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12:15 PM ET, April 19, 2018

Mediagazer

 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 …
RELATED:
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 …
RELATED:
Facebook:
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.
RELATED:
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
CNNMoney:
In Ireland, Facebook rolls out a new tool that gives users more information about creators of sponsored posts and political ads ahead of abortion referendum  —  Zuckerberg wants you to remember Facebook started in his dorm  —  Facebook says it has learned the lessons of Russian meddling in the 2016 election.
Discussion: The Irish Times and BBC
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.
CNNMoney:
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 …
Sarah Perez / TechCrunch:
Sports-focused streaming service fuboTV raises $75M Series D with AMC Networks as a new investor and 21st Century Fox, Sky, and more participating  —  Days after Disney-owned ESPN launched its new streaming service, ESPN+, a three-year old streaming TV service for sports fans, fuboTV …
 
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 Earlier Picks: 
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
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
Discussion: bookforum.com