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:
Recode, TechCrunch, Adweek, The Verge, Washington Post, The Wrap, Fast Company, Forbes, SocialTimes, Bloomberg, Business Insider, Bloomberg, @mikeisaac, VentureBeat, Salon, Vanity Fair, Mashable, Softpedia News, USA Today, @stevesi, @emgusk, Stereogum, @mattdpearce, Motherboard, CNNMoney, BetaNews, WWBT-TV, 9to5Mac, VatorNews, Fortune, Android Police, IndieWire, AppleInsider, @danprimack, Variety, Consumerist, @nycjim, @sarahfrier, @jackshafer, @joshuatopolsky, @carnage4life, @cwarzel, @robdubbin, Pocket-lint, The Next Web, Engadget, PAPERMAG, Gizmodo, TechnoBuffalo, GeekWire, @felixsalmon, Los Angeles Times, @mathewi, NPR, New Urban Legends, MacRumors, New York Magazine, WCMH-TV, AppAdvice.com Latest, CBS Sacramento, The Week and Highsnobiety
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.
Discussion:
Vanity Fair, Media Matters for America, New York Magazine, @mlcalderone, Business Insider, The Daily Caller, Hit & Run, Washington Post, Fast Company, NBC News, Talking Points Memo, @joshuagreen, Politicus USA, @espiers, @blakehounshell, @dandrezner, @jacobkornbluh, @mims, @theplumlinegs, @joshuagreen, @brendannyhan, @gabrielsherman, @mims, The Verge, Mother Jones and The Week
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 …
Discussion:
Poynter, @politico_media, @cnbc, @mattdpearce, @palewire, Political Insider blog, @benmullin, @alexweprin, @davemckinney, @raju, @tmcgev and Washington Post
RELATED:
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:
Business Insider, @mgsiegler and @businessinsider
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.
Discussion:
Business Insider, Adweek, Newser, The Week, FTVLive, TVNewser, Dr. Jen Gunter, Politico, CNNMoney, Variety, Mediaite, @brianstelter, @brianstelter, Refinery29, People.com and New York Times
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.
Discussion:
Variety, SocialTimes, Forbes, VatorNews, Business Insider, VentureBeat, @digiphile, Adweek, ZDNet, Politico and The Drum
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 …
Discussion:
Washington Post and TVNewser
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 …
Discussion:
@mediashiftorg, @adage, @adage and Broadcasting & Cable
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.
Discussion:
@lisatozzi, @brendannyhan, @buzzfeednews, @buzzfeednews, @heerjeet, @tlupick, @craigsilverman, @profcarroll, @elenaholodny, TechCrunch and Fast Company
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.
Discussion:
@lawrencedarcy, @alexgspence, @alexgspence, @raju, @tomgara, @rafat, @mathewi and Business Insider
Business Wire:
New Media Investment Group, parent of Gatehouse, reports Q3 revenue of $306.8M, down 1.7% YoY, raises dividend 6.1%, buys small daily and a business journal — NEW YORK—(BUSINESS WIRE)—New Media Investment Group Inc. ("New Media" or the “Company”, NYSE:NEWM), one of the largest publishers …
Discussion:
Columbus Business Journal, Editor & Publisher and hypebot
Freddy Mayhew / Press Gazette:
Sun crime reporter Anthony France has had his Elveden conviction quashed by Court of Appeals — Sun journalist Anthony France has had his conviction for aiding and abetting misconduct in a public office quashed by the Court of Appeal, with a retrial deemed “not in the public interest”.
Discussion:
Daily Mail, @davidwooding, @pressgazette, Guardian, @pressgazette, @bytomwells, BBC, Guardian, Crimeline, @brianaflynn and @dbanksy
TechCrunch:
Twitter tests not showing usernames in replies and not counting them against character limit — #Beyond140 is coming to fruition with the removal of one of the most annoying laws of Twitter. Some iOS users are now part of a test group that no longer sees a recipients' usernames appear …
Discussion:
The Next Web, Gizmodo and Fast Company
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