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9:10 PM ET, September 23, 2016

Mediagazer

 Top News: 
Wall Street Journal:
Facebook says it overestimated average video viewing time metric by 60%-80% for 2 years, according to information Publicis Media says it obtained from Facebook  —  Social network miscalculated the average time users spent watching videos on its platform  —  Big ad buyers and marketers …
RELATED:
David Fischer / Facebook:
Facebook VP of advertising David Fischer explains video metric miscalculation, apologizes, says the mistake had no impact on billing  —  Many of you may have seen the reports about our video metric miscalculation - I want to provide further clarity on the issue.
CNBC:
Sources: Twitter may receive formal bid shortly, suitors said to include Salesforce and Google  —  Twitter has received expressions of interest from several technology companies and may receive a formal bid shortly, sources said.  —  The social media company is engaged in conversations …
Nilay Patel / The Verge:
The Verge founding team member Chris Ziegler took a job at Apple two months before leaving the website; internal review finds no impact on editorial decisions  —  Hey everyone — there have been questions about Chris Ziegler and his absence from The Verge in the past few weeks.
Ashley Cullins / Hollywood Reporter:
Judge rules UVA associate dean Nicole Eramo is a limited-purpose public figure, making it harder to prove defamation in a lawsuit against Rolling Stone  —  The court has found that UVA dean Nicole Eramo is a limited-purpose public figure and will face a higher bar in proving the story defamed her.
Paul Farhi / Washington Post:
Media reporter Paul Farhi asks readers to stop referring to “the media”, an imprecise, unfair, lazy smear  —  To: Everyone From: Paul Farhi  —  Folks, I know a lot of you don't like the people who work in my chosen profession, the news business.
Sarah Ellison / Vanity Fair:
Inside the final days of Roger Ailes at Fox News: an army of lawyers and advisers, the internal investigation, and power shifts among the Murdochs  —  For 20 years, Roger Ailes did as he pleased at Fox News.  Then former anchor Gretchen Carlson sued him for sexual harassment …
Peter Sterne / Politico:
Sources: The Guardian US lost $15.85M on revenue of $15.5M in 12 months ending April 2016  —  The Guardian's U.S. operation took in $15.5 million in revenue but suffered a $15.85 million net loss in the 12 months ending April 2016, POLITICO has learned.  It initially believed …
RELATED:
Jasper Jackson / Guardian:   Alex Graham, founder and former chief exec of TV production company Wall to Wall Media, has been appointed as chair of The Guardian's owner, The Scott Trust
 
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 More News: 
Matthew Garrahan / Financial Times:
While tabloids like TMZ do great with scoops like Pitt-Jolie divorce they must rely on other revenue streams like online gambling, celebrity tours, and TV shows
Ian Burrell / The Drum:
The Lad Bible, one of the UK's fastest growing news sites, hires 16-year-old paid apprentices to bolster editorial operation and help plan strategy
Scott Moritz / Bloomberg:
Sources: DirecTV Now to become AT&T's primary video delivery platform, eliminating need for a cable hookup or satellite dish for broadband users in five years
Discussion: Engadget
 Earlier Picks: 
Yuyu Chen / Digiday:
How Huffington Post uses WeChat and Line: two accounts in English and the local language catering to different reading preferences; video works best on Line
Hannah Kuchler / Financial Times:
Instagram says it now has over 500K active advertisers, up from 200K in February
Benjamin Mullin / Poynter:
Univision begins adapting content from Gizmodo Media Group blogs like Lifehacker for Spanish speakers
Discussion: Forbes
Kif Leswing / Business Insider:
Yahoo confirms data from 500M+ accounts was stolen in 2014 by “state-sponsored actor”; info includes email addresses, hashed passwords, security questions, more