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2:55 PM ET, February 9, 2021

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 Top News: 
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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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
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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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.
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 …
Anthony D'Alessandro / Deadline:
Disney is closing Blue Sky Studios, the former 20th Century Fox animation division known for the Ice Age franchise, affecting about 450 employees  —  EXCLUSIVE: Disney is shuttering Blue Sky Studios, the $5.9 billion global grossing former 20th Century Fox animation division which during …
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
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 …
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 …
Chris Velazco / Engadget:
Spotify confirms it is testing its live lyrics feature in the US  —  Do you miss all the time you used to spend crammed in tiny karaoke rooms, belting out showtunes until three in the morning?  So do we, but Spotify might have something that will help with your impromptu singalongs.
Discussion: TechCrunch, MacRumors, @viticci and 9to5Mac
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
 
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 More News: 
Paul Farhi / Washington Post:
As conservative talk radio superstar Rush Limbaugh fights lung cancer, his industry faces aging and shrinking audiences, competition from new tech, and more
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
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