Mediagazer: Gannett and McClatchy's dismal financial earnings reinforce the growing idea that the current local news revenue model has stalled (Ken Doctor/Politico)

8:40 AM ET, February 10, 2017

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Erik Wemple / Washington Post:

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Discussion: Fox News, EW.com, CNN, Townhall.com, @erikwemple, @carloslozadawp, @brucebartlett, @scottdetrow, @ebolaphone, Fortune and NPR

Ken Doctor / Politico:

Gannett and McClatchy's dismal financial earnings reinforce the growing idea that the current local news revenue model has stalled — How deep is the decline in the regional newspaper business? — Today, Gannett, the U.S.'s largest newspaper company with 109 local properties …

Discussion: @kdoctor, @riegerreport, @kdoctor, @kdoctor, @montydaviskc and @kdoctor

McClatchy:

McClatchy reports Q4 net income of $3.1M, down from $8.8M in 2015, and revenue of $262.2M, down 8.3%; CEO Craig Forman pledges faster digital transition — McClatchy (NYSE-MNI) today reported net income in the fourth quarter of 2016 of $3.1 million, or $0.40 per share …

Discussion: Poynter, Reuters and Sacramento Bee

Trey Williams / MarketWatch:
Gannett beats Q4 expectations with revenue at $867M, up from $739M a year earlier, but print advertising revenue is still declining

Discussion: Seeking Alpha, StreetInsider.com and NASDAQ.com

Adam Klasfeld / Courthouse News Service:

NFL writer Bart Hubbuch sues Murdoch's New York Post, claiming wrongful termination for his tweet critical of Trump on inauguration day — MANHATTAN (CN) — Mocking his raunchy tabloid's desire for a “safe space,” a sports writer wants damages after the New York Post fired him for a tweet …

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Peter Kafka / Recode:

Viacom CEO Bob Bakish says “highly selective” licensing deals for new shows will reinforce the need for pay TV contracts — Viacom's new boss reminds the pay TV guys that he likes doing business with the pay TV guys. — Do you like watching shows from MTV, Comedy Central and other Viacom-owned networks?

Discussion: Forbes, Engadget, Axios, Variety and Hollywood Reporter

Cynthia Littleton / Variety:
Viacom beats estimates with Q1 net earnings of $396M, with Paramount posting $180M operating loss; CEO Bob Bakish announces Paramount turnaround plan

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Stephen Witt / Billboard:

Interview with Jeff Bezos and Steve Boom, VP of Amazon Music, about the music industry, Echo and Alexa's place in it, more — Amazon founder Jeff Bezos would make almost any list of the world's most powerful people. In retail, he's clearly on top, and in tech, he's close to it.

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Eliana Johnson / Politico:

Sources: at least two candidates have turned down WH communications director job, a position that has remained vacant since Jason Miller resigned in December — At least two candidates have turned down the job of White House communications director. — Controlling the message coming …

Joseph Lichterman / Nieman Lab:

Profile of Technically Media, a Philadelphia-based company which publishes local tech sites in five Mid-Atlantic markets — The company, which publishes tech sites in the Mid-Atlantic, wants to grow beyond its core events revenue model while keeping community at the heart of what it does.

Discussion: @leeprocida

Andrew Liptak / The Verge:

Facebook hires MTV executive Mina Lefevre as head of development, overseeing scripted and unscripted content — Mina Lefevre had been the head of scripted for MTV — Facebook has been working to make video a central part of how its users experience the site, first with Facebook Live …

Discussion: Deadline, Tubefilter, Engadget, Forbes, Mina Lefevre, @chafkin, Business Insider, Fast Company, @andrewliptak, Mashable and The Wrap

Ben Smith / BuzzFeed:

Profile of R. Emmett Tyrrell, founder of The American Spectator and the first conservative editor to embrace Trump — It's easy enough to find editors these days who say they saw Donald Trump coming, hard to find ones who are telling the truth about that. By my estimation perhaps …

Discussion: @elilake, @pfeifferdc, @carrasquillo, @katherinemiller, @irastoll, @jackshafer, @buzzfeednews and @buzzfeedben

Lara O'Reilly / Business Insider:

Twitter reports Q4 revenue of $717M, missing estimates, but beats on earnings as MAUs grew 2M from Q3 2016, reaching 319M — Twitter missed analysts' expectations for its fourth-quarter revenue — reporting $717 million versus estimates of $740 million — as advertising spend lagged behind …

Discussion: VentureBeat, Mediakix, Jack Dorsey, Talking Biz News, Adweek, TechCrunch, Recode, GeekWire, Fortune, Vanity Fair, ZDNet, Forbes, Bloomberg, The Guardian, Mashable, Variety, INSIDER, VentureBeat, @mathewi, Peter O'Kelly's Reality Check, Axios, CNBC, PR Newswire, Reuters, The Guardian, @bcappelbaum, Recode, @verge, Axios, @stevekovach, @businessinsider, @recode, @raju and VentureBeat

Brett Molina / USA Today:
Twitter shares close down 12.3% due to Q4 revenue miss, flat growth, weak Q1 guidance, and a 5% YoY drop in US ad revenue

Discussion: TechCrunch, Forbes, @techcrunch, Editor & Publisher, BBC, @edmundlee, VentureBeat and @cnbc

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Christine Wang / CNBC:
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Katie Roof / TechCrunch:
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West Virginia Public Broadcasting:
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Laura Hazard Owen / Nieman Lab:
Pew study: US adult news consumers can only recall the source of a news link 56% of the time, and 10% name Facebook as a news source

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Dominic Ponsford / Press Gazette:
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Ben Popper / The Verge:
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From Techmeme:

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George Steer / Financial Times:
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