Twitter loses $457 million, French newsrooms launch Fake News project & Prosieben scales in Austria: this week in media

Twitter loses $457 million, French newsrooms launch Fake News project & Prosieben scales in Austria: this week in media

Twitter reveals $457 million loss whilst users are up 2 million

Investors take fright as company reveals $457m loss for 2016 (on $2.5bn revenues) and concedes its financial growth is lagging its popularity, as active users climb 2 million to 319 million.  Read more on Guardian >>

French newsrooms unite to tackle Fake News

Collaborative journalism verification project CrossCheck has launched in France, with support from Google NewsLab - bringing together 17 newsrooms including AFP, France Televisions, Les Echos and Buzzfeed News.  Read more on FirstDraftNews >>

Germany’s Prosieben acquires Austria’s ATV

ProSiebenSat.1 has agreed to buy Austrian TV station, ATV, from its parent company Tele München Fernsen - strengthening the German broadcaster’s presence in the Austrian market.  Read more on DigitalTVEurope >>

Russian digital consolidation continues with proposed Megafon / Mail.ru merger

Megafon, a leading Russian telecoms company, is set to buy Mail.ru, one of Russia’s leading digital media owners owning assets including Vkontakte (VK.com), Russia’s leading social network.  Read more on EWDN.com >>

Trinity Mirror reveals its use of server-side

UK’s Trinity Mirror has announced its been testing a server-to-server solution, as a sequel to header-bidding.  Initial results have apparently been a success with advertiser cost-per-acquisition driven up 75%.  Read more on Digiday >>

Insights into how one of France’s biggest media companies is winning & growing in an increasingly challenging market [interview]

Insights into how one of France’s biggest media companies is winning & growing in an increasingly challenging market [interview]

How mobile app ‘Pie’ is making 360 video more accessible for news organisations

How mobile app ‘Pie’ is making 360 video more accessible for news organisations