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1:15 PM ET, February 9, 2021


 Top News: 
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
Sarah E. Needleman / Wall Street Journal:
Reddit raises $250M+ Series E 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 in a new round …
Colby Hall / Mediaite:
Fox News signs CEO Suzanne Scott to a multi-year agreement, extending her contract  —  Fox News Media has announced that CEO Suzanne Scott has signed to a multi-year agreement with Fox Corporation in a sign of support for the Fox News head.  —  Executive Chairman and Chief Executive Officer …
Sara Fischer / Axios:
Internal memo: Bloomberg Media is expecting $100M+ in consumer subscription revenue in 2021, forecasting 400,000 subscribers, up from 250,000 in 2020  —  Bloomberg Media is expecting to bring in at least $100 million in consumer subscription revenue in 2021, according to an internal memo sent to staff from CEO Justin Smith.
Discussion: Talking Biz News
Jason Gurwin / The Streamable:
CBS says it had an overall Super Bowl audience of 96.4M, down from 102.1M last year, and averaged 5.7M viewers per minute of the streaming broadcast, up 65% YoY  —  CBS announced today that Super Bowl LV between the Tampa Bay Buccaneers and the Kansas City Chiefs set a new streaming record.
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 …
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 …
Andrew Beaujon / Washingtonian:
Massachusetts-based online greeting cards company Punchbowl, Inc. has filed a trademark lawsuit against A.J. Press, which owns political startup Punchbowl News  —  A Massachusetts company says the Capitol Hill news startup doesn't have the right to the Punchbowl name.
Discussion: @niemanlab
Sara Guaglione / Digiday:
Taboola's SPAC could enable the company to expand its business, via another merger attempt with Outbrain, making publishers even more reliant on its ad revenue  —  The overall hit that digital publishers' advertising businesses took in 2020 pushed some to take solace in the revenue they received …
Paul Farhi / Washington Post:
As conservative talk radio superstar Rush Limbaugh fights lung cancer, his industry faces aging and shrinking audiences, competition from new tech, and more  —  Rush Limbaugh, the most successful talk-radio host in history, is ailing.  And so is the medium he helped revolutionize over the past 30 years.
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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