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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.
Discussion:
Ad Age, VentureBeat, The Wrap, TechCrunch, Fast Company, Business Insider, New York Times, Wall Street Journal, Variety, Tech Trader Daily, Fortune, @mcwellons, @dubois, @adamjohnsonnyc, @edmundlee, @edmundlee, @jyarow, @joshsternberg, @jackmarshall, @anthony, Axios, Softpedia News, NBC Chicago and Recode
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Peter Kafka / Recode:
NBCUniversal CEO'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.
Discussion:
@recode, The Wrap, @jarroddicker, @alexweprin, @edmundlee, @pkafka, @thedomino, Fortune and TechCrunch
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 — Popular disappearing-message app ends day valued at $34 billion, higher than Marriott, Target
Discussion:
Fortune, @kantrowitz, Wall Street Journal, CNBC, The Wrap, New York Times, Fortune, Talking Biz News, Reuters, Los Angeles Times, MediaNama, Ad Age, Bloomberg, TIME, TechCrunch, Forbes, Recode, The Wrap, Digiday, Digital Trends, TIME, The Guardian, VentureBeat, Bloomberg, AOL, CNBC, Dealbreaker, NPR, Fortune, Recode, The Guardian, The Information, Daring Fireball, Gizmodo, @danprimack, Softpedia News, Forbes, The Daily Caller, HYPEBEAST, @scottmaustin, Axios and VentureBeat
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:
New York Times, CNN, The New York Observer, LawNewz, Fox News, Observer, Snopes.com, Slate, Politicus USA, USA Today, The Guardian, TheBlaze, Common Dreams, Vanity Fair, Business Insider, Washington Monthly, Fox News Insider, The Wrap, Al Jazeera English, Newsy, @jasonkauf1, Bold, Rolling Stone, @jamilsmith, AOL, IJR, Above the Law, Hit & Run, Mother Jones, The New Civil Rights Movement, @jnelz, @bobbierman, @carloslozadawp, @jayrosen_nyu, The Week, The Slot, Hot Air, @jayrosen_nyu, @laurahelmuth, @hofrench, Gothamist, @johnrobinson, Miami New Times, Infowars, Mediaite, Q13 FOX News, The Huffington Post, New York Magazine, Lawyers, Guns & Money, www.wnyc.org, Mashable, emptywheel, The Hill, RT, Boing Boing, NPR, Refinery29, Talking New Media, The Daily Caller and Axios
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:
New York Times, The Guardian, The Guardian, The Quint, Press Gazette and @hendopolis
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 …
Discussion:
Mediaite, PEN America, @carenbohan, @ewstephe, @braddjaffy, @davidwright_cnn, @jackshafer, @tomkutsch, @teddyschleifer, @amy_siskind, @berkowitzbt, @skoczela and AOL
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, @laurenzcollins, Washington Post, @nytimesarts, @dylanbyers, @jeremywins, @stuartenyt, @kbsmoke and @andrewgiambrone
Haje Jan Kamps / TechCrunch:
News curation app Discors adds NYT and FT to its $4.99/month subscription model, which already includes The Economist, WaPo, and other publications — News outlets are having the time of their lives as people are flocking in to subscribe, but what if you want to read more than one news outlet?
Discussion:
@techcrunch, @ahayesroth and @mattervc
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:
Forbes, VentureBeat, @spotify, Digital Trends, TechCrunch, CNET, Softpedia News, Variety, Fast Company, Engadget, Mashable, Axios, Tech Narratives, 9to5Mac and MacRumors
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, @kristenhare, @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, @lalpert1, @wgaeast and @grimkim
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, Washington Post, @basquiatball and @kkaplan
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