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1:05 PM ET, January 21, 2016


 Top News: 
Barry Wilner / Associated Press:
Facebook launches Sports Stadium, a hub for American football now, other sports soon, offers real-time chats, stats, media commentary, more  —  Facebook's Sports Product to Launch During NFL Championships  —  There's a new stadium in town.  Actually, in every town.  —  It's on Facebook.
He Huifeng / South China Morning Post:
Weibo to expand its 140-Chinese-character limit on messages up to 2K, trial starts January 28, rolling out to all 500M users on February 28  —  China's Weibo follows Twitter in controversial move to ditch 140-character limit, says users can soon waffle on for up to 2,000  —  Main menu
Leaked 500 page draft report into Jimmy Savile scandal criticizes “deferential culture”, “untouchable stars”, and “above the law” managers at BBC  —  Jimmy Savile: Janet Smith's damning review leaked to Exaro  —  BBC's ‘deferential culture’, ‘untouchable’ stars and ‘above the law’ managers blamed
Alistair Barr / Wall Street Journal:
Google disabled more than 780M ads in 2015 for violating policies including ads for unapproved drugs, misleading weight-loss claims, and “trick to click” ads  —  Google Disabled 49% More Ads in 2015  —  Google disabled 49% more ads in 2015 than the prior year …
Kelly Liyakasa / AdExchanger:
Google rolling out “Real-time ads”, pre-planned ads that appear at specific times, first for select brands, then more broadly later this year  —  Google Debuts ‘Real-Time Ads’ To Drive Live Engagement  —  Google sounds more and more like Twitter, heralding ways marketers can tap into live events for engagement.
Peter Sterne / Politico:
Judge recommends mediation in Gawker-Hulk Hogan trial  —  The state court judge overseeing professional wrestler Hulk Hogan's $100 million lawsuit against Gawker Media has recommended that the parties seek mediation rather than a trial, according to court documents.
Ravi Somaiya / New York Times:
Gawker to sell minority stake to Columbus Nova Tech Partners, pending shareholder approval, to fund video and e-commerce growth, lawsuit defense
Henry Mance / Financial Times:
Pearson unveils £320M restructuring plan that includes 4,000 job cuts, and caps dividend due to weak earnings  —  Pearson to cut 4,000 jobs as it warns on profits  —  Pearson has unveiled a £320m restructuring plan that will cut one-tenth of its workforce …
Kurt Wagner / Re/code:
News Corp denies rumors stemming from CNBC segment that it's interested in buying Twitter  —  Twitter's Stock Surged, Then Slipped on Takeover Speculation  —  Twitter's stock received a healthy boost Wednesday afternoon thanks to market speculation that the media giant News Corp may be interested …
Associated Press:
Viacom cuts Sumner Redstone's salary by 85% to $2M amid questions about his health and competence  —  Viacom slashes exec pay amid lawsuit over Redstone's health  —  LOS ANGELES (AP) — Viacom Inc. on Wednesday pre-released details about executive pay that show an 85 percent drop in compensation …
Mike Farrell / Multichannel News:
Activist shareholder SpringOwl releases 99-page report calling for Viacom chairman and management team ouster
Discussion: Broadcasting & Cable
Ken Doctor / Politico:
Axel Springer to launch mobile aggregator Upday in mid-March on new Samsung Galaxy S, Note and tablets in Germany, France, UK, and Poland  —  Upday Ups the Ante on Mobile News Aggregation  —  BERLIN—Peter Wuertenberger worked as Managing Director of Yahoo Germany back in the late' 90s …
Jordan Valinsky / Digiday:
The New York Times launches Modern Love podcast with 48 episodes planned, essays read by celebrities  —  Why The New York Times finds podcasting to be a ‘natural fit’ for its Modern Love column  —  The “Modern Love” column, arguably the Internet's favorite New York Times thing to fight …
Carl Swanson / New York Magazine:
Sources: Leon Wieseltier and Steve Jobs' widow Laurene Powell Jobs teaming up for as-yet-unnamed journal  —  Leon Wieseltier Is Not Buying The New Republic — But He Is Teaming Up With Steve Jobs's Widow to Start a New Publication  —  It will be a journal focusing on how technology affects our lives.
Discussion: @mlcalderone and @yair_rosenberg
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 More News: 
Jasper Jackson / Guardian:
The Sun drops standalone politics site
Discussion: Guido Fawkes
Shannon Bond / Financial Times:
Panoply launches Megaphone, offering podcasters hosting, distribution measurement and ad placement
Discussion: Ad Age
Benjamin Mullin / Poynter:
Hearken, which sells software that helps journalists identify which stories their audience wants, raises $700K
Discussion: @wearehearken
 Earlier Picks: 
Richard Tofel:
Print newspaper circulation numbers for weekdays fell dramatically between 2013 and 2015