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3:40 PM ET, December 16, 2016

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 Top News: 
Lara O'Reilly / Business Insider:
Facebook underreported iPhone traffic to Instant Articles tracked by comScore from Sept. 30 to Nov. 30; report says some publishers' numbers affected by 10-20%  —  Facebook announced on Friday that it had made another measurement error, this time affecting publishers that use its Instant Articles content platform.
Emily Steel / New York Times:
Sumner Redstone to leave Viacom board in February, but he will attend meetings in nonvoting role, keep control of his media empire through National Amusements  —  The ailing 93-year old media mogul Sumner M. Redstone will step down from the board of Viacom in February, the company announced Friday …
Erik Wemple / Washington Post:
Huffington Post's union members go public on Twitter about the AOL-owned news organization's refusal to offer any pay raises  —  Huffington Post staffers today pounded their ownership on Twitter over an alleged stall in the newsroom's efforts to reach a collective bargaining agreement with management.
David Giambusso / Politico:
NJ publishers say Christie's bill to end print legal ads could cause revenue at newspapers across the state to fall by 15%, resulting in the loss of 300 jobs  —  TRENTON — Debate in the statehouse veered from philosophical discussions over the role of a free press to dark assertions …
Discussion: @rizzotk and @giambusso
Patrick Coffee / Adweek:
Publicis and Omnicom get US Justice Department subpoenas in probe of potential bid rigging in video ad production; Interpublic Group unit was subpoenaed earlier  —  Today the ad industry's second-largest holding company revealed that the federal government has contacted two unspecified subsidiaries within …
Ken Doctor / Politico:
Parsely report: about 66% of weekend news reading is now done on smartphones and tablets, while only 55% of overall usage is on mobile  —  What it means that two thirds of weekend news consumption happens on a mobile device  —  Consider it one more step in the evolution of the desktop computer into an archival paperweight.
Emily Jane Fox / Vanity Fair:
In a Q&A, MSNBC hosts Joe Scarborough and Mika Brzezinski defend themselves against accusations that they have become too cozy with Donald Trump  —  The Morning Joe hosts talk access to Donald Trump, ratings, and their critics.  —  Joe Scarborough and Mika Brzezinski were all spooled …
Hamza Shaban / BuzzFeed:
Lawmakers and legal experts oppose government intervention, agree internal policies to improve social platforms are the best way to curb fake news  —  Regulating Facebook would invite Constitutional challenges, legal experts say, while lawmakers call for better internal policies to curb misinformation.
Discussion: @lauraelizdavis, @newscannon and Forbes
Michael Calderone / The Huffington Post:
The NYT defends its decision to cover hacked Democratic emails, even if it helped Russia, because the emails had news value independent of the hackers' motives  —  Managing editor Joseph Kahn says they primarily judge the news value of documents in the public sphere “independent of the motive of the leakers.”
Lloyd Grove / The Daily Beast:
Interview with CNN Reliable Sources host Brian Stelter, who believes that media reporters have a duty to cover threats against journalism  —  Practicing journalism in the Age of Trump can be a risky business.  —  For instance, Brian Stelter, CNN's lead media correspondent and the host …
Discussion: Mediaite and @jamiestelter
Shan Wang / Nieman Lab:
Slate builds Chrome extension, “This Is Fake”, that puts warning label on fake news stories and sites and lets users flag suspicious Facebook posts  —  “This is Fake,” a project that emerged from a post-election hack day at Slate, defines “fake” news as “something intentionally misleading, intentionally false.”
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Lauren Easton / The Definitive Source:
The Associated Press will label stories dispelling false news as “AP Fact Check”, touts its code for accuracy and ethics amid Facebook partnership
April Glaser / Recode:
The departure of FCC chairman Tom Wheeler likely signals the end of net neutrality, as Donald Trump has publicly opposed the rules  —  The FCC will now have a Republican majority.  —  U.S. Federal Communications Commission chairman Tom Wheeler announced this morning that he will leave …
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 More News: 
Benjamin Mullin / Poynter:
Vanity Fair has seen its subscriptions rise 100-fold since Trump's Thursday tweet, the highest number of subscriptions ever sold in a single day at Condé Nast
Colin Campbell / Raleigh News & Observer:
NC Policy Watch reporter Joe Killian arrested for trespassing after refusing to leave gallery being cleared of protesters amid legislature's debate
 Earlier Picks: 
Mike Isaac / New York Times:
To fight fake news, Facebook tests easier hoax reporting, uses third-party fact checkers to flag stories, punishes stories shared less after being read, more
Bloomberg News:
Source: Verizon is looking to get a price cut or exit the $4.8B Yahoo deal after company discloses 1B accounts hacked in 2013; Yahoo stock down 5%