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4:25 PM ET, November 25, 2014


 Top News: 
First Look Media:
The team Matt Taibbi hired at First Look Media is being let go  —  Update  —  Since Matt Taibbi's departure, we've been working with the team he hired to consider various options for launching a project without him.  After multiple explorations, we've decided not to pursue the project.
Jeremy Barr / Capital New York:
First Look Media ends ‘Racket’ project, fires staff
Joe Pompeo / Capital New York:
NYT editor Dean Baquet's newsroom memo on the hiring of Kinsey Wilson  —  Times firms up digital leadership with Kinsey Wilson  —  The New York Times has scooped up an NPR refugee to lead digital transformation in its newsroom.  —  Kinsey Wilson, the chief content officer ousted from NPR last month …
New York Times Company:
New York Times names former senior NPR exec Kinsey Wilson as editor, innovation and strategy  —  The New York Times Names Kinsey Wilson Editor for Innovation and Strategy  —  NEW YORK—(BUSINESS WIRE)— The New York Times announced today that Kinsey Wilson will become Editor for Innovation and Strategy …
Alex Weprin / Capital New York:
BuzzFeed passes $100M in revenue for 2014, promises staff Apple Watches if traffic goals hit  —  Buzzfeed passes $100 M. in revenue for 2014  —  Buzzfeed hit $100 million in revenue for 2014 “earlier this year,” according to an email sent by C.E.O. Jonah Peretti to staff at the company.
Ryan Lawler / TechCrunch:
Flipboard Adds The Wall Street Journal To Its News Discovery Apps  —  Flipboard has spent the last several years tying to convince publishers the value of having their content show up in its apps.  Today the Wall Street Journal, one of the last major holdouts in the U.S., will allow Flipboard users to view its news stories there.
Discussion: MediaPost and Talking Biz News
James Bradshaw / Canadian Press:
Former radio host Jian Ghomeshi withdraws $55-million lawsuit against CBC  —  The CBC says former radio host Jian Ghomeshi has withdrawn a $55-million lawsuit against the public broadcaster.  —  CBC spokesman Chuck Thompson says “the civil suit has been dismissed with costs in favour of CBC.”
Sarah Perez / TechCrunch:
Tumblr Rolls Out Mobile App Install Ads In The Form Of Shareable Sponsored Posts  —  Tumblr this morning is rolling a new mobile-only ad unit called “Tumblr Sponsored Apps” which will allow app publishers to target the social blogging service's largely Millennial (and heavily mobile) …
Discussion: @mb
Dominic Ponsford / Press Gazette:
Mobile phone records of 1,700 News UK staff supplied to Met Police after Vodafone blunder  —  The Metropolitan Police has been supplied with the phone records of some 1,700 News UK employees after a mistake by Vodafone.  —  Staff have been told that the records relate to staff using company mobile phones between 2005 and 2007.
Discussion: @tomjharper, @domponsford and The Times
Edward Wyatt / New York Times:
Bidding in Government Auction of Airwaves Reaches $34 Billion  —  WASHINGTON — A government auction of airwaves for use in mobile broadband has blown through presale estimates, becoming the biggest auction in the Federal Communications Commission's history and signaling that wireless companies expect demand …
Dominic Ponsford / Press Gazette:
Sir Ray Tindle launches four new local newspapers for London reviving three centuries-old titles  —  Tindle Newsapers today announced the launch four new newspapers for London.  —  The move comes just weeks after Trinity Mirror killed off seven newspapers in the South East of England including …
Discussion: Guardian, HoldTheFrontPage and Guardian
Stuart Dredge / Guardian:
Spotify's 2013 revenues close to $1B, 91% of revenue coming from subscriptions  —  Spotify revenues grew sharply in 2013, but operating losses also rose  —  Streaming music service's turnover up 74% to €746.9m, with 91% coming from its paying subscribers rather than ads
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 More News: 
Abigail Edge /
Former AP social media and UGC editor Fergus Bell joins verification startup SAM
Jeremy Barr / Capital New York:
Former Gawker Editor AJ Daulerio launches Ratter, a network local tabloid network, on Gawker's Kinja platform
Paul Carsten / Reuters:
China's Tencent partners with HBO for TV show streaming
 Earlier Picks: 
Rachel Zarrell / BuzzFeed:
Comedians launch parody of This American Life's successful podcast Serial
Discussion: New York Times
Glenn Peoples / Billboard:
Amazon Prime Music Debuts First Exclusive Content
Discussion: Paste
Associated Press:
News Corp buys 25% stake in parent company of India's real estate site PropTiger for $30M
Mark Di Stefano / BuzzFeed:
Australia's ABC cutting 400 jobs by using skills audits of journalists in competitive pools
Dave Winer / Scripting News:
News organizations can rebuild by working with Facebook and Twitter, while creating their own distribution systems