Mediagazer: Sources: banks financing Gannett potential takeover of Tronc have backed out, putting merger in doubt (Bloomberg)

10:25 AM ET, October 28, 2016

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.

Discussion: New York Magazine, The Verge, The Drum, ClickZ, The Week, MediaNama, the Econsultancy blog, The Next Web, Bloomberg, The FADER, The Inquisitr News, TechCrunch, VentureBeat, Slate, Engadget, Mashable, New York Post, Business Insider, The Big Lead, MacStories, Multichannel News, Stereogum, The Hill, USA Today, GeekWire, Pocket-lint, Bloomberg, Polygon, Motherboard, PAPERMAG, NPR, @joan_e, VatorNews, @sarahfrier, 9to5Mac, Washington Post, Forbes, Salon, Guardian, Gizmodo, Vanity Fair, @stevesi, Los Angeles Times, IndieWire, The Wrap, BetaNews, Softpedia News, TechnoBuffalo, WWBT-TV, @emgusk, SocialTimes, NBC News, Android Police, @nycjim, Variety, MacRumors, @mattdpearce, @danprimack, AppleInsider, Consumerist, Adweek, @sarahfrier, @felixsalmon, @jackshafer, @joshuatopolsky, @carnage4life, @mathewi, @cwarzel, @robdubbin, New Urban Legends, AppAdvice.com Latest, Fast Company, CBS Sacramento and Highsnobiety

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.

Discussion: The Atlantic, Recode, Bloomberg, TechCrunch, The Wrap, Adweek, The Wrap, Fortune, Deadline, CNNMoney, Hollywood Reporter, Ad Age, @yayitsrob, @joshconstine, Mashable, @mikeisaac, @markmac35, The Drum, Mashable, @alexandraerin, VentureBeat, Forbes, Engadget, USA Today, Washington Post and New York Magazine

Charlie Warzel / BuzzFeed:

Plan to shut down Vine suggests Twitter finally recognizes itself as a news service, focusing on live, current events — Welcome to the relevant, indispensable (but maybe kind of joyless) new Twitter. — On Thursday morning, Twitter announced it is closing down Vine …

Discussion: @cwarzel, BuzzFeed, @cwarzel, @greggweiss, @kerrymflynn, @greggweiss, @katelosse, @anthony, Mashable, New York Times, USA Today, The Next Web, NPR, The Week, Business Insider and PAPERMAG

John Gapper / Financial Times:

NYT editor Dean Baquet says that US cable networks have blurred the line between entertainment and news this election season by pandering to partisan viewers — US cable news networks have played a “ridiculous” role in the presidential campaign by blurring the line between entertainment …

Discussion: Politico, Business Insider, @spiegelpeter, @kelseymsutton, @hadas_gold, @alexweprin, @ditzkoff and @adamhsays

Joe Pompeo / Politico:
Lacey Donohue, deputy executive editor of Gizmodo Media Group, is leaving next month to take an editorial role at Hulu

Discussion: FishbowlNY and Wall Street Journal

Bloomberg:

Sources: banks financing Gannett potential takeover of Tronc have backed out, putting merger in doubt — Banks financing Gannett's potential takeover of Tronc have backed out, according to people familiar with the matter, putting a merger of the newspaper companies in doubt, Bloomberg News reports.

Discussion: Bloomberg, Poynter, The Wrap, MarketWatch, Radio & Television …, Business Insider, @benmullin, Florida Politics, @lamonicabuzz, @cnbc, @breakingnews, @mgsiegler, @sherman4949, @businessinsider, @politico_media, Politico and @palewire

James Vincent / The Verge:

Apple announces TV app for Apple TV and iOS, coming in December, that will act as a hub for accessing shows, movies, live events from across different services — 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.

Discussion: @jake_k, Wired, The Wirecutter, Gizmodo, Fortune, The Verge, @shalini, @pkafka, @rossrubin, Consumerist, Daring Fireball and Recode

Laura Hazard Owen / Nieman Lab:

Texas Tribune rebrands its political site Texas Weekly as The Blast, a paid newsletter emailed to subscribers daily — Texas is shaping up as a surprisingly important state in the presidential election this year: Hillary Clinton is closing in on Donald Trump (the race in Texas is closer …

Discussion: @noahchestnut, @poynter, @lauraelizdavis, @eramshaw and @digiphile

Randall Stross / New York Times:

Larry Page or another civic-minded billionaire should buy Twitter, which serves as the highest-circulation short-form “newspaper” on earth — SAN JOSE, Calif. — Twitter is a communications marvel, with 317 million active users who instantaneously convey a collective reaction to news.

Discussion: @nytopinion, @karaswisher, @systemaddict, @nicole, @matjazsircelj, Reuters, @mikecane, ZDNet, Variety, Radio & Television …, TechCrunch, Forbes, SocialTimes, Adweek, Politico, The Drum and TechCrunch

David Remnick / New Yorker:

The New Yorker has redesigned its Goings on About Town section for desktop and mobile, with grids of listings, a video series, an interactive events map, more — Goings On About Town has been part of The New Yorker since Harold Ross produced the first issue of the magazine, in February, 1925.

Discussion: @newyorker, @sairakh and FishbowlNY

Christine Wang / CNBC:

Amazon reports Q3 2016 revenue of $32.71B, meeting expectations, but $0.52 EPS is below $0.78 expected; stock drops 5% 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 …

Discussion: New York Times, @fmanjoo, The Wrap, @richbtig, TechCrunch, Bookseller News, Publishers Weekly, The Wrap, Variety, Fortune, @hannahkuchler and Recode

Jacob Kastrenakes / The Verge:

FCC approves privacy rules requiring ISPs get customer permission before sharing sensitive data like location, financial information, and browsing history — New privacy rules require opting-in to sensitive sharing — In a win for privacy advocates, the FCC voted this morning to place …

Discussion: Variety, AdExchanger, The Wrap, Gizmodo, Washington Post, @joshbloch, @annalecta, Techdirt, AgencySpy, ZDNet, Broadcasting & Cable and Slate

Lauren Hirsch / Reuters:

Sources: Hollywood executives Jeff Sagansky and Harry Sloan are in advanced talks to buy Playboy through Double Eagle Acquisition Corp, launched last year — Hollywood executives Jeff Sagansky and Harry Sloan are in advanced talks to acquire magazine publishing company Playboy Enterprises Inc …

Discussion: Media Wire Daily, The Wrap and FishbowlNY

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Dave McKenna / Deadspin:
Profile of Jennifer Frey, a fast-rising sports journalism star in the '90s who died at age 47 because of alcoholism

Discussion: @blakehounshell, @dvnjr, @ae53, @soapboxbubba, @lahlahlindsey, @cjane87, @lkoturner, @jeffreylevicki, @paolaboivin, @johnmcquaid, @petersterne and Washington Post

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Michael O'Connell / Hollywood Reporter:
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Craig Silverman / BuzzFeed:
Researchers doubt Facebook's algorithm-driven approach to Trending topics can stop fake news, viral lies, and hoaxes amid international expansion

Discussion: Reuters, www.wnyc.org, @s_m_i, Beyond Search, @lisatozzi, @brendannyhan, @buzzfeednews, @buzzfeednews, @abeaujon, @heerjeet and TechCrunch

Suman Bhattacharyya / Ad Age:
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Discussion: @mediashiftorg, @adage and @adage

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

Discussion: Business Insider, @tomgara, @mathewi, @rafat, @lawrencedarcy, @alexgspence, @alexgspence and @raju

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

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Mark Gurman / Bloomberg:
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Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January

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