Top News:
Wall Street Journal:
Snap closes first day of trading at $24.51 per share, 44% above original price of $17, valuing the company at around $34B — Popular disappearing-message app ends day valued at $34 billion, higher than Marriott, Target
Discussion:
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Andrew Ross Sorkin / CNBC:
Sources: NBCUniversal invested $500M in Snap IPO as part of a strategic investment and partnership, making it the only US media company with a stake — NBCUniversal, a unit of Comcast and parent of CNBC, invested $500 million in Snap during its IPO as part of a strategic investment and partnership, according to sources.
Discussion:
Softpedia News
Margaret Sullivan / Washington Post:
Journalistic basics resulted in strong stories from two newspapers after weak cable news punditry followed President Trump's Congress speech — Call it the revenge of the reporters over the pundits. — Tuesday night was a low point for “the media” — if such a multi-headed beast …
Discussion:
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John Sudworth / BBC:
BBC team assaulted in China, is forced into signing confession for trying to conduct “illegal interview” by thugs and officials, while working on story — We'd arranged to meet a woman in her village in China's central Hunan Province and to then travel with her by train to Beijing, filming as we went.
Discussion:
The Guardian, Press Gazette, The Guardian, The Quint and @hendopolis
David Folkenflik / NPR:
Interview with CNN chief Jeff Zucker, who is emerging as a champion of aggressive journalism as Trump attacks and snubs his network — Attacked on national TV for supposedly serving up “fake news.” Shut out of a White House press briefing in retribution.
Discussion:
Hollywood Reporter, Eater, The Daily Caller, Washington Post, @perlberg, @mlcalderone, @npr, @davidfolkenflik, Refinery29 and The Huffington Post
Chaim Gartenberg / The Verge:
Spotify says it has 50M paying subscribers, up from 30M in March 2016 — Spotify continues to cement its place as the leader in music streaming, and today the company announced that it just hit another milestone of 50 million paid subscribers. … It's impressive growth for the company …
Discussion:
VentureBeat, @spotify, Digital Trends, TechCrunch, Softpedia News, Variety, Fast Company, 9to5Mac, CNET, Engadget, MacRumors, Axios, Mashable, Tech Narratives and hypebot
Pew Research Center:
Pew survey: 76% of Democrats and 49% of Republicans say freedom of the press to criticize political leaders is very important — 77% say it would be ‘too risky’ to give presidents more power — Large majorities of the public, Republicans and Democrats alike, say open and fair elections …
Discussion:
Hot Air, @basquiatball, @kkaplan and Washington Post
Andrew R. Chow / New York Times:
Bob Mankoff is stepping down from his post as the cartoon editor of The New Yorker after a 20-year run; Emma Allen will succeed him in April — Bob Mankoff is stepping down from his post as the cartoon editor of The New Yorker after a 20-year run. — Emma Allen, another editor at the magazine …
Discussion:
WWD, Washington Post, @dylanbyers, @jeremywins, @stuartenyt, @kbsmoke and @andrewgiambrone
Kristen Hare / Poynter:
Interview with Matt DeRienzo, who was named LION's executive director this week, on trends, business models, and making newsrooms “healthy again” — When Matt DeRienzo started working with Local Independent Online News Publishers two years ago, he thought the local news business had hit the bottom of cuts and layoffs.
Discussion:
LION Publishers, @mattderienzo and Editor & Publisher
Lukas I. Alpert / Wall Street Journal:
Vice Media's video and TV programming workers, including hundreds of writers, producers, and on-air talent, may unionize as organized labor makes major push — Unions are looking to extend their success in organizing digital newsrooms as media companies expand into video and TV
Discussion:
@caseyriankelly, @viceunion, @erifaith and @lalpert1
Adrienne LaFrance / The Atlantic:
Even in an age of nearly-real-time news, big stories still often break in the evening because of newspaper print deadlines — It's usually around 8 p.m. when the push notifications start rolling in. On Wednesday night, The New York Times kicked things off at 7:56 p.m. with a major story …
Discussion:
Mother Jones, Washington Post, New York Times, CNN, Fox News Insider, Business Insider, IJR, Al Jazeera English, Newsy, The Guardian, @mattdpearce, The New Civil Rights Movement, FOX2now.com, Common Dreams, The Wrap, Vanity Fair, AOL, The Gateway Pundit, @lizziejohnsonnn, @rationaldoge, @geniepee, @amyweissmeyer, @ejgold94, @adriennelaf, @elizabethangell, Hot Air, BGR, TheBlaze, Politicus USA, Infowars, Above the Law, Washington Monthly, Mediaite, The Slot, The Week, The Daily Caller and Lawyers, Guns & Money
Bloomberg:
Source: Trump has sworn off Morning Joe as he cuts back on MSNBC and CNN; he remains an avid Fox viewer and watches CNBC for business news — President said to binge more on Fox News, avoid CNN, MSNBC — Lobbyist discusses buying ads on Trump's favorite TV shows
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