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4:55 PM ET, May 10, 2017

Mediagazer

 Top News: 
Hadas Gold / Politico:
US media outlets were shut out of Trump meeting with Russia's Sergey Lavrov and Sergey Kislyak, while Russian state news agency TASS was allowed in  —  On Wednesday morning as controversy swirled over the president abruptly firing his FBI chief amid an investigation of possible ties between …
RELATED:
J.K. Trotter / Jezebel:
Sources: divorce affidavit of Bill O'Reilly's ex-wife details abuse incident after she caught him engaging in phone sex, a practice mentioned in Fox News cases  —  Bill O'Reilly's ex-wife swore in an affidavit that the disgraced Fox News host brutally assaulted her in their Long Island home …
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%
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 …
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” …
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.
Paul Bond / Hollywood Reporter:
21st Century Fox reports mixed Q3 results with quarterly revenue up 5% to $7.56B, led by higher TV ad and affiliate revenue  —  21st Century Fox exceeded earnings expectations by reporting a quarterly profit of 54 cents on an adjusted basis even though revenue of $7.56 billion was a tad light.
Discussion: 21st Century Fox
 
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 More News: 
Dominic Ponsford / Press Gazette:
New York court rejects CEN and Michael Leidig's summary judgment bid in $11M Buzzfeed “The King of Bulls**t News” libel suit, case will go to trial
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
Sarah Perez / TechCrunch:
PBS KIDS launches its own streaming stick with access to on-demand video, games and live TV
Discussion: Variety
 Earlier Picks: 
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
Carli Velocci / The Wrap:
Memo: AwesomenessTV hires Jordan Levin, formerly CCO at the NFL Network, as CEO