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6:05 AM ET, September 29, 2016


 Top News: 
Press Gazette:NEW!
DMGT to cut 400 jobs, close offices in London, New York amid pressure on print advertising  —  The owner of the Daily Mail and The Mail on Sunday is axing 400 jobs as it battles against plunging advertising sales.  —  Daily Mail and General Trust (DMGT) said the staff cuts were being made group-wide …
Discussion: Business Insider and Guardian
Sources: National Amusements could call for CBS, Viacom to explore merger this week, asking them to form independent board committees to consider options  —  Sumner Redstone's National Amusements Inc (NAI), the controlling shareholder of CBS Corp (CBS.N) and Viacom Inc (VIAB.O) …
Wall Street Journal:
Time Warner, Viacom Reported to Be Bidding for Argentine TV Broadcaster Telefe  —  Deal could be worth as much as $400 million, sources say  —  Time Warner Inc. and Viacom Inc. are among bidders circling Telefónica SA 's Argentine television broadcaster Telefe for a potential acquisition …
Discussion: Variety
Yuji Nakamura / Bloomberg:
Spotify launches in Japan with free ad-supported tier and an ad-free version at $9.70/month  —  Company will offer free service supported by advertising  —  Spotify has more than 40 million paying customers globally  —  Spotify Ltd. is bringing its popular online music service to Japan …
Discussion: MacRumors, Engadget and TechCrunch
Associated Press:
Pittsburgh Tribune-Review to stop Pittsburgh print edition on November 30, laying off 106  —  PITTSBURGH (AP) — The Pittsburgh Tribune-Review newspaper plans to stop its print edition Nov. 30 and offer an online-only publication in a reorganization that will also require 106 layoffs, its publisher announced Wednesday.
Peter Kafka / Recode:
YouTube hires Lyor Cohen as Global Head of Music; Cohen helped build Def Jam label, ran Warner Music, and founded 300 Entertainment in which Google invested $5M  —  He's going to hold on to his 300 label, which Google backed three years ago.  —  Apple Music has Jimmy and Dre.  Spotify has Troy.
Oliver Darcy / Business Insider:
Despite network-wide memo saying unscientific online polls do not meet Fox News' editorial standards, Hannity, others cited them as evidence Trump won debate  —  A Fox News executive sent a memo to television producers and the politics team on Tuesday afternoon reminding employees …
Jon Lafayette / Broadcasting & Cable:
YouTube says it had nearly 2M concurrent viewers for Monday night's presidential debate, making it one of the most watched live streams of all time  —  Record turnout for a live streaming political event  —  YouTube says it has nearly 2 million live concurrent viewers during Monday night's …
Discussion: Mediaite and Forbes
Brian Stelter / CNNMoney:
Nielsen: presidential debate drew a total of 84M viewers across 13 traditional TV channels; streaming alternatives not included in count
Financial Times:
Sources: Spotify is in advanced talks to acquire SoundCloud after its two earlier attempts proved unsuccessful  —  Spotify, the music streaming service, is in advanced talks to acquire SoundCloud, as competition heats up with Apple for the future of digital music, said people briefed on the discussions.
Jordan Novet / VentureBeat:
Twitter rolls out the ability to create and curate Moments for all users via the web app, coming soon to mobile  —  Twitter Moments — those collections of tweets about certain subjects, often the ones that are in the news and are being discussed by lots of users — now make a lot more sense.
Brian Steinberg / Variety:
Andrea Tantaros' attorney says she has turned down seven-figure settlement from Fox and will continue to press ahead with her case against the network  —  The attorney for former Fox News Channel personality Andrea Tantaros said Wednesday the host had turned down a settlement offer in the …
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 More News: 
Lara O'Reilly / Business Insider:
News Corp. invests $10M in ad tech company AppNexus, as part of $31M round, with involvement from Yahoo Japan and existing investors
Alan Prendergast / Denver Westword:
How Alden Global Capital is harvesting the cash from The Denver Post, which has lost a third of its staff since June 2015
 Earlier Picks: 
Jake Kanter / Business Insider:
The inside story of the uneasy relationship UK Labour Party leader Jeremy Corbyn has with the mainstream media
Discussion: @jake_kanter