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9:20 AM ET, March 3, 2017


 Top News: 
Andrew Ross Sorkin / CNBC:
Sources: NBCUniversal invested $500M in Snap IPO as part of a strategic investment and partnership, making it the only US media company with a stake  —  NBCUniversal, a unit of Comcast and parent of CNBC, invested $500 million in Snap during its IPO as part of a strategic investment and partnership, according to sources.
Wall Street Journal:
Snap closed first day of trading at $24.51 per share, 44% above original price of $17, valuing the company at around $34B  —  Popular disappearing-message app ends day valued at $34 billion, higher than Marriott, Target
Margaret Sullivan / Washington Post:
Journalistic basics resulted in strong stories from two newspapers after weak cable news punditry followed President Trump's Congress speech  —  Call it the revenge of the reporters over the pundits.  —  Tuesday night was a low point for “the media” — if such a multi-headed beast …
Chaim Gartenberg / The Verge:
Spotify says it has 50M paying subscribers, up from 30M in March 2016  —  Spotify continues to cement its place as the leader in music streaming, and today the company announced that it just hit another milestone of 50 million paid subscribers. … It's impressive growth for the company …
David Folkenflik / NPR:
Interview with CNN chief Jeff Zucker, who is emerging as a champion of aggressive journalism as Trump attacks and snubs his network  —  Attacked on national TV for supposedly serving up “fake news.”  Shut out of a White House press briefing in retribution.
Pew Research Center:
Pew survey: 76% of Democrats and 49% of Republicans say freedom of the press to criticize political leaders is very important  —  77% say it would be ‘too risky’ to give presidents more power  —  Large majorities of the public, Republicans and Democrats alike, say open and fair elections …
Andrew R. Chow / New York Times:
Bob Mankoff is stepping down from his post as the cartoon editor of The New Yorker after a 20-year run; Emma Allen will succeed him in April  —  Bob Mankoff is stepping down from his post as the cartoon editor of The New Yorker after a 20-year run.  —  Emma Allen, another editor at the magazine …
Kristen Hare / Poynter:
Interview with Matt DeRienzo, who was named LION's executive director this week, on trends, business models, and making newsrooms “healthy again”  —  When Matt DeRienzo started working with Local Independent Online News Publishers two years ago, he thought the local news business had hit the bottom of cuts and layoffs.
Anya Schiffrin / Columbia Journalism Review:
New report on donor influence over media finds introducing universal standards may help protect both sides  —  Around the world, media outlets are taking millions of dollars from private donors and foundations in order to pay for news.  The Mail & Guardian in South Africa receives grants …
Discussion: @the_fjp, @cjr and
Los Angeles Downtown News:
The Los Angeles Downtown News is sold to Southland Publishing, an L.A.-based media group specializing in newsweeklies and magazines  —  The Los Angeles Downtown News, which has been covering Downtown L.A. for 45 years, has been purchased by Southland Publishing, an L.A.-based media group specializing …
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 More News: 
Todd Spangler / Variety:
Mashable Studios creates a new position, vice president of programming and development, in Los Angeles and hires Polly Auritt, most recently of Fullscreen
Discussion: Multichannel News
Adrienne LaFrance / The Atlantic:
Even in an age of nearly-real-time news, big stories still often break in the evening because of newspaper print deadlines
 Earlier Picks: 
Source: Trump has sworn off Morning Joe as he cuts back on MSNBC and CNN; he remains an avid Fox viewer and watches CNBC for business news
Benjamin Mullin / Poynter:
Committee to Protect Journalists, Freedom of the Press Foundation, and other organizations team up to launch a site tracking press freedom violations in the US