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9:45 AM ET, May 17, 2018

Mediagazer

 Top News: 
Peter Kafka / Recode:
YouTube to launch a paid version of YouTube Music next week, at $10/month; YouTube Red will be replaced by YouTube Premium, and it will cost extra  —  YouTube Music is launching Tuesday, and YouTube Red is going away.  It's being replaced by YouTube Premium, and it will cost extra.
Erik Wemple / Washington Post:
The New York Times admits it buried information about the FBI's investigation of the Trump campaign in a front-page story just before the 2016 election  —  The upside of the New York Times' aggressive coverage of the FBI investigation into Russian election meddling is that the American public …
RELATED:
Jon Brodkin / Ars Technica:
Senate narrowly votes to block Ajit Pai's repeal of net neutrality rules; the resolution next heads to the House, where it faces long odds  —  Senate defies “armies of lobbyists,” but House may help FCC kill net neutrality.  —  The US Senate today voted to reverse the Federal Communications …
Rael Ombuor / Voice of America:
Kenya passes broadly worded cybercrime law that criminalizes online bullying and “fake news” with potential penalty of two years in jail and/or up to $50K fine  —  Kenya has approved a controversial new cybercrimes law that threatens heavy penalties for people who abuse others via social media …
Discussion: Reuters, BusinessLIVE and Freedom House
Eriq Gardner / Hollywood Reporter:
Judge blocks Redstone's National Amusements from changing voting structure of CBS until a further court ruling can be made  —  Chancellor Andre Bouchard is temporarily granting CBS' request for a restraining order to protect jurisdiction and make sure nothing new happens.
RELATED:
Sara Fischer / Axios:
Pro-Trump media continues to spread across platforms, including broadcast radio and TV, cable, and new digital sites  —  Pro-Trump media is spreading across the U.S., disseminating Trumpian rhetoric about fake news and mainstream media bias through every medium.
Lucas Shaw / Bloomberg:
Former YouTube exec raises $50M for Next 10 Ventures to help creators with large followings on YouTube, Instagram, and Twitch make money  —  - Ben Grubbs has spent more than five years at video site  — The idea is to help YouTube stars make money off their fame
Alex Thompson / VICE News:
Facebook's new US ad buying rules block an estimated 11M undocumented immigrants as well as people in DACA from buying political ads  —  In an effort to prevent future foreign meddling in elections, Facebook has begun rolling out a fix: Anyone who wants to buy a political or issue ad …
Kevin Draper / New York Times:
The Supreme Court ruling opening the way for sports betting could be a major boost to the value of live televised sports, perhaps aiding regional networks first  —  The sports television industry is struggling.  There is an onslaught of competition from streaming services, video games, social networks and mobile phones.
Paul Sawers / VentureBeat:
YouTube will use Content ID data to display full music credits and link to the official videos of artists and songs  —  YouTube is to begin surfacing more song and artist information for videos that are hosted on the YouTube platform.  —  The Google-owned video-streaming giant has long offered …
 
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 More News: 
Brian Steinberg / Variety:
Turner execs says CNN will trim commercial spots from anchor Jake Tapper's shows, as it tests cutting back ads on overall programming for several seasons
Chris Roush / Talking Biz News:
Peter Kafka has been named executive editor of Recode, with Kara Swisher taking up the role of editor-at-large
Etan Vlessing / Hollywood Reporter:
AT&T CEO Randall Stephenson said pending Time Warner deal is about improving targeted advertising for premium video products
 Earlier Picks: 
Alexandra Stevenson / New York Times:
The Los Angeles Times suspends Jonathan Kaiman, its Beijing bureau chief, after accusations of sexual misconduct from two women, a journalist and a law student
Joseph Otterson / Variety:
Time Inc.'s TV production arm, Time Inc. Productions, has rebranded as Four M Studios and is partnering with Freeform to develop scripted movies
Discussion: MediaPost
Nick Statt / The Verge:
The new AI-powered Google News app is now available on iOS replacing the Google Play Newsstand app
Discussion: The Splice Newsroom and TechCrunch
 

 
From Techmeme:

George Steer / Financial Times:
Nvidia closed down 10% on Friday, falling the most since March 2020 and losing more than $200B of its market value, as investors pull back from AI bets

Foo Yun Chee / Reuters:
Sources: EU may accept Apple's proposal to open its NFC payments tech to rivals, and may close its antitrust probe in May, letting Apple avoid hefty fines

James Hunt / The Block:
Bitcoin's fourth halving is now complete, lowering miners' block subsidy rewards from 6.25 BTC to 3.125 BTC; the third halving was on May 2020

 
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