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3:35 PM ET, September 15, 2016

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 Top News: 
Politico:
The Guardian announces US job cuts that will reduce headcount by 30%, due in part to low ad sales and revenue shortfall  —  Company will reduce headcount by 30% in the U.S.  —  Executives from The Guardian announced today that there will be cuts at the British news organization's U.S. operation …
Kelsey Sutton / Politico:
Gallup poll: trust in mass media falls to 32%, eight points lower than in 2015, with only 14% of Republicans trusting it; overall level is lowest since 1972  —  The American public's trust in the media in 2016 has fallen to its lowest point since at least 1972, according to a new Gallup poll released Wednesday.
Anthony Crupi / Ad Age:
Rio Olympics brought $250M profit to NBC Universal due to 20% increase in ad sales, CEO Steve Burke says, despite ratings 15% lower than London Olympics  —  While the ratings for the 2016 Summer Olympics didn't quite measure up to NBC's early projections, the Peacock still managed to strut away …
Micah Singleton / The Verge:
Pandora rebrands $5/month Pandora One ad-free subscription service as Pandora Plus, adds unlimited skips and replays, offline mode  —  Pandora's free service is also getting some new features  —  As expected, Pandora has launched Pandora Plus, a rebranded and improved version of its $5-a-month Pandora One offering.
Alan Neuhauser / US News:
Justice Department report: FBI may impersonate journalists in undercover probes with high-level approval; 2007 case of AP impersonation did not violate policies  —  The Department of Justice Office of Inspector General found no problem with an FBI policy permitting agents to pose as journalists.
Brooks Barnes / New York Times:
Disney cuts about 250 jobs in consumer products and digital media as it continues its shift to game licensing and away from internal development  —  LOS ANGELES — Disney cut 5 percent of its consumer products and digital media staff on Wednesday, or about 250 jobs, a spokesman said …
Jemma Brackebush / Digiday:
New editors revamp Politico's Playbook newsletter, with color photos, graphics, and consistent delivery time; subscriptions are up 8% in the past two months  —  Two months on, the hand-over of Politico's free daily newsletter, Playbook, appears to be going well.
David Uberti / Columbia Journalism Review:
Interview with Garret M. Graff on the reporting process behind his Politico story on Air Force One's flight on 9/11  —  Courtesy George W. Bush Presidential Library and Museum  —  Politico Magazine's oral history of Air Force One's nerve-racking flight after the Sept. 11 attacks is more than just a fascinating story.
John Koblin / New York Times:
Fox News co-presidents Bill Shine and Jack Abernethy sign multi-year contracts, signaling that the network won't change its voice in the wake of Ailes' ouster  —  Fox News already doubled down on its leadership team last month when it announced that Roger Ailes's major deputies were being elevated into top positions at the network.
 
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 More News: 
Julia Love / Reuters:
Sources: joint venture between Universal Music Group and Sony Music Entertainment readying NOW Music+ streaming app for UK, priced at £5.99/month
Discussion: The Verge
Dominic Ponsford / Press Gazette:
New weekly newspaper in London, City Matters, will cover Fleet Street and plans initial circulation of 20K with staff of five journalists
Discussion: HoldTheFrontPage and @city_matters
 Earlier Picks: 
Margaret Sullivan / Washington Post:
News literacy is an urgent mission during a fact-challenged presidential election, which has obscured the line between truth, opinion, propaganda, and fiction
Sarah Perez / TechCrunch:
Facebook's VP of product management Adam Mosseri says the company is actively working on tech to prevent fake news stories from showing up in Trending section
NorthJersey.com:
After purchasing North Jersey Media Group in July, Gannett to make 200+ staffers redundant