Top News:
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.
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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
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
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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.
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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 …
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
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.
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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
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.
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.
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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.
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Broadcasting & Cable
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 …
Edward Felsenthal / Time:
Time Magazine awards its Person of the Year honor to Jamal Khashoggi, Rappler CEO Maria Ressa, imprisoned Reuters journalists, and Capital Gazette staff — On the outskirts of Yangon, Myanmar's largest city, two young reporters sit in a prison said to be “the darkest hellhole in Burma.”
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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 …
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