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2:05 PM ET, May 16, 2018

Mediagazer

 Top News: 
Etan Vlessing / Hollywood Reporter:
AT&T CEO Randall Stephenson said pending Time Warner deal is about improving targeted advertising for premium video products  —  Randall Stephenson told investors that AT&T wants to do for premium video advertising what Facebook and Google have done for digital advertising.
RELATED:
Mike Wuerthele / AppleInsider:
Apple Music now has over 50M users including paid members and trials, Tim Cook says in wide-ranging interview  —  In a wide-ranging interview, Apple CEO Tim Cook divulged Apple Music subscriber numbers, and said that a strong push into television and movies is underway.
Discussion: The FADER, Bloomberg, RAIN News and 9to5Mac
Eriq Gardner / Hollywood Reporter:
Fox News settles about 20 lawsuits over racial or gender discrimination, not including Rod Wheeler and Scottie Hughes cases; source says settlement was ~$10M  —  Douglas Wigdor, the attorney representing more individuals against 21st Century Fox than anyone else, makes a big deal …
Steven Shepard / Politico:
The Associated Press is launching AP VoteCast, a new way of measuring exit polls abandoning traditional methods, in partnership with Fox News  —  The Associated Press unveiled a new project Tuesday to supplant traditional exit polling — beginning with the 2018 midterm elections.
Discussion: Nieman Lab and @michaelgmiller
The New York Times Company:
The New York Times has created a political investigations unit and has appointed Pulitzer-prize winning Editor Paul Fishleder to lead it  —  In a sign of our dedication to the 2018 and 2020 elections, the newsroom is starting a new unit, which Paul Fishleder, one of The New York Times's …
Brian Steinberg / Variety:
Turner execs says CNN will trim commercial spots from anchor Jake Tapper's shows, as it tests cutting back ads on overall programming for several seasons  —  CNN aficionados will this year get to see a lot more of Jake Tapper, and fewer of the commercials that normally interrupt him.
Chris Roush / Talking Biz News:
Peter Kafka has been named executive editor of Recode, with Kara Swisher taking up the role of editor-at-large  —  Recode editor in chief Dan Frommer sent out the following announcement:
Joseph Otterson / Variety:
Time Inc.'s TV production arm, Time Inc. Productions, has rebranded as Four M Studios and is partnering with Freeform to develop scripted movies  —  Months after its $1.85 billion acquisition of Time Inc.'s stable of magazines, media conglom Meredith is ready to make its mark on the company's TV production arm.
Alexandra Stevenson / New York Times:
The Los Angeles Times suspends Jonathan Kaiman, its Beijing bureau chief, after accusations of sexual misconduct from two women, a journalist and a law student  —  The Los Angeles Times said Tuesday that it was suspending Jonathan Kaiman, its Beijing bureau chief, amid accusations of sexual misconduct.
21st Century Fox:
21st Century Fox announces Lachlan Murdoch will be Chairman and CEO of the “new” Fox, with Rupert Murdoch as co-chairman and John Nallen as COO  —  Lachlan Murdoch to Serve as Chairman and Chief Executive Officer  —  Rupert Murdoch to Assume Role of Co-Chairman 21st Century Fox CFO John Nallen to Take Broader Role as
Nick Statt / The Verge:
The new AI-powered Google News app is now available on iOS replacing the Google Play Newsstand app  —  Google said last week at its I/O developer conference that the revamped, artificial intelligence-powered Google News would be arriving on Apple's App Store some time in the next seven days.
 
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 More News: 
Kate Erbland / IndieWire:
Sky and HBO to broadcast “The Case Against Adnan Syed”, a four-hour long documentary series, directed by Amy Berg and based on the 2014 podcast Serial
Discussion: Deadline and NME
Chris Roush / Talking Biz News:
National Geographic and The Wall Street Journal are launching Far & Away, a print magazine for business travelers; first issue will be bundled with May 19 WSJ
Discussion: PR Newswire
 Earlier Picks: 
New York Times:
Tom Wolfe, the journalist and author who helped create the 1960s movement known as “The New Journalism”, has died at age 88
 

 
From Techmeme:

Apple Inc.:
Apple reports Q2 revenue up 5% YoY to $95.4B, vs. $94.66B est., net income up 5% YoY to $24.78B, and China net sales down 2% YoY to $16B

Amazon.com, Inc.:
Amazon reports Q1 revenue up 9% YoY to $155.7B, operating income up 20% YoY to $18.4B, and net income up 64% YoY to $17.1B; AMZN drops ~4% after hours

Zac Hall / 9to5Mac:
Epic Games says it will take a 0% store fee from developers on their first $1M in revenue per app per year, and plans to let developers open their own webshops
 
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