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1:42 PM ET, May 10, 2017

Mediagazer

 Top News: 
Josh Constine / TechCrunch:
Facebook says it will now rank sites with “disruptive, shocking or malicious ads” lower in News Feed  —  Facebook will bury links to low-quality websites and refuse to carry ads pointing to them in a News Feed algorithm changeannounced today.  Facebook defines a ‘low-quality site’ as one …
Brian Flood / The Wrap:
Newsmax CEO Chris Ruddy says he'd be “very open” to hiring Bill O'Reilly, amid reports that he had been urged by WH insiders to recruit the fired Fox News host  —  Newsmax CEO Chris Ruddy said he thinks “very highly” of former Fox News star Bill O'Reilly — who was recently fired amid …
WSAZ-TV:
Reporter released after being arrested in WV while he tried to ask questions of HHS Secretary Tom Price and Kellyanne Conway; police said he caused disturbance  —  CHARLESTON, W.Va. (WSAZ) - A reporter was arrested Tuesday at the West Virginia Capitol for allegedly causing a disturbance …
CNBC:
Time Inc.'s Q1: total revenue dips nearly 8% to $636M, net loss increases by $18M YoY to $28M; in earnings call, CEO blames media speculation around sale  —  Time Inc. on Wednesday slashed its dividend as the magazine publisher pushed ahead with a cost-cutting plan following its decision to not sell itself …
Discussion: Time Inc. and Axios
RELATED:
Edmund Lee / Recode:   After missing Q1 estimates, Time Inc. is now worth far less than the $18/share Meredith offered, with shares trading as low as $12.50 on Wednesday, down 16%
Troy Dreier / Sports Video Group:
Sports Illustrated to debut OTT service this fall with live and on-demand programming covering analysis, documentaries, fantasy sports, and swimsuits  —  No live sports but analyses, documentaries, fantasy sports — and swimsuits  —  The biggest name in sports journalism will soon launch an OTT video service.
Hollywood Reporter:
Days after being acquired by Sinclair, Tribune Media reports Q1 loss of $85.5M, with revenue falling 6% to $444M, and ad revenue dropping 9% to to $291.7M  —  The company, led by interim CEO Peter Kern, posts a 9 percent advertising revenue drop.  —  Tribune Media on Wednesday said it swung …
Discussion: Tribune Media, Reuters and Variety
Natalie Jarvey / Hollywood Reporter:
NBCUniversal acquires majority stake in how-to crafts website Craftsy, which receives 2M active visitors a week, for an undisclosed sum  —  The website, known as a destnation for crafting enthusiasts, will join the NBCU Cable Entertainment portfolio.  —  NBCUniversal is getting a little crafty.
Sarah Perez / TechCrunch:
PBS KIDS launches its own streaming stick with access to on-demand video, games and live TV  —  PBS KIDS is ready to take over your kids' TV.  The company this morning announced the launch of its own streaming stick, called the PBS KIDS Plug & Play, which delivers a combination of on-demand video …
Discussion: Variety
 
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 More News: 
Jessica Davies / Digiday:
Spiegel Online has assembled a team of 10 employees to create daily editions on Snapchat Discover, which Snap recently launched in Germany
Discussion: Nieman Lab
 Earlier Picks: 
Akin Oyedele / Business Insider:
Disney reports mixed Q2 results with net income of $2.4B, up 11% YoY, on $13.3B revenue, up 3% YoY; media networks operating income fell 3%
Hannah Al-Othman / BuzzFeed:
UK's Labour Party denied BuzzFeed access to its campaign events on Tuesday and said contact with party leader Corbyn would be limited for rest of campaign