Top News:
Josh Gerstein / Politico:
Michael Cohen drops libel lawsuits against BuzzFeed and Fusion GPS over publication of Steele dossier, which alleges he met with Russian operatives for Trump — Embattled attorney Michael Cohen has dropped a pair of much-touted libel suits against BuzzFeed and the private investigation firm Fusion GPS …
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Jim Rutenberg / New York Times:
Model Karen McDougal settles lawsuit against American Media, giving her right to discuss alleged affair with Trump and allowing AMI to avoid pretrial discovery
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CNNMoney:
In court, AT&T CEO Randall Stephenson says Time Warner deal would help AT&T keep up with tech giants, sending content directly to viewers and improving ad sales — Why the AT&T-Time Warner trial matters — After weeks of testimony from economists, survey experts and rival executives …
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Variety, @hadas_gold, Multichannel News, @b_fung, @hadas_gold, New York Times, @dallasnews, Axios, Variety, Dallas Morning News, Wall Street Journal, CNBC and Los Angeles Times
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CNNMoney:
Time Warner CEO Jeff Bewkes testifies in antitrust trial that his company needs to merge with AT&T to better compete for ads with Google, Facebook, and Amazon
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FierceCable, Multichannel News, CNBC, Variety, Bloomberg, Reuters, Los Angeles Times, Deadline, @hadas_gold, @hadas_gold and Axios
CNNMoney:
Investigation: 300+ organizations' ads ran on extremist YouTube channels despite many advertisers saying they use YouTube's sensitive subject exclusion filter — Advocates say YouTube is collecting kids' data — Ads from over 300 companies and organizations — including tech giants …
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MarketWatch, Mediaite, @derekwillis, The Hill, Fortune, @donie, @donie and @gelles, more at Techmeme »
Sarah Perez / TechCrunch:
Cheddar and Hulu make a deal to bring Cheddar's live linear content to Hulu Live TV, with daily news briefs and other content coming to Hulu on-demand — Cheddar isn't done making deals with the over-the-top streaming TV providers. Only yesterday, news came out that Cheddar was the first digital …
Tony Maglio / The Wrap:15 minutes ago
SEC filing on Murdoch earnings from Disney-21st Century Fox deal: Rupert Murdoch, $66.7M; Lachlan Murdoch, $69.1M; and James Murdoch, $70.6M — The Murdochs have a lot of money, and once Disney's $52.4 billion acquisition of the bulk of 21st Century Fox goes through, Fox's top executives …
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Variety, Business Insider, Deadline and Wall Street Journal
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Alexandra Bruell / Wall Street Journal:
NBCU joins Fox, Viacom, and Turner in OpenAP consortium with a buy-in that costs $10M, sources say; OpenAP standardizes categories ad buyers can purchase — OpenAP membership can cost up to $10 million over five years — Comcast Corp.'s NBCUniversal has been reluctant to support OpenAP …
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Broadcasting & Cable, MediaPost, FierceCable, Radio & Television …, @awolk, @alexbruell, Adweek, AdExchanger and Ad Age
Ryan Faughnder / Los Angeles Times:
Sources: Netflix has considered buying movie theaters in New York and Los Angeles; it decided not to pursue LA-based Landmark Theatres due to high price — Netflix, the global streaming giant that has dramatically changed the TV industry and clashed with movie theater owners …
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The Verge, Variety, @latimes, Gizmodo, /Film, @scottporch, IndieWire, Vanity Fair, The Playlist, @andredoesthings, @scott_tobias, UPROXX and The Atlantic, more at Techmeme »
Pew Research Center:
Pew: 58% in US prefer to protect the freedom to publish rather than letting government restrict false info; 56% favor tech firms restricting false information — But 56% support steps from technology companies, even if it means some limits on publishing and accessing information
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Poynter, @pewresearch, @pewresearch, @michaelbarthel, @pewjournalism, @yeyoza and Pew Research Center, more at Techmeme »
David Ingram / Reuters:
Facebook says it will change T&C in May for 1.5B users outside of Europe to be governed by US ToS instead of Ireland ToS, limiting GDPR impact to 400M users — SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow …
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VentureBeat, CNBC, Recode, Politico, Engadget, TechCrunch, The Daily Caller, Mashable, @felixsalmon, @je5perl, @mikarv, @david_ingram, Gizmodo, The Hill, @markfollman, @profcarroll, @swiftonsecurity and @profcarroll, more at Techmeme »
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Facebook:
Ahead of GDPR, Facebook debuts enhanced privacy controls for all users globally, starting in EU, with more choices about ads, allowing face recognition, more
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ThinkProgress, Variety, The Guardian, East Bay Times, NPR, TechCrunch, Vanity Fair, VICE News, Engadget, Fortune, Wired, The Hill, Fast Company, The Next Web, The Daily Caller, MediaNama, TechCrunch, hypebot, 9to5Google, VentureBeat, Business Insider and Fortune
Jeffrey A. Trachtenberg / Wall Street Journal:
Jen Wong, former Time Inc. president of digital and COO, joins Reddit as COO and will focus on business strategy and growth, both of revenue and users — Wong departed Time Inc. after it was acquired by Meredith Corp. in January — Digital media veteran Jen Wong has been named Reddit's …
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Variety, Upvoted, Recode, Business Insider, @onewong and Mediawire, more at Techmeme »
CNNMoney:
In Ireland, Facebook rolls out a new tool that gives users more information about creators of sponsored posts and political ads ahead of abortion referendum — Zuckerberg wants you to remember Facebook started in his dorm — Facebook says it has learned the lessons of Russian meddling in the 2016 election.
Discussion:
@transparentref, @cnn, The Irish Times and BBC
Sara Jerde / Adweek:
HelloGiggles, bought by Time Inc. in 2015 and now part of Meredith, launches a print version, with a 500K-copy initial run sent to People subscribers age 18-39 — The millennial-focused website launched in 2011 — Readers of HelloGiggles can hold the website's content in their hands …
Discussion:
MediaPost, Folio, @ginainterrupted and @hellogiggles
Todd Spangler / Variety:
MoviePass parent to sell 10.5M shares at $2.75, 28.2% below Wednesday's $3.83 closing price, as auditor has “substantial doubt” about MoviePass' future — Shares of Helios and Matheson Analytics, the majority owner of MoviePass, plummeted more than 40% in early trading Thursday …
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Variety, TechCrunch, Deadline, Engadget, East Bay Times, The A.V. Club and /Film, more at Techmeme »
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