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1:25 AM ET, March 5, 2020

Mediagazer

 Top News: 
Alex Kantrowitz / BuzzFeed News:
Twitter will begin testing “Fleets”, letting iOS and Android users make posts that disappear after 24 hours, in Brazil, finally using a Stories-like format  —  On Wednesday, Twitter will begin testing a feature, called “Fleets,” that will allow you to post photos, videos …
Elaine Low / Variety:
Source: Netflix cancels five film screenings and a panel planned for SXSW, joining others who have canceled screenings, including Apple and Amazon Studios  —  Netflix is the latest company to pull out of SXSW 2020, a source familiar with the situation tells Variety, canceling five film screenings and a panel for #BlackExcellence.
Ryan Lillis / Sacramento Bee:
Sacramento's mayor is recruiting a group to try to buy McClatchy's Sacramento Bee, convening a forum March 27 to discuss structure with a goal of raising $20M+  —  Sacramento Mayor Darrell Steinberg is working to form a local ownership group that could purchase The Sacramento Bee …
RELATED:
R.T. Watson / Wall Street Journal:
Quibi says it has closed a second round of financing worth $750M that includes about $400M raised at the end of 2019, bringing its total raised to $1.75B  —  Closing $750 million financing round brings total raised to $1.75 billion  —  Short-form video streamer Quibi said it has closed …
Michael Barba / The San Francisco Examiner:
San Francisco reaches a plan to pay freelancer Bryan Carmody $369,000 to settle claim after police searched his home, office, and phone records in a leak probe  —  Nearly a year after police raided his home and office in a widely condemned infringement of his rights as a journalist …
Brian Steinberg / Variety:
ViacomCBS CEO Bob Bakish says the company is preparing to sell its publishing unit, Simon & Schuster, as it is “not a core asset”  —  ViacomCBS is preparing to sell its publishing unit, Simon & Schuster, as the company re-evaluates all its assets in a fast-changing business landscape.
Benjamin Goggin / Business Insider:
American Media, owner of celebrity and fitness magazines, continued cuts this week, laying off at least 23 editorial staffers in its Celebrity Digital Group  —  - American Media, Inc., former owner of the National Enquirer and current owner of at least a dozen celebrity and fitness magazines …
Discussion: @tabiegermain, Thanks:@benjamingoggin
Washington Post:
Sources: Chris Matthews planned to retire after the 2020 election but was forced out of MSNBC following weeks of embarrassments  —  On Monday night, Chris Matthews gathered with the crew of his long-running MSNBC show “Hardball,” his family and the network's president, Phil Griffin …
RELATED:
Brian Stelter / CNN:
Chris Matthews abruptly announces his retirement amid his MSNBC talk show Hardball, after a string of recent controversies
Marty Swant / Forbes:
Mailchimp has acquired Courier, a London-based media company focused on entrepreneurs and small businesses, which produces a magazine, newsletter, and more  —  Mailchimp is expanding its presence beyond email and into the world of print.  —  The Atlanta-based marketing platform has acquired Courier …
Kayleigh Barber / Digiday:
Minute Media CRO says ~50% of its revenue, projected to be ~$200M this year, comes from its B2B business licensing tech to clients like USA Today and Billboard  —  Many digital publishers looking for alternative revenue streams to advertising turn to subscriptions and commerce.
 
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 More News: 
New York Times:
Ronan Farrow says he won't work with Catch and Kill publisher Hachette Book Group again, after its division announced plans to publish Woody Allen's memoir
 Earlier Picks: 
Kathryn VanArendonk / Vulture:
A look at the restrictions shaping the format of Snap Originals, from the 5-minute run time to the vertical screen, and the issues with Snapchat Discover
Reed Richardson / Mediaite:
The White House banned audio and video recording of a COVID-19 media briefing with Mike Pence on Tuesday, stoking criticism
Josh Constine / TechCrunch:
Daily Caller's Check Your Fact, a Facebook fact-check partner, faces criticism for labeling two stories on Trump, COVID-19 as “false”, raising process concerns
Mary McNamara / Los Angeles Times:
NYT's Ben Smith breathlessly praises his new employer in his first column, with self-congratulatory hyperbole, describing a problem without offering a solution
Dan Mangan / CNBC:
The Trump campaign sues The Washington Post for defamation, citing two opinion posts about the campaign and Russia; the suit follows a similar suit against NYT