Top News:
Brian Stelter / CNNMoney:
Sources: local TV anchors at Sinclair stations are concerned about mandatory corporate promotion language that claims national media outlets publish fake news — “This is so manipulative.” — That's an anchor at a local TV station owned by Sinclair, describing the company's latest mandate …
Discussion:
@anhaiphung, @brianstelter, @jamilsmith, @jayrosen_nyu, Mediaite, @dabeard, @mcookar, @banditrandom, @asteadwesley, @kairyssdal, @oliverdarcy and @greenhousenyt
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Todd Shields / Bloomberg:
Sinclair executes agreements to sell New York and Chicago TV stations to entities with ties to Sinclair's executive chairman; Sinclair would operate stations — Sinclair seeking to trim holdings in deal to buy Tribune — Sales of big stations executed, Sinclair says in FCC filings
Discussion:
@stopthecap, Broadcasting & Cable and Variety
Paul Bond / Hollywood Reporter:
Univision withdraws its long-delayed IPO, citing “prevailing market conditions”, announces that Peter Lori will replace Frank Lopez-Balboa as CFO — Francisco Lopez-Balboa is out and Peter Lori has been promoted as chief financial officer. — Univision Communications is canceling …
Discussion:
Bloomberg, Forbes, @gerryfsmith, Axios and Multichannel News
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Wall Street Journal:
Univision board chair says CEO Randy Falco plans to retire at end of 2018, earlier than planned; sources say a company review could lead to cost cuts of ~$200M — After canceling IPO plans, Spanish-language broadcaster explores cost cuts to ready company for a potential sale
Discussion:
Multichannel News, Deadline, CNNMoney, Variety, The Wrap, Hollywood Reporter and @brianstelter
Rhett Jones / Gizmodo:
NYT editor using “Millennials to Snake People” Chrome extension swapped “Great Recession” for “Time of Shedding and Cold Rocks” in post, had to write correction — Text-altering browser extensions are all fun and games until you forget to turn them off in the most awkward situations possible.
Discussion:
The A.V. Club, New York Times, @emjbanks, @coolranchzaku, @m_delamerced, @pvolpe, @bencasselman, @sinderbrand, @jswatz, Mashable, @ylindaqiu, @bankonjustin, @echinocrepis and New York Magazine
David Streitfeld / New York Times:
In an interview, Peter Thiel says he is pursuing Gawker through the courts because Terry Bollea is owed money and does not plan to destroy site's archives — Peter Thiel is Silicon Valley's homegrown Cassandra. He warned for years that the big tech companies were arrogant and clueless and less good for mankind than they believed.
Discussion:
@anildash, @stevecase, @karaswisher, @pkafka, East Bay Times, @pinboard, @karaswisher, @trickfreee, Mediaite, Axios, @mikedelmoro, @scottmaustin, @alexeheath, @ceciliakang, @bykowicz, @joshuabrustein, @johnjcook, @viacristiano, @katierogers, @caseynewton, @mhbergen, @espiers and @sparkyrandles, more at Techmeme »
Alex Heath / Cheddar:
Sources: Snap plans layoffs to its engineering department, the largest layoffs to date; source says about 100 people, less than 10% of the unit, are affected — Snap Inc. is preparing its largest round of layoffs to date, Cheddar has learned. — The Snapchat-maker plans to announce …
Discussion:
CNBC, Los Angeles Times, VideoInk, Wall Street Journal, TechCrunch, The Hill, The Verge, Variety, GeekWire, Business Insider, Fast Company and Recode, more at Techmeme »
Wall Street Journal:
Newsweek Media Group says it fired two engineers connected with code that inflated ad metrics, says it removed code; some ad tech firms cut ties with company — Newsweek's international sites ran code that allegedly generated invalid traffic; Newsweek Media Group says it has removed the code, fired two employees linked to issues
Discussion:
PR Newswire, @jason_kint, @baekdal, @jbenton, @larakiara, @srabil, @keithrhernandez and Talking Biz News
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Farhad Manjoo / New York Times:
NYT journalist Farhad Manjoo spent nearly two months relying solely on print for his news and concluded that digital has broken how we process information — I first got news of the school shooting in Parkland, Fla., via an alert on my watch. Even though I had turned off news notifications months ago …
Discussion:
Slate, @annehelen, Newser, @tvkatesnow, @nnougayrede, @mkrasnik, @amyfiscus, @mathieuvonrohr, @mepaynl, @mathewi, @mikerugnetta, @dannysullivan, @ezraklein, @sopandeb, @lionelbarber, @brianstelter, @ktbenner, @positivesean, @talkopan, @panzer, @timanderson, @bencasselman, @naysayr, @bradplumer, @liamstack, @jmartnyt, @benjysarlin, @christophclarey, @drjoehanson, @natalieweiner, @markberman, @bomani_jones, @pomeranian99, @austinkleon, @matthewnussbaum, @nprinskeep, @jasonabbruzzese and @susandelacourt, more at Techmeme »
Dan Seiffert / Boston Business Journal:
The Boston Globe is increasing the price of its print subscription by up to 80%, meaning daily delivery will cost some customers $1,347 a year — The priciest regional daily newspaper in the U.S. is about to get pricier, with as much as an 80 percent increase possible for some home delivery subscribers.
Discussion:
Nieman Lab, WGBH News, @yelvington, @jbenton, @mmasnick, @dada_drummer, @brucebartlett, @hari, @dankennedy_nu, @bosbizdon and @raju
Meg James / Los Angeles Times:
Tronc says FTC and DOJ have approved sale of LA Times as company reports Q4 loss of $373K on revenue of $435M, up 2.3% YoY; print ad revenue down 11.2% — Federal regulators have approved Los Angeles billionaire Dr. Patrick Soon-Shiong's planned purchase of the Los Angeles Times …
Discussion:
Deadline, Chicago Tribune, tronc, inc., TVWeek.com and Associated Press
Associated Press:
The Associated Press partners with Facebook to identify and debunk false or misleading stories related to the US mid-term elections — As part of its comprehensive fact-checking efforts, The Associated Press announced Wednesday that it will work with Facebook to identify and debunk false …
Discussion:
Mediaite, @justinhendrix, @ericcarvin and @jason_w_white
Etan Vlessing / Hollywood Reporter:
CBS COO says its CBS All Access streaming service will air six to seven original series within the next year, to drive subscriptions and compete with Netflix — At an investors conference, Joseph Ianniello also talked ‘The Twilight Zone’ reboot, Showtime and international expansion.
Discussion:
TechCrunch, Tubefilter and Engadget
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