Top News:
Antoine Gara / Forbes:
New investor and biotech billionaire Patrick Soon-Shiong licenses 100+ “machine vision” and AI patents to Tribune Publishing and gives access to studio space — Tribune Publishing, owner of the Los Angeles Times and Chicago Tribune, does not want to merge with Gannett, publisher of USA Today.
RELATED:
Tribune Publising Co.:
Tribune receives $70.5M investment from Nant Capital to support transformation strategy, taking 12.9% stake; Nant founder to join Tribune board as Vice-Chairman — Tribune Publishing Co. (NYSE:TPUB) today announced that it has entered into an agreement under which it will receive …
Discussion:
The Wrap, @kdoctor, New York Times, Reuters and Wall Street Journal
Brian Flood / The Wrap:
Tribune rejects Gannett's offer to buy; CEO Justin Dearborn says $15 per share for entire company is “clearly inadequate” — Tribune Publishing has rejected Gannett's revised takeover bid of $864 million, saying it's “not in the best interests of Tribune shareholders.”
Paul Bond / Hollywood Reporter:
Sumner Redstone Asks Court to Approve His Removal of Philippe Dauman From Trust — On Friday, Redstone removed the the Abrams and Viacom CEO Dauman, but the same day Dauman claimed that the 92-year-old billionaire “lacks the capacity to have taken these steps.”
Discussion:
Recode, Broadcasting & Cable, Radio & Television … and CNNMoney
RELATED:
Eriq Gardner / Hollywood Reporter:
Viacom CEO Philippe Dauman and George Abrams file lawsuit contesting removal from Sumner Redstone Trust, accuse his daughter of manipulating him
Discussion:
@tatianasiegel27
David Lieberman / Deadline:
In statement, Sumner Redstone opposes sale of Paramount stake and calls claims he's incapacitated “false and unfair”
Discussion:
New York Times, Bloomberg, Fortune, Recode, @tweetbrk, @emilysteel, @hilaryr, New York Times, Broadcasting & Cable, Hollywood Reporter, @mathewi and Variety
Joseph Lichterman / Nieman Lab:
BuzzFeed is building a New York-based team to experiment with news video — When you think of BuzzFeed video, you probably think of “27 Weird Things Guys Lie To Each Other About” or the Tasty recipe videos that have taken over your Facebook feed. — BuzzFeed has made a huge commitment …
Discussion:
@buzzfeedben
Tim Ingham / Music Business Worldwide:
Filing shows in 2015 Spotify had $2.18B in revenue, losses of $194M, and 98% year-over-year ad revenue increase to $219M — Spotify brought in a whopping $2.18bn (€1.95bn) in revenues in 2015, growing its income by 80% in the year. — Net losses stood at a painful $194m (€173.1m) …
Discussion:
@danprimack and hypebot
Tom Kludt / CNNMoney:
Michelle Fields, ex-Breitbart reporter allegedly assaulted by Donald Trump's campaign manager, joins the Huffington Post to cover the candidate's 2016 run — Michelle Fields, the conservative reporter who had Donald Trump's campaign manager charged with battery, has a new job.
Discussion:
New York Times, The Daily Caller, @mxmooney, @becketadams, @tomkludt, @brianstelter, FishbowlNY and Mediaite
Sydney Ember / New York Times:
Adelson claims he hasn't meddled in the Las Vegas Review-Journal newsroom, but staffers suspect otherwise and continue to leave — In late January, about a half-dozen reporters from The Las Vegas Review-Journal gathered at a colleague's apartment after work.
Discussion:
@brucetomaso, @ralstonreports, @pamelapaulnyt, @jimrutenberg, @melbournecoal, @dispatchsully, @petersterne, @ennisnyt and @brianstelter
Jason Abbruzzese / Mashable:
NBC Sports announces a video livestreaming service, Playmaker Media, to compete with companies like MLB Advanced Media, with Olympic Committee as first client — NBC Sports has announced a new video livestreaming service called Playmaker Media, which will look to compete with companies …
Discussion:
NBC Sports Pressbox and SportsBusiness Daily
Financial Times:
Digital media companies like BuzzFeed, PopSugar, and Tastemade use food videos to drive traffic and advertising — Companies such as BuzzFeed showcase cooking as drivers of traffic in bid to attract advertisers — More than 100,000 people signed a petition this week in protest at the BBC's plan …
National Union of Journalists:
NUJ: Vice's UK management try to form staff councils to dilute support for unionising — Vice management are making moves to form a staff council after they ran a week-long staff survey comprised of only three questions - Do you want a staff council? Rank your most important issues …
Discussion:
Guardian
Chris O'Shea / FishbowlNY:
Wenner Media launches digital-first only brand, gaming site Glixel; will soon be added to Rolling Stone site's culture vertical — Wenner Media is betting that video game culture is here to stay with the launch of Glixel, a site that will cover the world of gaming.
Discussion:
@pkafka
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