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2:55 PM ET, April 19, 2018


 Top News: 
Josh Gerstein / Politico:
Michael Cohen drops libel lawsuits against BuzzFeed and Fusion GPS over publication of Steele dossier, which alleges he met with Russian operatives for Trump  —  Embattled attorney Michael Cohen has dropped a pair of much-touted libel suits against BuzzFeed and the private investigation firm Fusion GPS …
Jim Rutenberg / New York Times:
Model Karen McDougal settles lawsuit against American Media, giving her right to discuss alleged affair with Trump and allowing AMI to avoid pretrial discovery
David Ingram / Reuters:
Facebook says it will change ToS in May for 1.5B users outside EU; US, Canada to be governed by US instead of Ireland ToS, limiting GDPR impact to 400M users  —  SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow …
Ahead of GDPR, Facebook debuts enhanced privacy controls for all users globally, starting in EU, with more choices about ads, allowing face recognition, more
Ryan Faughnder / Los Angeles Times:
Sources: Netflix has considered buying movie theaters in New York and Los Angeles; it decided not to pursue LA-based Landmark Theatres due to high price  —  Netflix, the global streaming giant that has dramatically changed the TV industry and clashed with movie theater owners …
Alexandra Bruell / Wall Street Journal:
NBCU joins Fox, Viacom, and Turner in OpenAP consortium with a buy-in that costs $10M, sources say; OpenAP standardizes categories ad buyers can purchase  —  OpenAP membership can cost up to $10 million over five years  —  Comcast Corp.'s NBCUniversal has been reluctant to support OpenAP …
Jaclyn Peiser / New York Times:
Harper's Magazine Editor James Marcus says he was fired after a story by Katie Roiphe was assigned over his objections; he says he refused severance tied to NDA  —  James Marcus wants the world to know that he was fired from his job as the editor of Harper's Magazine.
In Ireland, Facebook rolls out a new tool that gives users more information about creators of sponsored posts and political ads ahead of abortion referendum  —  Zuckerberg wants you to remember Facebook started in his dorm  —  Facebook says it has learned the lessons of Russian meddling in the 2016 election.
Discussion: The Irish Times and BBC
Pew Research Center:
Pew: 58% in US prefer to protect the freedom to publish rather than letting government restrict false info; 56% favor tech firms restricting false information  —  But 56% support steps from technology companies, even if it means some limits on publishing and accessing information
Douglas Busvine / Reuters:
Researchgate, which lets researchers share papers, reaches deal on copyright with Springer Nature, Cambridge University Press, Thieme; Elsevier, others hold out  —  FRANKFURT (Reuters) - A group of academic publishers has reached an agreement with Researchgate, an online collaboration platform backed …
Caitlin Ostroff / Save Student Newsrooms:
Shrinking ad revenue and rising print costs are forcing student newspapers to turn to universities for funding, leading to potential editorial pressure  —  The Amherst Student.  The Daily Campus.  The Sunflower.  —  Over the last few years, in the face of shrinking finances …
Joe Pompeo / Vanity Fair:
Source: Meredith rejected a $300M+ offer for Time, Fortune, Money, SI from AMI; interest in the outlets is from wealthy individuals with non-media backgrounds  —  Meredith is entertaining offers for Time Inc.'s old crown jewels, to be sold together or separately—but Donald Trump's favorite publisher is not in the running.
Discussion: Washington Post
Ashley Gurbal Kritzer / Tampa Bay Business Journal:
The Tampa Bay Times is cutting about 50 jobs across departments; spokeswoman says the cuts are a direct response to rising costs from newsprint tariffs  —  The Tampa Bay Times is cutting “approximately” 50 jobs after new tariffs sent the price of newsprint skyrocketing.
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Time Warner CEO Jeff Bewkes testifies in antitrust trial that his company needs to merge with AT&T to better compete for ads with Google, Facebook, and Amazon
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