Top News:

Mark Zuckerberg responds to fake news controversy and outlines projects Facebook is working on to combat the issue — A lot of you have asked what we're doing about misinformation, so I wanted to give an update. — The bottom line is: we take misinformation seriously.
Discussion:
Ad Age, Adweek, Recode, New York Times, Wall Street Journal, @caseynewton, @kantrowitz, Variety, @sdkstl, @dseetharaman, @zeynep, @mikeisaac, Business Insider, @mikeisaac, @kantrowitz, @jhtscherck, BuzzFeed, @kantrowitz, @joshconstine, @kantrowitz and Engadget
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A look at how fake news on Facebook has impacted foreign elections and political movements in Indonesia, the Philippines, Germany, Spain, and elsewhere — HONG KONG — Facebook rumors force a well-known politician to publish proof of his heritage. Fake images show a prominent female leader in a hangman's noose.
Discussion:
Mother Jones, Washington Post, @tedr, @jeffbercovici, @postkranish, @n_gough, @puiwingtam, @paulmozur, @crtejada, Vanity Fair and @kdoctor

John Borthwick of Betaworks and Jeff Jarvis of CUNY offer ideas and resources for tackling fake news on Facebook, Twitter, and Google — We—John Borthwick and Jeff Jarvis—want to offer constructive suggestions for what the platforms—Facebook, Twitter, Google, Instagram, Snapchat, WeChat …


President Obama weighs in on fake news, warning it could poison politics so that “we won't know what we're fighting for” — President Barack Obama weighed in on the growing debate over fake news, warning that it could poison politics to the point that “we won't know what we're fighting for.”
Discussion:
Columbia Journalism Review, New Yorker, Ars Technica UK, Washington Post, Politicus USA, BuzzFeed, MediaShift, Forbes, Engadget, The Daily Caller, @keeganjoyce, Guardian, Business Insider, Independent Journal Review, The Awl - Medium, Talking Points Memo, Vanity Fair, USA Today, iMediaEthics, Mediaite, Storyful Blog, Recode, AOL, www.wnyc.org, Nieman Lab, @dionnesearcey, @paulmozur, @taylorlorenz, Jezebel, @ddale8, New York Magazine, emptywheel, The Huffington Post and Washington Post

Global fact-checking organization offers to help Facebook with spotting and debunking fake claims and strengthening users' ability to identify false news
Discussion:
The Huffington Post, The Federalist, Washington Post, The Wrap, Business Insider, BuzzFeed, Fox News, @rayjoe, The Mary Sue, Observer, TechCrunch and WIRED UK


As a White House official, Steve Bannon would be prohibited from dealing with Breitbart News for at least a year, according to existing White House ethics rules — Under White House rules, Donald Trump's chief strategist would have to steer clear of the alt-right website he oversaw.
Discussion:
Hollywood Reporter, Gothamist, @fordm, @rosiegray, ABC News, AOL, @kairyssdal, @trottreuters, New York Magazine, Mediaite, Mashable, Business Insider, The Daily Caller, Washington Post, @kfile, @scalzi, @politico, The Wrap, Eamonn Fitzgerald Rainy Day, Talking Points Memo, @joshgerstein, @nycjim and TVNewser
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Sources: New York Observer owner Jared Kushner is seeking a White House position, but it could be blocked by nepotism rules
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New York Magazine, @sjredmond, Law News, Washington Post, The Wrap, Guardian, Fortune, WKRG-TV, Politico, Talking Points Memo, BuzzFeed, Politico, New York Magazine, Talking Points Memo, Death and Taxes, Observer, ABC News and STAT


Facebook is shutting down Atlas ad server and will focus on Atlas measurement tools — Facebook is shutting down the part of Atlas that didn't have a direct impact on ad sales but keeping the part that does. — Facebook's ad-tech strategy grows ever more insular.
Discussion:
Atlas Solutions, Adweek, Business Insider, SocialTimes, VentureBeat, AdExchanger and ETF Daily News


Q&A with Chris Arnade, a reporter who spent a year covering Trump and his supporters, on campaign coverage, parachute journalism, and the information divide — A group of Trump supporters and “Hardee's Breakfast Club” members in Prestonsburg, Kentucky, put the politics talk on hold to pose for Chris Arnade.
Discussion:
Scripting News, @fuyeohhh, @chris_arnade, @chavarisa, @sulliview, @thecitywanderer, @mlcalderone, @coryschouten and @daviduberti
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Profile of Charles Harder, media lawyer who took down Gawker, who argues that the “actual malice” standard in libel suits should be discarded — Let the record show that Charles Harder does not whiten his teeth, nor does he make any effort to bronze his skin.
Discussion:
@johnjcook and Mediaite


Delaware filing: BuzzFeed authorizes sale of $200M worth of shares at $1.5B valuation, unchanged from last year — BuzzFeed is raising another $200 million at a valuation of $1.5 billion, the same valuation it had last year, according to documents from CB Insights.
Discussion:
TechCrunch, @sarahcuda, Recode, Fast Company and Fortune


DraftKings and FanDuel agree to merge; DraftKings CEO Jason Robins to run the new company, and FanDuel CEO Nigel Eccles to become chairman of the board — DraftKings and FanDuel, the two largest companies in the daily fantasy sports market that exploded into national consciousness last fall …
Discussion:
The Wrap, ESPN, Recode, Ad Age, Fortune, BostonGlobe.com, Bleacher Report, CNBC, USA Today and Recode


The double-edged sword of Trump: anti-journalist President-elect who is good for ratings and traffic — You can't just blame Jeff Zucker. — “This is the best gift the popular press could have gotten,” one cable-news executive told me a day after Donald Trump had improbably won the presidential election …
Discussion:
CNNMoney and SiliconBeat


Bounce TV launches Brown Sugar video-on-demand service with '70s-era blaxploitation films including Shaft, for $3.99 a month — Can you dig it? Blaxploitation films have a new digital home. — African-American network Bounce TV is jumping into the subscription VOD biz with Brown Sugar …
Discussion:
Refinery29, Jezebel, The Mary Sue, The Wrap, Broadcasting & Cable, USA Today, Deadline and IndieWire