Mediagazer: Spotify closes at $149.60 on its first day, down ~10% from opening but still far above private market price of ~$132, giving the company a market cap of ~$26.5B (Katie Roof/TechCrunch)

1:55 AM ET, April 4, 2018

Top News:

Casey Newton / The Verge:

Police confirm four shot at YouTube's headquarters in San Bruno, three hospitalized, one dead of self-inflicted gunshot wound, suspected shooter was a woman — San Bruno received multiple 911 calls from headquarters, report says — At least four people were shot at YouTube's headquarters …

Discussion: Los Angeles Times, @tdd, @lavrusik, New York Times, @realdonaldtrump, @google_comms, CNN, @google_comms, @sundarpichai, CBS News, The Daily Beast, Hollywood Reporter, thecut, CNBC, Washington Post, KTVU-TV, @cwarzel, The Wrap, The Daily Beast, TechCrunch, Crikey, Recode, io9, New York Times, @satyanadella, @jack, CBS San Francisco, Deadline, USA Today, KRON, CBS News, @jack, @jack, ABC News, CBS Los Angeles, The Guardian, Associated Press, Mediaite, TVNewser, TIME, The Guardian, VideoInk, KTLA, CNET, The Daily Caller, @fbisanfrancisco, Hit & Run, USA Today, Slate, Business Insider, @mylesmill, @w7voa, Jezebel, AOL, CBS New York, @techcrunch, The Week, ThinkProgress, GeekWire, Mashable, WGN-TV, Engadget, Fortune, Mother Jones, Tubefilter, Politico, Vanity Fair, The Wrap, 9to5Google, @recode, Business Insider, @fbe, The Next Web, Polygon, Silence is Consent, BGR, Fast Company, Variety, @lavrusik, gameinformer.com, New York Magazine, Refinery29, The FADER, PAPER, Motherboard and The Drum, more at Techmeme »

Russell Brandom / The Verge:

Twitter account of YouTube product manager Vadim Lavrusik was hacked and shared fake news during YouTube HQ shooting; Twitter deleted hoax tweets from account — As Twitter users searched for news about today's shooting at YouTube headquarters, hackers were actively compromising a verified employee account to spread misinformation.

Discussion: @janelytv, @twittersafety, @bruce_arthur, @imraansiddiqi, @lavrusik, @maitlis, @sdkstl, AOL, @lavrusik, @scottbix, @allonsykraken and @sdkstl, more at Techmeme »

Michelle Broder Van Dyke / BuzzFeed:

Alleged YouTube shooter Nasim Aghdam had denounced the platform for age-restricting videos on her website; her father warned police she might visit YouTube HQ — The woman posted frequently on the video sharing platform about animal cruelty, vegan recipes, and said she believed YouTube was discriminating against her.

Katie Roof / TechCrunch:

Spotify closes at $149.60 on its first day, down ~10% from opening but still far above private market price of ~$132, giving the company a market cap of ~$26.5B — Spotify is done with its long-awaited “direct listing” experiment. The music streaming company went public without the IPO.

Discussion: Variety, The Local, New York Times, Variety, Wall Street Journal, The Local, Recode, VentureBeat, Crain's New York Business, MacRumors, @maureenmfarrell, Forbes, SlashGear, GeekWire and The Guardian, more at Techmeme »

Peter Kafka / Recode:

Spotify, which posted operating loss of $461M in 2017, thinks its reliance on labels will ease; sources: hope is more artists will work directly with Spotify — The streaming music company wants to get more music — and more profitable music — from the little guys.

Discussion: Slate, TechCrunch, newsroom.spotify.com, The Verge, SlashGear, The Ringer, CNNMoney, CNBC, Fortune, Forbes, BGR, Financial Times, Consequence of Sound, Mashable, VentureBeat, RAIN News and hypebot, more at Techmeme »

Wall Street Journal:

Sources: WPP board is looking into allegations of misuse of company assets and improper personal behavior by Chief Executive Martin Sorrell — Questions come as advertising giant is facing cost-cutting pressures from clients and stepped-up competition from Google, Facebook

Discussion: Ad Age, Mumbrella, Mumbrella Asia, AdExchanger, Business Insider, CNBC, Adweek and The Drum

Facebook Newsroom:

Facebook deletes 70 FB accounts, 138 FB Pages, and 65 Instagram accounts run by Russia's Internet Research Agency this morning, shares samples of IRA content — This morning we removed 70 Facebook and 65 Instagram accounts — as well as 138 Facebook Pages — that were controlled by the Russia-based Internet Research Agency (IRA).

Olivia Nuzzi / New York Magazine:

David Smith, the executive chairman of Sinclair Broadcast Group, said print media has no credibility and no relevance — David Smith, the executive chairman of Sinclair Broadcast Group, said he dislikes and fundamentally distrusts the print media, which he believes “serves no real purpose.”

Discussion: Bloomberg, Salon, Hit & Run, Business Insider, SPJ News, Mediaite, Quill, Slate, Washington Post, Vox, The Wrap, @chanceseales, @mmehlsak, @kylegriffin1, @davidfolkenflik, New York Times, Fast Company, New York Times, ABC News and Hollywood Reporter

Bloomberg:
Review of Sinclair employment contracts shows some employees cannot resign from firm without incurring a penalty equivalent to 40% of their annual compensation

Discussion: On The Media, The Daily Beast, ThinkProgress, AOL, New York Magazine, New York Times, Business Insider and Washington Post

Keach Hagey / Wall Street Journal:

Sumner Redstone will not have final say on potential CBS-Viacom merger as he has only one vote on National Amusements, the holding company owning voting stakes — The 94-year-old media mogul would be one vote among seven National Amusements board members — Sumner Redstone …

Discussion: Financial Times, CNBC, CNBC, @tomgara, Slate, @keachhagey, FierceCable, Reuters, Broadcasting & Cable, The Wrap, @theferocity, @katie_martin_fx, @jdawsey1, @eorden, @sarahnassauer, @jswatz and Multichannel News

Cynthia Littleton / Variety:
Sources: CBS has formally submitted a bid for Viacom, valuing the company around $12.3B and proposing Moonves as chairman-CEO and CBS's Joe Ianniello as COO

Discussion: Multichannel News, Wall Street Journal and Hollywood Reporter

Facebook Newsroom:

Facebook is rolling out an “About this article” button in the US, showing where an article's been shared, the publisher's Wikipedia entry, and related stories — By Taylor Hughes, Software Engineer; Jeff Smith, Product Designer; and Alex Leavitt, UX Researcher

Discussion: TechCrunch, The Verge, Wall Street Journal, Marketing Land, Business Insider, Engadget, @jowens510, Fast Company and 9to5Mac, more at Techmeme »

Sarah Frier / Bloomberg:

Internal Facebook white paper says Trump campaign spent $44M on FB ads while Clinton team spent $28M from June-November 2016; Trump team ran 5.9M ad versions — The president's ad campaign was 'more complex than Clinton's' — Trump focused on new donors; Clinton on ensuring broad appeal

Discussion: @sarahfrier, @jdawsey1, @sarahfrier, @sarahfrier, @parscale and The Next Web, more at Techmeme »

Jeremy Barr / Hollywood Reporter:

Fox News President Jack Abernethy releases statement in support of Laura Ingraham, says network will not be “censored by agenda-driven intimidation efforts” — The cable news outlet's co-president Jack Abernethy said the network won't be “censored by agenda-driven intimidation efforts.”

Discussion: Los Angeles Times, @fortunefunny, @andylassner, The Wrap, Ad Age, Bill O'Reilly, TheBlaze, Washington Post, TVNewser and Mediaite

Mark Sweney / The Guardian:

Disney has expressed an interest in acquiring Sky News, whether or not its acquisition of 21st Century Fox proceeds, as UK regulator scrutinizes Fox's bid — Move aims to allay media plurality fears over 21st Century Fox's takeover of British broadcaster

Discussion: Financial Times, @timobrien, @jamesvgrimaldi, Broadcasting & Cable, Press Gazette, Fortune, InvestEgate, Financial Times, @hrh_princephil, @davidfolkenflik and Wall Street Journal

Georg Szalai / Hollywood Reporter:
21st Century Fox proposes to sell Sky News to Disney or establish it as a separate entity with a 15-year funding guarantee to seal the deal with UK regulators

Discussion: Editor & Publisher, Bloomberg, Independent.ie, Variety, BBC, Financial Times, Sky News and Reuters

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More News:

Sarah Perez / TechCrunch:
Music app Genius debuts its own take on Stories, to combine Genius artist interviews with YouTube content like concert footage, music video clips, and playlists

Discussion: Billboard, Tubefilter, CNET, Fast Company, hypebot and New York Magazine

CNBC:
Sources: Snap in advanced talks to open office in Saudi Arabia; source: content deal with MiSK Foundation is in works to teach Saudi youth how to use Snapchat

Dan Rys / Billboard:
Amazon Music says it now has “tens of millions” of paid subscribers, with Amazon Music Unlimited subscriptions doubling in the past six months

Discussion: Engadget, TechCrunch, NPR, hypebot, @joaquinmencia and RAIN News, more at Techmeme »

Media Matters for America:
Kevin Williamson's media appearances over a decade: he said Laverne Cox is not a woman, said he supported torture, and called Mexican immigrants “peasants”

Earlier Picks:

Maane Khatchatourian / Variety:
Film and TV veteran Catherine Tait named president and CEO of CBC/Radio-Canada, becoming the first woman in the role

Nicholas Diakopoulos / Columbia Journalism Review:
The age of trends is over, as social signals like retweets and likes are too easily manipulated by bots, and journalists must learn to identify their influence

Discussion: @cjr, @chrisgailus, @cjr, @maryannbatlle, @emilybell and VentureBeat

Chris Roush / Talking Biz News:
Quartz reporter David Yanofsky, lawyers from Reporters Committee for Freedom of Press win FOIA lawsuit against US Department of Commerce for immigration data

Discussion: Quartz

Oleksiy Kuzmenko / bellingcat:
Ukrainian and Russian media frequently quoted David Jewberg, a Pentagon analyst on Russia, without realising he didn't exist and was the creation of a US group

Discussion: DFRLab, Wall Street Journal and The Week

From Techmeme:

Gaby Del Valle / The Verge:
The US Senate reauthorizes FISA's Section 702; some communication service providers had threatened to stop cooperating with the US government in case of a lapse

Daniel Wiessner / Reuters:
Google scraps a 2019 policy requiring US suppliers and staffing firms to pay their employees $15 an hour and provide health insurance and other benefits

Isabelle Bousquette / Wall Street Journal:
PCs that can run large AI models may drive an enterprise PC replacement cycle, but some CIOs say they'll wait for the category to mature and prices to come down

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