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9:10 AM ET, February 9, 2021


 Top News: 
Sarah E. Needleman / Wall Street Journal:
Reddit has raised a Series E of over $250M led by Vy Capital at a $6B valuation, doubling in value since its last funding round in February 2019  —  Its WallStreetBets community played a prominent role in recent stock-trading frenzy  —  Reddit Inc. doubled its valuation to $6 billion …
PR Newswire:
Fox reports net Q2 income of $230M, down from $314M a year ago, on revenue of $4.09B, up 8% YoY; ad revenue increased 14% YoY  —  REVENUES OF $4.09 BILLION, AN INCREASE OF 8% AND ADJUSTED EBITDA OF $305 MILLION, AN INCREASE OF 17%  —  Fox Corporation (Nasdaq: FOXA, FOX) ("FOX" or the …
Discussion: @taralach
Fox News files motion to dismiss Smartmatic suit, saying it can't be held liable for “fairly reporting and commenting on competing allegations”  —  (Reuters) - Rupert Murdoch's Fox News Media said on Monday it filed a motion to dismiss electronic voting systems maker Smartmatic's lawsuit …
Alexis Benveniste / CNN:
Fox News canceling Lou Dobbs is reminiscent of the way Murdoch handled phone-hacking scandals in UK: throw somebody over the side and see if that was enough  —  New York (CNN Business)Fox News' official reason for canceling Lou Dobbs' show — a post-election programing adjustment — doesn't quite add up.
Financial Times:
EU lawmakers are considering regulations that would force Facebook and Google to pay for news content on their platforms, echoing a similar move in Australia  —  Move by MEPs would strengthen hand of publishers against Google and Facebook  —  EU lawmakers overseeing new digital regulation …
Josh Gerstein / Politico:
DOJ drops lawsuit seeking to confiscate proceeds from a tell-all book published by a former Melania Trump aide  —  The Biden administration nixes the controversial case against Stephanie Winston Wolkoff.  —  photo, Stephanie Winston Wolkoff leaves Trump Tower in New York.  Andrew Harnik, File/AP
Discussion: Insider, The Week and Mediaite
Chris Gilliard / OneZero:
If reporters believe that surveillance data shouldn't exist, then they should not use info from invasive data brokers to make that point, like NYT did recently  —  The New York Times fails in its attempt to report on the surveillance economy  —  This op-ed was co-authored by Albert Fox Cahn …
Nikhilesh De / CoinDesk:
Documents show Binance dropped the defamation lawsuit against Forbes it filed in November 2020, but did not give a reason for the withdrawal  —  The exchange did not say in its latest filing why it withdrew the case for now.  —  Binance Holdings, the world's largest cryptocurrency exchange …
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 More News: 
Ashley Carman / The Verge:
Sources: Mark Cuban is co-founding Fireside, a podcast app where hosts can talk to fans live and monetize their conversations, with plans to launch this year
Elsa Keslassy / Variety:
Pluto TV launches in France with 40 original channels, making it the first free ad-supported TV streaming service to launch in the country
Discussion: Cord Cutters News
Chris Roush / Talking Biz News:
Coindesk TV launches on YouTube, Facebook, and Twitter with Joanne Po, formerly managing director of Fox News Digital, as executive producer
Discussion: Business Wire
 Earlier Picks: 
Robert Feder:
Nexstar confirms Bill Shine is a consultant for NewsNation; sources: NewsNation news director quit because of interference by Shine and others in news decisions
Financial Times:
China charges Cheng Lei, an Australian journalist who worked for a Chinese state TV channel, with leaking state secrets, six months after she was first detained
Washington Post:
WaPo says readership of its tech coverage grew 40% in 2020 and it will add eight positions, based at its HQ and SF, growing its tech team to 27
Hannah Murphy / Financial Times:
Sources: TikTok has briefed advertisers on new e-commerce tools launching in 2021, including letting popular users add links and earn commission