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5:20 PM ET, October 27, 2016

Mediagazer

 Top News: 
Vine:
Twitter says it is discontinuing the Vine mobile app “in the coming months”  —  Since 2013, millions of people have turned to Vine to laugh at loops and see creativity unfold.  Today, we are sharing the news that in the coming months we'll be discontinuing the mobile app.
RELATED:
Todd Spangler / Variety:
Vine stars mourn the closing of the app that helped launch their careers, though they've shifted focus to other platforms like YouTube and Instagram  —  Twitter is shutting down Vine, its six-second video app, and the unexpected move touched off a wave of anger, bemusement and sadness among the platform's biggest creators.
Bloomberg:
Source: the idea for Trump TV began as a threat Jared Kushner issued to Roger Ailes when Trump's circle was unhappy with the tenor of Fox News' coverage  —  Win or lose, the Republican candidate and his inner circle have built a direct marketing operation that could power a TV network—or finish off the GOP.
Michael O'Connell / Hollywood Reporter:
Q&A with CNN Worldwide president Jeff Zucker, on Trump TV, competing with Fox News, post-election strategies, Corey Lewandowski, and more  —  Less than two weeks shy of the election, Zucker speaks with THR about his network's winning strategy, narrowing the Fox News gap …
Ken Doctor / Politico:
Sources: Gannett's billion-dollar deal to buy Tronc is put on hold, likely because of ongoing negotiations over a joint-ownership plan for the LA Times  —  In deal on table, Los Angeles Times would be jointly owned by Gannett and Dr. Patrick Soon-Shiong  —  On Wednesday afternoon it looked …
RELATED:
James Vincent / The Verge:
Apple announces TV app for Apple TV and iOS coming in December, will act as a single place for accessing shows, movies, and live events from across apps  —  One app to rule them all  —  Apple may not be building its own TV, but it at least has its own TV guide.  Sort of.
Joe Flint / Wall Street Journal:
Sources: Megyn Kelly seeks $20M for next Fox contract; Rupert Murdoch said he hopes to get contract signed soon and also wants to renew Bill O'Reilly's contract  —  ‘The Kelly File’ host is in active negotiations; keeping her at the network is a priority for management, including Rupert Murdoch.
Matthew Lynley / TechCrunch:
Twitter reports Q3 2016 revenue of $616M, beating expectations of $606M, as MAUs increase to 317M from 313M last quarter  —  With Twitter's acquisition hopes essentially dead, the company now seems it's on its own to fend for itself and needs to figure out a way to build a reasonable and profitable business.
Christine Wang / CNBC:
Amazon reports Q3 2016 revenue of $32.71B, meeting expectations, $0.52 EPS is below $0.78 expected; stock drops 4% after hours  —  Amazon posted third-quarter earnings per share of 52 cents on revenue of $32.71 billion on Thursday.  —  Analysts expected the online retail giant to post earnings …
Discussion: The Wrap, TechCrunch, Variety, Recode and Fortune
Suman Bhattacharyya / Ad Age:
BIA/Kelsey forecasts digital ads will overtake traditional ads in local US markets by 2018  —  If there was any doubt that the future of local advertising is digital, the latest local ad revenue forecast from BIA/Kelsey confirms that revenue from local-focused online ads will exceed …
Craig Silverman / BuzzFeed:
Researchers doubt Facebook's algorithm-driven approach to Trending topics can stop fake news, viral lies, and hoaxes amid international expansion  —  The Trending product has repeatedly promoted false news, and experts say it may get worse as the company scales Trending internationally.
Alex Spence / Politico:
The Guardian had £48M in negative cash flow in the last six months; a source says it needs to cut costs by more than 60% to survive on digital revenues  —  LONDON — After a summer of steep job losses, staff in the Guardian newsroom are anxious about their future, but there may be worse to come.
 
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 More News: 
Ricardo Bilton / Nieman Lab:
Women's interest site Bustle open sources Mobiledoc, a tool that helps publishers port content to other platforms like Apple News, AMP, Instant Articles
Discussion: @niemanlab
Jacob Kastrenakes / The Verge:
FCC approves privacy rules requiring ISPs get customer permission before sharing sensitive data like location, financial information, and browsing history
Freddy Mayhew / Press Gazette:
Sun crime reporter Anthony France has had his Elveden conviction quashed by Court of Appeals
 Earlier Picks: 
Ina Fried / Recode:
Verizon is buying and shutting down Vessel, founded by former Hulu CEO Jason Kilar; co-founder Richard Tom to be CTO for Verizon digital efforts including Go90
 

 
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 11%+ after hours

Reuters:
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok's algorithm as core to overall ByteDance systems

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
 
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