Situational awareness: Spotify is acquiring Parcast, a podcast studio that focuses on true crime and mysteries.
Happening today: The 2nd Circuit Court of Appeals in New York will hear a case against President Trump for blocking people on Twitter. The outcome could set an important precedent on whether public officials can block people from their official accounts. Go deeper.
Illustration: Rebecca Zisser/Axios
Apple paraded some of Hollywood's biggest stars on stage Monday to unveil its master plan to take on the media business.
Details: The cornerstone of Apple's big media reveal — Apple TV — ended up being the least fleshed out.
Yes, but: Apple did provide a lot more details around Apple News Plus, its news service that was built on the back of "Texture," an app it acquired last year that's been dubbed the "Netflix of magazines."
The big question: There's still a lot of confusion about what incentive media companies have to be a part of Apple's subscription services, since Apple takes a cut of revenue that those companies would make selling subscriptions on their own.
Be smart: The Wall Street Journal has become the test example of how to toe that line. It's giving away its content for much less money via Apple News Plus, but will reportedly be giving Plus subscribers access to only three days of its content archive.
Go deeper: Read the full story by Kia Kokalitcheva and me.
Apple's genius under Steve Jobs lay in focusing on a very small number of unique products, but its new offerings are scattershot additions to already crowded media marketplaces, Axios' Scott Rosenberg reports.
Be smart: In the Jobs era, Apple made a point of not announcing products until they were ready to ship. But many of the media offerings unveiled yesterday lacked basic details on pricing, timing, and lineup — and won't be available for months.
Google is launching the "Local Experiments Project," an effort to fund dozens of new local news websites in small cities around the country and eventually around the world.
Why it matters: Big tech companies like Google and Facebook are often blamed for the demise of the local news business model. Now, both are trying to fix the broken local news ecosystem for the sake of their audiences, which they say crave more local news.
Details: The first effort within the new project will be ‘The Compass Experiment," which is a partnership between Google and McClatchy to launch 3 new, digital-only local news operations on multiple platforms.
What's next: If successful, Google may expand its tools and services to enable others to launch similar sites in other places in the U.S. and around the world.
Go deeper: Read the full piece.
Illustration: Lazaro Gamio/Axios
Millennial-based financial services company Robinhood made its first-ever acquisition yesterday, purchasing MarketSnacks, a media company that produces a daily financial news podcast and newsletter.
Why it matters: It's never been a harder time for brands to reach distracted consumers with organic marketing. As a result, companies are launching their own media services to communicate more effectively to customers.
The bottom line: Robinhood wasn't the first company with this idea and it certainly won't be the last. But it has done something we haven't seen in a while — it's acquired an existing news company as a brand, instead of building its own.
Since the start of the year, web traffic around articles related to Robert Mueller, the Mueller probe, etc., averaged roughly 15 million page views per day, according to traffic analytics company Chartbeat.
The big picture: While the probe was newsworthy (it resulted in 37 criminal indictments on nearly 200 criminal accounts), some pundits argue that the media was too hysterical in how it presented the situation over the past 2 years,
leading viewers to believe that something explosive would almost certainly be uncovered.
What's next ... déjà vu: News outlets covering Rep. Alexandria Ocasio-Cortez are experiencing something similar to the "Trump Bump," as she attracts TV ratings and web traffic, Bloomberg's Gerry Smith reports.
Pinterest, the social bookmarking platform, on Friday filed for an IPO that should result in its shares being traded next month on the New York Stock Exchange.
Between the lines: Pinterest will be going public just after Instagram introduced an in-app e-commerce feature. This doesn't go at the heart of Pinterest's business, which is more about promoted pins than its "shop the look" pins, but it is a bit reminiscent of how Instagram introduced its Stories feature as Snap was gearing up for its own IPO.
Go deeper: Read the full story from Dan Primack and me.
Barbara Walters feared hiring Gayle King as a moderator for "The View" in 2007 because she worried King's good friend Oprah Winfrey would somehow "hijack" the show, according to an excerpt from the soon-to-be published book "Ladies Who Punch: The Explosive Inside Story of 'The View','" by Variety's New York bureau chief Ramin Setoodeh.
The bottom line: "The thing that made King famous — her connection to Oprah — also worked against her with 'The View,'" Setoodeh writes. "Barbara worried that Oprah might try to somehow hijack 'The View,' leading to another ugly turf war after Rosie O'Donnell."
A majority of parents in the U.S. say they resort to "digital grounding," or taking away their child's phone or internet as punishment for bad behavior, according to a new report from Pew Research Center.
Why it matters: Per Axios' Scott Rosenberg: "Since many parents use digital devices to pacify their children 'digital grounding' can be a double-edged sword. Take away the device and suddenly you have to deal with the kid again."