Colin Stutz, writing at Billboard:

According an anonymous former employee who wished to remain anonymous, the root of these problems is improper money management where PledgeMusic failed to hold artists’ campaign funds separately and securely and instead invested it back into the company. The idiom “robbing Peter to pay Paul” came up in many conversations describing PledgeMusic’s actions and as the company’s growth slowed the situation worsened. Over the last year, according to the former employee, in effort to reduce overhead, PledgeMusic also laid off about a third of its U.S. staff and moved out of its New York offices into a WeWork shared workspace.

The Wall Street Journal:

Magazine publisher Condé Nast said it would put all its titles behind paywalls by the end of the year, as pressure builds on major publishers to generate more revenue beyond advertising.

I am curious to see what they do with Pitchfork.

The Atlantic:

We spent 12 months investigating various lawsuits and allegations against Singer. In total, we spoke with more than 50 sources, including four men who have never before told their stories to reporters. A man we’ll call Eric told us that he was 17 in 1997 when he and Singer had sex at a party at the director’s house; another we’ll call Andy says he was only 15 that same year, when he and Singer had sex in a Beverly Hills mansion. Both men say Singer, who was then in his early 30s, knew they were under 18, the age of consent in California. (They asked The Atlantic to conceal their identity for fear of retaliation, and because they didn’t want certain details about their past made public.)

Scott Tobias, writing at The Ringer:

Fyre and Fyre Fraud arrive at many of the same conclusions about what happened with the festival, and both documentaries place much of the blame on McFarland, a scam artist who was subsequently sentenced to six years in federal prison for wire fraud. However, the major difference between them is that the Hulu doc has an exclusive interview with McFarland and the Netflix doc does not. In the course of preparing a profile on Chris Smith (American Movie, Jim & Andy: The Great Beyond) for The Ringer, coming later this week, I asked Smith on Monday about the Hulu documentary that was released earlier in the day. What he said wound up sparking a kind of ethics-off between the two camps.