Mediagazer: 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 (Financial Times)

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, @nategeraci, The Week, ZDNet, The Verge, New York Times, The Information, TechCrunch, @sarthakgh, @minimaxir, Bloomberg, Financial Times, Axios, @hshaban, @alexrkonrad, CoinDesk, The Wrap, Insider and New York Post, more at Techmeme »

Colby Hall / Mediaite:

Fox News signs CEO Suzanne Scott to a multi-year agreement, extending her contract — Fox News Media has announced that CEO Suzanne Scott has signed to a multi-year agreement with Fox Corporation in a sign of support for the Fox News head. — Executive Chairman and Chief Executive Officer …

Discussion: The Wrap, Variety, @davidfolkenflik and @dylanbyers

PR Newswire:

Fox reports net Q2 income of $230M, down from $314M a year ago, on revenue of $4.09B, up 8% YoY; ad revenue increased 14% YoY — REVENUES OF $4.09 BILLION, AN INCREASE OF 8% AND ADJUSTED EBITDA OF $305 MILLION, AN INCREASE OF 17% — Fox Corporation (Nasdaq: FOXA, FOX) ("FOX" or the …

Discussion: @taralach

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: Wall Street Journal, Fox News Channel Press, Hollywood Reporter, @dylanbyers, NPR, New York Times, Axios, The Wrap, TVNewser and FTVLive

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, @rasmus_kleis, CNBC, @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

Josh Gerstein / Politico:

DOJ drops lawsuit seeking to confiscate proceeds from a tell-all book published by a former Melania Trump aide — The Biden administration nixes the controversial case against Stephanie Winston Wolkoff. — photo, Stephanie Winston Wolkoff leaves Trump Tower in New York. Andrew Harnik, File/AP

Discussion: Insider, The Week and Mediaite

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

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, Law360, Los Angeles Business Journal, 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 »