Top News:

Gallup poll: trust in mass media falls to 32%, eight points lower than in 2015, with only 14% of Republicans trusting it; overall level is lowest since 1972 — The American public's trust in the media in 2016 has fallen to its lowest point since at least 1972, according to a new Gallup poll released Wednesday.
Discussion:
Gallup, CBS Boston, @brianstelter, AOL, @laynier, @pmarca, @asgucciardi, @arifleischer, @wikileaks, @owillis, The Daily Caller, Washington Post, @djgeoffe, Talking New Media, @sarahcuda, @charlesmblow, @jayrosen_nyu, @znakit and CNNMoney


Facebook's VP of product management Adam Mosseri says the company is actively working on tech to prevent fake news stories from showing up in Trending section — Following the controversial firing of the editorial team who managed the Trending Topics that appear next to Facebook's News Feed …
Discussion:
VentureBeat, @deptofaustralia, @s_m_i, New York Magazine, @jayrosen_nyu, @joshconstine, TechCrunch, @mathewi and The Next Web


Rio Olympics brought $250M profit to NBC Universal due to 20% increase in ad sales, CEO Steve Burke says, despite ratings 15% lower than London Olympics — While the ratings for the 2016 Summer Olympics didn't quite measure up to NBC's early projections, the Peacock still managed to strut away …
Discussion:
Broadcasting & Cable, @poynter, The Wrap, Hollywood Reporter, Awful Announcing, Reuters, Variety, Radio & Television … and Deadline


Pandora updates $5/month Pandora One ad-free subscription service as Pandora Plus, gets unlimited skips, replays, and offline mode — Pandora's free service is also getting some new features — As expected, Pandora has launched Pandora Plus, a rebranded and improved version of its $5-a-month Pandora One offering.
Discussion:
TechCrunch, Wall Street Journal, Business Insider, The Drum, MacRumors and @timwestergren


Google launches YouTube Player for Publishers in Europe as part of Digital News Initiative, giving publishers more control over pre-roll and mid-roll ads — As part of its charm offensive on media owners, Google has unveiled YouTube Player for Publishers, a new video offering specifically tailored to the needs of the news industry.
Discussion:
Google Europe Blog, Journalism.co.uk and Fortune


VICE files FOIA lawsuit against IRS, demands it turn over audits of Trump's tax returns, and against FBI, seeking info on two controversial campaign comments — For more than a year, Republican presidential candidate Donald Trump has claimed that he would “love” to release his tax returns …
Discussion:
@sopandeb, The Wrap, @hillaryclinton, @davidaxelrod, Scripting News and CNN


Fox News co-presidents Bill Shine and Jack Abernethy sign multi-year contracts, signaling that the network won't change its voice in the wake of Ailes' ouster — Fox News already doubled down on its leadership team last month when it announced that Roger Ailes's major deputies were being elevated into top positions at the network.
Discussion:
CNNMoney, @antillaview, @brianstelter, @brianstelter and @prashantrao


News literacy is an urgent mission during a fact-challenged presidential election, which has obscured the line between truth, opinion, propaganda, and fiction — Veteran journalist Alan Miller tells the story of the high school students who, years after the fact, didn't know that Osama bin Laden had been killed.
Discussion:
@adamjohnsonnyc, @mrdanzak, @kubremner, @jgkoomey, @sulliview, Vocativ and The FJP


New weekly newspaper in London, City Matters, will cover Fleet Street and plans initial circulation of 20K with staff of five journalists — A new ‘hyperlocal’ weekly newspaper is to launch covering the City of London. — City Matters will fill a local news gap for the area which currently has no dedicated title.
Discussion:
@city_matters and HoldTheFrontPage

After purchasing North Jersey Media Group in July, Gannett to make 200+ staffers redundant — North Jersey Media Group announced Wednesday an ambitious restructuring designed to make its newsroom and sales department more responsive to the growing digital demands of readers and advertisers.
Discussion:
FishbowlNY, Talking New Media, @erikwemple, @moneyries, Folio, @joepompeo, @mattfriedmannj, @dracioppi, @giambusso, @nycjamescobb, @jareddiamond, @rizzotk, @mattfriedmannj and @mattkatz00


EU publishes proposals for new copyright rules, which would allow news publishers to demand payment from aggregators like Google News — Copyright plan may curb online use of news articles, content — EU also seeks to bolster rights of music performers, authors
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Verizon and Hearst combine Complex Media, RatedRed.com, and Seriously.TV into digital video joint venture Complex Networks, with Rich Antoniello as CEO — Verizon and Hearst have named their digital-video networks joint venture Complex Networks, and they have put Rich Antoniello, formerly CEO of Complex, in charge of the operation.
Discussion:
@katebracco, VideoInk, Hollywood Reporter, Multichannel News and NetNewsCheck Latest


Sources: joint venture between Universal Music Group and Sony Music Entertainment readying NOW Music+ streaming app for UK, priced at £5.99/month — Two major record labels are rolling out a low-priced music streaming service in the United Kingdom, a rare foray by record companies directly …
Discussion:
The Verge