Top News:
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 he dislikes and fundamentally distrusts the print media, which he believes “serves no real purpose.”
Discussion:
CNN, Business Insider, Salon, Washington Post, Hit & Run, Mediaite, Slate, Quill, Vox, The Wrap, @chanceseales, @mmehlsak, @kylegriffin1, @davidfolkenflik, New York Times, Fast Company, ABC News, Politico and Hollywood Reporter
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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
Discussion:
Business Insider, AOL, New York Times, Washington Post, Politico and @fox47madison
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:
Forbes, Slate, newsroom.spotify.com, TechCrunch, SlashGear, RAIN News, The Verge, Fortune and Mashable, more at Techmeme »
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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.
Discussion:
The Local, Crain's New York Business, VentureBeat, Forbes, Recode and @maureenmfarrell, more at Techmeme »
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 …
Discussion:
@tomgara, @keachhagey, CNBC, Slate, Broadcasting & Cable, Multichannel News, The Wrap, Reuters, FierceCable, @theferocity, @katie_martin_fx, @jdawsey1, @eorden, @sarahnassauer, @jswatz, MarketWatch, Los Angeles Times, CNBC and Deadline
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Gabriel Sherman / Vanity Fair:
Sources: Trump wants USPS to increase Amazon's shipping costs as advisers encourage the president to cancel Amazon's cloud computing contract with the Pentagon — With the West Wing finally calm, Trump is contemplating a multi-front campaign against Jeff Bezos.
Discussion:
CNBC, VentureBeat, CNNMoney, New York Magazine, Media Nation, Top Digital Journal News, WGBH News, Reuters, @coreypein, CBS San Francisco, TechCrunch, @gabrielsherman, @bradmossesq, Bloomberg, The Week, Business Insider, @kbeninato, @kumailn, @page88, @maggienyt, @renato_mariotti, @nickbilton, Mediaite, Dan Kennedy and @dangillmor, more at Techmeme »
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Sydney Ember / New York Times:
Washington Post's Martin Baron refutes Trump's claims that the Post acts as a lobbyist for Amazon as Trump conflates the two, which have different leadership — Amazon does not own The Washington Post. President Trump, however — impervious to certain facts and armed with a Twitter account …
Discussion:
Bloomberg, CNNMoney, Reporters Without Borders, The Week, Mediaite, Sally Jenkins, Gene Park, @dangillmor, bookforum.com, Deadline, @nytimesbusiness, Variety, @dealbook, @wesleylowery, @jdawsey1, @fbihop and @melbournecoal
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.”
Discussion:
Los Angeles Times, Ad Age, Bill O'Reilly, The Wrap, Washington Post, TheBlaze, TVNewser and Mediaite
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).
Discussion:
TechCrunch, Fast Company, Mark Zuckerberg, CNET, Engadget, @alexstamos, @facebook and @dseetharaman, more at Techmeme »
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
Discussion:
Bloomberg, Independent.ie, Variety, BBC, Financial Times, Sky News, Reuters and Editor & Publisher
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 — By Taylor Hughes, Software Engineer; Jeff Smith, Product Designer; and Alex Leavitt, UX Researcher
Discussion:
TechCrunch, The Verge, Wall Street Journal, Fast Company, Business Insider, @jowens510, 9to5Mac and Engadget, more at Techmeme »
Dan Rys / Billboard:
Amazon Music says it now has “tens of millions” of paid subscribers, with Amazon Music Unlimited subscriptions doubling in the past six months — Amazon Music tells Billboard it has “tens of millions” of paid customers, with Amazon Music Unlimited subscriptions having more than doubled …
Discussion:
Engadget, NPR, hypebot, @joaquinmencia and RAIN News, more at Techmeme »
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