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Time Inc Brands Have Publishers Again, Skepticism Grows Inside Time Warner, Cheddar Takes on Another Investor, Bustle Buys The Zoe Report

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Good Media Morning to you. 

With the long slog that is the AT&T-Time Warner antitrust trial, there is skepticism about the merger stewing inside Time Warner...Cheddar takes on another investor...Bustle buys The Zoe Report, plans to buy a lot more stuff...American Media Inc accused of producing a 100 page Saudi propaganda magazine...The president of Wall Street Journal publisher Down Jones is exiting the company...These and more for your Media Morning Today. Dive in! 

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Don't forget to wind your week down with Media Weekend Today, our end of the week newsletter that catches you up on the big media industry headlines that dominated the week plus late breaking news that will drive the week ahead. Get it HERE. Its BIG!
MERGER SKEPTICISM OVER AT&T DEAL GROWS INSIDE TIME WARNER
There’s a growing sense that if deliberations were to exceed a twice-extended June 21 deadline, at which point Time Warner could walk away without penalty, the company should perhaps renegotiate its acquisition terms—or go a different route altogether. Time Warner’s price tag was based on numbers from mid-2016.
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HEARST INSTALLS NEW MEN'S HEALTH EDITOR IN CHIEF
Hearst has named Richard Dorment, a senior editor at Wired, as the new editor in chief of Men’s Health. This is a return to Hearst, which acquired Men’s Health from Rodale in January, for Dorment. Prior to his two-year stint at Wired

DENTSU VENTURES GETS A PIECE OF CHEDDAR
Dentsu Ventures, the corporate venture capital fund of the Tokyo-based advertising and PR giant, has invested in Cheddar, the US based digital news network. Cheddar currently produces and distributes news videos from four locations around the US, specialising in the production of business news communicating new product launches, services and technologies.

ANOTHER CELEB HITS SNAP INC'S STOCK
Chrissy Teigen on Saturday tweeted that she’s dropping Snapchat, citing a recent ad featuring Rihanna that made light of domestic violence and the social messaging and media app’s widely maligned redesign. On Monday Snap shares opened up 0.6%, at $16.44 per share. However, the stock quickly turned, falling as much as 1.5%.

YOUTUBE TV AND NBC BUDDY UP FOR 2018 FINALS
With the demand for new ways to watch television growing rapidly, the NBA is partnering with one of the best in the game. Starting this year, YouTube TV will be the first-ever presenting partner of the NBA Finals, as well as the Finals for the WNBA and the G League.

SNAP INC ACQUIRES UK TECH FIRM PLAY CANVAS
Snap Inc., the company behind mobile application Snapchat, has acquired the UK-based technology firm PlayCanvas for an undisclosed fee. The cloud-based HTML5 game engine was used by studios like King, Disney, and Nickelodeon to create casual messenger and online multiplayer games and was unique for allowing devs to make games in the cloud. 


BUSTLE ACQUIRES FASHION, LUXURY SITE THE ZOE REPORT
Bustle Digital Group will announced that it is acquiring The Zoe Report from Rachel Zoe, Inc., a popular fashion and lifesytle brand for young women. Terms of the deal, effective April 1, are not disclosed. The deal is a combination of cash and stock. Upon close, Rachel Zoe will become a significant shareholder of Bustle Digital Group. 

WHAT WILL HELP DISNEY'S ESPN WIN AGAIN?
ESPN has weathered any number of tempests in its nearly 40 years. But the perfect storm brewing in Bristol these days is bigger than any that Disney’s most valuable asset has ever faced. The network’s newly installed president, Jimmy Pitaro, will be put to the test immediately in April with the launch of an app, ESPN+, that will charge fans a monthly fee for even more events coverage.

AMERICAN MEDIA INC PRODUCES 100 PAGE PRO SAUDI MAGAZINE
A nearly 100-page magazine published by Donald Trump’s allies at American Media Inc. is providing a different kind of celebrity gossip than the American supermarket shopper is used to seeing. It’s selling America on a fellow Trump ally, Saudi Arabian Crown Prince Mohammed bin Salman.

PRESIDENT OF WALL STREET JOURNAL PUBLISHER DOW JONES EXITS
Katie Vanneck-Smith has decided to step down as President and Chief Customer Officer of Dow Jones. Katie, who has served Dow Jones with distinction in helping to drive our membership strategy, is relocating back to London to pursue new opportunities outside of News Corp.

APPLE EXPECTED TO LAUNCH STREAMING VIDEO SERVICE BY MARCH 2019
Apple aims to launch its streaming video service as soon as March of next year, or roughly around the summer of 2019, the New York Times reports today. Run by a team formerly from Sony’s TV division, the Apple Worldwide Video studio now has around 40 employees overseeing shows and plans to offer a mix of adult dramas...

THE FTC IS INVESTIGATING FACEBOOK
U.S. regulators and state attorneys general are increasing pressure on Facebook as they probe whether the company’s data-collection practices have hurt the people who use its services. The Federal Trade Commission confirmed that it was investigating the company.

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