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3:15 PM ET, June 21, 2016

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 Top News: 
Kurt Wagner / Recode:
Twitter and Vine to support 140 second videos, will share revenue with influential Vine creators  —  Vine is expanding its video limit to 140-seconds.  —  There are a lot of places you can go on your phone to watch videos — Facebook, YouTube and Snapchat are a few popular options.
Wall Street Journal:
Document lists deals with media firms and celebrities for Facebook Live, totaling $50M+ on nearly 140 contracts; BuzzFeed is highest paid at $3.05M for one year  —  Nearly 140 contracts with video creators total more than $50 million  —  Facebook Inc. is paying an array of media companies …
RELATED:
Sarah Perez / TechCrunch:
Tumblr launches live video support in partnership with YouTube, YouNow and others; 15 media partners committed to publishing videos, including MTV  —  Tumblr this morning announced support for live video on its service, confirming our report from yesterday that such a move was in the works.
Benjamin Mullin / Poynter:
Politico's Playbook could be delivered more than once a day, with new authors Jake Sherman and Anna Palmer considering introducing 90-second audio briefings  —  When Mike Allen launched Playbook in 2007, he promised to deliver his agenda-setting newsletter to a D.C. crowd obsessed with Treos (remember those?) and Blackberries.
Discussion: @poynter, @whatthebit and USA Today
Liana B. Baker / Reuters:
Eldridge Industries, owner of The Hollywood Reporter and Billboard, hires bankers to review media holdings  —  Eldridge Industries, the U.S. owner of TV production company Dick Clark Productions and magazines Billboard and The Hollywood Reporter, told Reuters on Friday that it had hired investment banks …
Mike Shields / Wall Street Journal:
Spotify expands its ad sales operation as it seeks to maximize ad revenue; ad sales have doubled YoY for last two years  —  Music streaming CEO courts marketers at Cannes as sales operations expand  —  Jeff Levick, chief revenue officer at Spotify AB, remembers how the advertising side …
Discussion: @digitalshields, Variety and The Verge
Jeremy Barr / Ad Age:
Report: ad blocking to grow 34% among US internet users this year to nearly 70M, will grow to 86.6M in 2017  —  Publishers would love internet users to decide that, actually, they don't need to install an ad-blocker on their browser of choice.  But a new report from research firm eMarketer suggested …
Joseph Lichterman / Nieman Lab:
Washington Post experiments with limiting access from social by asking for email addresses from non-paying, logged out online readers  —  Even as it boasts of record traffic, The Washington Post is apparently looking at ways to make it a little more difficult for people to read its journalism for free.
Janko Roettgers / Variety:
BitTorrent considering launching “lean” TV news channel, BitTorrent News, in time for fall election, based on job listing for news director in San Francisco  —  BitTorrent is considering the launch of a TV news network for its live streaming service in time for the election this fall, Variety has learned.
Noah Kulwin / Recode:
Tronc's latest branding video discusses content funnels and AI, resembles an Adult Swim parody, and draws criticism online for its use of buzzwords  —  Content funnels.  Artificial intelligence.  Optimize.  —  Last month, newspaper chain Tribune Publishing rebranded itself as Tronc …
Steven Perlberg / Wall Street Journal:
New York Times Chief Executive Mark Thompson says paper will launch ad-free option for subscribers in response to the rise of ad-blockers  —  CEO Mark Thompson says readers can pay more to ditch ads online amid rise in ad-blocking adoption  —  New York Times Co. Chief Executive Mark Thompson confirmed plans …
 
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 More News: 
Todd Spangler / Variety:
Mashable buys YouTube channel CineFix, with over 1.6M subscribers, from Whalerock Industries
 Earlier Picks: 
Peter Kafka / Recode:
Taylor Swift, U2, other artists, sign open letter calling on Congress to rewrite DMCA legislation
 

 
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

Ben Glickman / Wall Street Journal:
The US awards Micron up to $6.1B under the CHIPS Act, to back an up to $125B investment to build a megafab in New York and a fab in Idaho over the next 20 years
 
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