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1:05 PM ET, March 3, 2017

Mediagazer

 Top News: 
Andrew Ross Sorkin / CNBC:
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.
RELATED:
Peter Kafka / Recode:
NBCUniversal CEO Steve Burke's note to employees: Snap investment “builds on our strategy to drive digital growth for our business”  —  Here's a note from CEO Steve Burke.  —  Comcast's NBCUniversal invested $500 million in Snap when it went public this week.
Wall Street Journal:
Snap closed first day of trading at $24.51 per share, 44% above original price of $17, valuing the company at around $34B
Benjamin Mullin / Poynter:
Juan Thompson, who was fired from The Intercept for fabricating quotes, is arrested on suspicion of making bomb threats against eight Jewish community centers  —  Juan Thompson, who was fired from The Intercept last year for fabricating quotes, has been arrested on suspicion of making bomb threats against Jewish community centers.
RELATED:
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
Romain Dillet / TechCrunch:
Automattic, the company behind WordPress, launches new importing tool that makes it easier to copy Medium content to a WordPress site  —  Publishing platform Medium recently laid off dozens of people.  So if you don't want to hand away your precious writing to a startup that is still looking …
Reuters:
Sources: Treasury Secretary Steven Mnuchin used his first senior staff meeting last month to tell his new aides he would not tolerate leaks to the news media  —  President Donald Trump's Treasury Secretary Steven Mnuchin used his first senior staff meeting last month to tell his new aides …
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 …
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.
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 …
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.
 
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 More News: 
Todd Spangler / Variety:
Mashable Studios creates a new position, vice president of programming and development, in Los Angeles and hires Polly Auritt, most recently of Fullscreen
Discussion: Multichannel News
 Earlier Picks: 
Chaim Gartenberg / The Verge:
Spotify says it has 50M paying subscribers, up from 30M in March 2016
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
 

 
From Techmeme:

Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 11%+ after hours

Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; MSFT jumps 4%+ after hours

Reuters:
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok's algorithm as core to overall ByteDance systems
 
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