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1:25 AM ET, January 5, 2018

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 Top News: 
Rosalind S. Helderman / Washington Post:
Longtime Steve Bannon backer Rebekah Mercer issues rebuke distancing family from Bannon, says she's committed to Breitbart News, where she holds minority stake  —  Stephen K. Bannon's main financial backer is formally cutting ties with the former Trump adviser.
RELATED:
Washington Post:
Lawyer Charles Harder demands that publisher Henry Holt and Co. cease and desist from publication of Michael Wolff's book on Trump  —  President Trump on Wednesday castigated his former chief strategist Stephen K. Bannon as a self-aggrandizing political charlatan who has “lost his mind,” …
CNNMoney:
Publisher of Wolff book moves release date to Friday, starting at 9am ET, from previously scheduled Tuesday release date  —  The publisher of Michael Wolff's new book about President Trump is rushing it onto bookshelves.  —  “Due to unprecedented demand, we are moving the on-sale date …
Jack Shafer / Politico:
Trump fell for Michael Wolff's skill of sucking up to sources before he tears them down, a decade after Wolff did the same to Murdoch  —  The president should have known better.  Michael Wolff does not mess around.  —  President Donald Trump could have saved himself a lot of grief if he …
Michael Wolff / British GQ:
Wolff book excerpt on the Ailes plans for a new conservative TV network and the media handlers closest to Trump, including Hope Hicks  —  Soon after the inauguration of Donald Trump on 20 January 2017, GQ columnist Michael Wolff was granted special access to the White House.
Mike Allen / Axios:
Michael Wolff has dozens of hours of tapes of interviews with Bannon and other White House insiders, making some quotes in his new book hard to refute  —  Michael Wolff has tapes to back up quotes in his incendiary book — dozens of hours of them.  —  Among the sources he taped, I'm told …
Oliver Darcy / CNNMoney:
Source: “hard push” exists to convince Breitbart CEO Larry Solov and Susie Breitbart to fire Steve Bannon; WH press secretary says firing should be considered  —  Trump slams Bannon: He lost his mind  —  The White House on Thursday said that Breitbart should consider firing …
Michael Wolff / New York Magazine:
Michael Wolff book excerpt recounts Trump's talks with media figures including Roger Ailes, who urged Trump to float rumors of a TV network, and Murdoch
John Santucci / ABC News:
Trump lawyer Charles Harder sends Steve Bannon a letter demanding he refrain from disparaging comments about Trump and his family, claims Bannon breached NDA
RELATED:
Tony Romm / Recode:
Sources: FCC Chairman Ajit Pai canceled his scheduled appearance at CES after receiving death threats  —  The threats have intensified following an FCC vote to repeal net neutrality rules.  —  Federal Communications Commission Chairman Ajit Pai canceled his scheduled appearance …
Juli Clover / MacRumors:
Spotify says it has 70M paying subscribers, up from 60M in late July 2017, as the company prepares for an IPO  —  Spotify today announced on Twitter that it has hit a new milestone, with the streaming music service reaching a total of 70 million paid subscribers.
Will Oremus / Slate:
Calls for Twitter to ban President Trump are misguided and counterproductive; the biggest threat posed by @realDonaldTrump is to Trump's own presidency  —  Ever since Donald Trump became president, some liberal activists have called for Twitter to suspend his account.
 
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 More News: 
A.J. Katz / TVNewser:
Memo: Bloomberg Businessweek editor Megan Murphy is leaving, to be replaced by Joel Weber, editor of Markets magazine
 Earlier Picks: 
Reuters:
Sources: Google exploring sale of US restaurant review guide Zagat which it bought for $151M in 2011
Discussion: Eater, grubstreet, Tech Times and Eater NY
Tanya Dua / Business Insider:
JPMorgan Chase created internal tool to select “safe” YouTube channels for its ads; algorithm culled list of channels where its ads can appear from 5M to 3K