Top News:
Vindu Goel / New York Times:
Yahoo scraps Alibaba spinoff plan, will spin off core assets including stake in Yahoo Japan; Max Levchin resigns from board — Yahoo to Spin Off Its Core Businesses — SAN FRANCISCO — Yahoo said on Wednesday that it had dropped a plan to spin off its $31 billion stake in Alibaba, the Chinese e-commerce company.
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Bloomberg Business:
CBS CEO Les Moonves says Apple puts live TV plans on hold; source says media firms want more money for their programming — Apple Said to Suspend Effort to Develop Live TV Service — Focus instead will be on App Store as platform for others — Media companies resist channel package at $30 to $40 a month
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Hannah Karp / Wall Street Journal:
Sources: Spotify to test allowing some musicians to temporarily withhold music from ad-supported version of the service — Spotify to Allow Some Musicians to Withhold Music From Free Service — Last year Taylor Swift pulled her entire catalog from Spotify because the streaming service …
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Oliver Darcy / The Blaze:
Leaked Memo: BuzzFeed Editor-In-Chief Says It's ‘Entirely Fair’ to Call Trump a ‘Mendacious Racist’ — BuzzFeed Editor-In-Chief Ben Smith wrote in an email to his editorial staff Tuesday that calling Republican frontrunner Donald Trump a racist on social media does not violate the company's ethics guidelines.
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Arianna Huffington / The Huffington Post:
Arianna Huffington announces The Huffington Post will no longer relegate Trump to its entertainment section, noting his impact on other candidates
Arianna Huffington announces The Huffington Post will no longer relegate Trump to its entertainment section, noting his impact on other candidates
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Guardian, ABC News, TVNewser, New York Times, Foreign Policy, BBC, Washington Post, Business Insider, Here & Now, FishbowlDC, Variety, @ezraklein, Vox, Mediaite, Vanity Fair, The Wrap, bookforum.com, American Press Institute, Fortune, Poynter, Washington Times, USA Today, Donald J Trump for President, Fox News, Talking Points Memo and Fast Company
Lukas I. Alpert / Wall Street Journal:
Tribune Media Invests $25 Million in Dose and OMGFacts — Venture founded by Emerson Spartz specializes in identifying, creating viral content — Emerson Spartz began his media career with the Harry Potter blog he created at the age of 12. Fast forward 16 years and he is still channeling …
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Re/code, Ad Age, Chicago Tribune, @pkafka, Built In Chicago and AdExchanger
Paul Farhi / Washington Post:
Diane Rehm, host of her self-titled news show that aired nationally on NPR for two decades, plans to retire after 2016 election — Diane Rehm, an NPR staple, eyes retirement from broadcasting — Diane Rehm, the host of one of public radio's longest-running and most popular news discussion programs …
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Jezebel, Mediaite, New York Times, Talking Points Memo, Radio & Television …, CNNMoney, @brianstelter and Politico
Paresh Dave / Los Angeles Times:
ESports video streamer Azubu gets nearly $60 million in debt sale — Azubu is competing with Twitch and YouTube to be the go-to app for watching people compete in video games. — Azubu Inc. is taking on Twitch and YouTube. Those two huge online distributors of video about video games have deep pockets.
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VentureBeat, Forbes and Fortune
Mike Shields / Wall Street Journal:
Sources: some media firms are pulling back from syndicating videos with AOL On network, uncertain where their videos appear — AOL On's Video Distribution Troubles Media Partners — Network syndicates 2.5 million videos from media companies to place on websites
Peter Kafka / Re/code:
Apple News app updates with a Top Stories tab curated by editors and adds ComScore integration so publishers can get credit from advertisers for traffic — Apple Updates Its News App to Make It More Like a ... Newspaper — Apple is tweaking its News app, with hopes of making …
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9to5Mac, CNET, MacStories, TrustedReviews, SiliconANGLE, MacRumors, App Advice, iDownloadBlog.com, Forbes, The Next Web and AppleInsider
Mark Sweney / Guardian:
Time Out to cut about 40 staff in UK and US — Listings title aims to focus on digital as it becomes a global multimedia business — Time Out is to cut about 40 staff at its UK and US operations as part of a strategic refocus of the listings magazine into a global multimedia business.
Dana Rubinstein / Politico:
Port Authority to weigh $25M in incentives for 21st Century Fox and News Corp at 2 World Trade Center; firms would commit to 1.5M square feet for 30 years — Port and New York State consider subsidizing News Corp. lease — New York State and the Port Authority are considering giving …
Discussion:
The New York Observer and The Real Deal New York
Mark Scott / New York Times:
Europe to create a digital single market in which digital content can be temporarily viewed throughout the EU regardless of European country of purchase — Europe Plans to Ease Copyright Rules on Using Digital Content — Europe's policy makers on Wednesday will announce far-reaching plans …
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