Top News:
Sarah E. Needleman / Wall Street Journal:
Reddit has raised a Series E of over $250M led by Vy Capital at a $6B valuation, doubling in value since its last funding round in February 2019 — Its WallStreetBets community played a prominent role in recent stock-trading frenzy — Reddit Inc. doubled its valuation to $6 billion …
Discussion:
CNBC, Upvoted, Ad Age, Insider, ZDNet, The Week, @nategeraci, The Verge, New York Times, The Information, TechCrunch, @sarthakgh, @minimaxir, CoinDesk, Bloomberg, Financial Times, Axios, @hshaban, @alexrkonrad, The Wrap, Insider and New York Post, more at Techmeme »
Reuters:
Fox News files motion to dismiss Smartmatic suit, saying it can't be held liable for “fairly reporting and commenting on competing allegations” — (Reuters) - Rupert Murdoch's Fox News Media said on Monday it filed a motion to dismiss electronic voting systems maker Smartmatic's lawsuit …
Discussion:
Fox News Channel Press, Hollywood Reporter, NPR, New York Times, Axios, FTVLive, The Wrap and TVNewser
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Alexis Benveniste / CNN:
Fox News canceling Lou Dobbs is reminiscent of the way Murdoch handled phone-hacking scandals in UK: throw somebody over the side and see if that was enough — New York (CNN Business)Fox News' official reason for canceling Lou Dobbs' show — a post-election programing adjustment — doesn't quite add up.
Discussion:
@cnnbusiness, @apbenven, Vanity Fair, @mollyjongfast, @jeremymbarr and @cnn
Financial Times:
EU lawmakers are considering regulations that would force Facebook and Google to pay for news content on their platforms, echoing a similar move in Australia — Move by MEPs would strengthen hand of publishers against Google and Facebook — EU lawmakers overseeing new digital regulation …
Discussion:
Insider, Fortune, CNBC, @rasmus_kleis, @lanceulanoff, @jason_kint and @martinsignoux, more at Techmeme »
openDemocracy:
Editors of major UK papers, including Times, Guardian, and FT, sign a letter calling on UK to probe claims that a government FOI unit blacklisted journalists — Gove under pressure as Guardian, Times, Telegraph, FT, Mirror and others sign openDemocracy letter calling for investigation of controversial FOI ‘Clearing House’
Discussion:
Press Gazette, @opendemocracy and The Guardian
Chris Gilliard / OneZero:
If reporters believe that surveillance data shouldn't exist, then they should not use info from invasive data brokers to make that point, like NYT did recently — The New York Times fails in its attempt to report on the surveillance economy — This op-ed was co-authored by Albert Fox Cahn …
Discussion:
@medium, @froomkin, @cwarzel, @evanselinger, @dlberes, @p2173, @robinberjon, @bostonjoan and Memex 1.1, more at Techmeme »
Alex Sherman / CNBC:
While nearly every major media company has launched a streaming service, most have no news content and it remains unclear how such content fits into streaming — - Most streaming services don't include live news as part of their offering. — Live TV news may be better monetized …
Discussion:
@sherman4949, @eshap and @sherman4949
Cynthia Littleton / Variety:
WGA chief describes the union's fight with talent agencies, after WGA reached a deal with last holdout WME on Friday, ending over 18 months of costly litigation — WGA West president David Goodman knew taking on Hollywood's largest talent agencies would be an uphill battle from the start.
Discussion:
@glenmazzara, @rfaughnder, Los Angeles Business Journal, Law360, The Wrap and Deadline
Nikhilesh De / CoinDesk:
Documents show Binance dropped the defamation lawsuit against Forbes it filed in November 2020, but did not give a reason for the withdrawal — The exchange did not say in its latest filing why it withdrew the case for now. — Binance Holdings, the world's largest cryptocurrency exchange …
Discussion:
@coindesk and The Block, more at Techmeme »
Ashley Carman / The Verge:
Sources: Mark Cuban is co-founding Fireside, a podcast app where hosts can talk to fans live and monetize their conversations, with plans to launch this year — Fireside is launching this year — Mark Cuban is getting in on the audio and podcasting hype.
Discussion:
Podcast Movement, @chrismessina, @johnvoorhees, @happierman, @achangeoftune, @bijanstephen, @isaacklee, @abdallah_fayyad, @wilw_writes, @skyepillsbury, @vincenzolandino, @hshaban, @lpolgreen, @russbengtson, @oberandout, @producthunt, @mattyglesias, @yashar, @juliaschifini, @reckless, 9to5Mac and Insider, more at Techmeme »
Kurt Wagner / Bloomberg:
Sources: Twitter is building subscription products to ease its dependence on ads, including “tipping” for exclusive content and charging for TweetDeck — - Internal groups are researching options users might pay for — Social network says ‘revenue durability’ is now top priority
Discussion:
@profgalloway, @ajbrehm24, @darrenrovell, @profgalloway, @joelcifer, @neerajka, @samitsarkar, @joannastern, @kurtwagner8, @walldo, @martinsfp, @imbeccable, @mathewi, @ryanlawler, @tonyromm, @trengriffin, ScreenRant, @mattnavarra, @mattnavarra, @rafat, New York Post, Engadget, The Wrap, Gizmodo, TechCrunch, The Verge and 9to5Mac
Charlotte Tobitt / Press Gazette:
Murdoch's News UK TV will be streamed live and on-demand on multiple streaming platforms rather than over the airwaves when it launches in the spring — News UK has revealed it will launch a nightly entertainment show this spring after months of speculation about its plans to expand into TV.
Discussion:
Pod Culture and @pressgazette
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