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7:50 AM ET, February 5, 2021

Mediagazer

 Top News: 
New York Times:
Election tech company Smartmatic files $2.7B defamation lawsuit against the Fox Corporation, Fox News, and hosts Lou Dobbs, Maria Bartiromo, and Jeanine Pirro  —  Smartmatic accused Rupert Murdoch's network of promoting a false narrative about the 2020 election that damaged the company.
Kate Beddoe / The Keyword:
Google rolls out an initial version of Google News Showcase in Australia, with participation by and financial support for The Canberra Times, Crikey, and others  —  With the news moving faster than ever, it's clear that journalism is an essential way to keep people informed.
News Corp:
News Corp reported Q2 net income of $261M on revenue of $2.41B; WSJ subs were up 19% YoY to 3.22M, and NY Post reported its first profit in modern times  —  FISCAL 2021 SECOND QUARTER KEY FINANCIAL HIGHLIGHTS  • Revenues were $2.41 billion, a 3% decline compared to $2.48 billion in the prior year …
Josh Eidelson / Bloomberg:
In NLRB filings, WGAE says G/O Media management broke law by telling staff it fired Gizmodo's Alex Cranz to retaliate for her discussion of working conditions  —  Online publisher G/O Media Inc. told employees of its tech-news website Gizmodo that it fired a co-worker because of her union activism …
Andrew Marantz / New Yorker:
The case of John Sullivan, who's participated in and recorded riots, including the Capitol assault, raises questions on how to delineate journalists from others  —  John Sullivan claims that he was at the Capitol insurrection as a neutral journalist.  Others say he was a riot chaser who urged the mob to “burn this shit down.”
Salvador Rodriguez / CNBC:
Snap beats with Q4 revenue of $911M, up 62% YoY, vs $857.4M est., DAUs were up 22% YoY to 265M; stock down 7%+ after hours on weak Q1 forecast  —  - Snap's stock fell in after-hours trading on Thursday after the company reported its fourth-quarter earnings despite beating Wall Street's expectations on earnings, revenue and user growth.
Zack Budryk / The Hill:
Toronto Star and other Torstar-owned papers left front pages blank Thursday as they launched a campaign for new laws regulating Google and Facebook  —  The Toronto Star left its front page blank Thursday to call for further regulation of tech giants such as Google and Facebook, saying they have too much control over news content.
Hamish McKenzie / Substack Blog:
Substack co-founder says Facebook and Twitter getting into paid newsletters is a positive thing for writers and the media ecosystem, implores them to go all in  —  When Twitter announced that it had acquired the email newsletter provider Revue to create a Substack competitor, I tweeted a smartass response:
New York Times:
CNN President Jeff Zucker says he expects to leave at the end of 2021, when his contract ends  —  The executive shaped the look and feel of CNN since coming aboard in 2013.  The network hit record ratings in recent months, during which Mr. Zucker had tensions with his newly installed boss.
Julie Hart / American Press Institute:
New Hampshire's the Laconia Daily Sun is training its letter writers in conflict mediation skills to help reduce animosity in opinion page submissions  —  Editor's Note: The American Press Institute is exploring how news organizations are reimagining opinion journalism to support constructive conversations in their communities.
 
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 More News: 
Felix Salmon / Axios:
Katherine Maher, the Wikimedia Foundation's CEO, will step down as of April 15; the foundation's board has created a search committee to find her successor
Meg James / Los Angeles Times:
TV mogul Byron Allen and Charter Communications settle a lawsuit in which Allen claimed racism motivated Charter to refuse to distribute his small TV channels
Discussion: TheGrio, PR Newswire and Deadline
Sarah Scire / Nieman Lab:
NYT is working on a subscription product for Wirecutter, a standalone product for audio app Audm, and says podcasts generated $36M in 2020, up from $29M in 2019
 Earlier Picks: 
Eric J. Savitz / Barron's Online:
IAC Q4: Vimeo earnings of $1.5M, revenue of $83.8M, up 54% YoY, subscribers up 24% to 1.5M; Dotdash earnings of $30.9M, up 81% YoY, revenue of $74M, up 33% YoY
NPR:
NPR debuts the Station Investigations Team, part of its Collaborative Journalism Network; it will work with member stations to report investigative projects
Meredith Corporation:
Meredith Q2: earnings of $148.5M on revenue of $901.5M, up 11% YoY; licensing revenue up 34% YoY, partly driven by Apple News+; digital ad revenue up 22% YoY
Pranav Dixit / BuzzFeed News:
India's IT ministry orders Twitter to block the recently restored accounts of critics and The Caravan magazine, threatens Twitter staff with jail time or fines
 

 
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

Cheng Ting-Fang / Nikkei Asia:
TSMC unveils a new chip manufacturing technology called A16, and says the company plans to start producing its ultra-advanced 1.6nm chips by 2026

Ben Glickman / Wall Street Journal:
The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a “megafab” in New York and Idaho over the next 20 years

 
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