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1:00 PM ET, April 27, 2016

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 Top News: 
Wall Street Journal:
Sources: Comcast in talks to buy DreamWorks Animation for $3B+, would likely merge DreamWorks with Universal Pictures  —  Comcast in Talks to Buy DreamWorks for More Than $3 Billion  —  Deal would join DreamWorks with Comcast's Universal Pictures  —  Comcast Corp. is in talks …
RELATED:
Shalini Ramachandran / Wall Street Journal:
Comcast Q1: beats expectations with revenue up 5.3% to $18.79B, profit up to $2.13B, adds 53K video customers
Michael Hiltzik / Los Angeles Times:
Tribune Publishing's Michael Ferro criticizes Gannett for pressing for board decision on $400M takeover bid before he can unveil strategic plan on May 4  —  Tribune Publishing Chairman Michael Ferro says Gannett is ‘trying to steal the company’  —  Chicago's Tribune Tower.
RELATED:
Peter Sterne / Politico:
Esquire removes satirical article by “Prof. Jeff Jarvis” after request from real Jeff Jarvis  —  Esquire removes satirical article after criticism  —  Late on Tuesday night, Esquire.com removed a satirical article written by Rurik Bradbury that it had published online earlier in the day.
Casey Newton / The Verge:
None of the changes Twitter made over the past year have broadened the appeal of the core service  —  Nothing Twitter is doing is working  —  Twitter reported its first-quarter earnings today, and they came in under expectations: the company's haul of $595 million was less than the $607.8 million …
RELATED:
Ingrid Lunden / TechCrunch:
Twitter reports mixed Q1 with $595M in revenue, up 36% YoY but less than $608M expected, 310M MAUs, up 3% YoY; stock drops 13%+ after hours
Anthony Ha / TechCrunch:
YouTube debuts non-skippable, 6-second Bumper ad unit, to complement existing ad formats  —  YouTube introduces six-second Bumper ads  —  YouTube announced a new ad format today that's all about brevity.  —  In a blog post, Product Manager Zach Lupei said YouTube has been exploring formats …
Benjamin Mayo / 9to5Mac:
Apple Music now has 13 million paying subscribers, up from 11 million in February  —  Alongside its announcement of Apple's quarterly earnings, its first revenue decline since 2003, Apple has also announced latest numbers for Apple Music, its $9.99 per month streaming music service.
Joan E. Solsman / The Wrap:
Sources: Amazon Studios is in early-stage talks with VR companies about making original VR content  —  Amazon in Talks to Create Virtual Reality Content (Exclusive)  —  Amazon is in talks with virtual-reality companies about developing original virtual-reality content, multiple people familiar with the matter told TheWrap.
Peter Sterne / Politico:
Las Vegas Review-Journal columnist John L. Smith resigns after paper prevented him from writing about Sheldon Adelson and another casino owner, Steve Wynn  —  Las Vegas Review-Journal columnist resigns  —  Las Vegas Review-Journal columnist John L. Smith resigned from the paper on Tuesday …
Olivier Laurent / TIME:
Getty Images files EU antitrust complaint against Google for scraping pics from websites, displaying and allowing downloads of hi-res images  —  Google Accused of Enabling Photography Piracy  —  Photography company Getty Images is accusing Google of scraping images from third party websites …
Alexandra Alter / New York Times:
Barnes & Noble's Longtime Leader, Leonard Riggio, Is Stepping Down  —  When Leonard Riggio bought Barnes & Noble in 1971, it consisted of a single struggling store in Manhattan.  Over time, with swagger and an unwavering belief in the value of physical bookstores, he turned it into the country's largest bookselling chain.
 
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 More News: 
Ricardo Bilton / Nieman Lab:
A new podcast from Mic and The Economist aims for a global perspective on the 2016 election
Discussion: Politico
Peter Sterne / Politico:
The New Republic names Eric Bates editor and owner Win McCormack editor in chief
Mario Le Content:
Think pieces about saving media are simply desperate, gut-wrenching cries for help as newspapers close, websites announce layoffs, and money becomes more scarce
Colin Lecher / The Verge:
How FCC's reallocation of TV spectrum to the wireless industry over the next few years will work
 Earlier Picks: 
Mike Shields / Wall Street Journal:
YouTube capturing only a sliver of TV ad spending, with higher CPMs and content quality among the major concerns for advertisers
Alex Weprin / Politico:
Source: Conservative news site The Blaze, owned by Glenn Beck, loses co-founder and Editor-in-Chief Scott
Discussion: The Daily Caller
Stanford:
Times-Picayune managing editor for print, Adriana Garcia, amongst 2016-17 JSK fellows
 

 
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 12%+ 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

Tom Warren / The Verge:
Sources: Microsoft is prioritizing security over new features to win back consumer trust, as it scrambles to respond to new attacks from Russia-linked hackers
 
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