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4:40 PM ET, June 1, 2018

Mediagazer

 Top News: 
Barbara Ortutay / Associated Press:
Facebook to shut down Trending and is testing new features like a breaking news label for publishers, a Today In section, and a News Video in Watch section  —  NEW YORK (AP) — Facebook is shutting down its ill-fated “trending” news section after four years, a company executive told The Associated Press.
Russell Brandom / The Verge:
Facebook's new promoted content rules block some ads from Vice, Newsmax, others, classifying ads as political and requiring advertiser verification via mail  —  'Everything we've tried to do in the past couple days has just been shut down,' says one publisher
RELATED:
Dan Rys / Billboard:
Spotify updates its hateful content and conduct policy, says it will no longer use the provision that led to removal of R. Kelly and XXXTentacion from playlists  —  Three weeks after Spotify announced a new policy regarding hate content and hateful conduct on its service …
Tom Kludt / CNNMoney:
Joy Reid apologizes for old posts on the blog she started in 2005: “I'm sorry for the collateral damage and pain”  —  Problems piling up at NBC  —  After months of scrutiny and questions surrounding her now-shuttered blog, MSNBC Joy Reid offered an unconditional apology on Friday …
Rebecca Keegan / Vanity Fair:
Columnist Nikki Finke plans to return to the web, first by tweeting election commentary before launching a new politics focused website  —  The once feared Hollywood columnist is training her eye on politics.  —  Like many Democrats, Nikki Finke spent Election Night 2016 in an emotional fetal position.
Discussion: @jpodhoretz
Jason D. Rowley / Crunchbase News:
Wikia, co-founded by Jimmy Wales in 2004 and now best known for its Fandom platform, raises $106M in new equity funding, SEC filing shows  —  In the world of social media and community participation, wikis are a seemingly ideal way to build a knowledge base and share information.
Pete Vernon / Columbia Journalism Review:
Roseanne's comments received 16 times the coverage of a new study that estimates Hurricane Maria toll at ~4,654 deaths, a neglect symptomatic of systemic racism  —  For those who argue that the media has misplaced priorities when it comes to coverage choices, this week has provided a case study to support their position.
Steve Smith / Folio:
Magazines like The New Yorker and The Economist develop apps to give users a more curated experience, to increase retention without overwhelming the reader  —  As Apple's App Store turns 10-years-old next month, magazine publishers are still figuring out how best to capitalize on the platform they once saw as a potential savior.
 
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 More News: 
Chris York / HuffPost UK:
Chinese state-backed TV broadcaster, China Global Television Network, to launch a newsroom with up to 50 journalists in the UK for a full-scale news operation
Anthony D'Alessandro / Deadline:
Fandango and Comcast launch a new voice integration for Xfinity X1 users that lets them purchase tickets from their TV while watching a movie preview
Tim Mak / NPR:
Reporter Tim Mak posts audio of 2015 legal threats from Michael Cohen: “Tread very fucking lightly” and “I will take you for every penny you still don't have”
 Earlier Picks: 
Pew Research Center:
Pew Research study of US teen internet usage finds 85% say they use YouTube, 72% use Instagram, 69% use Snapchat, while only 51% say they use Facebook
 

 
From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

Bob Van Voris / Bloomberg:
US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions

 
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