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2:20 AM ET, March 1, 2018

Mediagazer

 Top News: 
Maggie Haberman / New York Times:
White House Communications Director Hope Hicks says she's resigning in coming weeks; sources say she has been considering leaving for several months  —  Hope Hicks, the White House communications director and one of President Trump's longest-serving advisers, said Wednesday that she was resigning.
RELATED:
Nicholas Fandos / New York Times:
Sources: White House Communications Director Hope Hicks told House investigators that her role sometimes required her to tell white lies on behalf of Trump
Dan Primack / Axios:
Spotify files with SEC for $1B direct listing, will use SPOT as stock symbol; reports 71M paid subs, up 46% YoY, $4.09B revenue in 2017, up from $2.95B in 2016  —  Music streaming giant Spotify today filed for a $1 billion IPO.  Axios had previously reported on the company's confidential filing, but the new paperwork is public.
RELATED:
Peter Kafka / Recode:
Sony Music owns 5.7% of Spotify's shares, which is more than other music labels and potentially worth $1.1B based on a $20B valuation  —  Now it has to figure out how to divide that money with Beyonce and its other artists.  —  Spotify's coming IPO is validation for CEO Daniel Ek, who has built a giant music streaming business.
Recode:
Spotify's gross margin has grown from 16% to 21% from 2014 to 2017, but since it pays per stream, it still must figure out how to turn usage growth into profit  —  Spotify generates billions in revenue and gives most of that money to the music labels.  But it is gaining leverage and getting better margins.
Theodore Schleifer / Recode:
How Spotify shareholders TPG and Dragoneer used convertible debt notes, which entitled them to more shares if listing was delayed, to force listing by July 2
more at Techmeme »
Paris Martineau / The Outline:
After removing some conspiracy and pro-gun videos and channels, YouTube says it will reinstate videos, which may have been removed in error by moderators  —  Looks like that whole “content moderation” thing wasn't a joke after all.  —  The Future  —  Looks like that whole “content moderation” thing wasn't a joke after all.
RELATED:
Joseph Cox / Motherboard:
YouTube banned neo-Nazi group Atomwaffen Division's channel for violating hate speech policies following criticism and a request from the Anti-Defamation League  —  YouTube's removal only comes after a media flurry around the platform's inaction on neo-Nazi content.
Akhil Arora / NDTV Gadgets 360:
Amazon Music launches in India as a free service for Prime members, available on Android, iOS, and the web  —  Amazon Music has been given a full-scale launch in India, the subscription-based music streaming service that's part of Amazon Prime membership.  You can now access it via music.amazon.in …
Kara Bloomgarden-Smoke / WWD:
Vogue and Vice put on hold their collaboration, Project Vs, due to launch today; source says sexual harassment allegations at Vice caused loss of sponsorships  —  The project was put on hold after multiple sponsors got cold feet, according to sources.  —  Vice chief executive officer Shane Smith …
Taylor Lorenz / The Daily Beast:
The Oshry sisters, a family of Instagram stars, concealed the fact that their mother is Pamela Geller, an alt-right troll who was banned from entering the UK  —  Claudia, Jackie, Olivia, and Margo Oshry are a group of sisters in New York living the millennial dream, running viral Instagram accounts …
Sarah Perez / TechCrunch:
Twitter begins rolling out its Bookmarks feature, which lets users privately save tweets and has been in testing since October 2017, to all mobile users  —  Twitter today is publicly launching its “Bookmarks” feature, which has been in testing since late last year, following the company's HackWeek project dubbed #SaveForLater.
Associated Press:
Two officials close to Slovak PM Robert Fico, who were named in slain journalist Jan Kuciak's last story, have resigned until investigation into murder is over  —  BRATISLAVA, Slovakia (AP) — An investigative journalist shot dead in Slovakia last week was working on a story about the activities …
RELATED:
Mathew Ingram / Columbia Journalism Review:
Profile of The Disconnect, an online magazine featuring essays, fiction, and poetry that only reveals its content to readers when they disconnect from the web  —  At first glance, it seems like the ultimate paradox: A magazine that exists only on the internet, filled with content …
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 More News: 
Alexandra Steigrad / New York Post:
Source: Jay Penske sells minority stake of Penske Media Corp to Saudi Arabia's Public Investment Fund for $200M+, valuing Penske's company around $1B
Discussion: @pkafka
Mark Sweney / The Guardian:
Daily Star editor Dawn Neesom has resigned and Daily Express editor Hugh Whittow is expected to resign Thursday following Trinity Mirror takeover
New Media Investment Group:
New Media Investment Group reports Q4 revenue of $394.4M, plans to close $14.25M purchase of Eugene Register-Guard in Q1, and spent $120M on Morris Publishing
Discussion: Poynter
Brian Steinberg / Variety:
Viacom CEO Bob Bakish says the company plans to launch a streaming service later this year, making use of its archive content
Discussion: /Film and TV Tattle
Daniel Funke / Poynter:
Three Dutch publications are suing the European Union over an EU project which classified them as “disinforming outlets”
Jessica DiNapoli / Reuters:
Sources: Weinstein Co's creditors want to lend it $25M to finance its movie and TV operations during upcoming bankruptcy and help protect their collateral
Al Tompkins / Poynter:
Behind-the-scenes of this week's Time magazine, which took two years to produce, has no advertising, and covers the American opioid epidemic cover-to-cover
Kristen Hare / Poynter:
How a chat between two reporters who covered Pulse and Sutherland Springs mass shootings led to creation of a Facebook group for journalists covering trauma
 Earlier Picks: 
Washington Post:
Analysis of posts on anonymous forums shows how extremists tried to undermine news reports and push conspiracy theories to broader media after Parkland shooting
Alex Ritman / Hollywood Reporter:
London police are investigating a complaint of sexual assault against Harvey Weinstein from a 10th alleged victim; the incident reportedly happened in mid-1990s
Bloomberg:
Baidu's video streaming service iQiyi files for US IPO with $1.5B placeholder target; reports suggest it's aiming for a public market valuation of ~$10B
more at Techmeme »
Mike Shields / Business Insider:
Little Things, a publisher with 12M Facebook followers that focused on feel-good news and videos, is shutting down, says algorithm changes cut traffic by 75%+
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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