Mediagazer: Internal memo: Bloomberg Media is expecting $100M+ in consumer subscription revenue in 2021, forecasting 400,000 subscribers, up from 250,000 in 2020 (Sara Fischer/Axios)

12:15 PM ET, February 9, 2021

Top News:

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, Hollywood Reporter, Law & Crime, @benmullin, Fox News Channel Press, MediaPost, @mmasnick, @mathewi, NPR, @brianstelter, @dylanbyers, TVNewser, Axios, The Wrap and FTVLive

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 Hill, Fox News, The Wrap, MediaPost, foxcorporation, Variety, The Wrap, Wall Street Journal, @jbflint, New York Times, @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: @alexweprin, @taralach and @dylanbyers

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

Discussion: @cnnbusiness, @apbenven, Vanity Fair, @mollyjongfast, @jeremymbarr and @cnn

Sarah E. Needleman / Wall Street Journal:

Reddit raises $250M+ Series E 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 in a new round …

Sara Fischer / Axios:

Internal memo: Bloomberg Media is expecting $100M+ in consumer subscription revenue in 2021, forecasting 400,000 subscribers, up from 250,000 in 2020 — Bloomberg Media is expecting to bring in at least $100 million in consumer subscription revenue in 2021, according to an internal memo sent to staff from CEO Justin Smith.

Discussion: Talking Biz News

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, @superglaze, CNBC, @lanceulanoff, @jason_kint and @martinsignoux, more at Techmeme »

Jason Gurwin / The Streamable:

CBS says it had an overall Super Bowl audience of 96.4M, down from 102.1M last year, and averaged 5.7M viewers per minute of the streaming broadcast, up 65% YoY — CBS announced today that Super Bowl LV between the Tampa Bay Buccaneers and the Kansas City Chiefs set a new streaming record.

Discussion: Variety, Mediaite, Deadline, MediaPost, Wall Street Journal, @ourand_sbj, Observer, Adweek, Axios, The Week, @ourand_sbj, @ourand_sbj, @dylanbyers and @themantz

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: @issielapowsky, @willoremus, @froomkin, @cwarzel, @medium, @evanselinger, @dlberes, @p2173, @robinberjon and @bostonjoan

Andrew Beaujon / Washingtonian:

Massachusetts-based online greeting cards company Punchbowl, Inc. has filed a trademark lawsuit against A.J. Press, which owns political startup Punchbowl News — A Massachusetts company says the Capitol Hill news startup doesn't have the right to the Punchbowl name.

Discussion: @niemanlab

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, @joshgerstein, Law & Crime, The Week and Mediaite

Sara Guaglione / Digiday:

Taboola's SPAC could enable the company to expand its business, via another merger attempt with Outbrain, making publishers even more reliant on its ad revenue — The overall hit that digital publishers' advertising businesses took in 2020 pushed some to take solace in the revenue they received …

DW.COM:

China will soon award all media accreditation based on social media history, causing some who reported on Wuhan to fear their credentials will be stripped — China will soon award media accreditation based on social media history. Journalists who uncovered the early truths about the coronavirus …

Discussion: The Times

Archived Page Info:

This is a snapshot of Mediagazer at 12:15 PM ET, February 9, 2021.

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Who's Hiring in Media?

Senior Data Journalist, NY — WSJ

Manager - Publishing Editorial, Manila — Reuters

Oil Reporter, Singapore — Bloomberg

Newsperson - State Govt. & Politics, CA — AP

Business Reporter, SC — Post & Courier

State Government Reporter, WA — Seattle Times

Climate Crisis Columnist — Prospect UK

Multimedia Journalist, CA — Paramount

Community Engagement Mgr., DC — Freedom Forum

Senior California Politics Reporter, CA — SFGATE

Staff Writer - Business, NY — WIRED

Team Editor - Opinion, ON — Toronto Star

Assistant Correspondent, DC — Kyodo News

Climate & Weather Reporter, MN — Star Tribune

Senior Tech Editor, Remote US — The Verge

Lead Business Reporter, TN — Daily Memphian

Managing Editor, WA — Everett Herald

Private Credit Reporter, NY — Debtwire

City Correspondent, London — Financial News

Legislative Reporter, CA — Sacramento Bee

Reporter, PA — Tribune-Review

Visual Editor, Remote — Rest of World

Staff Writer, MI — Watershed Voice

Senior Political Reporter, DC — The Lever

California Playbook Writer, CA — Politico

National Investigative Reporter, NY — HuffPost

Business & Gaming Reporter, NV — Las Vegas Sun

Coastal Climate Reporter, SC — Island Packet

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Alex Sherman / CNBC:
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openDemocracy:
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Earlier Picks:

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

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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

Jem Aswad / Variety:
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Financial Times:
China charges Cheng Lei, an Australian journalist who worked for a Chinese state TV channel, with leaking state secrets, six months after she was first detained

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From Techmeme:

Kent Walker / The Keyword:
Google says the DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers, and jeopardize the US' global tech leadership

Paige Smith / Bloomberg:
The CFPB will supervise tech companies with digital wallets, like Apple Pay, Google Pay, and Venmo, with 50M+ annual transactions, treating them more like banks

Brady Dale / Axios:
SEC chair Gary Gensler will step down on January 20; it has been traditional for SEC chairs to resign if the administration changes in the middle of their term

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