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3:15 PM ET, December 9, 2015


 Top News: 
Vindu Goel / New York Times:
Yahoo scraps Alibaba spinoff plan, will spin off core assets including stake in Yahoo Japan; Max Levchin resigns from board  —  Yahoo to Spin Off Its Core Businesses  —  SAN FRANCISCO — Yahoo said on Wednesday that it had dropped a plan to spin off its $31 billion stake in Alibaba, the Chinese e-commerce company.
Joe Pompeo / Politico:
Profile of Martha Nelson, chief of Yahoo media and ex-Time Inc. editor in chief, who faces challenges as Yahoo plans to spin off core assets  —  As Yahoo roils, Martha Nelson stays focused on media  —  When Yahoo CEO Marissa Mayer hired former Time Inc. bigwig Martha Nelson over the summer …
Jack Marshall / Wall Street Journal:
Facebook changes advertising policies for Instant Articles to allow publishers to include more advertising in each article and to sell Facebook-only campaigns  —  Facebook Bends to Publishers, Tweaks Instant Articles Advertising  —  Publishers said restrictions made it too hard for them to generate revenue
Discussion: The Whip, FishbowlNY and @jackmarshall
Oliver Darcy / The Blaze:
Leaked Memo: BuzzFeed Editor-In-Chief Says It's ‘Entirely Fair’ to Call Trump a ‘Mendacious Racist’  —  BuzzFeed Editor-In-Chief Ben Smith wrote in an email to his editorial staff Tuesday that calling Republican frontrunner Donald Trump a racist on social media does not violate the company's ethics guidelines.
Mark Scott / New York Times:
Europe to create a digital single market in which digital content can be temporarily viewed throughout the EU regardless of European country of purchase  —  Europe Plans to Ease Copyright Rules on Using Digital Content  —  Europe's policy makers on Wednesday will announce far-reaching plans …
Duncan Robinson / Financial Times:
European Commission to examine whether aggregators should have to pay for displaying snippets of news articles  —  Google faces Brussels move on ‘snippet tax’ for news  —  Google faces another regulatory confrontation with Brussels after the European Commission said it will examine whether services …
Discussion: Reuters, Boing Boing and @retiario
Lukas I. Alpert / Wall Street Journal:
Tribune Media Invests $25 Million in Dose and OMGFacts  —  Venture founded by Emerson Spartz specializes in identifying, creating viral content  —  Emerson Spartz began his media career with the Harry Potter blog he created at the age of 12.  Fast forward 16 years and he is still channeling …
Bloomberg Business:
CBS CEO Les Moonves says Apple puts live TV plans on hold; source says media firms want more money for their programming  —  Apple Said to Suspend Effort to Develop Live TV Service  —  Focus instead will be on App Store as platform for others  —  Media companies resist channel package at $30 to $40 a month
Dan Rayburn /
Sling TV Suppliers Say The Company Has Less Than 500,000 Subscribers, Decelerating Signups  —  In a regulatory filing in August of this year, Dish said they had 169,000 subs as of the end of March for their Sling TV live streaming service.  Since then, the company has refused …
Beatrice Verhoeven / The Wrap:
Mashable to Distribute First Feature Film “CodeGirl”  —  Mashable and FilmBuff are partnering to distribute and promote the documentary “CodeGirl,” written and directed by Lesley Chilcott, on Mashable and the social news site's AppleTV app.  —  “CodeGirl” chronicles teams of high school girls around …
Discussion: PRWeb, Ad Age, Tubefilter and The Drum
Robert Channick / Los Angeles Times:
Eli Broad: No deal in works to buy Los Angeles Times  —  The Los Angeles Times buiding and the former Times Mirror Square in a view from the Los Angeles city hall observation deck.  —  Addressing rumors fueled by a tweet from media mogul Rupert Murdoch, Los Angeles investor Eli Broad said …
Mark Sweney / Guardian:
Time Out to cut about 40 staff in UK and US  —  Listings title aims to focus on digital as it becomes a global multimedia business  —  Time Out is to cut about 40 staff at its UK and US operations as part of a strategic refocus of the listings magazine into a global multimedia business.
Discussion: Adweek
Paresh Dave / Los Angeles Times:
ESports video streamer Azubu gets nearly $60 million in debt sale  —  Azubu is competing with Twitch and YouTube to be the go-to app for watching people compete in video games.  —  Azubu Inc. is taking on Twitch and YouTube.  Those two huge online distributors of video about video games have deep pockets.
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 More News: 
Ernesto / TorrentFreak:
RIAA and shuttered music streaming site Aurous settle piracy lawsuit for $3M
Discussion: Variety and Ars Technica
Ken Yeung / VentureBeat: launches a Roku channel to bring its lessons to your television
Discussion: Gigaom and The Next Web
Frank Bajak / Associated Press:
South America hacker team targets dissidents, journalists
Discussion: The Citizen Lab and Motherboard
Mike Shields / Wall Street Journal:
Sources: some media firms are pulling back from syndicating videos with AOL On network, uncertain where their videos appear
 Earlier Picks: 
Dana Rubinstein / Politico:
Port Authority to weigh $25M in incentives for 21st Century Fox and News Corp at 2 World Trade Center; firms would commit to 1.5M square feet for 30 years
Rick Gladstone / New York Times:
Iran Editor Is Charged With Defying Ban on Covering Ex-President
Discussion: Guardian
Paul Farhi / Washington Post:
Diane Rehm, host of her self-titled news show that aired nationally on NPR for two decades, plans to retire after 2016 election
Brian Steinberg / Variety:
Disney raises its ownership stake in Vice to 10% or about $400M