Top News:
Paul Farhi / Washington Post:
Sources: Tronc is expected to announce it is selling the Los Angeles Times and the San Diego Union-Tribune to major shareholder Patrick Soon-Shiong — The Chicago-based owner of the Los Angeles Times is expected to announce it is selling the newspaper, according to people familiar with the company's plans …
Discussion:
Los Angeles Times, Fast Company, Bloomberg, @farhip, New York Times, Mediawire, 89.3 KPCC, @rachelking, @latlands, LA Observed, CNNMoney, Politico, Fortune, Splinter, Variety, @mayorofla, NPR, KTLA, @petersterne, @gabekahn, @kevinding, @chrismegerian, @kenvogel, The Wrap, @bencjacobs, @billshaikin, @mollyesque, @mattdpearce, @jbflint, @brianstelter and @jackshafer
Christine Wang / CNBC:
Disney reports mixed Q1 results with revenue of $15.35B vs. $15.45B expected; media and networks, consumer and interactive, and studio units miss targets — The Walt Disney Company reported quarterly earnings that beat expectations on Tuesday, but revenue missed estimates.
Discussion:
The Walt Disney Company, Variety, Broadcasting & Cable, The Wrap, The New York Observer, The Playlist, FierceCable and @jyarow
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Peter Kafka / Recode:
Streaming service ESPN Plus launching next month at $4.99/mo; sources say it won't have ESPN cable channels' content, which still requires ESPN subscription — How much would you pay for sports you weren't watching on TV? — Want to pay for a subscription to ESPN without paying for a subscription to other cable channels?
Discussion:
CNNMoney, Variety, CNBC, Ad Age, Engadget, Associated Press, The Verge, @spingriffey, 9to5Mac and Broadcasting & Cable, more at Techmeme »
Financial Times:
Study of 48K Facebook pages and 14K Twitter accounts from Oct. 2017 to Jan.: Trump backers share more extremist and phony posts than all other groups combined — Ultra-rightwing conservatives shared more false stories on Facebook than all other political groups combined in the three months …
Robert Feder:
Three former editors of DNAinfo Chicago are starting a local news site with five reporters, funded by subscriptions with support from blockchain-based Civil — Three editors from the former DNAinfo Chicago are reuniting to start up a new neighborhood news website to be funded by reader subscriptions.
Discussion:
@rachelholliday, @amandarivkin, @byalisonbowen, @amlwhere, @emily__olsen, @lillian_ruiz, @greenfieldjohn and Stephanie Graves
Sarah Frier / Bloomberg:
Snap's Q4 revenue, $285.7M vs. $252.8M est., topped analysts' estimates for first time since the firm's IPO, and average revenue per user rose 46% YoY to $1.53 — Company tops analysts' estimates for first time since 2017 IPO — In rare win, social-media underdog adds clients, runs more ads
Discussion:
Snap Inc., Business Insider, TechCrunch, Forbes, The Drum, @jank0, @kantrowitz, @bloombergtv, TechCrunch, Business Insider, The Verge and Engadget, more at Techmeme »
April Simpson / Current:
NPR's Daniel Zwerdling, a veteran investigative journalist, has left the network; sources say allegations of sexual harassment were filed to HR in November — Daniel Zwerdling, a veteran investigative journalist at NPR, has left the network amid allegations of sexual harassment.
Discussion:
NPR, @kryssypease, NewsCut, @aprilehrlich and @alyssaedes
Jeremy Barr / Hollywood Reporter:
Megan Greenwell becomes the first female chief editor at Gizmodo Media Group's sports site Deadspin, replacing Tim Marchman who was promoted — Greenwell becomes the site's first female chief editor and replaces the promoted Tim Marchman. — Megan Greenwell was announced on Tuesday …
Discussion:
@megreenwell, @raju, @page88, @aliciakennedy, @max_read, @emmaroller, @senari, @michellelegro, @jamilsmith, @amandahess, @djheller, @erikmal, @attackerman, @albertburneko, @minakimes, @stevekandell, @byjoelanderson and The Wrap
Corey Ford / A Matter-Driven Narrative:
Matter announces local news bootcamps for for-profit news outlets, working with colleges in MO, NY, CA, and GA, plus Google News Lab and News Media Alliance — Today, we launch Open Matter: Local News Bootcamps with Google News Lab, News Media Alliance, and 4 Top J. schools.
Discussion:
Nieman Lab, The Keyword, @ptalamantes, AndroidHeadlines.com, @morepete, @coreyford, @newsalliance, @kenromano, @googlenewslab, @mckeanml, @grove and Editor & Publisher
David Uberti / Splinter:
Memo: Nancy Cooper, IBT's Managing Ed, named acting editor of Newsweek; Jonathan Davis to return as chief content officer pending investigation into current CCO — After a handful of top reporters and editors were fired in a purge of the Newsweek masthead on Monday, about 40 …
Discussion:
@itsdavidford, Talking Biz News, Paste, Press Gazette, The Wrap, @daviduberti, @moorehn and @kelseymsutton
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Alfred Lee / The Information:
Sources: in Q3 2017, Spotify made €1B in revenue, putting it on track for €4B in full year revenue, up 40% YoY, and had an operating loss between €70M and €90M — Spotify generated a billion euros ($1.2 billion) in revenue in the third quarter of 2017, according to two investors briefed on the numbers.
Alex Heath / Cheddar:
Sources: Viacom is to announce another round of layoffs this week affecting dozens of staff, mostly in its sales and marketing divisions — Viacom is planning to announce a significant round of layoffs this week, Cheddar has learned. — The exact number of cuts is unclear …
Boris Kachka / The Cut:
Inside a decade of sexual harassment allegations and bullying at WNYC, amidst CEO Laura Walker's attempt to turn the organization around — One morning in late November, an employee in the sponsorship department of WNYC, the public-radio behemoth that transmits “Radiolab,” “All Things Considered …
Discussion:
Nieman Lab, @jayrosen_nyu, @glennf, @siddhmi, @mitrakalita, @ericuman, @glennf, @ilyamarritz and @maryjaneweedman
Jessica Elgot / The Guardian:
UK's Theresa May launches a review that will examine the health of online ad-driven media and whether state intervention is needed to preserve the press — Government review will assess whether state-intervention is needed to preserve the press … The decline of local journalism is a threat …
Discussion:
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