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5:40 PM ET, May 4, 2017


 Top News: 
Shalini Ramachandran / Wall Street Journal:
In its effort to create TV-like content, Snap has signed original show deals with NBCUniversal, Turner, others, and is in talks with CBS and Fox, sources say  —  Snap Inc.'s ambitious effort to create television-like content has old and new media companies alike clamoring to learn …
Wall Street Journal:
Snap launches Snapchat Ad Manager, which lets marketers buy targeted Snapchat ads without using Snap's sales team or ad partners  —  Snap Inc. is launching a new tool that small- and mid-size advertisers can use to buy targeted ads on the vanishing-message app and pay with a credit card.
Associated Press:
Paris prosecutor's office says it has opened an investigation into whether fake news is being used to influence voting in the French election  —  PARIS (AP) — The Latest on France's presidential election (all times local):  —  The Paris prosecutor's office says it has opened …
Ken Schwencke / ProPublica:
Cloudflare shares personal information of those who complain about hosted sites like Daily Stormer; Cloudflare GC says policy lets users “face their accusers”  —  Since its launch in 2013, the neo-Nazi website The Daily Stormer has quickly become the go-to spot for racists on the internet.
Jeffrey A. Trachtenberg / Wall Street Journal:
Airbnbmag, a new print publication from Airbnb and Hearst, will launch May 23 with a circulation of 350K and stories sourced from Airbnb's anonymous data points  —  New print publication will roll out May 23 with a $3.99 cover price  —  When the new travel publication Airbnbmag hits select newsstands …
Mark Glover / Sacramento Bee:
McClatchy reports Q1 adjusted net loss of $14.5M, compared to loss of $7.9M for Q1 2016, on revenue of $221.2M, down 7% YoY; total ad revenue down 12% YoY  —  Despite double-digit growth in digital-only advertising revenue, McClatchy today reported a net loss of $95.6 million, or $12.60 a share, in this year's first quarter.
Discussion: McClatchy
Lukas I. Alpert / Wall Street Journal:
Tronc posts a $3M net loss on a private share buyback as total revenue falls 8.1% to $366M and ad revenue falls 13.1% across its 11 papers in Q1  —  Newspaper company Tronc Inc. said a private share buyback from an outside investor in March resulted in a $3 million net loss for the firm in the first quarter.
Discussion: @lalpert1 and @craignewman
Mat Smith / Engadget:
EU accepts Amazon's offer to withdraw strong-arm clauses in e-book contracts to settle antitrust case  —  The European Commission has accepted Amazon's changes to how it sells its e-books.  Following a 2015 investigation over the retailer's anti-competitive behaviour, Amazon said back in January …
Elaine Low / Investor's Business Daily:
Viacom beats estimates with Q2 adjusted earnings of $317M on revenue of $3.26B, up 8.5% YoY; stock down 7%+ on fears of losing ground on distribution  —  Despite a major earnings topper, Viacom (VIAB) stock fell as much as 11% Thursday amid concerns that its flagship channels are losing ground in distribution.
Discussion: Reuters and Hollywood Reporter
Max Willens / Digiday:
Mic has launched a gaming vertical called Multiplayer with a staff of four, plus seven outside contributors  —  Mic is leveling up its video game coverage.  On Wednesday, the millennial publisher launched a gaming vertical called Multiplayer, part of a plan to branch out to new content areas with a $21 million round it just raised.
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 More News: 
Jason Koebler / Motherboard:
For nearly three years, Canadian government has pursued the notes of former Motherboard editor Ben Makuch in court, affecting his job by damaging sources' trust
 Earlier Picks: 
Todd Spangler / Variety:
Pluto TV Inks Licensing Deals With Lionsgate, MGM, Warner Bros. for Library Titles
Discussion: Multichannel News and PR Newswire
Janko Roettgers / Variety:
Facebook CFO David Wehner says company's video investments “will step up after 2017”; Mark Zuckerberg says programming may eventually involve sports