Top News:
Nick Clegg / About Facebook:
Facebook defends its stance in Australia, says it invested $600M since 2018 to support the news industry and plans at least $1B more over the next three years — Last week, in a move that will have felt abrupt and dramatic to many, Facebook announced it was stopping the sharing of news on its service in Australia.
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The World Is Yours*, MediaPost, The Guardian, Financial Times, Reuters, CNBC, @jamestitcomb, @_benwright_, @nick_clegg, @swodinsky, @jmgrygiel, @donie, @fboversight, @professorshaw, @blackamazon, @oscarwgrut, @markscott82, @ruskin147, @evelyndouek, @fiwa, @carolecadwalla, @katiecollins and Ex Machina, more at Techmeme »
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Joshua Benton / Nieman Lab:
Facebook's Australia news ban shows tech giants don't mind giving up money to appease regulators and business, but will not give up control over platforms — [Warning: Violent and gruesome metaphor ahead.] — In The Usual Suspects (1995), there's a scene in which the true extent …
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@oz_f, @jbenton, The Guardian, @digiphile, @lindamottram, @mrdenmore, @rklein90, @greenj, @tupp_ed, @oz_f, @coopesdetat, @martinsfp, @mattnavarra, @jrhennessy, @jeffjarvis, @fraying, New Republic, Mediaite, The Drum, Slate, MediaPost and The Ethical Reckoner, more at Techmeme »
ABC:
Australia says Facebook agreed to reinstate news content in Australia in the coming days after the government promised amendments to its proposed media bill — We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work.
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Wall Street Journal, @kantrowitz, New York Times, @mikeisaac, CNN, NPR, Nieman Lab, Techdirt, Politico, @fbnewsroom, Financial Times, Mehdeeka, @zsk, @mathewi, BBC, @jason_kint, Substack, @rasmus_kleis, @braveheartsinc, The Guardian, @robpegoraro, @likebutterfield, @nytimesworld, @yathinkn, @yathinkn, @slpng_giants, @profcarroll, @jason_kint, @caseynewton, BBC, Breitbart, Sydney Morning Herald, Axios, Beyond Search, Wall Street Journal, NBC News, Yahoo Finance, Engadget, Washington Times, Protocol, CNET, 9News, Gizmodo Australia, The Wrap and Nieman Lab, more at Techmeme »
Theodore Schleifer / Vox:
Sources: the founder of Acronym, which backs Courier Newsroom, wants to raise $65M to push progressive local news and match the dominance of conservative media — It's called the Project for Good Information, and it raises big questions about the future of the information wars.
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@pareene, @teddyschleifer, @alexsalvinews, @annalecta, @caseyjohnston, @maustermuhle, @teddyschleifer, @andrewfeinberg, @upine, @hamiltonnolan, @n_dee_eigh, @brgooley2, @voxdotcom, @mattcorridoni, @andybarr34, @pareene, @jackmjenkins, @teddyschleifer, @marklittlenews, @edzitron, @veryimportant, @waywardwinifred, @tmavuram, @n_dee_eigh, @brooklynmarie, @bostonjoan, @edburmila, @teddyschleifer, @daveweigel and @davidsirota
Hirsh Chitkara / Protocol:
Inside Chess.com's streaming success, with Twitch users watching 18.3M hours of chess content in January, nearly as much as they consumed throughout all of 2019 — There's something inherently perverse in calling chess “open source.” It's a bit like saying France “pivoted” …
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@simoncarless, @timgrieve, @jordannovet, @nabeel, @vxel, @chesscom, @chessprof, @karynelevy and @mcwm, more at Techmeme »
Todd Spangler / Variety:
YouTube to roll out a “supervised” account option in beta in the coming months in more than 80 countries, aimed at kids that are too old for YouTube Kids — YouTube is launching a PG version of the internet's biggest video service. — A new “supervised” YouTube account option …
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YouTube Official Blog, TechCrunch and CNET
Reuters:
Thomson Reuters will invest $500M to $600M over two years in AI, and aims to cut annual expenses by $600M as it transitions into “a content-driven tech company” — NEW YORK (Reuters) - Thomson Reuters Corp will streamline technology, close offices and rely more on machines …
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Talking Biz News
The Guardian:
Guardian launches a project focused on human rights abuses, becoming the first global media organization with a dedicated human rights reporting team — GNM press office — Today the Guardian and the Observer launched Rights and Freedom, a two-year reporting project focused on investigating …
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@hancock_steph, @lauraagustin and @taradermott, Thanks:@sdp
Rebecca Davis / Variety:
China issues new regulations requiring bloggers, influencers, and creators to possess a government-issued credential to publish anything on a host of topics — China has this week imposed its tightest restrictions to date on the publication of original content online via short video and …
Discussion:
@capucine_cousin and @hyzaidi
Alex Sherman / CNBC:
Sources: AT&T is nearing a deal to sell a minority stake in DirecTV, AT&T TV Now, and U-Verse to private-equity firm TPG, valuing the businesses around $15B — - AT&T is nearing a deal with TPG to sell a substantial minority stake in DirecTV, U-verse and AT&T TV.
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@ourand_sbj, Insider, Gizmodo, Light Reading, FierceVideo, nexttv.com, Bloomberg and Cord Cutters News
Mathieu Rosemain / Reuters:
Sources: a 93-page report from French antitrust investigators says Google breached government orders on how to negotiate with news publishers over copyright — PARIS (Reuters) - French antitrust investigators have accused Alphabet Inc's Google of failing to comply with the state competition …
Discussion:
@jeffjarvis and @mathewi, more at Techmeme »
Todd Spangler / Variety:
Snap says it expects 50%+ revenue growth YoY over the next several years and that Snapchat Stories has become its largest revenue stream; stock up 11% — On the upbeat forecast, Snap shares popped 11% for the day Tuesday, with the stock closing at an all-time high of $70.45 per share.
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Vulture, StockHailer's Newsletter, AdExchanger, @xpangler, Los Angeles Times and Vox, more at Techmeme »
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