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9:35 PM ET, October 27, 2016

Mediagazer

 Top News: 
Vine:
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.
RELATED:
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.
Matthew Lynley / TechCrunch:
Twitter reports Q3 2016 revenue of $616M, beating expectations of $606M, as MAUs increase to 317M from 313M last quarter  —  With Twitter's acquisition hopes essentially dead, the company now seems it's on its own to fend for itself and needs to figure out a way to build a reasonable and profitable business.
Charlie Warzel / BuzzFeed:
Plan to shut down Vine suggests Twitter finally recognizes itself as a news service, focusing on live, current events  —  Welcome to the relevant, indispensable (but maybe kind of joyless) new Twitter.  —  On Thursday morning, Twitter announced it is closing down Vine …
Bloomberg:
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.
Bloomberg:
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.
RELATED:
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  —  In deal on table, Los Angeles Times would be jointly owned by Gannett and Dr. Patrick Soon-Shiong  —  On Wednesday afternoon it looked …
Michael O'Connell / Hollywood Reporter:
Q&A with CNN Worldwide president Jeff Zucker, on Trump TV, competing with Fox News, post-election strategies, Corey Lewandowski, and more  —  Less than two weeks shy of the election, Zucker speaks with THR about his network's winning strategy, narrowing the Fox News gap …
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.
Craig Silverman / BuzzFeed:
Researchers doubt Facebook's algorithm-driven approach to Trending topics can stop fake news, viral lies, and hoaxes amid international expansion  —  The Trending product has repeatedly promoted false news, and experts say it may get worse as the company scales Trending internationally.
 
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 More News: 
Dave McKenna / Deadspin:
Profile of Jennifer Frey, a fast-rising sports journalism star in the '90s who died at age 47 because of alcoholism
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
 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
Joe Flint / Wall Street Journal:
Sources: Megyn Kelly seeks $20M for next Fox contract; Rupert Murdoch said he hopes to get contract signed soon and also wants to renew Bill O'Reilly's contract