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12:15 PM ET, February 26, 2018

Mediagazer

 Top News: 
Hollywood Reporter:
Weinstein Co. board of directors says in letter to bidders Maria Contreras-Sweet and Ron Burkle that they will pursue bankruptcy as talks for a sale break down  —  Maria Contreras-Sweet and Ron Burkle were part of a bid to buy the embattled company.  —  The Weinstein Co. board of directors …
Wall Street Journal:
Sources: the probe into Newsweek from Manhattan's District Attorney office is also considering whether or not the company defrauded advertisers  —  A widening probe into possible fraud at Newsweek has sent the storied media brand into crisis  —  Two years ago, a loan application …
Discussion: iMediaEthics
RELATED:
Will Oremus / Slate:
Current and former Newsweek staff on how an editorial strategy prioritizing clicks amid IBT Media's troubles led to firings and embarrassing editorial missteps  —  It stands accused of improper ties to a religious institution.  Its newsroom has been gutted by firings and resignations.
Brian Steinberg / Variety:
CBS is launching CBS Sports HQ, a free 24-hour streaming service dedicated to sports coverage  —  CBS is taking another swing at the streaming-video sector with the launch of a free 24-hour digital sports-news outlet known as CBS Sports HQ.  —  Executives said the service will feature live news …
Lloyd Grove / The Daily Beast:
A new book by Ryan Holiday alleges Peter Thiel considered bribery, theft, bugging, and hacking as part of his quest to destroy Gawker  —  Silicon Valley billionaire Peter Thiel—who secretly schemed to annihilate Gawker Media, a goal he achieved in August 2016, and to force its founder …
Bloomberg:
Democratic Senator Amy Klobuchar says Facebook and Twitter should be fined if they don't remove automated bots or accounts trying to influence US public opinion  —  Klobuchar thinks social media must invest more on prevention  —  Democrat sponsoring bill requiring social media ad disclosure
Margaret Sullivan / Washington Post:
Unwilling to attack grieving students, the NRA turns to Trump's playbook, attacking the news media with claim that media “love mass shootings”  —  One of the more outrageous assertions in a week overrun with them was Dana Loesch's outright lie that journalists relish massacres of children.
RELATED:
Mark Sweney / The Guardian:
Time Inc UK - parent company of magazines like NME and Marie Claire - sold to private equity firm Epiris in deal thought to be worth ~£130M  —  Epiris expected to sell underperforming titles and cut 1,700-strong workforce … The UK publisher of titles including Marie Claire …
Amanda Meade / The Guardian:
A number of Australian media companies, including News Corp Australia, are seeking to intervene in a damages case involving Hollywood star Rebel Wilson  —  News Corp Australia, Fairfax Media, Macquarie Media, the ABC and the Seven and Nine networks line up with publisher Bauer
Kieran Delamont / The Outline:
A look at the evolution of marijuana journalism as it moves away from activism and gimmicks toward the kind of lifestyle coverage reserved for food and wine  —  Surveying the past, present, and future of marijuana journalism.  —  “The caramel-chocolate flavored candy bar looked so innocent …
Julia Alexander / Polygon:
Due to vague YouTube guidelines and unpredictable demonetization actions some YouTube creators promote the Brave browser, where users can tip via Brave Payments  —  Cryptocurrency hits YouTube  —  It's a scary time for YouTubers: YouTube's community guidelines are changing seemingly on the fly …
Sahil Patel / Digiday:
NBC Sports and Refinery29 partner for a yearlong editorial and marketing Instagram project telling stories about women in sports called On Her Turf  —  NBC Sports and Refinery29 are embarking on a yearlong social editorial and marketing partnership focused on telling stories about female athletes and other women in sports.
Discussion: @digiday
 
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 More News: 
Alexandra Bruell / Wall Street Journal:
Facebook says it will drop 20, or 10%, of its metrics for advertisers that were redundant or outdated, will label metrics not derived directly as “estimated”
Jon Allsop / Columbia Journalism Review:
The Bay Journal, which covers Chesapeake Bay environmental issues, is suing the EPA, alleging the EPA cut the outlet's funding because of its coverage
Max Willens / Digiday:
Media outlets' partnerships with Scroll, Invisibly, and Brave signal return of micropayments as solution to ad-blocking, poor user experience, low revenue
 Earlier Picks: 
Daniel Funke / Poynter:
Study: number of fact-checking projects up 3x over the last four years, with 149 projects in 53 countries; funding comes from membership, donations, syndication
Discussion: @raju
Timothy Cama / The Hill:
Judge dismisses coal baron Bob Murray's defamation suit against John Oliver and HBO, which was filed in response to a Last Week Tonight segment criticizing him
 

 
From Techmeme:

Financial Times:
The US Commerce Department issues guidance stating that “using Huawei Ascend chips anywhere in the world violates US export controls” as they likely use US tech

Bloomberg:
Sony reports Q4 revenue down 24% YoY to ~$17.7B, PlayStation 5 units sold in FY 24 down 11% YoY to 18.5M, and expects a ~$700M impact from US tariffs in FY 25

Steven Levy / Wired:
A look at Brian Chesky's efforts to turn Airbnb into a storefront for real-world services, after its “experiences” experiment started in 2016 was unsuccessful
 
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