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10:40 AM ET, April 19, 2018


 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 …
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  —  The tabloid news company American Media Inc. agreed to let a former Playboy model out of a contract that had kept her from talking freely …
David Ingram / Reuters:
Facebook says it will change ToS in May for 1.5B users outside EU; US, Canada to be governed by US 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 …
Ahead of GDPR, Facebook debuts enhanced privacy controls for all users globally, starting in EU, with more choices about ads, allowing face recognition, more
Jaclyn Peiser / New York Times:
Harper's Magazine Editor James Marcus says he was fired after a story by Katie Roiphe was assigned over his objections; he says he refused severance tied to NDA  —  James Marcus wants the world to know that he was fired from his job as the editor of Harper's Magazine.
David Sims / The Atlantic:   The standoff between Netflix and the Cannes Film Festival reflects disagreement that will be hard to resolve over the importance of theatrical movie experiences
Matthew Garrahan / Financial Times:
Sources: Netflix plans to spend ~$1B on original productions in Europe this year, more than double what it spent last year, across multiple languages
Ashley Gurbal Kritzer / Tampa Bay Business Journal:
The Tampa Bay Times is cutting about 50 jobs across departments; spokeswoman says the cuts are a direct response to rising costs from newsprint tariffs  —  The Tampa Bay Times is cutting “approximately” 50 jobs after new tariffs sent the price of newsprint skyrocketing.
Joe Pompeo / Vanity Fair:
Source: Meredith rejected a $300M+ offer for Time, Fortune, Money, SI from AMI; interest in the outlets is from wealthy individuals with non-media backgrounds  —  Meredith is entertaining offers for Time Inc.'s old crown jewels, to be sold together or separately—but Donald Trump's favorite publisher is not in the running.
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  —  Why the AT&T-Time Warner trial matters  —  Time Warner CEO Jeff Bewkes made the case for his company to be acquired by AT&T …
Eugene Kim / CNBC:
Jeff Bezos says Prime has 100M+ members worldwide, sharing for the first time Prime membership numbers via his annual shareholder letter  —  Amazon CEO Jeff Bezos has released his latest annual shareholder letter.  —  In the letter, Bezos stressed the importance of having higher standards in running a business.
Anthony Ha / TechCrunch:
Ad-blocking browser Brave and Dow Jones partner to give free access to or a premium newsletter and to test blockchain-based tech to pay publishers  —  It looks like at least one major news publisher is on-board with Brave, the ad-blocking web browser founded by former Mozilla CEO Brendan Eich.
Discussion: CNET and Basic Attention Token
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 More News: 
Bryan Curtis / The Ringer:
A look at The Denver Post's gilded age of sports coverage in the 1980s, as longtime columnists and reporters mourn its decline and some defect to The Athletic
 Earlier Picks: 
Claire L. Evans / New York Magazine:
Profile of Jaime Levy, the cyber punk publishing pioneer who created two of the most popular magazines of the 1990s, Cyber Rag and Electronic Hollywood