Mediagazer: Disney is taking a $157M writedown on its $400M investment in Vice Media; investment in December 2015 reportedly gave Disney 10%, at a valuation of $4B-$4.5B (Lauren Feiner/CNBC)

1:05 PM ET, November 9, 2018

Top News:

Press Secretary Sanders tweeted a video that experts say was altered and which made Jim Acosta's encounter with a White House intern appear more violent — White House press secretary Sarah Sanders on Wednesday night shared a video of CNN reporter Jim Acosta that appeared to have been altered …

Discussion: Associated Press, @presssec, The Daily Beast, The Verge, Washington Post, @rafaelshimunov, Wall Street Journal, @cwarzel, BuzzFeed News, @brianstelter, Tubefilter, @oliverdarcy, Sputnik International, @farhip, USA Today, MediaPost, Multichannel News, New York Times, @nppalawyer, @danpfeiffer, CNET, @fbajak, @buzzfeednews, Axios, Gothamist, Lefsetz Letter, The Overspill, The Wrap, NPPA, @jaketapper, @nppalawyer, @jonmladd, @mattortega, @knicksfanblog, @news_guild, @tomemburyd, @normeisen, @brendannyhan, @tigerbeat, @cdisillusion, @drfrancesryan, @rafaelshimunov, @jackiekcalmes, @davidfrum, @buzzfeedben, The Independent, Mother Jones, @jk_rowling, Slate, Nicholas Kristof, HuffPost, Vox, Hit & Run, Fast Company, Media Matters for America, New York Post, Rewire.News, The Daily Caller, The Daily Beast, Mashable and Business Insider

Amy B Wang / Washington Post:

White House suspends Jim Acosta's press pass after he and Trump had a tense exchange; Sarah Sanders claims Acosta “placed his hands” on woman at press event — The White House has suspended the press pass of CNN reporter Jim Acosta after President Trump took issue …

Discussion: Longreads, @presssec, @cnnpr, Poynter, @jeffmason1, @acosta, @acosta, @acosta, @cnnpr, New York Times, Columbia Journalism Review, @joelockhart, Variety, @mikeisaac, The Verge, Conservative News Today, New York Times, @ac360, Snopes.com, @ronwyden, CNN, Mashable, @chuckrossdc, Fast Company, @pattonoswalt, @joshtpm, @yamiche, @benshapiro, @peterbakernyt, The Daily Beast, @peterbakernyt, @parkermolloy, @chrismegerian, @peterbakernyt, @mikiebarb, @brianklaas, @kendilaniannbc, @jonathanalter, @milbank, @harikunzru, @jeffjarvis, @brianstelter, @w7voa, @noahshachtman, @perlberg, @colbyhall, @jason_a_w, @mattyglesias, @olivianuzzi, @maggienyt, @armandodkos, @maggienyt, @joelockhart, @davidshepardson, @sopandeb, @susan_hennessey, @davidakin, @anildash, @fridaghitis, @jayrosen_nyu, @erikwemple, @jonathanlanday, @girlsreallyrule, @jenniferjjacobs, @mlcalderone, Congressman Alcee L. Hastings, Dan Rather, Wall Street Journal and Hollywood Reporter

Jeremy Barr / Hollywood Reporter:

Trump says “it could be others also” when asked how long Acosta will be suspended — “It could be others also,” Trump said Friday when asked how long CNN's Jim Acosta will be suspended from the White House. — When asked during a pool spray on Friday morning how long CNN's Jim Acosta …

Discussion: TVNewser and Mediaite

@whca:
WHCA strongly objects to the White House pulling credentials to punish a reporter and urges White House “to immediately reverse this weak and misguided action”

Margaret Sullivan / Washington Post:
CNN should sue the White House for taking away Jim Acosta's press pass under a false pretext, and press-rights groups and media outlets should join in

Discussion: @melissakchan, Poynter, @sulliview, Politico, @sopandeb, @sopandeb, @jeffjarvis, @rcfp, @ejdionne, @davidakaye, @indexcensorship, @trevortimm, Politico, @jonathanwpeters and Mediaite

Michelle Fields / The Atlantic:
Ex-Breitbart reporter Michelle Fields, accused of falsely saying Lewandowski assaulted her, says accusers apparently were projecting, as they aim at Acosta now

Discussion: @olivianuzzi, @mckaycoppins, @nora_kelly, @ericmgarcia, @markberman, @isaacdovere, @hunterschwarz, @oliverdarcy and Washington Post

Jeffrey A. Trachtenberg / Wall Street Journal:

Meredith sells Fortune magazine to Thai businessman Chatchaval Jiaravanon for $150M — The sale to Chatchaval Jiaravanon gives the business publication a new owner for the second time this year — Meredith Corp. MDP -4.70% said Thai businessman Chatchaval Jiaravanon has agreed …

Discussion: Fortune, Folio, Ad Age, Variety, @alansmurray, Talking Biz News, @jbenton, PR Newswire and @jeffjohnroberts

Lauren Feiner / CNBC:

Disney is taking a $157M writedown on its $400M investment in Vice Media; investment in December 2015 reportedly gave Disney 10%, at a valuation of $4B-$4.5B — - Disney wrote in its fourth-quarter earnings report that it plans to write down its investments in Vice Media for $157 million.

Discussion: The Wrap, @pkafka, Financial Times, Business Insider, Variety, Tubefilter, Deadline and Fast Company

Michelle Castillo / CNBC:
Disney says its new streaming service will be called Disney+ and will launch in the US in late 2019

Discussion: The Walt Disney Company, /Film, The Next Web, The A.V. Club, The Playlist, CNN, @backlon, @natjarv, @xpangler and TV Tattle, more at Techmeme »

Brent Lang / Variety:
Disney's Q4 beats with $2.3B net income on $14.3B revenue; cable/broadcast sales were nearly $6B, up 9% YoY, and its film studio earned $2.1B, up nearly 50% YoY

Discussion: MediaPost, Yahoo! Finance, Talking Biz News, @mikalfm, FierceVideo, CNBC, Broadcasting & Cable, AdExchanger, Multichannel News, Ad Age, Engadget and Stock Market News …

Carmin Chappell / CNBC:

News Corp. reported mixed Q1 results with net income of $128M, up 47% YoY, on $2.52B in revenue, up 23% YoY but shy of estimates of $2.54B; ad revenue fell 7% — - News Corp. reported fiscal first-quarter earnings Wednesday that beat analysts' expectations for earnings but missed on revenue.

Discussion: @npfandos and News Corp

Stephen Shankland / CNET:

The New York Times is digitizing its 5-7M photo archive using Google AI to recognize text describing the photos and will use Google's storage services — Google's computer brains are helping The New York Times turn a historic archive of more than 5 million photos into digital data that'll appear …

Discussion: Nieman Lab, Digiday and Editor & Publisher, more at Techmeme »

Jim Edwards / Business Insider:

Medium CEO Ev Williams says he will be raising more money; Medium has raised $132M, has 90M MAUs, and publishes 20K articles per day — - Ev Williams needs more money for Medium, which he says is still not profitable. — Medium has received $132 million from investors so far.

Discussion: @duanekinsey and @rafat

Wendy Lee / Los Angeles Times:

YouTube office in Playa Vista's Spruce Goose hangar opens to house office space and productions as part of a plan to build a 450,000-square-foot complex — Google has moved a step closer to transforming the historic Spruce Goose hangar in Playa Vista into a state-of-the-art office and production facility …

Discussion: Los Angeles Times

Hollywood Reporter:

Tribune Media reports Q3 net income of $54.1M vs. loss of $18.7M in Q3 2017, revenue up 11% YoY to $498M thanks to growth in retransmission and carriage fees — The company, which this summer scrapped its planned $3.9 billion takeover by Sinclair Broadcast Group, posted a lower impairment charge …

Discussion: Broadcasting & Cable, Variety, San Francisco Chronicle and Tribune Media Investor …

Jessica Toonkel / The Information:

Sources: WarnerMedia has approached NBCU about a partnership that would include licensing films or TV shows as it prepares for its new streaming service — AT&T's WarnerMedia has approached Comcast's NBCUniversal to discuss ways of working together, including about licensing films or TV shows …

Discussion: @benmullin

Jon Lafayette / Broadcasting & Cable:

E. W. Scripps reports Q3 revenue of $303M, up 51% YoY; political ad revenue reached $140M, up 86% from 2014 midterms — The E.W. Scripps Co. swung to a third quarter profit as revenues were boosted by local political ad sales revenue from Katz Broadcasting, acquired a year ago.

Discussion: MediaPost and PR Newswire

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