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1:20 PM ET, March 23, 2017

Mediagazer

 Top News: 
Lukas I. Alpert / Wall Street Journal:
Sources: a bitter feud has emerged between Patrick Soon-Shiong and Michael Ferro as they compete for larger stakes in Tronc  —  Ousted director Patrick Soon-Shiong adds to stake in Los Angeles Times publisher, setting up for showdown with its biggest shareholder and chairman Michael Ferro
Jeff Gammage / Philly.com:
Philadelphia Media Network guild members vote down contract that would have ended seniority protections in the event of a layoff  —  Journalists and other union members at the Inquirer, Daily News, and Philly.com have decisively rejected a contract offer that would have provided solid …
Hollywood Reporter:
Disney extends Bob Iger's contract as CEO until July 2019 amid concerns that there is no immediate successor within the company's executive ranks  —  The exec has now re-upped his contract until July 2, 2019 amid concerns among industry observers that there is no heir apparent within the company's executive ranks.
Jacob Kastrenakes / The Verge:
Medium launches memberships for $5/month, directing early revenue to writers, eventually giving access to exclusive stories and an offline reading list  —  You don't really get anything yet  —  Medium has just launched its subscription service, which for $5 per month will give subscribers access to... something, eventually.
Jeremy Gerard / Deadline:
The New York Times names New York magazine's Jesse Green co-chief theater critic in wake of Charles Isherwood's departure  —  The New York Times poached New York magazine's Jesse Green to be co-chief theater critic with longtime Number One, Ben Brantley.  The hiring, effective May 1 …
John Eggerton / Broadcasting & Cable:
US Senate begins debate on resolution to roll back FCC's broadband privacy regulations  —  Vote expected tomorrow on resolution  —  The Senate began debate late Wednesday on invalidating the FCC's broadband privacy regs, adopted last October by a divided FCC whose dissenters are now in the majority.
Todd Spangler / Variety:
Vice Media moves into scripted content with short-form and original programming coming to its US website  —  Inks exclusive distribution pact with startup studio Blackpills  —  Vice Media, which has built its brand for more than two decades largely around news, documentaries and other nonfiction fare …
Steven Perlberg / BuzzFeed:
Memo: The Guardian announces job cuts at US newsroom, after plan to move NY HQ to Kushner-owned building was scrapped at a cost, according to sources, of $250K  —  The Guardian's US operation announced a fresh round of cuts two days after BuzzFeed News reported that it had backed out of a move to a Kushner-owned building.
RELATED:
Hadas Gold / @hadas_gold:   Staff memo: The Guardian's UK newsroom also likely to be hit by layoffs
 
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 More News: 
Fitz Tepper / TechCrunch:
Six March Madness games to be offered in VR; single court camera for $2 per game, multiple camera angles for $3 per game or $8 for all six
Jessica Chasmar / Washington Times:
Media Matters founder David Brock, 54, is recovering from a heart attack he suffered Tuesday in Washington
Jessica Guynn / USA Today:
Despite Google's assurances, AT&T, Verizon, others pull ads from Google and YouTube over concerns ads could appear next to content promoting terrorism and hate
 Earlier Picks: 
Laura Hazard Owen / Nieman Lab:
Q&A with Tim Marema, editor of The Daily Yonder, a site run by the nonprofit Center for Rural Strategies, which covers rural issues and policy
Discussion: @laurahazardowen
James Warren / Poynter:
Inside the Pulitzer Center, a 10-year-old nonprofit with 571 publication partners that has supported 715 projects and facilitated a total of 6,168 stories
 

 
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 12%+ 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

Kif Leswing / CNBC:
Intel reports Q1 revenue up 9% YoY to $12.72B, vs. $12.78B est., Data Center and AI up 5% to $3B, and Q2 revenue guidance below est.; INTC falls 9%+ after hours
 
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