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2:20 PM ET, October 27, 2016

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 Top News: 
Vine:
Twitter says it is discontinuing the Vine mobile app “in the coming months”  —  Since 2013, millions of people have turned to Vine to laugh at loops and see creativity unfold.  Today, we are sharing the news that in the coming months we'll be discontinuing the mobile app.
Bloomberg:
Source: the idea for Trump TV began as a threat Jared Kushner issued to Roger Ailes when Trump's circle was unhappy with the tenor of Fox News' coverage  —  Win or lose, the Republican candidate and his inner circle have built a direct marketing operation that could power a TV network—or finish off the GOP.
Ken Doctor / Politico:
Sources: Gannett's billion-dollar deal to buy Tronc is put on hold, likely because of ongoing negotiations over a joint-ownership plan for the LA Times  —  In deal on table, Los Angeles Times would be jointly owned by Gannett and Dr. Patrick Soon-Shiong  —  On Wednesday afternoon it looked …
Joe Flint / Wall Street Journal:
Sources: Megyn Kelly seeks $20M for next Fox contract; Rupert Murdoch said he hopes to get contract signed soon and also wants to renew Bill O'Reilly's contract  —  ‘The Kelly File’ host is in active negotiations; keeping her at the network is a priority for management, including Rupert Murdoch.
Matthew Lynley / TechCrunch:
Twitter reports Q3 2016 revenue of $616M, beating expectations of $606M, as MAUs increase to 317M from 313M last quarter  —  With Twitter's acquisition hopes essentially dead, the company now seems it's on its own to fend for itself and needs to figure out a way to build a reasonable and profitable business.
Michael O'Connell / Hollywood Reporter:
Q&A with CNN Worldwide president Jeff Zucker, on Trump TV, competing with Fox News, post-election strategies, Corey Lewandowski, and more  —  Less than two weeks shy of the election, Zucker speaks with THR about his network's winning strategy, narrowing the Fox News gap …
Discussion: Washington Post and TVNewser
Suman Bhattacharyya / Ad Age:
BIA/Kelsey forecasts digital ads will overtake traditional ads in local US markets by 2018  —  If there was any doubt that the future of local advertising is digital, the latest local ad revenue forecast from BIA/Kelsey confirms that revenue from local-focused online ads will exceed …
Craig Silverman / BuzzFeed:
Researchers doubt Facebook's algorithm-driven approach to Trending topics can stop fake news, viral lies, and hoaxes amid international expansion  —  The Trending product has repeatedly promoted false news, and experts say it may get worse as the company scales Trending internationally.
Alex Spence / Politico:
The Guardian had £48M in negative cash flow in the last six months; a source says it needs to cut costs by more than 60% to survive on digital revenues  —  LONDON — After a summer of steep job losses, staff in the Guardian newsroom are anxious about their future, but there may be worse to come.
Freddy Mayhew / Press Gazette:
Sun crime reporter Anthony France has had his Elveden conviction quashed by Court of Appeals  —  Sun journalist Anthony France has had his conviction for aiding and abetting misconduct in a public office quashed by the Court of Appeal, with a retrial deemed “not in the public interest”.
Peter Kafka / Recode:
Apple to unveil its new TV guide Thursday, aggregating available content and using deep links to ease searching; sources say Netflix won't be included  —  It's an easier way to find and watch video on Apple TV.  —  Apple plans to unveil its new version of a TV guide tomorrow during a product event in California.
TechCrunch:
Twitter tests not showing usernames in replies and not counting them against character limit  —  #Beyond140 is coming to fruition with the removal of one of the most annoying laws of Twitter.  Some iOS users are now part of a test group that no longer sees a recipients' usernames appear …
 
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 More News: 
Ricardo Bilton / Nieman Lab:
Women's interest site Bustle open sources Mobiledoc, a tool that helps publishers port content to other platforms like Apple News, AMP, Instant Articles
Discussion: @niemanlab
Jacob Kastrenakes / The Verge:
FCC approves privacy rules requiring ISPs get customer permission before sharing sensitive data like location, financial information, and browsing history
Ina Fried / Recode:
Verizon is buying and shutting down Vessel, founded by former Hulu CEO Jason Kilar; co-founder Richard Tom to be CTO for Verizon digital efforts including Go90
Joseph Lichterman / Nieman Lab:
Quartz launches first non-English product, La Agenda, a Spanish-language email newsletter combining original content with news translated from the Daily Brief
Discussion: Talking Biz News
 Earlier Picks: 
Alex Barinka / Bloomberg:
Sources: Snap Inc. will seek to raise as much as $4B in its planned IPO, which could value the company at between $25B and $35B
Vauhini Vara / New Yorker:
With its internet and cell phone business having little room for growth, AT&T acquisition of Time Warner makes sense, allows it to tap into ad revenue