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6:50 PM ET, January 4, 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,” …
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 …
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  —  Lawyers on behalf of President Donald Trump sent a letter Wednesday night to former White House Chief Strategist Stephen Bannon demanding …
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.
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
Paul Farhi / Washington Post:
Second-guessing of Michael Wolff's juicy book on the Trump White House begins, fueled by some rebuttals of Wolff's reporting in the past
Billboard:
Sources: Jimmy Iovine to leave Apple Music in August, a time believed to coincide with the full vesting of his Apple stock  —  His planned departure is likely timed to his shares fully vesting, sources tell Billboard.  —  Look for Jimmy Iovine to leave Apple Music in August.
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.
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.
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 …
Brian Stelter / CNNMoney:
CBS News fires political director Steve Chaggaris after investigation into allegations of inappropriate behavior  —  CBS News said Wednesday that it has fired its political director, Steve Chaggaris, amid allegations of “inappropriate behavior” in his past.  —  Chaggaris was a longtime CBS News employee.
 
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A.J. Katz / TVNewser:
Memo: Bloomberg Businessweek editor Megan Murphy is leaving, to be replaced by Joel Weber, editor of Markets magazine
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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