Top News:
Casey Newton / The Verge:
Police confirm four shot at YouTube's headquarters in San Bruno, three hospitalized, one dead of self-inflicted gunshot wound, suspected shooter was a woman — San Bruno received multiple 911 calls from headquarters, report says — At least four people were shot at YouTube's headquarters …
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Michelle Broder Van Dyke / BuzzFeed:
Alleged YouTube shooter Nasim Aghdam had denounced the platform for age-restricting videos on her website; her father warned police she might visit YouTube HQ — The woman posted frequently on the video sharing platform about animal cruelty, vegan recipes, and said she believed YouTube was discriminating against her.
Discussion:
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Russell Brandom / The Verge:
Twitter account of YouTube product manager Vadim Lavrusik was hacked and shared fake news during YouTube HQ shooting; Twitter deleted hoax tweets from account — As Twitter users searched for news about today's shooting at YouTube headquarters, hackers were actively compromising a verified employee account to spread misinformation.
Discussion:
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Katie Roof / TechCrunch:
Spotify closes at $149.60 on its first day, down ~10% from opening but still far above private market price of ~$132, giving the company a market cap of ~$26.5B — Spotify is done with its long-awaited “direct listing” experiment. The music streaming company went public without the IPO.
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Peter Kafka / Recode:
Spotify, which posted operating loss of $461M in 2017, thinks its reliance on labels will ease; sources: hope is more artists will work directly with Spotify — The streaming music company wants to get more music — and more profitable music — from the little guys.
Discussion:
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Wall Street Journal:
Sources: WPP board is looking into allegations of misuse of company assets and improper personal behavior by Chief Executive Martin Sorrell — Questions come as advertising giant is facing cost-cutting pressures from clients and stepped-up competition from Google, Facebook
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Alex Stamos / Facebook Newsroom:
Facebook deletes 70 FB accounts, 138 FB Pages, and 65 Instagram accounts run by Russia's Internet Research Agency this morning, shares samples of IRA content — This morning we removed 70 Facebook and 65 Instagram accounts — as well as 138 Facebook Pages — that were controlled by the Russia-based Internet Research Agency (IRA).
Sarah Frier / Bloomberg:
Internal Facebook white paper says Trump campaign spent $44M on FB ads while Clinton team spent $28M from June-November 2016; Trump team ran 5.9M ad versions — The president's ad campaign was 'more complex than Clinton's' — Trump focused on new donors; Clinton on ensuring broad appeal
Discussion:
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Bloomberg:
Review of Sinclair employment contracts shows some employees cannot resign from firm without incurring a penalty equivalent to 40% of their annual compensation — Noncompetes, forced arbitration and a liquidated damages clause can equal 40 percent of annual salary. — , and
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Olivia Nuzzi / New York Magazine:
David Smith, the executive chairman of Sinclair Broadcast Group, said print media has no credibility and no relevance
David Smith, the executive chairman of Sinclair Broadcast Group, said print media has no credibility and no relevance
Discussion:
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Keach Hagey / Wall Street Journal:
Sumner Redstone will not have final say on potential CBS-Viacom merger as he has only one vote on National Amusements, the holding company owning voting stakes — The 94-year-old media mogul would be one vote among seven National Amusements board members — Sumner Redstone …
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Facebook Newsroom:
Facebook is rolling out an “About this article” button in the US, showing where an article's been shared, the publisher's Wikipedia entry, and related stories — Last year we started a test in the US to give people more background information about the publishers and articles they see in News Feed.
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Jeremy Barr / Hollywood Reporter:
Fox News President Jack Abernethy releases statement in support of Laura Ingraham, says network will not be “censored by agenda-driven intimidation efforts” — The cable news outlet's co-president Jack Abernethy said the network won't be “censored by agenda-driven intimidation efforts.”
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Mark Sweney / The Guardian:
Disney has expressed an interest in acquiring Sky News, whether or not its acquisition of 21st Century Fox proceeds, as UK regulator scrutinizes Fox's bid — Move aims to allay media plurality fears over 21st Century Fox's takeover of British broadcaster
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Georg Szalai / Hollywood Reporter:
21st Century Fox proposes to sell Sky News to Disney or establish it as a separate entity with a 15-year funding guarantee to seal the deal with UK regulators
21st Century Fox proposes to sell Sky News to Disney or establish it as a separate entity with a 15-year funding guarantee to seal the deal with UK regulators
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