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12:40 PM ET, August 29, 2016

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 Top News: 
Ken Meyer / Mediaite:
Facebook's Trending News section features fake story about Megyn Kelly being fired, is shared thousands of times before finally being removed  —  Facebook has taken a story off its “Trending News” section after it was discovered to be a fake piece about Megyn Kelly being fired from Fox News.
Brian Feldman / New York Magazine:
To serve advertisers, digital media companies are shifting away from text and pictures toward video, a hard move for small web properties with few resources  —  It's been a big, weird year for the media industry.  Gawker, the pioneering blog, declared bankruptcy and was sold off to Univision …
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Michael Wolff / USA Today:
As Google and Facebook dominate advertising, the digital media market is likely to shrink and consolidate; strategies up until now have all been untested bets  —  Not too long ago, a senior figure at BuzzFeed told me at a private lunch that although BuzzFeed was going strong, everybody else in digital media was screwed.
Alex Koppelman / CNNMoney:
AP Executive Editor Kathleen Carroll defends the news wire's story about meetings Clinton took as secretary of state, says tweet was “sloppy”  —  Associated Press Executive Editor Kathleen Carroll is defending her organization's controversial investigation into meetings Hillary Clinton took …
Neil MacFarquhar / New York Times:
Russia increases the flow of false news stories spread in EU and US on social media and outlets like Sputnik, sometimes spilling into traditional news media  —  STOCKHOLM — With a vigorous national debate underway on whether Sweden should enter a military partnership with NATO …
David Folkenflik / NPR:
Although Hillary Clinton has held no press conferences in 2016, she's given 350 interviews in first seven months the year, favoring national TV and local radio  —  Hillary Clinton has not held a single press conference since the start of 2016, triggering charges that she's trying to duck questions from reporters on the campaign trail.
Trevor Timm / Freedom of the Press Foundation:
Questions for those cheering the demise of a media organization at the hands of a legal system  —  Gawker.com, the pioneering and controversial media blog, officially died yesterday.  It was killed by billionaire Peter Thiel in his successful quest to bankrupt Gawker Media Group through …
James Barron / New York Times:
Penguin Random House partners with NYC transit to launch Subway Reads, a temporary service providing subway passengers with free e-books for their commute  —  Rainier Velardo watched the basketball-player-tall man in the blue shirt who sat down next to him — the man had gotten on at the last subway stop …
Ingrid Cobben / WAN-IFRA:
Q&A with editor-in-chief Lea Korsgaard of Denmark's Zetland on building a reader-funded publication  —  In order to succeed in the new media market, you have to rethink the relationship between journalists and readers, according to Danish publication Zetland, which is well on the way to building …
Discussion: @orskov
Jon Talton / Rogue Columnist:
A look back at the importance of newspapers and their buildings amid a wave of demolitions  —  Apparently, most Americans learned about the death spiral of metropolitan newspapers and the consequences from watching John Oliver.  Then they went back to kitten videos on social media.
Discussion: @jontalton and @marynewsom
Oliver Darcy / Business Insider:
The dominance of Drudge, Breitbart, Hannity, and Coulter and their Trump support have damaged Republican party, other conservative media figures say  —  Sean Hannity, sitting comfortably in his air-conditioned New York studios on a hot August afternoon, was on a fiery rant.
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The Verge:
Inside NBC's Olympic live streaming operation, which required a remote support staff of 1,100+ in Stamford, Connecticut
Lauren Zumbach / Chicago Tribune:
Amazon is opening an offline bookstore in Chicago's Lakeview neighborhood next year; the online retailer opened its first store in Seattle last fall
 

 
From Techmeme:

George Steer / Financial Times:
Nvidia closed down 10% on Friday, falling the most since March 2020 and losing more than $200B of its market value, as investors pull back from AI bets

Foo Yun Chee / Reuters:
Sources: EU may accept Apple's proposal to open its NFC payments tech to rivals, and may close its antitrust probe in May, letting Apple avoid hefty fines

Ben Schoon / 9to5Google:
Nothing rolls out ChatGPT integration for Nothing Phone (2) and Nothing earbuds, including voice and text widgets for the phone

 
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