbye to a couple dozen key editorial staffers since it was sold to Axel Springer in the fall. Through conversations with current and former employees, I got an explanation for both. The BI newsroom mirrors the energy and temperament of its founder, the former stock analyst Henry Blodget. He often gushes about his lofty vision for the site – like he did in January, when he circulated a memo detailing his plan for BI to reach one billion monthly visitors. And he is also known to push his staff to reach those goals – like he did last year, when he suggested that if employees were writing five posts a day, perhaps they could shoot for six. All of that helps explain how the company has created such a traffic behemoth; BusinessInsider.com had more than 40 million unique visitors last month, making it the third most visited financial news site. But it also explains why 24 reporters and editors have left the newsroom since September. Check out the full story here... (http://money.cnn.com/2016/04/29/media/business-insider-staff-exodus/index.html?iid=SF_LN&mc_cid=7252372523&mc_eid=[UNIQID]) ** Reactions to Tom's story ------------------------------------------------------------ The story was quite a talker on Media Twitter today. Many, like CJR's David Uberti, scoffed at the pace and demands shouldered by Business Insider’s journalists. "At 5-6 posts a day, can you even think about what you’re writing?" Uberti tweeted. (https://twitter.com/DavidUberti/status/726139513622421504?mc_cid=7252372523&mc_eid=[UNIQID]) Libby Watson, a staff writer at the Sunlight Foundation, read the piece and concluded (https://twitter.com/libbycwatson/status/726140238536577024?mc_cid=7252372523&mc_eid=[UNIQID]) that working at BI "sounds pretty miserable." On the other hand, the FT's John Gapper said (https://twitter.com/johngapper/status/726100319646658561?mc_cid=7252372523&mc_eid=[UNIQID]) he’s "never encountered a workplace that wasn't all, 'morale has never been lower.'" And former BI executive editor Joe Weisenthal, now with Bloomberg, thought (https://twitter.com/TheStalwart/status/726069254731214849?mc_cid=7252372523&mc_eid=[UNIQID]) the story showcased "why Business Insider has been successful. Huge ambitions, intense, demanding operation." ** #NerdProm weekend begins in DC ------------------------------------------------------------ Tonight: A Variety/SAG Foundation/WashPost event... The New Yorker party... The Hill/Extra party... the Time mag/People mag party... a late-night Funny or Die bash... and that's just the start of the White House Correspondents Association dinner weekend. The actual dinner starts at 7:30pm tomorrow. Larry Wilmore is the performer. The parties and brunches and panels will continue through Sunday afternoon, and we'll have a full wrapup in Sunday's newsletter. Between now and then, tune into our CNN coverage of the dinner starting at 7pm tomorrow... John Berman is hosting and I'll be popping up a couple of times in my tux... [Note to self: Must buy tux shoes tomorrow morning. Left my pair in NYC.] ** The ten-year anniversary of this ------------------------------------------------------------ It was ten years ago, at the 2006 WHCD dinner, when Stephen Colbert delivered his unforgettable... I don't know what you'd call it... Performance? Take-down? Lecture? Media critique? Brian Lowry writes: (http://money.cnn.com/2016/04/29/media/stephen-colbert-white-house-correspondents-legacy/index.html?iid=Lead&mc_cid=7252372523&mc_eid=[UNIQID]) "As Colbert's experience indicates, it's virtually impossible to please everyone in this setting. But if people are still referencing Wilmore's speech a decade from now, odds are he'll have done something right..." -- Related: Here's my video about past comics at the WCHD... (http://money.cnn.com/video/media/2016/04/29/top-jokes-white-house-correspondents-dinner.cnnmoney/index.html?mc_cid=7252372523&mc_eid=[UNIQID]) ** Our post-game show on Sunday ------------------------------------------------------------ On "Reliable Sources," Sunday at 11am ET, we'll discuss President Obama's expected jabs at the press and Larry Wilmore's performance with a panel of guests including Tammy Haddad, Betsy Fischer Martin and Ron Fournier. Funny or Die head writer David Litt will also join me on set in D.C. So will noted "dinner critic" Bob Garfield. He says (http://www.npr.org/2014/05/08/310794159/when-the-watchdogs-wear-tuxedos-politicians-rest-easy?mc_cid=7252372523&mc_eid=[UNIQID]) the dinner and all the hoopla around it is "odd and ethically questionable..." -- Julia Ioffe will also join me for a live interview. If you're not familiar with what happened to her this week... The deluge of online harassment following her GQ article about Melania Trump...Get caught up here... (http://money.cnn.com/2016/04/29/technology/julia-ioffe-online-harassment/index.html?mc_cid=7252372523&mc_eid=[UNIQID]) ** Will Ferrell and "Reagan" ------------------------------------------------------------ Lisa France reports: (http://www.cnn.com/2016/04/28/entertainment/will-ferrell-ronald-reagan-movie/index.html?mc_cid=7252372523&mc_eid=[UNIQID] ) "Will Ferrell has reportedly abandoned plans to play President Reagan after outcry over portraying the former world leader when he had dementia." Maybe the media got out ahead of Ferrell on this one? A spokesman told the NY Post, "The REAGAN script is one of a number of scripts that had been submitted to Will Ferrell which he had considered. While it is by no means a 'Alzheimer's comedy' as has been suggested, Mr. Ferrell is not pursuing this project." Did some of this week's media coverage misrepresent what the project really is? I think so. THR has the must-read backstory about the script. (http://www.hollywoodreporter.com/news/will-ferrells-reagan-script-actual-888804?mc_cid=7252372523&mc_eid=[UNIQID]) "It turns out 'Reagan' is actually a good-natured and well-researched comedy that offers an 'alternate take' on seismic events in American history — a direct descendent of 1999's 'Dick,' in which Kirsten Dunst and Michelle Williams play ditzy teens who unwittingly bring down Richard Nixon." Read more... (http://www.hollywoodreporter.com/news/will-ferrells-reagan-script-actual-888804?mc_cid=7252372523&mc_eid=[UNIQID]) ** Joy Reid taking over for Melissa Harris-Perry ------------------------------------------------------------ Joy Reid, one of the hosts who filled in for Melissa Harris-Perry during her messy exit from MSNBC, is officially taking over MHP's 10/11am Saturday/Sunday time slot on MSNBC. Her first day will be next Saturday. "Reid will tackle the most important news and political topics of the week and, along with a rotating panel of journalists, will explore how these issues shape the country," the network says... ** Guilty plea from Fox's "CIA operative" who wasn't ------------------------------------------------------------ Dylan Byers reports (http://money.cnn.com/2016/04/29/media/wayne-shelby-simmons-fox-news-cia/index.html?iid=SF_LN&mc_cid=7252372523&mc_eid=[UNIQID]) from here in DC: Wayne Shelby Simmons, a recurring guest on Fox News who falsely claimed to have had 27 years of experience in the CIA, pleaded guilty to fraud against the government today. (http://money.cnn.com/2016/04/29/media/wayne-shelby-simmons-fox-news-cia/index.html?iid=SF_LN&mc_cid=7252372523&mc_eid=[UNIQID]) He acknowledged that there were no records or evidence that he was ever employed by the CIA... When appearing on Fox, Simmons was frequently called a former "operative," "analyst" or "officer." Fox declined to comment today since he was never a paid contributor, just a guest. "Nevertheless," Dylan writes, (http://money.cnn.com/2016/04/29/media/wayne-shelby-simmons-fox-news-cia/index.html?iid=SF_LN&mc_cid=7252372523&mc_eid=[UNIQID]) "the Simmons affair has been a warning to television networks that rely on the input of outside analysts whose claims to expertise are often the result of their own self-promotion and past media appearances..." ** $31 million for Bewkes last year ------------------------------------------------------------ "Time Warner CEO Jeffrey Bewkes made just under $31.5 million in 2015, down slightly from his pay a year prior, as the media conglomerate saw its stock slide sharply," Variety's James Rainey reports. (http://variety.com/2016/biz/news/time-warners-jeff-bewkes-pay-dips-slightly-to-31-5-million-in-2015-1201763584/?mc_cid=7252372523&mc_eid=[UNIQID]) Last year: $32.9 million... -- Related: A memorable correctionin the WSJ: (http://www.wsj.com/articles/facebook-revenue-soars-on-ad-growth-1461787856?mc_cid=7252372523&mc_eid=[UNIQID]) "An earlier version of this article incorrectly stated Sheryl Sandberg’s compensation. The value of her total pay rose 20% to $18.7 million, not billion." For the record -- "She got caught up in the likes." CNNMoney's Sara Ashley O'Brien writes (http://money.cnn.com/2016/04/29/technology/livestreaming-periscope/index.html?mc_cid=7252372523&mc_eid=[UNIQID]) about the use of Periscope to live-stream a rape... (CNNMoney (http://money.cnn.com/2016/04/29/technology/livestreaming-periscope/index.html?mc_cid=7252372523&mc_eid=[UNIQID]) ) -- Univision now has 100% of Fusion and a majority stake in The Onion. So the two brands are working together on a "weekly television series based on its spinoff site The A.V. Club..." (Deadline (http://deadline.com/2016/04/a-v-club-fusion-tv-show-1201746792/?mc_cid=7252372523&mc_eid=[UNIQID]) ) -- Fox News has picked up Bill O'Reilly's "Legends & Lies" series for another two seasons... (TVNewser (http://www.adweek.com/tvnewser/bill-oreillys-legends-and-lies-returns/292214?mc_cid=7252372523&mc_eid=[UNIQID]) ) ** Michaela Pereira's "New Day" goodbye ------------------------------------------------------------ CNN's "New Day" bid a fond farewell to Michaela Pereira on this morning's show. She's about to move back to L.A. and host the late morning hours on HLN. "Thank you for making the last three years a dream," Pereira said. "I’ll see you guys on the other side." Best moment: When she handed Alisyn Camerota a "Cuomo survival kit." TVNewser has the highlights... (https://twitter.com/AlisynCamerota/status/726033387094433792?ref_src=twsrc%5Etfw&mc_cid=7252372523&mc_eid=[UNIQID]) ** Snapchat + NBC for Rio ------------------------------------------------------------ Frank Pallotta reports: Snapchat and NBC will partner for the 2016 Olympic games (http://money.cnn.com/2016/04/29/media/snapchat-nbc-olympics/index.html?iid=SF_LN&mc_cid=7252372523&mc_eid=[UNIQID]) in Rio this summer. It's exactly what you would expect: Behind the scenes snaps leveraging NBC's access to athletes. Snapchat will have an NBC Rio Olympic Discover channel... And BuzzFeed will co-produce it... ** Smartest P.R. stunt of the day ------------------------------------------------------------ Allison Janney, at the White House for a ceremony drawing attention to substance abuse prevention efforts, stepped to the White House podium today, playing her "West Wing" character C.J. Cregg. "Josh is out today, I believe he has a root canal, but let's be honest, I'm better at this anyway," she joked. Was she talking about Josh Earnest or "West Wing" character Josh Lyman? CNNPolitics' Julia Manchester has the story + video here... (http://www.cnn.com/2016/04/29/politics/allison-janney-cj-cregg-white-house/index.html?mc_cid=7252372523&mc_eid=[UNIQID]) ** One story, special section in Sunday's NYT ------------------------------------------------------------ Sunday's NYT will include a 12-page special section with a single story by Sonny Kleinfield about a "woman finding her way through the early stages of Alzheimer's disease." "It's the next iteration of an idea that we first experimented with on March 28 with an eight-page section featuring Dan Barry's story of a boxing match that went horribly wrong," Tom Jolly's internal memo says. "As a bonus," after Barry's was published, advertisers reached out about it, and "we ended up with two full-page ads in this Sunday's section, plus advertising in the digital presentation..." -- More NYT news: Joe Kahn tweets: "Max Fisher and Amanda Taub of Vox will join NYT, bringing their trademark explanatory journalism to our global readers." Fisher tweets: Taub and I "are starting something new with the NYT. More to share on that soon. We’re honored to join..." ** "Punishment" on Netflix ------------------------------------------------------------ Frank emails: "The Punisher," the gun-toting take-no-prisoners Marvel vigilante,will get his own spinoff on Netflix. (http:// http://money.cnn.com/2016/04/29/media/marvel-punisher-netflix/index.html?iid=SF_LN&mc_cid=7252372523&mc_eid=[UNIQID]) The new series will star Jon Bernthal, who will reprise his role as Frank Castle. This is the sixth series to result from the partnership between Netflix and Marvel. Read more from Frank here... (http:// http://money.cnn.com/2016/04/29/media/marvel-punisher-netflix/index.html?iid=SF_LN&mc_cid=7252372523&mc_eid=[UNIQID]) ** Following up on yesterday's scare in Baltimore ------------------------------------------------------------ In yesterday's newsletter I wrote about the security scare at Fox45 in Baltimore. Security guard Joural Apostolides was hailed as a hero for containing the suspect to the lobby and keeping him calm until police arrived. Today Apostolides received acclaim from the police chief in Baltimore: In the wake of the disturbing incident, Poynter's Al Tompkins wisely asks: Is your newsroom prepared for an emergency? (http://www.poynter.org/2016/station-practices-for-an-emergency-on-live-tv/409246/?mc_cid=7252372523&mc_eid=[UNIQID]) ** Hey, send us feedback! ------------------------------------------------------------ If you could change one thing about this newsletter, what would it be? Email your feedback to [email protected] (mailto:[email protected]) . We'll be back Sunday with more media news... 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