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11:00 AM 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'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  —  Popular disappearing-message app ends day valued at $34 billion, higher than Marriott, Target
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 …
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 …
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 …
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.
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 …
 
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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
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
 Earlier Picks: 
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:

Chris Welch / The Verge:
Apple unveils $999+ 11" and $1,299+ 13" iPad Pros, with M4, an OLED Ultra Retina XDR screen, up to 1,600 nits; the 13" is Apple's thinnest product yet, at 5.1mm

Wesley Yin-Poole / IGN:
Memo: Microsoft's Xbox division to shut down multiple Bethesda studios and consolidate teams to prioritize high-impact titles and invest in Bethesda's portfolio

Lorenzo Franceschi-Bicchierai / TechCrunch:
UK and US authorities identify and charge the leader of the LockBit ransomware gang, a 31-year-old Russian national; the US also issued sanctions against him
 
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