Top News:
Chicago Tribune:
Michael Ferro sells stake in Chicago Tribune parent Tronc to McCormick Media for $208.6 million — Michael Ferro, who resigned last month as chairman of Chicago-based newspaper chain Tronc, has struck a deal to sell his entire stake in the company, according to a filing late Friday with the Securities and Exchange Commission.
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New York Times:
Profile: new owner of Los Angeles Times, biotech mogul Patrick Soon-Shiong, who plans to move LAT to suburbs, and pursued Dean Baquet and Marty Baron for EIC — LOS ANGELES — As a son of Chinese immigrants growing up in apartheid South Africa, Patrick Soon-Shiong spent his afternoons racing through …
Lisa Richwine / Reuters:
Comcast plans to include Netflix with its TV bundles starting this month and gives no details about pricing; it will handle Netflix billing for customers — LOS ANGELES (Reuters) - Comcast Corp (CMCSA.O), the leading U.S. cable television provider, will offer new video packages …
Mark Gurman / Bloomberg:
Apple staff memo says it caught 29 leakers, including staff, contractors, and suppliers, in 2017, 12 arrested; memo implies possible legal action for leaks — Company memo says it found 29 ‘leakers’ last year, 12 arrested — CEO Tim Cook pledged to ‘double down’ on secrecy in 2012
Tess Owen / VICE News:
Facebook removes pages linked to white nationalist Richard Spencer and The Nationalist Initiative's page; all pages are linked to “hate groups” by the SPLC — Two Facebook pages associated with white nationalist Richard Spencer have been kicked off the platform.
Discussion:
The Hill, @jason_koebler, BuzzFeed, Complex, The Daily Dot, The Root, Engadget, @lydiacowling95, @thedemcoalition, @misstessowen, New York Magazine and BuzzFeed, more at Techmeme »
Rob Haskell / Vogue:
Disney CEO Bob Iger talks about digital disruption from Silicon Valley, his decision not to run for president in 2020, and Black Panther — Disney's plan to acquire 21st Century Fox is about keeping up with a rapidly changing world. “The status quo, to me, is a joke,” says Iger, photographed at home in Los Angeles.
Discussion:
Politico, Chicago Sun-Times, Wall Street Journal, The Daily Caller, Deadline, Variety and Business Insider
Tom Dotan / The Information:
Univision laid off another 150 people on Thursday across the company, including at Fusion Media Group — The cutting at Univision continues. The company laid off more than 150 people on Thursday, across the company, including at the beleaguered Fusion Media Group.
Discussion:
Variety, New York Post and The Wrap
Manish Singh / The Outline:
Sources: secure messaging app Telegram is being used to distribute pirated movies, TV, music, apps, and even stolen credentials for online services like Netflix — Law-abiding citizens: Please do NOT download. Thank you. — Since its launch in 2013, the instant messaging platform Telegram …
Discussion:
Reuters, @refsrc, @caseyjohnston, BBC, Business Insider, Associated Press and 9to5Mac, more at Techmeme »
Berkeleyside:
Berkeleyside, a local news site in Berkeley, CA, completes its direct public offering and raises $1M, the first news site in the country to do so — Berkeleyside announced today that it has raised $1 million in capital from 355 of its readers, making it the first news site in the country to do a successful Direct Public Offering.
Discussion:
@may_gun, @frannydink, @tktaylor, Poynter and The Lenfest Institute …
Madison Malone Kircher / New York Magazine:
Sources: Snapchat redesign has led to metrics volatility for Discover publishers; Snap has invited publishers to daylong summits for discussion — When Snapchat first rolled out its redesigned app to a select group in January — users in Australia, Canada, and the United Kingdom — it was met with an immediate backlash.
Bloomberg:
Les Moonves's contract stipulates a ~$187M payout if he's dismissed or demoted and chooses to leave though NAI says it wants him to lead the combined company — CEO would stand to collect large payout if dismissed — Controlling shareholder can change board and management
Discussion:
Deadline
Brenda Goh / Reuters:
Chinese microblogging platform Weibo says it will remove gay and violent content during a 3-month cleanup campaign to comply with China's new cybersecurity law — SHANGHAI (Reuters) - China's Sina Weibo will remove gay and violent content, including pictures, cartoons and text posts …
Discussion:
What's on Weibo and globaltimes.cn
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