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8:50 PM ET, February 4, 2020

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 Top News: 
Emily McCormick / Yahoo Finance:
Disney beats analyst expectations for Q1, reporting $20.86B in Q1 revenue, up 36% YoY, 26.5M subscribers for Disney+, and 30.4M for Hulu, up 33% YoY  —  DIS) posted better than expected results in the company's first report since the launch of its eponymous streaming service.
David McCabe / New York Times:
Disney, MPAA, News Media Alliance are among those lobbying to limit Section 230, citing copyright concerns, threatening Google, FB, and the web as we know it  —  A motley group of powerful companies have their knives out for Section 230, which shields platforms from lawsuits over content posted by users.
Bloomberg:
Sources: Instagram generated ~$20B in advertising revenue in 2019, making up more than a quarter of Facebook's revenue  —  - Unit brought in about $20 billion in 2019, people familiar say  — Photo-sharing app has gained in importance since 2012 purchase
Sara Fischer / Axios:
Dotdash acquires two more digital publishers, TreeHugger and Mother Nature Network, to create a sustainability vertical in an all-cash deal  —  Dotdash, the IAC-owned digital publishing company that grew from About.com, has acquired two new digital publishers, TreeHugger and Mother Nature Network …
Pippa Crerar / Mirror.co.uk:
Journalists from every major UK broadcaster and paper walk out after attempts to remove those from left-of-center publications from a Downing Street briefing  —  Members of every major national news outlet left a Downing Street briefing in protest in an escalation of tensions between Boris Johnson's team and the media
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Christine Sun Kim / New York Times:
Fox failed to show the full American Sign Language performance of the national anthem at the Super Bowl on TV or online, making it inaccessible for the deaf  —  It was an act of both patriotism and protest.  And it brought both joy and frustration.  —  Ms. Kim is an artist and performer.
RELATED:
Davey Alba / New York Times:
Alphabet's Jigsaw unveils Assembler, a free tool that identifies doctored photos; it is testing it with 12+ news and fact-checking orgs, like Rappler and AFP  —  The company, owned by Google's parent, introduced a free tool it calls Assembler to sort out real images from fake ones.
Brian Stelter / CNN:
Sources: CNN anchors are being excluded from the annual presidential luncheon with TV network anchors, the first time a president has singled out one network  —  New York (CNN Business)President Donald Trump's targeting of CNN is moving to yet another arena: The annual presidential lunch with television network anchors.
Kate Aurthur / Variety:
USC study looking at representation in film finds that 31 of the top 100 movies of 2019 had a lead from an underrepresented racial group, up from 27 in 2018  —  Last year, the stories of women and people of color were more likely to be playing at a theater near you than they've been in over a decade.
Discussion: CNN and @timesupnow
Freddy Mayhew / Press Gazette:
Jess Brammar named editor-in-chief of HuffPost UK, replacing Jimmy Leach, who held the position for less than a year  —  Jess Brammar has been appointed editor-in-chief at Huffpost UK.  —  The former BBC Newsnight acting editor takes over from Jimmy Leach who has left the company after less …
Lauren Feiner / CNBC:
Alphabet breaks out revenue numbers for YouTube ads for the first time, says they generated $4.7B in Q4 revenue and $15.15B in fiscal 2019, up from $11.16B YoY  —  - Google broke out numbers for YouTube and Cloud for the first time Monday.  — YouTube ads generated $15.15 billion in revenue in 2019 …
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Todd Spangler / Variety:
Sundar Pichai says YouTube Music and YouTube Premium together have more than 20M paying subscribers, and YouTube TV has more than 2M subscribers in the US
 
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 More News: 
John Ourand / Sports Business Daily:
ESPN the Magazine will publish its first special issue on Friday since it stopped publication in September; it will be dedicated to Kobe Bryant
 Earlier Picks: 
Wall Street Journal:
Bloomberg's Jennifer Jacobs escorted out of Trump campaign Iowa press event on Monday, after a Dec. campaign pledge to no longer credential Bloomberg reporters
Mia Galuppo / Hollywood Reporter:
Sources: Disney paid $75M for global rights to the Hamilton film, a stage performance by the original cast captured in 2016 and set to be released in fall 2021
Nasdaq:
Tribune Publishing says its CEO Timothy Knight is leaving and will be succeeded by EVP and CFO Terry Jimenez, who will also become its President