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12:15 PM ET, March 5, 2020


 Top News: 
Jon Lafayette / Broadcasting & Cable:
Negotiations break down as YouTube TV drops the YES Network along with some, but not all, Sinclair RSNs  —  YES Network said it is no longer on YouTube TV, which might signal a breakdown in talks between Sinclair Broadcast Group, which acquired a group of regional sports networks …
Todd Spangler / Variety:
YouTube TV and Sinclair sign a deal for 19 RSNs, but the streamer won't carry the YES Network, Fox Sports Prime Ticket, and Fox Sports West, which airs LA games  —  YouTube TV and Sinclair Broadcast Group reached a deal covering most of the Fox regional sports networks …
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 …
Financial Times:
UK's Independent is profitable for a third consecutive year with profit of £2.3M on revenue of £27M, up 9% YoY; it ended its print edition four years ago  —  Digital-only strategy pays off for first major UK newspaper publisher to close printing presses
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.
Mark Wilson / Fast Company:
MIT study: when some news stories are labeled as fact-checked and disputed, stories with the same design but no labels are validated and seen as more accurate  —  In 2016, after coordinated propaganda on Facebook helped Trump win the election, the social media giant introduced a program …
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
Patch Media, which publishes 1,200+ hyper-local news sites, says its sites now have a total of 32M MAU and newsletters have 2M subscribers  —  Patch Media, the publisher of more than 1,200 hyper-local news sites, is a comparable bright spot among publishers of local news; it's having been profitable for the past four years.
Joe Otterson / Variety:
Pop TV cancels three original TV shows that were produced by outside studios as ViacomCBS prioritizes IP owned by the company  —  Pop TV is paring down its scripted programming commitments as dust continues to settle from the Viacom-CBS merger.  Variety has learned exclusively that three original series …
Anna Nicolaou / Financial Times:
James Murdoch's Lupa Systems and Betaworks to fund an accelerator for start-ups to tackle disinfo; they plan to invest $100K in 10-20 projects in the first year  —  The former Fox CEO commits millions to battle against disinformation  —  James Murdoch, the younger son of Rupert Murdoch …
Peter White / Deadline:
Disney strikes an exclusive multiyear deal with Italy's Telecom Italia Mobile to distribute Disney+ via an internet bundle, starting March 24  —  The Walt Disney Company has struck its second European distribution deal for Disney+ in a week - this time with Italy's Telecom Italia Mobile (TIM).
Discussion: The Streamable and Variety
Tribune Publishing Company:
Tribune Q4: earnings of $30.8M, down from $46.5M a year ago, on revenue of $252.3M, down 11% YoY; digital-only subscribers in 2019 grew 33.6% YoY to 334K  —  Company Delivers Year-Over-Year Income Growth Along with Significant Growth in Digital Subscribers  —  Tribune Publishing Company …
Brian Stelter / CNN:
Chris Matthews abruptly announces his retirement amid his MSNBC talk show Hardball, after a string of recent controversies  —  (CNN Business)Chris Matthews, one of the country's best-known political talk show hosts, is retiring from MSNBC, effective immediately, after a string of recent controversies on and off the air.
Washington Post:
Sources: Chris Matthews planned to retire after the 2020 election but was forced out of MSNBC following weeks of embarrassments
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 More News: 
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
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
 Earlier Picks: 
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
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
Reed Richardson / Mediaite:
The White House banned audio and video recording of a COVID-19 media briefing with Mike Pence on Tuesday, stoking criticism
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