Mediagazer: In Ireland, Facebook rolls out a new tool that gives users more information about creators of sponsored posts and political ads ahead of abortion referendum (CNNMoney)

12:15 PM ET, April 19, 2018

Top News:

Josh Gerstein / Politico:

Michael Cohen drops libel lawsuits against BuzzFeed and Fusion GPS over publication of Steele dossier, which alleges he met with Russian operatives for Trump — Embattled attorney Michael Cohen has dropped a pair of much-touted libel suits against BuzzFeed and the private investigation firm Fusion GPS …

Discussion: The Guardian, The Wrap, New York Post, Mediaite, The Daily Caller, NBC News, Law & Crime, @drdenagrayson, Above the Law, @mattmittenthal, The Daily Beast, Axios, The Week and Washington Post

Jim Rutenberg / New York Times:

Model Karen McDougal settles lawsuit against American Media, giving her right to discuss alleged affair with Trump and allowing AMI to avoid pretrial discovery — The tabloid news company American Media Inc. agreed to let a former Playboy model out of a contract that had kept her from talking freely …

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David Ingram / Reuters:

Facebook says it will change ToS in May for 1.5B users outside EU; US, Canada to be governed by US instead of Ireland ToS, limiting GDPR impact to 400M users — SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow …

Discussion: TechCrunch, Mashable, East Bay Times, Vanity Fair, VICE News, @david_ingram, CNBC, Engadget, @mikarv, Gizmodo, The Hill, @markfollman, @profcarroll, @swiftonsecurity and @profcarroll, more at Techmeme »

Facebook:
Ahead of GDPR, Facebook debuts enhanced privacy controls for all users globally, starting in EU, with more choices about ads, allowing face recognition, more

Jaclyn Peiser / New York Times:

Harper's Magazine Editor James Marcus says he was fired after a story by Katie Roiphe was assigned over his objections; he says he refused severance tied to NDA — James Marcus wants the world to know that he was fired from his job as the editor of Harper's Magazine.

Ryan Faughnder / Los Angeles Times:

Sources: Netflix has considered buying movie theaters in New York and Los Angeles, including Landmark Theatres, but the price was too high — Netflix, the global streaming giant that has dramatically changed the TV industry and clashed with movie theater owners, may be ready to move onto …

Discussion: @latimes, IndieWire, @andredoesthings, @scott_tobias and UPROXX

David Sims / The Atlantic: The standoff between Netflix and the Cannes Film Festival reflects disagreement that will be hard to resolve over the importance of theatrical movie experiences

Matthew Garrahan / Financial Times:
Sources: Netflix plans to spend ~$1B on original productions in Europe this year, more than double what it spent last year, across multiple languages

more at Techmeme »

CNNMoney:

In Ireland, Facebook rolls out a new tool that gives users more information about creators of sponsored posts and political ads ahead of abortion referendum — Zuckerberg wants you to remember Facebook started in his dorm — Facebook says it has learned the lessons of Russian meddling in the 2016 election.

Discussion: The Irish Times and BBC

Sara Jerde / Adweek:

HelloGiggles, bought by Time Inc. in 2015 and now part of Meredith, launches a print version, with a 500K-copy initial run sent to People subscribers age 18-39 — The millennial-focused website launched in 2011 — Readers of HelloGiggles can hold the website's content in their hands …

Discussion: Folio, @ginainterrupted and @hellogiggles

Ashley Gurbal Kritzer / Tampa Bay Business Journal:

The Tampa Bay Times is cutting about 50 jobs across departments; spokeswoman says the cuts are a direct response to rising costs from newsprint tariffs — The Tampa Bay Times is cutting “approximately” 50 jobs after new tariffs sent the price of newsprint skyrocketing.

Discussion: @davidsirota, @kristenorsborn, HuffPost, @kirbywtweets and @journo_christal

Joe Pompeo / Vanity Fair:

Source: Meredith rejected a $300M+ offer for Time, Fortune, Money, SI from AMI; interest in the outlets is from wealthy individuals with non-media backgrounds — Meredith is entertaining offers for Time Inc.'s old crown jewels, to be sold together or separately—but Donald Trump's favorite publisher is not in the running.

Wall Street Journal:

Regulatory filing confirms 21st Century Fox rejected Comcast offer largely due to antitrust risks, even though bid was 16% higher per share than Disney's offer — Fox agreed instead to sell entertainment assets to Disney in $52 billion deal — 21st Century Fox Inc. FOX -.73% rejected …

Discussion: @shalini, New York Times, @pkafka and @shalini

CNNMoney:

Time Warner CEO Jeff Bewkes testifies in antitrust trial that his company needs to merge with AT&T to better compete for ads with Google, Facebook, and Amazon — Why the AT&T-Time Warner trial matters — Time Warner CEO Jeff Bewkes made the case for his company to be acquired by AT&T …

Discussion: Multichannel News, Variety, CNBC, Bloomberg, Reuters, @hadas_gold, Axios and @hadas_gold

Sarah Perez / TechCrunch:

Sports-focused streaming service fuboTV raises $75M Series D with AMC Networks as a new investor and 21st Century Fox, Sky, and more participating — Days after Disney-owned ESPN launched its new streaming service, ESPN+, a three-year old streaming TV service for sports fans, fuboTV …

Discussion: Recode, MediaPost, Variety, Variety, Bloomberg and Multichannel News

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Charlie Warzel / BuzzFeed:
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Discussion: bookforum.com

From Techmeme:

Financial Times:
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