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

Top News:

Benjamin Mullin / Poynter:

Flush with donations, ProPublica is planning to add 15-25 journalists to its newsrooms in New York and Illinois as it reorients itself to cover Trump — Bleak about the future of journalism? Here are some encouraging statistics: — In 2015, ProPublica ended the year with $450,000 in small donations …

Discussion: @mbaram, @revkin, @will_bunch, @mlcalderone, @lheron, @aexm, @nxthompson, @charlesornstein and @laur_katz

Erik Wemple / Washington Post:

Fox News cements its standing as Trump TV as Kellyanne Conway plugs Ivanka Trump's products without any opposition from Fox & Friends anchors — What's less surprising: that a top aide to President Trump would go on a Fox News program and plug the line of clothing and accessories of Ivanka Trump …

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Erik Wemple / Washington Post:

Political journalists now must do the tedious job of second-grade level fact checking of Trump administration statements — Mike Allen of Axios counseled journalists to appreciate these times. “Enjoy this — soak it in,” said Allen in a chat with Breitbart News. — Sorry, but there's not much to enjoy.

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 …

Discussion: ProFootballTalk, ProFootballTalk, @richarddeitsch, @johnmcquaid, Kansas City Star, Adweek, Awful Announcing, The Hill, Bleacher Report and The Big Lead

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

Discussion: Los Angeles Times, Broadcasting & Cable, Deadline, Deadline, Viacom, Hollywood Reporter, Los Angeles Times, Broadcasting & Cable and Los Angeles Times

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.

Discussion: @palafo, @ckindel, Gizmodo, The Guardian, Daily Mail, INSIDER, Mediaite, AppleInsider, GeekWire, RAIN News, Business Insider and Axios

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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More News:

Christine Wang / CNBC:
News Corp meets analyst targets for Q2 with $2.12B in revenue, reports 9% decline year over year in ad revenue for news and information division

Discussion: Financial Review, @christiiineeee, Talking New Media, News Corp and Fox Business

Katie Roof / TechCrunch:
Pandora beats with Q4 revenue of $393M, up 17% YoY, vs. $374M expected, predicts Q1 loss of $70-$80M

Discussion: Pandora Media

West Virginia Public Broadcasting:
WV Gov. Jim Justice proposes elimination of all state funding for WV Public Broadcasting in new budget, which would translate into staff layoffs of up to 75%

Discussion: Current, wvpublic.org and @farrahfazal

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

Discussion: Pew Research Center, Columbia Journalism Review, DigitalKoans, Quartz, Washington Post, @pewjournalism, Adweek, USA Today, @niemanlab, @pewresearch, @pewresearch, Broadcasting & Cable, @niemanlab, @hl_bowen and @ylichterman

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Jane Martinson / The Guardian:
Sources: Rupert Murdoch was in the room for Trump's Times of London interview with Michael Gove, a sign of his close ties with the president and his family

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Richard Sandomir / New York Times:
Bob Costas ends his 24-year run as NBC's prime-time Olympics host, reducing his overall workload at the network as he takes on a role similar to Tom Brokaw's

Discussion: TODAY.com, IJR, Washington Post, TVWeek.com, @nbcolympics, @ap_sports, @businessinsider, @braddjaffy, @sinow, @bleacherreport, The Big Lead and @ennisnyt

Dominic Ponsford / Press Gazette:
UK mag Private Eye hit highest circulation in 55-year history in second half of 2016, up 9% YoY; its Christmas issue also had biggest sales ever at 287K copies

Discussion: @pressgazette, @claridgealex, @markismith50, @journalism, @malonebarry and @pressgazette

Ben Popper / The Verge:
Sources: Google combines product teams for YouTube Music and Google Play Music, likely paving way for a single music app in the future

Discussion: RAIN News, Music Industry Blog, hypebot, The Tech Portal, Gear, 9to5Google and Tubefilter

From Techmeme:

Kyle Wiggers / TechCrunch:
Nvidia starts making its Blackwell chips at TSMC's Phoenix plant and says it aims to make up to $500B of AI infrastructure in the US in the next four years

Arjun Kharpal / CNBC:
Sony hikes PlayStation 5 prices in Europe, the UK, Australia, and New Zealand, citing a “challenging economic environment”; the PS5 Pro remains the same price

Nikkei Asia:
Sources: Apple asked suppliers in India, Vietnam, and Thailand to ramp up production earlier in 2025; Indian factory utilization rates are already at the limit

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