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4:55 AM ET, October 22, 2016

Mediagazer

 Top News: 
Lily Hay Newman / Wired:
Dyn says today's DDoS attack on its DNS service came from tens of millions of IPs, and involved the Mirai botnet of IoT devices  —  Friday morning is prime time for some casual news reading, tweeting, and general Internet browsing, but you may have had some trouble accessing your usual sites …
Jessica Toonkel / Reuters:
Sources: AT&T reaches agreement in principle to buy Time Warner for about $85B  —  AT&T Inc (T.N) has reached an agreement in principle to buy Time Warner Inc (TWX.N) for about $85 billion, sources said on Friday, paving the way for a blockbuster deal that would give the telecom company control …
RELATED:
CNBC:
Time Warner stock surges 8.2%, breaking 15-year high; sources say AT&T could pay “north of $90” a share for the company  —  The deal could be ‘well north’ of $90 a share, sources say  —  Kara Swisher, Recode Executive Editor, discusses the news that AT&T is in advanced talks to buy Time Warner.
Josh Constine / TechCrunch:
Facebook plans to show more images and stories with graphic content, including violence and nudity, if they're “newsworthy, significant or of public interest”  —  Facebook will soon display more graphic content including violence and nudity that would normally violate its policies …
RELATED:
Deepa Seetharaman / Wall Street Journal:
Sources: Facebook staff wanted to block some Trump posts as hate speech, like one on banning Muslim immigrants; Zuckerberg chose to keep them  —  Ruling by CEO Mark Zuckerberg to keep presidential candidate's posts spurred heated internal debates  —  Some of Republican presidential candidate …
Chris Roush / Talking Biz News:
Internal memo: WSJ offers buyouts to all news employees globally in order to reduce layoffs  —  Wall Street Journal editor Gerard Baker sent out the following announcement to the staff on Friday:
Peter Kafka / Recode:
Sources: Comcast's NBCUniversal finalizing deal for a second $200M investment in BuzzFeed, at a valuation of $1.7B  —  More money for Jonah Peretti and his video ambitions.  —  A year after making a major investment in BuzzFeed, NBCUniversal is doing it again.
Susan Krashinsky / Globe and Mail:
Canada's Postmedia announces 20% savings target on salary costs through buyouts and layoffs as its print ad sales fall over 20% in fourth quarter  —  In the past year, Postmedia Network Canada Corp. has shed the equivalent of 800 full-time jobs.  On Thursday, the company said the job losses will deepen …
Jake Kanter / Business Insider:
News UK terminates the employment of Mazher Mahmood after his arrest, will defend any civil claims in relation to his previous work  —  Just two weeks ago, News UK was refusing to comment on the employment status of investigative journalist Mazher Mahmood.  —  But now the so-called …
RELATED:
Telegraph:
Former News of the World reporter Mazher Mahmood sentenced to 15 months imprisonment for tampering with evidence in collapsed Tulisa Contostavlos drugs trial
Benjamin Mullin / Poynter:
UNC study finds 33%+ of US papers have changed ownership since 2004, local news is beholden to investors, and a trend toward corporate consolidation  —  Joseph Pulitzer, William Randolph Hearst and E. W. Scripps are out.  Digital First Media, GateHouse and Civitas are in.
Discussion: @poynter and @apradhan1968
 
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 More News: 
Joe Freeman / Columbia Journalism Review:
Story of two enslaved teens shows the power of investigative reporting in Myanmar, as some press freedoms advance
Paul Sawers / VentureBeat:
Time Out to pay up to $2.94M for Yplan, the London-based event ticketing startup that had raised $37.5M
 Earlier Picks: 
Sonya Sorich / Sacramento Business Journal:
McClatchy Q2 revenue falls to $242.2M, down from $262.4M in same quarter of 2015; ad revenue down 11% year over year, print ad revenue down 16.6%
 

 
From Techmeme:

Chris Welch / The Verge:
Apple unveils $999+ 11" and $1,299+ 13" iPad Pros, with M4, an OLED Ultra Retina XDR screen, up to 1,600 nits; the 13" is Apple's thinnest product yet, at 5.1mm

Wesley Yin-Poole / IGN:
Memo: Microsoft's Xbox division to shut down multiple Bethesda studios and consolidate teams to prioritize high-impact titles and invest in Bethesda's portfolio

Lorenzo Franceschi-Bicchierai / TechCrunch:
UK and US authorities identify and charge the leader of the LockBit ransomware gang, a 31-year-old Russian national; the US also issued sanctions against him
 
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