Mediagazer: A behind-the-scenes look at two tumultuous years inside Facebook as it struggled with fake news, its impact on the 2016 election, and its battle with News Corp (Wired)

A behind-the-scenes look at two tumultuous years inside Facebook as it struggled with fake news, its impact on the 2016 election, and its battle with News Corp — ONE DAY IN late February of 2016, Mark Zuckerberg sent a memo to all of Facebook's employees to address some troubling behavior in the ranks.

Joe Pompeo / Vanity Fair:

Sources: CNN to target savings on digital by eliminating up to ~50 jobs worldwide this week, cuts to affect CNN Money, video, product, tech, social publishing — A year ago, CNN was positioning itself as ready to take on Vice and BuzzFeed in the digital space.

Discussion: Variety, The Wrap, TVNewser, Mediaite, Deadline, Hollywood Reporter, Radio and TV Talk, The Hill, @kevglobal and @joepompeo

Kurt Wagner / Recode:

eMarketer says Facebook lost ~2.8M US users under 25 in 2017, predicts it will lose ~2.1M in 2018; Instagram's US users will grow 13%, Snapchat's by 9% in 2018 — That's according to research firm eMarketer. — Facebook is losing young users even quicker than expected, according to new estimates by eMarketer.

Discussion: CNBC, The Wrap, VentureBeat, The Wrap, Quartz, The Daily Beast, TechCrunch, Quartz, USA Today, ZDNet, @taylorlorenz, The Week, Gizmodo, Ad Age and Fast Company, more at Techmeme »

Charles Riley / CNNMoney:

Unilever marketing boss Keith Weed is to threaten to pull advertising from Facebook, Google, and other digital platforms, citing fake news, among other concerns — Social media giants grilled on ‘fake news’ — Unilever is threatening to pull its advertising from digital platforms …

The Daily Beast:

Sources: billionaire financiers behind Ben Shapiro's The Daily Wire website in talks to buy Glenn Beck's TheBlaze — The people who head Ben Shapiro's conservative news site are in talks to buy Glenn Beck's troubled media empire TheBlaze, The Daily Beast has learned.

Discussion: The Wrap, @simonmaloy, AllAccess.com and @rightwingwatch

Karl Taro Greenfeld / Los Angeles Times:

Former writer at Time Inc. offers anecdotes about how the publisher was “overspending horrendously” on salaries and unlimited expense accounts before AOL merger — I started as a writer at Time Magazine on a Monday in 1998. I turned up that morning to find the 23rd floor …

Discussion: @nbj914, @stuartisett, @poniewozik and @editorialiste

Joe Pompeo / Vanity Fair:

A week after Meredith takeover of Time Inc., sources speculate about potential buyers for some of the magazines, especially Time, Fortune, Sports Illustrated — The sudden Midwesternizing of a Manhattan media empire. — It's been a little more than a week since Time Inc. ceased to exist …

Avi Selk / Washington Post:

NBC apologizes to Koreans for remarks by Olympics commentator Joshua Ramo who said Koreans viewed Japanese occupation of the country as a positive thing — Friday's Opening Ceremonies for the Winter Olympics in South Korea were, by most accounts, spectacular.

Discussion: @theresaafallon, Awful Announcing, @geesubay, Vanity Fair, The Korea Times, New York Times, Mediaite, The Korea Herald, iMediaEthics, The Guardian, Adweek and Newser

Jana Winter / Foreign Policy:

Former Senior FBI Official Is Leading BuzzFeed's Effort to Verify Trump Dossier — Anthony Ferrante coordinated the U.S. government's response to Russian election interference. Now he's helping a news site defend itself from a Russian billionaire's lawsuit.

Discussion: The Hill, @janawinter, @foreignpolicy and The Week

Brian Beutler / Crooked Media:

Conservatives treat liberal bias in mainstream media as fact; reporters should stop conciliatory approach, accept that Conservatism and journalism conflict — If you get your news from conservative media these days, you probably don't know that President Donald Trump's lawyers believe …

Discussion: @niawag2011, @brianbeutler and @theplumlinegs

The Guardian:

Sweden wanted to drop its extradition case against WikiLeaks founder Julian Assange in 2013 but was dissuaded by the UK's prosecution service — UK prosecutors tried to dissuade Swedish counterparts from doing so, exchange shows … Swedish prosecutors attempted to drop extradition proceedings …

Discussion: The Times & The Sunday Times

Jeff Baumgartner / Multichannel News:

Fusion partners with Cheddar to air a weekly 30-min show, The Point with Jon Steinberg, premiering on February 15 — ‘The Point with Jon Steinberg’ premieres February 15 — Fusion and Cheddar, the financial news network focused on younger audiences, have teamed on a ten-episode …

Discussion: Talking Biz News, Thanks:@jonsteinberg