Good morning, Broadsheet readers! Valentina (@valzarya) here. Serena Williams takes over the Broadsheet for Black Women’s Equal Pay Day, Katie Couric is out at Yahoo, and Laurene Powell Jobs is gearing up for media world domination. Have a great Monday.
• Serena says. Today is Black Women’s Equal Pay Day. This day shines a light on the long-neglected fact that the gender pay gap hits women of color the hardest. Black women are 37 cents behind men in the pay gap—in other words, for every dollar a man makes, black women make 63 cents.
I’d like to acknowledge the many realities black women face every day. To recognize that women of color have to work—on average—eight months longer to earn the same as their male counterparts do in one year. To bring attention to the fact that black women earn 17% less than their white female counterparts and that black women are paid 63% of the dollar men are paid. Even black women who have earned graduate degrees get paid less at every level. This is as true in inner cities as it is in Silicon Valley.
Together, we will change the story—but we are going to have to fight for every penny.
Growing up, I was told I couldn’t accomplish my dreams because I was a woman and, more so, because of the color of my skin. In every stage of my life, I’ve had to learn to stand up for myself and speak out. I have been treated unfairly, I’ve been disrespected by my male colleagues and—in the most painful times—I’ve been the subject of racist remarks on and off the tennis court. Luckily, I am blessed with an inner drive and a support system of family and friends that encourage me to move forward. But these injustices still hurt.
I am in the rare position to be financially successful beyond my imagination. I had talent, I worked like crazy and I was lucky enough to break through. But today isn’t about me. It’s about the other 24 million black women in America. If I never picked up a tennis racket, I would be one of them; that is never lost on me.
Continue reading Serena Williams’ exclusive Fortune editorial here: Fortune
ALSO IN THE HEADLINES
• Stitch Fix files. Stitch Fix has reportedly filed to go public. The five-year-old company, founded by CEO Katrina Lake, sends personalized boxes of clothing and accessories to customers. The company could be looking for a valuation of $3 billion to $4 billion in the offering. Recode
• Jobs buys a mag. The Emerson Collective, the non-profit overseen by Laurene Powell Jobs, the widow of Apple founder Steve Jobs, is buying a majority stake in The Atlantic. This isn’t Powell Jobs’ first swim in media waters; Emerson Collective previously invested in Axios, an online news site launched earlier this year, and it bought News Corp.’s digital education business Amplify in 2015. Fortune
• Couric’s out at Yahoo. After three years of serving as Yahoo’s global news anchor, Katie Couric is ending her show. The move comes after more than a year of speculation that Couric’s days were numbered as the financially-troubled tech firm shopped itself around. Since joining Yahoo in 2014, Couric and her team have generated nearly 1 billion video views. Fortune
• Ellison’s expanding. Megan Ellison’s Annapurna Pictures has produced and financed—though not released—several Oscar-nominated pictures in the past five years, including 20th Century Women, Her, and American Hustle. This year, 31-year-old Ellison (daughter of Oracle co-founder Larry Ellison) tripled Annapurna’s staff to nearly 120 so it could release and market its own movies, as well as produce television shows and video games. Wall Street Journal
IN CASE YOU MISSED IT
• Comedian v. conservative. Comedian Chelsea Handler and conservative commentator Tomi Lahren faced off over the Affordable Care Act on Saturday—two days after Senate Republicans failed to repeal the health care law. Lahren repeatedly argued against the law, which President Obama signed in 2010. But she did say at one point that she’s still on her parents’ insurance plan because of it. Fortune
• The Information’s incubator. The Information founder and former Wall Street Journal reporter Jessica Lessin is launching The Information Accelerator, an incubator for news startups. Lessin and her team will offer expertise, distribution and funding to reporters and entrepreneurs to build a subscription-based news publication. The deadline for applications is September 1, 2017. The Information
• The glam life of Liz Smith. In the 1980s, Liz Smith, now 94, was the most powerful gossip columnist in the country. She “sheltered Ivana Trump from other gossip-hounds; traveled the world with Elizabeth Taylor and Richard Burton; and during her tenure at The New York Post broke the story of Mr. [Rupert] Murdoch’s divorce—from his point of view, of course.” New York Times
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ON MY RADAR
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Sheryl Sandberg: It’s a mistake that we don’t teach little girls to lead Fortune