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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 …
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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 …
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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 …
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@alexweprin, @dylanbyers and @taralach
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 …
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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.
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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 …
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Insider, @superglaze, Fortune, @rasmus_kleis, CNBC, @lanceulanoff, @jason_kint and @martinsignoux, more at Techmeme »
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 …
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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.
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
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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.
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 …
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 …
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