Mediagazer: CBS News promotes Chief White House Correspondent Major Garrett to Chief Washington Correspondent (Cynthia Littleton/Variety)

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Peter Kafka / Recode:

Verizon's declining focus on media has been apparent for a while, signaled by the departure of executives who bought AOL and Yahoo and combined them into Oath — And Verizon investors seem fine with that. — It was easy to predict that Verizon would end up regretting the $10 billion or so that it had invested in AOL and Yahoo.

Discussion: Techdirt, @digiphile, Variety, CNN, @rafat, @johnlegere, @karaswisher, Fast Company, @yobigbrotha, @johnlegere and @reckless

Scott Moritz / Bloomberg:
Verizon has slashed the value of its AOL and Yahoo acquisition by $4.6B, says a tough ad market has led to a shortfall in revenue and profit

Discussion: @tomgara, @andykessler, @matthewstoller, @matthewstoller, @originalspin, @markyusko, @pkafka, @pkafka and Boing Boing, more at Techmeme »

Nathaniel Popper / New York Times:

CBS News settles lawsuit with three women who accused Charlie Rose of sexual harassment, but legal proceedings against Rose continue — CBS News reached a legal settlement with three women who accused the network of not doing enough to stop one of its anchors, Charlie Rose, from sexually harassing them.

Discussion: Los Angeles Times, Newser, Business Insider, Washington Post, New York Daily News, CBS News, The Daily Beast, Media Star and TV Tattle

Sarah Perez / TechCrunch:

NPR announces RAD, an open source podcast analytics technology that aims to collect better listening metrics while respecting user privacy — Internet users are already being tracked to death, with ads that follow us around, search histories that are collected and stored …

Discussion: NPR, RAIN News and Current

Gerry Smith / Bloomberg:

Sources: Apple plans to relaunch Texture as an “all-you-can-eat” news subscription service, built into Apple News, as soon as spring 2019; publishers are wary — - Texture is set to evolve into Apple News subscription feature — Media executives remain wary of Apple's latest media foray

Discussion: MacRumors, @gerryfsmith and 9to5Mac

Eliza Brooke / Vox:

How recommendation sites like the Strategist and Wirecutter maintain readers' trust while earning revenue through affiliate links — Sites like the Strategist, Wirecutter, and BuzzFeed Reviews want to help you find the best of the best. … Say you want to buy a travel mug.

Discussion: @eleanorbarkhorn, @nishachittal, @eliza_pb, @cortgatliff, @kaitwells, @cathyerway, @korrenabailie, @columbiajourn and @myurow

Cynthia Littleton / Variety:

CBS News promotes Chief White House Correspondent Major Garrett to Chief Washington Correspondent — CBS News has promoted Major Garrett to the post of Chief Washington Correspondent. — A veteran journo, Garrett has served as Chief White House Correspondent since joining CBS News in 2012.

Discussion: TVNewser, Broadcasting & Cable and @ldserio

Rochelle Toplensky / Financial Times:

EU antitrust officials launch probe into Vodafone's acquisition of Liberty Global's cable assets in the Czech Republic, Germany, Hungary, and Romania — EU antitrust officials have launched an in-depth probe into Vodafone's €18.4bn purchase of Liberty Global's cable assets in the Czech Republic, Germany, Hungary and Romania.

Josh Eidelson / Bloomberg:

Writers and editors at Slate vote 52-1 in favor of strike action, as they demand better diversity policies and removal of “right-to-work” clause — - Outlet's editorial staff authorize walkout by 52 to 1 vote — Company's “right-to-work” stance riles its employees

Discussion: BuzzFeed News, @alyssabereznak, @slateunion, @jhweissmann, @slateunion, @slateunion, @jeremymbarr, @mattdpearce, @bigmeaninternet, @sarahljaffe, @pemalevy, @natemcdermott, @josheidelson, @josheidelson, @charlottegarden, @josheidelson, The Wrap and Washington Examiner

Cara Buckley / New York Times:

A study sponsored by Creative Artists Agency and shift7 shows the top movies from 2014 to 2017 starring women earned more than movies led by men — “Trolls.” “Teenage Mutant Ninja Turtles.” “Moana.” “Inside Out.” “Wonder Woman.” All were global box-office hits that had women in leading roles.

Discussion: Variety, @mi55tipper, @alinebmckenna, @kristenmeinzer, @timesupnow, @melsil, Slate, Vanity Fair, Deadline, FOX 4 Kansas City WDAF-TV, The Wrap, Mashable and IndieWire

ProPublica:

ProPublica names the 14 newsrooms and journalists who will participate in the second year of the Local Reporting Network, including NOLA.com and WNYC — ProPublica named 14 newsrooms and local reporters on Wednesday who will participate in the second year of the ProPublica Local Reporting Network …

Discussion: @connorasheets, @reckonalabama, @joey_cranney, @jimschachter, @wendi_c_thomas, @eisingerj and @connorasheets

Reuters:

China-based Tencent Music raises ~$1.1B in US IPO, valuing the company at $21.3B, after pricing its shares at the bottom of its targeted range — NEW YORK/HONG KONG (Reuters) - China-based music streaming company Tencent Music Entertainment Group TME.N said it raised close to $1.1 billion …

Discussion: Wall Street Journal, Bloomberg, Fortune, The Drum and Business Insider, more at Techmeme »

Linley Sanders / Teen Vogue:

Profiles of nonprofit news outlets Borderzine, Flint Beat, and The Colorado Independent, run by young women reporting local news that reflects their experiences — When Irais Urias reads headlines about the Mexican border, they don't often match her experience as a young Latinx woman who lives …