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1:55 PM ET, February 8, 2018

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 Top News: 
Selina Wang / Bloomberg:
Twitter Q4: profit of $91.1M, its first ever, revenue of $731.6M, up 2% YoY, vs. $686.4M est.; MAUs up 4% YoY but flat QoQ at 330M vs. 333M est.; stock up 10%+  —  Revenue rises to $732 million, topping analysts' estimates  —  Efforts to fight spam, bots limited gains in user numbers
Todd Spangler / Variety:
Filing: Hulu lost $920M in 2017, compared to $531M in 2016, as owners invested $1B, vs. $733M in 2016; analyst estimates losses will climb 80% in 2018 to ~$1.7B  —  Hulu dropped deeper into the red last year as it boosted spending on originals and launched its live TV service — and the losses are expected to mount in 2018.
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Sarah Perez / TechCrunch:
Hulu announces it is rolling out higher-quality 60 FPS video on select channels and devices  —  Hulu announced on Wednesday it has begun to rollout 60fps (frames per second) to its Live TV service - something that's been one of the most-requested features, especially from those who stream live sports.
Discussion: Variety, Variety and MacRumors
Sydney Ember / New York Times:
New York Times overall subscription revenue, which now accounts for 60% of total revenue, rose to more than $1B for 2017; Q4 revenue rose 10% YoY to $484M  —  In a tough environment for journalism, The New York Times Company continued to post significant subscriber growth, propelling the company to a healthy 2017.
Claire Atkinson / NBC News:
Newsweek Media Group's head of sales resigns, and a source says the company has lost “hundreds of thousands” in ad commitments since reports it bought traffic  —  The Newsweek Media Group is reeling.  —  Ed Hannigan, the company's head of sales, resigned on Tuesday.
Andrew Liptak / The Verge:
Scribd, now with 700K subscribers, brings back unlimited subscriptions for $8.99/month and ends Scribd Select, but will throttle voracious readers  —  But there's a small catch for voracious readers  —  Two years after shifting away from its unlimited subscription model in favor of monthly credits …
Discussion: Fast Company and Publishers Weekly
Ricardo Bilton / Nieman Lab:
Substack, a platform that offers tools for writers to create and monetize their own newsletters, opens to all for free, takes 10% cut if newsletters charge fees  —  “People will always pay for news they can put on the company credit card, but we've always believed that that it's far from the only thing people will pay for."
Jeff Baumgartner / Multichannel News:
SEC filing: T-Mobile paid about $325M for Denver-based Layer3 TV, to help launch T-Mobile's new TV service later this year  —  Will use acquisition to launch ‘disruptive’ OTT TV service later this year  —  T-Mobile paid about $325 million to acquire Layer3 TV, the Denver-based MVPD …
Discussion: FierceCable
Sahil Patel / Digiday:
NBCUniversal and BuzzFeed launch Playfull, a millennial parenting channel on Facebook that marks the first time both companies have co-owned a publishing brand  —  NBCUniversal and BuzzFeed are creating a new millennial parenting channel together called Playfull, hoping to replicate BuzzFeed's success …
Reuters:
Viacom quarterly revenue drops 7.6% YoY to $3.07B due to a drop in cable TV fees, though net profit increased from $386M to $535M, or $1.33 per share  —  (Reuters) - Viacom Inc (VIAB.O), the owner of MTV, Comedy Central and Nickelodeon, reported a 7.6 percent fall in quarterly revenue on Thursday …
Max Willens / Digiday:
Condé Nast to begin experimenting with Amazon Echo Look to provide content and recommendations from Vogue and GQ on Look's mobile app starting February 19  —  Condé Nast glossies Vogue and GQ are focusing more on content recommendations that lead to e-commerce, and they've found another place to syndicate them.
Discussion: TechCrunch and Engadget
Ken Doctor / Nieman Lab:
Analysis of LA Times deal: factors that led to sale now, speculation on Soon-Shiong 's future strategy, a look at price, and a theory on a future Gannett role  —  Tronc is getting a big premium for its flagship asset, and the Times is getting a return to private, local ownership.
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Meg James / Los Angeles Times:
Tronc forms new company, Tribune Interactive, with Ross Levinsohn as its CEO and ex-LA Times EIC Lewis D'Vorkin as its chief content officer
Sara Fischer / Axios:
Snapchat says it generated $100M in revenue for Discover's publishing partners in 2017, up from $58M in 2016 and $10M in 2015  —  Snapchat says it generated $100 million in revenue for content partners on Discover in 2017, up from $58 million in 2016 and $10 million in 2015.
Discussion: Recode
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Wall Street Journal:
Snapchat is launching to tool to let TV networks pipe snippets of live broadcasts directly into the app, starting this Saturday with NBC's Olympics coverage
 
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 More News: 
Ricardo Bilton / Nieman Lab:
Q&A with Trevor Kaufman, CEO of paywall tech firm Piano, on the rise of paywalls and subscription models, lack of longform strategy, and social distribution
Washington Post:
Executives at The Newseum plan to meet with a real estate firm Thursday to explore options including selling its building in Washington, DC, or moving locations
Discussion: TVNewser and @rschooley
Local News Lab:
Democracy Fund announces two new funds in NJ and NC totaling $2M to support local news ecosystems and seek long-term solutions for public-interest news
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