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6:15 AM ET, October 28, 2016


 Top News: 
Twitter says it is discontinuing the Vine mobile app “in the coming months”  —  Since 2013, millions of people have turned to Vine to laugh at loops and see creativity unfold.  Today, we are sharing the news that in the coming months we'll be discontinuing the mobile app.
Todd Spangler / Variety:
Vine stars mourn the closing of the app that helped launch their careers, though they've shifted focus to other platforms like YouTube and Instagram  —  Twitter is shutting down Vine, its six-second video app, and the unexpected move touched off a wave of anger, bemusement and sadness among the platform's biggest creators.
Charlie Warzel / BuzzFeed:
Plan to shut down Vine suggests Twitter finally recognizes itself as a news service, focusing on live, current events
Sources: banks financing Gannett potential takeover of Tronc have backed out, putting merger in doubt  —  Banks financing Gannett's potential takeover of Tronc have backed out, according to people familiar with the matter, putting a merger of the newspaper companies in doubt, Bloomberg News reports.
Ken Doctor / Politico:
Sources: Gannett's billion-dollar deal to buy Tronc is put on hold, likely because of ongoing negotiations over a joint-ownership plan for the LA Times
James Vincent / The Verge:
Apple announces TV app for Apple TV and iOS, coming in December, that will act as a hub for accessing shows, movies, live events from across different services  —  One app to rule them all  —  Apple may not be building its own TV, but it at least has its own TV guide.  Sort of.
Source: the idea for Trump TV began as a threat Jared Kushner issued to Roger Ailes when Trump's circle was unhappy with the tenor of Fox News' coverage  —  Win or lose, the Republican candidate and his inner circle have built a direct marketing operation that could power a TV network—or finish off the GOP.
Randall Stross / New York Times:
Larry Page or another civic-minded billionaire should buy Twitter, which serves as the highest-circulation short-form “newspaper” on earth  —  SAN JOSE, Calif. — Twitter is a communications marvel, with 317 million active users who instantaneously convey a collective reaction to news.
Matthew Lynley / TechCrunch:
Twitter reports Q3 2016 revenue of $616M, beating expectations of $606M, as MAUs increase to 317M from 313M last quarter
Jacob Kastrenakes / The Verge:
FCC approves privacy rules requiring ISPs get customer permission before sharing sensitive data like location, financial information, and browsing history  —  New privacy rules require opting-in to sensitive sharing  —  In a win for privacy advocates, the FCC voted this morning to place …
Lauren Hirsch / Reuters:
Sources: Hollywood executives Jeff Sagansky and Harry Sloan are in advanced talks to buy Playboy through Double Eagle Acquisition Corp, launched last year  —  Hollywood executives Jeff Sagansky and Harry Sloan are in advanced talks to acquire magazine publishing company Playboy Enterprises Inc …
Christine Wang / CNBC:
Amazon reports Q3 2016 revenue of $32.71B, meeting expectations, but $0.52 EPS is below $0.78 expected; stock drops 5% after hours  —  Amazon posted third-quarter earnings per share of 52 cents on revenue of $32.71 billion on Thursday.  —  Analysts expected the online retail giant …
Joe Pompeo / Politico:25 minutes ago
Lacey Donohue, deputy executive editor of Gizmodo Media Group, is leaving next month to take an editorial role at Hulu  —  ‘TRUMP TV’ WAS KUSHNER'S THREAT TO ROGER AILES — That's a juicy tidbit from Bloomberg Businessweek's latest cover story, “Inside the Trump Bunker,” out this morning …
Discussion: FishbowlNY and Wall Street Journal
Dave McKenna / Deadspin:
Profile of Jennifer Frey, a fast-rising sports journalism star in the '90s who died at age 47 because of alcoholism  —  Jennifer Frey drank herself to death.  —  Frey's obituary in the Washington Post, her last full-time employer, merely gave “multiple organ failure” as the cause of her March 26 death.
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 More News: 
Wall Street Journal:
Male-focused UK media companies Unilad and the Lad Bible, two of the biggest players in online video, are planning US expansions for 2017
Ricardo Bilton / Nieman Lab:
Women's interest site Bustle open sources Mobiledoc, a tool that helps publishers port content to other platforms like Apple News, AMP, Instant Articles
Discussion: @niemanlab
Craig Silverman / BuzzFeed:
Researchers doubt Facebook's algorithm-driven approach to Trending topics can stop fake news, viral lies, and hoaxes amid international expansion
 Earlier Picks: 
Alex Spence / Politico:
The Guardian had £48M in negative cash flow in the last six months; a source says it needs to cut costs by more than 60% to survive on digital revenues
Freddy Mayhew / Press Gazette:
Sun crime reporter Anthony France has had his Elveden conviction quashed by Court of Appeals