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11:05 AM ET, January 21, 2016

Mediagazer

 Top News: 
Barry Wilner / Associated Press:
Facebook launches Sports Stadium, a hub for American football now, other sports soon, offers real-time chats, stats, media commentary, more  —  Facebook's Sports Product to Launch During NFL Championships  —  There's a new stadium in town.  Actually, in every town.  —  It's on Facebook.
Ravi Somaiya / New York Times:
Gawker to sell minority stake to Columbus Nova Tech Partners, pending shareholder approval, to fund video and e-commerce growth, lawsuit defense  —  Gawker Media Plans to Sell Minority Stake to Investment Company  —  Gawker Media plans to sell a minority stake to the investment company …
RELATED:
Peter Sterne / Politico:
Judge recommends mediation in Gawker-Hulk Hogan trial  —  The state court judge overseeing professional wrestler Hulk Hogan's $100 million lawsuit against Gawker Media has recommended that the parties seek mediation rather than a trial, according to court documents.
He Huifeng / South China Morning Post:
Weibo to expand its 140-Chinese-character limit on messages up to 2K, trial starts January 28, rolling out to all 500M users on February 28  —  China's Weibo follows Twitter in controversial move to ditch 140-character limit, says users can soon waffle on for up to 2,000  —  Main menu
Kurt Wagner / Re/code:
News Corp denies rumors stemming from CNBC segment that it's interested in buying Twitter  —  Twitter's Stock Surged, Then Slipped on Takeover Speculation  —  Twitter's stock received a healthy boost Wednesday afternoon thanks to market speculation that the media giant News Corp may be interested …
ExaroNews:
Leaked 500 page draft report into Jimmy Savile scandal criticizes “deferential culture”, “untouchable stars”, and “above the law” managers at BBC  —  Jimmy Savile: Janet Smith's damning review leaked to Exaro  —  BBC's ‘deferential culture’, ‘untouchable’ stars and ‘above the law’ managers blamed
Associated Press:
Viacom cuts Sumner Redstone's salary by 85% to $2M amid questions about his health and competence  —  Viacom slashes exec pay amid lawsuit over Redstone's health  —  LOS ANGELES (AP) — Viacom Inc. on Wednesday pre-released details about executive pay that show an 85 percent drop in compensation …
RELATED:
Mike Farrell / Multichannel News:
Activist shareholder SpringOwl releases 99-page report calling for Viacom chairman and management team ouster
Discussion: Broadcasting & Cable
Kelly Liyakasa / AdExchanger:
Google rolling out “Real-time ads”, pre-planned ads that appear at specific times, first for select brands, then more broadly later this year  —  Google Debuts ‘Real-Time Ads’ To Drive Live Engagement  —  Google sounds more and more like Twitter, heralding ways marketers can tap into live events for engagement.
Henry Mance / Financial Times:
Pearson unveils £320M restructuring plan that includes 4,000 job cuts, and caps dividend due to weak earnings  —  Pearson to cut 4,000 jobs as it warns on profits  —  Pearson has unveiled a £320m restructuring plan that will cut one-tenth of its workforce …
Shannon Bond / Financial Times:
Panoply launches Megaphone, offering podcasters hosting, distribution measurement and ad placement  —  Panoply launches advertising technology for podcasts  —  Panoply, the podcast network owned by digital publisher Slate, is launching a technology that will enable the company to track …
Jasper Jackson / Guardian:
The Sun drops standalone politics site  —  Sun Nation, launched as a ‘loud and disruptive’ force before the general election, has been absorbed into the main website now the paywall has been axed  —  The Sun has called time on its standalone politics site, less than a year after it launched as a …
Discussion: Guido Fawkes
Sky News:
Around 900 jobs are under threat at telecoms firm Virgin Media after it announced plans for a shake-up.  —  The group, owned by US giant Liberty Global, warned that the redundancies were likely over the next two years as it undergoes a structural shake-up.  —  Chief executive Tom Mockridge said …
 
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 More News: 
Benjamin Mullin / Poynter:
Hearken, which sells software that helps journalists identify which stories their audience wants, raises $700K
Discussion: @wearehearken
Richard Tofel:
Print newspaper circulation numbers for weekdays fell dramatically between 2013 and 2015
 Earlier Picks: 
Erin Griffith / Fortune:
How Buzzfeed's fastest-growing Facebook page, Proper Tasty, amassed 3.7M followers and 190M video views in one month: niche content tailor-made for the platform
Thanks:@steverubel
Wall Street Journal:
Q&A with ESPN president John Skipper on cord-cutting, streaming TV, and niche sites like The Undefeated and FiveThirtyEight
 

 
From Techmeme:

Kent Walker / The Keyword:
Google says the DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers, and jeopardize the US' global tech leadership

Paige Smith / Bloomberg:
The CFPB will supervise tech companies with digital wallets, like Apple Pay, Google Pay, and Venmo, with 50M+ annual transactions, treating them more like banks

Hannah Lang / Reuters:
Sources: a16z, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which is expected to set up a bitcoin reserve
 
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