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9:20 AM ET, May 24, 2016


 Top News: 
Colin Stretch / Facebook Newsroom:
Facebook responds to GOP Sen. Thune on Trending Topics, says investigation found no systematic bias, cannot rule out unintentional bias, plans improvements  —  Last week we met with Chairman of the U.S. Senate Commerce Committee John Thune to describe our investigation in response …
Thomas C. Rubin / Slate:
Facebook's Trending Topics Are None of the Senate's Business  —  What is Sen. John Thune doing trying to conduct oversight over the First Amendment?  —  When the story broke earlier this month that Facebook might be manipulating its “trending” news section to suppress conservative news, the reaction was quick and predictable.
Discussion: Fortune
Harrison Weber / VentureBeat:
Facebook buys VR audio company Two Big Ears and debuts “Facebook 360 Spatial Workstation”, a free software suite for designing spatial audio  —  Today Facebook announced it's acquired Two Big Ears, a spatial audio technology company, for an undisclosed sum.
Salon CEO Cindy Jeffers is leaving, will be replaced by media executive Jordan Hoffner  —  Salon CEO Cindy Jeffers is leaving the company, POLITICO has learned.  —  She is being replaced as CEO by veteran media executive Jordan Hoffner, who worked at NBC and Google before founding the investment firm TCP Advisors.
Discussion: FishbowlNY
Antoine Gara / Forbes:
New investor and biotech billionaire Patrick Soon-Shiong licenses 100+ “machine vision” and AI patents to Tribune Publishing and gives access to studio space
Andrew Ross Sorkin / New York Times:
Nick Denton speculates that Silicon Valley funding is behind Hulk Hogan lawsuit and two new cases against Gawker  —  At first, Nick Denton, the founder of Gawker Media, thought it an unlikely conspiracy theory.  —  Now, he's starting to believe it himself.
Todd Spangler / Variety:
Starting in September, Netflix will be exclusive US pay TV home for new releases from Disney, Marvel, Lucasfilm, and Pixar  —  Netflix's exclusive deal with Disney for pay-TV window rights to the Mouse House's movie titles in the U.S. will commence in September.
Erik Wemple / Washington Post:
Washington Post management disputes methodology of NewsGuild study of the Post that found white male reporters out-earn others by average of 20%  —  One of the findings in a just-released salary analysis by the Washington-Baltimore NewsGuild could lift an eyebrow or two in journalistic circles …
Josh Constine / TechCrunch:
Facebook's Continuous Live Video removes 90 min. limit on streams, but does not allow for replay or rewind, lets broadcasters target viewers by location and age  —  Live mobile video is evolving beyond selfie-stream rants and citizen journalism.  Facebook will now allow non-stop …
Chris O'Shea / FishbowlNY:
Ciel Hunter Named Vice's Head of Content  —  Vice Media has promoted Ciel Hunter to head of content.  She most recently served as executive creative director.  Hunter has been with Vice for 11 years.  —  “She is a perfect example of what makes us unique,” said Vice CEO and founder Shane Smith, in a statement.
Steven Perlberg / Wall Street Journal:
Swedish podcast app and ad network Acast launches paid subscription service, splitting revenue with creators  —  Swedish company Acast launches paid subscription option  —  Podcast listeners have become accustomed to the advertising that many of their favorite shows depend on …
Discussion: Nieman Lab, @robenfarzad and Fortune
Lucas Shaw / Bloomberg:
Networks are trying to lure audiences back from streaming services like Netflix by offering viewers on-demand access to current shows  —  Putting episodes on VOD after they air keeps fans engaged  —  With live viewership of most U.S. TV channels in decline, the most-watched networks …
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 More News: 
Catalina Albeanu /
How the BBC used Yik Yak to get young people to talk politics and mental health
Tim Ingham / Music Business Worldwide:
Filing shows in 2015 Spotify had $2.18B in revenue, losses of $194M, and 98% year-over-year ad revenue increase to $219M
 Earlier Picks: 
Chris O'Shea / FishbowlNY:
Wenner Media launches digital-first only brand, gaming site Glixel; will soon be added to Rolling Stone site's culture vertical
Discussion: @pkafka
Chris Roush / Talking Biz News:
Dayan Candappa named global editor-in-chief of International Business Times
National Union of Journalists:
NUJ: Vice's UK management try to form staff councils to dilute support for unionising
Discussion: Guardian