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2:45 PM ET, May 18, 2018

Mediagazer

 Top News: 
Keith J. Kelly / New York Post:
Sources: bidding for Meredith's Time magazine nears $200M, with Fortune and Money together drawing similar bids  —  Selloff activities and employee purges continued at Meredith this week.  —  Sources say Citigroup is lining up management presentations for next week for potential suitors interested …
Discussion: New York Post and Mediawire
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Janelle Irwin / Tampa Bay Business Journal:
Meredith to lay off 621 people starting in July as it closes three former Time customer service operations centers in Florida  —  Meredith Corp. will lay off 621 people from two Tampa offices and one in Ocala beginning this July, according to a federal Worker and Adjustment and Retraining Act letter sent to the state.
Mathew Ingram / Columbia Journalism Review:
Accepting funding from Google and Facebook raises tough questions for media and researchers about influence, conflict of interest, and working with competitors  —  In March, Google announced with much fanfare the launch of the Google News Initiative, a $300 million program aimed at …
RELATED:
Todd Spangler / Variety:
Media outlets plan saturation coverage of the royal wedding: Snapchat is producing a four-part series with TLC, BBC and CNN will stream for free early Saturday  —  The British royal wedding of Prince Harry and Meghan Markle — the first American princess in generations — is a global-zeitgeist event made-to-order for social media.
Nicholas Diakopoulos / Columbia Journalism Review:
As deepfakes rise, journalists with forensic training could act as trusted validators and should codify transparent verification procedures for video and text  —  A few weeks ago BuzzFeed published a video of former President Barack Obama making some decidedly out-of-character quips.
Trey Williams / The Wrap:
CBS board of directors votes to issue dividend that would dilute Redstone family's interest from about 80% to 20% and postpones annual meeting  —  CBS Corporation's board of directors voted on Thursday to dilute controlling shareholder Shari Redstone's interest to 20 percent from roughly 80 percent.
RELATED:
Meg James / Los Angeles Times:
Judge rules in favor of Redstone family's National Amusements, allowing them to keep tight control over CBS ahead of planned board meeting
Discussion: Variety and BloombergQuint
Jonathan Randles / Wall Street Journal:
Judge says he will approve agreement between Thiel and Gawker Media, declines Gizmodo's request to prevent Thiel from funding future lawsuits against it  —  Agreement ends wrangling with the billionaire who funded the Hulk Hogan privacy lawsuit that sent Gawker into bankruptcy
Karl Bode / Techdirt:
Charter is using language from net neutrality repeal in dispute over unfulfilled promises with NY state to claim states have no authority over it in lawsuits  —  While people remain exclusively fixated on the telecom industry's attacks on net neutrality, the reality is companies like Comcast …
 
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 More News: 
Sara Fischer / Axios:
Facebook announces partnership with US-based think tank Atlantic Council aimed at helping deter manipulation of the platform during elections around the world
The GroundTruth Project:
Report for America, a national service program that places journalists into local newsrooms, announces its full 2018 class of 13 journalists
Lisa Richwine / Reuters:
Netflix on track to release 86+ original films in 2018, more than the top four studios combined, says 33 films released this year have been watched 300M+ times
Discussion: @lianabaker
Deadline Detroit:
Reporters and ex-students detail history of inappropriate behavior by Jack Lessenberry, head of Wayne State's comms dept., Toledo writing coach, and MPR analyst
 Earlier Picks: 
Peter Kafka / Recode:
YouTube launching a paid version of YouTube Music next week at $10/month; YouTube Red being replaced by YouTube Premium at $12/month