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5:50 AM ET, October 27, 2021

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 Top News: 
Charlie Warzel / Galaxy Brain:
Sources say Facebook Papers have no sharing restrictions, so media outlets should model transparency and make them publicly accessible  —  OK, STRAP IN, NERDS:  —  Charlie Warzel @cwarzel  —  legitimately don't know how to consume this much facebook news  —  October 25th 2021  —  32 Retweets397 Likes
Makena Kelly / The Verge:
Biden names Jessica Rosenworcel to officially lead the FCC, nominates Gigi Sohn as third Democratic commissioner, but it's unclear if Senate will confirm soon  —  And progressive Gigi Sohn as a third Democratic commissioner  —  President Joe Biden named acting Federal Communications …
Sara Fischer / Axios:
Good Information Inc., funded by Reid Hoffman and others, launches to invest in media companies that tackle misinformation  —  A new public benefit corporation backed by billionaires Reid Hoffman, George Soros, and others is launching Tuesday to fund new media companies and efforts that tackle disinformation.
Sarah Ellison / Washington Post:
Stewart Bainum's Baltimore Banner will be led by LAT's Kimi Yoshino, with a $15M budget for its first year and plans to hire roughly 50 reporters  —  The Maryland hotel magnate tried but failed to buy the Baltimore Sun.  Now he's trying to demonstrate a new business model for local news.
Tarpley Hitt / Gawker:
Sources: images in thousands of BuzzFeed posts were taken down in 2020 to ward off copyright claims; staffers can restore images if they're credited or licensed  —  In 2013, BuzzFeed ran a story about Bradley Cooper wearing a knit beanie so large it hid his entire hairline and fell down his neck …
Sarah Scire / Nieman Lab:
Q&A with Samantha Melbourneweaver, head of LAT's audience team, on the growing importance of such teams within newsrooms, plans for a “meme team”, and more  —  The Los Angeles Times announced a major expansion of its audience team earlier this month, saying they'll add …
New York Times:
Netflix will bid for a 289-acre chunk of former US Army post Fort Monmouth in NJ, to create its second-largest production complex, behind ABQ Studios in NM  —  The streaming service said it would bid for a nearly 300-acre chunk of Fort Monmouth and it has the support of Gov. Phil Murphy.
Stephanie Condon / ZDNet:
Facebook says Q3 ad revenue grew 33% YoY to $28.28B but warns of “continued headwinds” in Q4 due to Apple's ATT changes in iOS  —  The social media giant also expects its “metaverse” investments will reduce operating profits by $10B for FY 2021, as it begins breaking out Facebook Reality Labs as its own business segment
Brian Steinberg / Variety:
YouTube TV adds Fox Nation as an optional add-on for $5.99/month, offering primetime opinion shows a day after they air on Fox News and more  —  Fox Nation, the subscription-based streaming service from Fox News Media, has debuted as an optional add-on on YouTube TV, a sign …
 
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 Featured Newsletter: 
The Media Roundup:
Building resilient newsrooms at Newsrewired  —  In this issue, we bring you reporting from the Newsrewired conference, why The Atlantic's new book arm is a win-win, six retention tips, and why podcast ad buyers are resisting longer slots.
 
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 More News: 
Mónica Marie Zorrilla / Variety:
UCLA Hollywood Diversity study: in 2019-2020, women almost reached parity with men in casts and writers' rooms; Latinx still underrepresented across the board
Conor Clark / Gay Times:
BBC faces backlash for an article by staffer Caroline Lowbridge, partly based on a small social media survey, with critics calling the story transphobic
@novaramedia:
YouTube reinstates UK left-wing news outlet Novara Media's channel after deleting it without warning
 Earlier Picks: 
Ashley Carman / The Verge:
Internal presentation details Amazon's “Project Mic”, a live audio app that lets users host radio shows, complete with music, focused on the US initially
Todd Spangler / Variety:
Cameo makes its first acquisition, buying Represent, which develops and operates direct-to-fan ecommerce sites for celeb clients like Leonardo DiCaprio