Monday's economy stories
NBC defends not publishing Ronan Farrow's Harvey Weinstein story
In an internal memo sent Monday, NBC News chairman Andy Lack defended the organization's decision not to publish Ronan Farrow's reporting on Harvey Weinstein.
Key quote: "Farrow’s award-winning New Yorker article about Weinstein – published nearly two months after he left NBC News and five days after The New York Times piece – bore little resemblance to the draft script he produced at NBC News."
New Yorker cancels Steve Bannon event after social media backlash
New Yorker editor David Remnick issued a statement Monday disinviting former White House adviser Steve Bannon from its annual festival, following intense backlash on social media from members of the public and some of the event's other speakers.
The details: John Mulaney, Judd Apatow and Jim Carrey are among those who tweeted they would withdraw from the event after learning that Bannon was a headliner. In his statement, Remnick said that while he believes hearing from Bannon could be valuable because of the influence he has exerted on President Trump's rhetoric and way of thinking, he now understands that the festival may not be the best setting for such an interview.

None of the state minimum wages provide a family living wage
Amid gridlock in boardrooms and Congress on proposals to improve worker pay and employment conditions, state governments have taken the lead, forcing companies to raise minimums and add benefits.
The big picture: Most states have enacted minimum wages exceeding the federal $7.25-an-hour rate that's been in place for nine years. But there is a wide range of hourly rates and working conditions, and none of the state minimums provides a living wage for a family, says Oxfam in a new national study.
Myanmar sentences Reuters journalists to 7 years
Citing violations of the Official Secrets Act, a court in Myanmar has sentenced two Reuters journalists to seven years in prison. They were arrested last December while investigating the deaths of 10 Rohingya Muslims.
Why it matters: A UN report last week accused Myanmar's military of "killing indiscriminately, gang raping women, assaulting children, and burning entire villages." It called for genocide charges. An estimated 700,000 Rohingya have fled Myanmar to seek refuge in Bangladesh. The global attention on the crisis is due largely to investigative journalism by reporters like Wa Lone and Kyaw Soe Oo — now facing long jail terms for doing their jobs.

What we’re reading: TV scrambles to diversify behind the scenes
Television executives seeking talents to diversify their writing staffs in Hollywood are having difficulty finding experienced people of color and women, writes the New York Times' Cara Buckley, who concluded that it’s a “problem of the industry’s own making."
By the numbers: Network executives and others acknowledged to Buckley that scrutiny such as #OscarsSoWhite is largely responsible for the current push for more diverse candidates. But in the 2016-17 season, with more than 200 series, only 13.7% of television writers were people of color, reports Buckley. More than nine of 10 with creative and management control were white, and 80% were male.
WPP names Mark Read as CEO
WPP has named Mark Read as its new chief executive, succeeding the ad giant's founder Martin Sorrell, per the Wall Street Journal.
The big picture, via Axios' Sara Fischer: Reed, who has been expected to be named CEO for months, takes the helm after Sorrell stepped down earlier this year due to personal misconduct allegations. Sorrell, who led the company for decades, turned WPP into one of the world’s largest ad holding companies and the largest by revenue.

CNN Go pulls episodes of Anthony Bourdain's show featuring Asia Argento
CNN Go, CNN's streaming service, has pulled episodes of "Anthony Bourdain: Parts Unknown" that feature Asia Argento amid sexual assault allegations against the actress, a spokesperson for the network told BuzzFeed News.
The backstory: Argento appeared in two episodes of the show, which took place in Rome and Southern Italy. She directed another episode in Hong Kong. All three episodes can no longer be seen on the streaming service. The move comes after The New York Times reported last month that Argento paid actor and musician Jimmy Bennett $380,000 after he accused the #MeToo leader of sexually assaulting him in 2013 when Bennett was 17.

The retailers creeping up on Best Buy
A long-time fear among investors is that Amazon, the top retailer of consumer electronic products, will continue to eat away at Best Buy's market share. But traditional retailers are coming for Best Buy's niche, too.
What to watch: According to Michael Lasser, a retail analyst at UBS, healthy results from big-box stores in the consumer electronics category suggests there could be some "chipping away" at Best Buy's dominance in this area.







