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5:20 PM ET, February 3, 2016

Mediagazer

 Top News: 
Brian Steinberg / Variety:
Leslie Moonves Named CBS Chairman, Replacing Sumner Redstone  —  Leslie Moonves will become chairman of CBS Corp., a move that investors may interpret as an effort to solidify the management of the company given questions about the health of its executive chairman, Sumner Redstone, who also holds the same position at Viacom.
Greg Bensinger / Wall Street Journal:
Amazon to open 300-400 brick-and-mortar bookstores, said mall operator GGP's CEO, who later issued statement that he didn't intend to “represent Amazon's plans”  —  Amazon Plans Hundreds of Brick-and-Mortar Bookstores, Mall CEO Says  —  Amazon.com is planning to open …
Jeffrey A. Trachtenberg / Wall Street Journal:
Time Launches New Site Called ‘Motto’ for Young Women  —  Publisher aims to ramp up digital advertising with content focused on life, work and play  —  Magazine publisher Time Inc. has launched a new website called Motto aimed at younger women looking for advice about life, work and play.
Alex Weprin / Politico:
FiveThirtyEight launching six-part documentary series on presidential elections, starting February 4 with “Dean Scream”  —  ESPN's FiveThirtyEight launching a presidential documentary series  —  FiveThirtyEight, the ESPN-owned news site which emphasizes data over political punditry …
Christopher Palmeri / Bloomberg Business:
ESPN Teams Up With Tencent to Offer Sports Online in China  —  Disney sports division will provide live games, commentary  —  Accord includes NBA, college basketball and X Games events  —  Walt Disney Co.'s ESPN division will offer live games and Mandarin-language sports commentary online …
Emil Protalinski / VentureBeat:
Torrents Time lets anyone launch their own web version of Popcorn Time  —  Popcorn Time, an app for streaming video torrents, just got a new web version: Popcorn Time Online.  Unlike other attempts to bring Popcorn Time into the browser, this one is powered by a tool called Torrents Time …
Janko Roettgers / Variety:
Live Streaming Pioneer Justin Kan to Relaunch Justin.tv On Snapchat  —  Justin.tv is about to make a comeback... as a Snapchat channel: Justin Kan, founder of the pioneering live streaming site Justin.tv, announced Wednesday that he was bringing it back on Snapchat.
Discussion: Justin Kan and The Verge
Kara Swisher / Re/code:
Yahoo is exploring “strategic alternatives”, says its chairman; CEO Marissa Mayer outlines plans for $400M in cost cuts and asset sales that could bring in $1B+  —  Yahoo for Sale, Says Yahoo, Finally Admitting the Obvious (Also Q4 Results!)  —  Who cares how Yahoo's business performed in its fourth quarter?
RELATED:
Todd Spangler / Variety:
YouTube Red to launch its first original programming, three films and a series, on February 10  —  YouTube Set to Premiere First Original Movies, PewDiePie Series  —  YouTube next week is set to launch its first exclusive programming — a test of how many customers will fork over $10 per month …
Laura Hazard Owen / Nieman Lab:
Boston Globe builds election results app that refreshes every 15 seconds, available for desktop and mobile  —  The Boston Globe built an election app with one small twist to keep you glued to your phone  —  As I waited for the results of the Iowa caucuses to come in last night …
Malathi Nayak / Reuters:
Comcast Q4: beats expectations with $19.25B total revenue, up 8.5%, video subscribers up 89K; NBCU revenue up 13% to $7.5B  —  Comcast revenue beats Street as NBCUniversal, Internet units grow  —  Comcast Corp posted better-than-expected fourth-quarter revenue on Wednesday …
Sydney Smith / iMediaEthics:
Talking Points Memo Unpublishes Juan Thompson Essay, Trust with Writer ‘Irrevocably Broken’  —  Talking Points Memo unpublished a freelance first-person essay by Juan Thompson, The Intercept reporter who was fired for fabrication.  —  Talking Points Memo said it didn't believe Thompson's story …
Josh Constine / TechCrunch:
Instagram extends max video ad length from 30 to 60 seconds to attract TV dollars; max user-posted video length remains at 15 seconds  —  Instagram Extends Video Ads To 60 Seconds To Score TV Dollars  —  Instagram today announced that it began running its first 60-second video ads, starting with T-Mobile and Warner Brothers.
 
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Jeremy Barr / Ad Age:
Q4 ad revenue at digital media site Elite Daily, owned by Daily Mail's parent company, up 211% YoY, despite traffic plummeting
Amanda Connolly / The Next Web:
Instagram launches 28-part thriller series, Shield 5, posting 15-second clips daily
 

 
From Techmeme:

Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 11%+ after hours

Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; MSFT jumps 4%+ after hours

Reuters:
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok's algorithm as core to overall ByteDance systems
 
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