Top News:
Lukas I. Alpert / Wall Street Journal:
Politico co-founder Jim VandeHei raises $10M round led by Lerer Hippeau for a subscription-based news venture aimed at professionals, launching early 2017 — Service will sell subscriptions, aim at specialists in industries like tech, health care — Politico co-founder Jim VandeHei …
Discussion:
Bloomberg, USA Today, The Drum, Vanity Fair, Fortune, FishbowlDC, The Wrap, @erichippeau, FishbowlNY, TVNewser, @kenvogel, Jim VandeHei, @jimvandehei, @rafat, @clarajeffery, @margarita, @mathewi, @gaberivera, @timothynoah1, @jyarow, @taylorgreene, @dylanbyers, @jayrosen_nyu and CNNMoney
Bloomberg:
Snapchat ends its Local Stories section as it shifts to live events, fires about 15 curators — Snapchat Inc. is ending its daily local stories for cities feature, which pulled together video of everyday activities — concerts, cute puppies in the park — shot by users in locales such as New York.
Discussion:
Nieman Lab, Vanity Fair, Tubefilter, Global, @sarahfrier, @myurow, Engadget, New York Magazine, The Verge, Mashable, SocialTimes and Business Insider
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The Information:
Sources: Snapchat talking to investment bankers about filing for an IPO later this year or early 2017 but hasn't yet settled on a bank — Snapchat has been talking to investment bankers about filing for an IPO towards the end of this year or early in 2017, according to people the company has spoken to.
Discussion:
Business Insider and eMarketer and Newsroom Posts
Brian Stelter / CNNMoney:
Trump ends his media ‘blacklist’, effective from Thursday, approving requests for press credentials to media outlets including WaPo, Politico, and BuzzFeed — Donald Trump is ending a practice most journalists think he never should have started: his “blacklisting” of news outlets.
Jessica Davies / Digiday:
The Guardian's social editor, product manager on what they've learnt from its Sous-chef bot: natural language increases engagement, bots can't be too human-like — For the past two months, the Guardian has been testing a Facebook Messenger bot, “Sous-chef,” that provides recipe suggestions …
Discussion:
TechCrunch and VentureBeat
William D. Cohan / Vanity Fair:
Two HuffPo employees were suspended after Huffington complained about a story on friend Fareed Zakaria, one of a series of missteps that alienated staff — The Huffington Post's namesake founder, who stepped down as editor in chief last month, built an iconic media company in record time.
Discussion:
@e_alexjung, @slone and FishbowlNY
Brendan Nyhan / New York Times:
Study of political news browsing of 1400 people: most read centrist sources, but some partisans, especially Republicans, consume highly polarized media heavily — Anyone who has followed this election carefully would be forgiven for thinking that voters have diverged into two separate realities.
Discussion:
@brendannyhan, @brucebartlett, @kshoieb, @frankluntz, @andyguess, @amyfiscus, @abrams and @jayrosen_nyu
Todd Spangler / Variety:
Liberty Media agrees to acquire Formula Racing for $4.4B; former DirecTV CEO Chase Carey to serve as chairman, and CEO Bernie Ecclestone will remain — Chase Carey named chairman of Formula One — Liberty Media has agreed to acquire global motorsports business Formula One from a consortium …
Anthony Palazzo / Bloomberg:
Tegna to spin off Cars.com as separate public company in 2017, with Alex Vetter as CEO; Tegna CEO Gracia Martore to retire, replaced by Dave Lougee — CEO Gracia Martore to retire when split takes place next year — Alex Vetter to lead Cars.com, Dave Lougee to be CEO of Tegna
Discussion:
Broadcasting & Cable, Wall Street Journal, Washington …, Chicago Business, TVNewsCheck.com, Deadline, USA Today and TVSpy
Liz Spayd / New York Times:
The New York Times reminds staffers about policies for personal social media: avoid editorializing, endorsing candidates, or promoting political views — For the second time in three months, The Times's associate managing editor for standards sent a note out to the newsroom Wednesday morning …
Discussion:
@onekade, @ericboehlert, @dbreunig, @gmrowden, @joshsternberg and @jayrosen_nyu
Harrison Weber / VentureBeat:
Apple Music passes 17M subscribers, up from 15M in June — Apple CEO Tim Cook revealed today that the company's flagship music service, Apple Music, now has 17 million paying subscribers — up from 15 million in June. — This new stat arrives as Apple seeks to correct the mistakes …
Discussion:
Motherboard and Fortune
Mark Mulligan / Music Industry Blog:
Analysis: streaming drives music labels' digital revenue growth, but advanced payments that are separate from royalties are padding the numbers — All of the three major record labels announced strong streaming music revenue growth in the 2nd quarter of 2016.
Discussion:
hypebot and @glensears
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