Morning Media Newsfeed: YouTube to Acquire Twitch | Abramson Speaks | Pilhofer to Guardian

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YouTube to Acquire Videogame-Streaming Service Twitch for $1 Billion (Variety)
Google’s YouTube has reached a deal to buy Twitch, a popular videogame-streaming company, for more than $1 billion, according to sources familiar with the pact. If completed the acquisition would be the most significant in the history of YouTube, which Google acquired in 2006 for $1.65 billion. The impending acquisition comes after longtime Google ad exec Susan Wojcicki was named CEO of YouTube earlier this year. SocialTimes As more consumers cut the cord in search of alternative forms of entertainment, Twitch has experienced impressive growth. In 2013, the service had more unique monthly users than Netflix and Hulu, and it jumped into the top 15 online services recently, passing HBO Go in terms of bandwidth. Mashable More than 1 million gamers broadcast on Twitch each month through Xbox One, PlayStation 4 and their computers; more than 45 million people log on to watch each month. Since its founding in 2011, Twitch has raised more than $35 million in funding. And let’s not forget Twitch Plays Pokémon earlier this year, which was possibly one of the most popular open source gaming experiences ever. GigaOM The Twitch acquisition could help YouTube finally get a foothold in the live video space. Live video has been a complicated subject for YouTube. The video service started to dabble with live streaming all the way back in 2010. In reality, live still doesn’t get big enough audiences to warrant high ad prices, and the fragmented nature of live streaming on YouTube hasn’t made it easier to win over big brands. Twitch has been the one notable exception to this move away from ad-supported live streaming.

Former NYT Executive Editor Jill Abramson Delivers Wake Forest Commencement Address (FishbowlDC)
Monday morning at Wake Forest University in Winston-Salem, NC, ousted New York Times executive editor Jill Abramson delivered the university’s commencement address to graduates and their guests. Capital New York Abramson stuck to the commencement address playbook on Monday in her first public comments since being dismissed from the Times, using her firing to offer Wake Forest University’s class of 2014 advice in addressing personal adversity. Abramson accepted the invitation to speak at the event several months ago, well before her surprise ousting last week. She spoke with school officials a day after her firing, and agreed to go on with the speech, titled “The Importance of A Truly Free Press,” as planned. HuffPost “It was the honor of my life to lead the newsroom,” she said, adding that there was “not a chance” she will remove her signature Times “T” tattoo. She said that her sister called her Thursday, one day after she had been fired, and told her that their father would have been proud. “It meant more to our father to see us deal with a setback and try to bounce back, than watch how we handled our successes. Show what you are made of, he would say,” Abramson said. Poynter / MediaWire Publisher Arthur Sulzberger said Saturday in a statement that her firing was the result of management issues and that she had lost the support of masthead colleagues. He said complaints about her included “arbitrary decision-making, a failure to consult and bring colleagues with her, inadequate communication and the public mistreatment of colleagues.” She addressed none of that directly. But in his introduction of Abramson, Al Hunt, Bloomberg View columnist and Wake Forest graduate, described her as “pushy” in her commitment to accountable reporting. TVNewser The cable news networks covered the address. MSNBC’s Melissa Harris-Perry — a Wake Forest alum and new professor at the University — did live shots from campus as did NBC News correspondent Rehema Ellis. CNN and Fox News too also dipped into Abramson’s address, during which she told the graduates she feels like one of them: “What is next for me? I don’t know. So I’m in exactly the same boat as many of you. And like you, I’m a little scared, but also excited,” Abramson said.