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 …
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Russell Brandom / The Verge:
Twitter account of YouTube product manager Vadim Lavrusik was hacked and shared fake news during YouTube HQ shooting; Twitter deleting 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:
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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.
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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.
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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.”
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Bloomberg:
Review of Sinclair employment contracts shows some employees cannot resign from firm without incurring a penalty equivalent to 40% of their annual compensation — Noncompetes, forced arbitration and a liquidated damages clause can equal 40 percent of annual salary. — , and
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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
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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 …
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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 — UPDATED: CBS Corp. has formally submitted a takeover bid for Viacom, according to sources familiar with the situation.
Discussion:
Multichannel News, Wall Street Journal and Hollywood Reporter
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.”
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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:
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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
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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
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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:
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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 — Amazon Music tells Billboard it has “tens of millions” of paid customers, with Amazon Music Unlimited subscriptions having more than doubled …
Discussion:
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