Top News:
Claire Atkinson / NBC News:
Newsweek Media Group's head of sales resigns, and a source says the company has lost “hundreds of thousands” in ad commitments since reports it bought traffic — The Newsweek Media Group is reeling. — Ed Hannigan, the company's head of sales, resigned on Tuesday.
Discussion:
Mic, @jaysunsilver, @rachelcbrody, @melinadelkic, @journo_christal, @linleyann, TechCrunch, @jasonabbruzzese, @sulliview and @claireatki
Selina Wang / Bloomberg:
Twitter's Q4: profit of $91.1M, its first ever, and surprise 2% YoY revenue gain of $731.6M as MAUs rise 4% YoY or stay flat QoQ at 330M; stock opens up 25%+ — Revenue rises to $732 million, topping analysts' estimates — Efforts to fight spam, bots limited gains in user numbers
Discussion:
Recode, TechCrunch, Fortune, Fast Company, Forbes, BloombergQuint, @twitterir, Reuters, The Week and 9to5Google, more at Techmeme »
Ken Doctor / Nieman Lab:
Analysis of LA Times deal: factors that led to sale now, speculation on Soon-Shiong 's future strategy, a look at price, and a theory on a future Gannett role — Tronc is getting a big premium for its flagship asset, and the Times is getting a return to private, local ownership.
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Meg James / Los Angeles Times:
Tronc forms new company, Tribune Interactive, with Ross Levinsohn as its CEO and ex-LA Times EIC Lewis D'Vorkin as its chief content officer
Discussion:
Los Angeles Times, @mattdpearce, New York Times, The Week, @mbrauchli, The Wrap, LA Observed, Ad Age, News, East Bay Express, The Daily Caller, Reuters, CNBC, Los Angeles Times, @priyakkumar, KTLA, L.A. Times Guild, @vinncent, @juliewestfall, @jenyamato, @andrewmseaman, @samocole, @davidfolkenflik, @nycjim, Chicago Business, Hollywood Reporter and @gerryfsmith
Sydney Ember / New York Times:
New York Times overall subscription revenue, which now accounts for 60% of total revenue, rose to more than $1B for 2017; Q4 revenue rose 10% YoY to $484M — In a tough environment for journalism, The New York Times Company continued to post significant subscriber growth, propelling the company to a healthy 2017.
Local News Lab:
Democracy Fund announces two new funds in NJ and NC totaling $2M to support local news ecosystems and seek long-term solutions for public-interest news — Democracy Fund establishes two new local funds — Local news is critical to a healthy democracy, and we believe that the future of local news is local.
Discussion:
@democracyfund, @melaniesill, @jcstearns and @jcstearns
Washington Post:
Executives at The Newseum plan to meet with a real estate firm Thursday to explore options including selling its building in Washington, DC, or moving locations — Two months shy of its 10th anniversary in a glass-and-steel showpiece on Washington's most prestigious thoroughfare …
Sahil Patel / Digiday:
NBCUniversal and BuzzFeed launch Playfull, a millennial parenting channel on Facebook that marks the first time both companies have co-owned a publishing brand — NBCUniversal and BuzzFeed are creating a new millennial parenting channel together called Playfull, hoping to replicate BuzzFeed's success …
Max Willens / Digiday:
Condé Nast to begin experimenting with Amazon Echo Look to provide content and recommendations from Vogue and GQ on Look's mobile app starting February 19 — Condé Nast glossies Vogue and GQ are focusing more on content recommendations that lead to e-commerce, and they've found another place to syndicate them.
Discussion:
TechCrunch and Engadget
Reuters:
Viacom quarterly revenue drops 7.6% YoY to $3.07B due to a drop in cable TV fees, though net profit increased from $386M to $535M, or $1.33 per share — (Reuters) - Viacom Inc (VIAB.O), the owner of MTV, Comedy Central and Nickelodeon, reported a 7.6 percent fall in quarterly revenue on Thursday …
Discussion:
Hollywood Reporter
Ricardo Bilton / Nieman Lab:
Q&A with Trevor Kaufman, CEO of paywall tech firm Piano, on the rise of paywalls and subscription models, lack of longform strategy, and social distribution — “The promise of Facebook growth is that, if get your strategy just right, you can get big scale and make money off …
Associated Press:
Four prominent Venezuelan journalists leave country after being sued over an article alleging irregularities in food sales to President Maduro's administration — https://www.apnews.com/123b18463c434094 a12e381028bd8608 — CARACAS, Venezuela (AP) — Four prominent Venezuelan journalists …
Wall Street Journal:
Reddit cofounder Alexis Ohanian steps down from daily duties at the company to focus on early stage VC firm he cofounded and personal life, will remain on board — Reddit Co-Founder Alexis Ohanian announced on Wednesday he will step down from daily duties at the internet company and focus …
Sara Fischer / Axios:
Snapchat says it generated $100M in revenue for Discover's publishing partners in 2017, up from $58M in 2016 and $10M in 2015 — Snapchat says it generated $100 million in revenue for content partners on Discover in 2017, up from $58 million in 2016 and $10 million in 2015.
Discussion:
Recode and Wall Street Journal
RELATED:
Wall Street Journal:
Snapchat is launching to tool to let TV networks pipe snippets of live broadcasts directly into the app, starting this Saturday with NBC's Olympics coverage
Discussion:
TechCrunch, Digiday, Ad Age, TechCrunch, TechCrunch, Recode, The Keyword, Crain's New York Business, Variety, ZDNet, Business Insider and The Next Web
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