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Fox is in talks to launch a joint bid for Tribune Media with private equity firm Blackstone; Sinclair Broadcast Group has also expressed interest. Expect more mergers and consolidation of broadcast TV stations as a result of Trump rule changes loosening ownership restrictions. [Alex Stedman / Variety]
Apple’s cash pile has topped $250 billion. Most of that is sitting outside the U.S., but a Trump-proposed tax holiday has Wall Street dreaming of a big dividend. Bankers hope Apple will use the money to buy something big, like Tesla or Netflix. [Tripp Mickle / Wall Street Journal]
Twitter and Bloomberg are creating a streaming news channel. This is the first of many video announcements you’ll hear during “newfront” presentations from digital media companies over the next two weeks, but if past performance is repeated, many of these won’t pan out. [Lukas I. Alpert / Wall Street Journal]
Trump skipped the annual White House Correspondents’ Dinner — and got roasted anyway by Samantha Bee, Hasan Minhaj — and Will Ferrell as “special guest” George W. Bush. Instead, Trump got out of town and held a rally in Pennsylvania to celebrate his first 100 days in office — and to savage the news media. [Peter Kafka / Recode]
Here’s Recode’s perspective on Trump’s first 100 days — despite battles over immigration, science funding and the tech industry’s much-loved policies, like net neutrality, some in Silicon Valley see reason for hope. [Tony Romm / Recode]
Sexism, racism and bullying are driving workers out of tech. A first-of-its-kind report finds that sexual harassment and complaints about unfairness are disproportionately high in the tech sector compared to other industries. [Sam Levin / The Guardian]
On the latest episode of Recode Decode, Kara Swisher talks to the producer and book writer of the hit Broadway musical “Dear Evan Hansen,” which asks: Through the internet, can something fake turn into something real? [Eric Johnson / Recode]
Top stories from Recode
You finally got your flying cars, and Stephen Colbert says they suck.
“Like a mini trampoline had sex with a wienermobile.”
This is one of Jack Dorsey’s early sketches of what became a $7 billion business.
If you think Square’s design is simple now ...
Bleacher Report wants to become the MTV for sports.
A Q&A with CEO Dave Finocchio, who is digging in on video series and documentaries to compete with ESPN and others.
Here’s where Alphabet makes its money.
Google’s parent company now breaks out revenue by geography.
Ride-hailing giant Didi raised $5.5 billion to boost its self-driving and global efforts.
The new round would value the company at around $50 billion — close to Uber’s valuation.
This is cool
LA-based artisanal soft-serve ice cream shop Little Damage is serving black ice cream — almond-charcoal ice cream (with a black cone) — and it’s goth AF. They also have a flavor called Unicorn Tears. [BuzzFeed]
This article originally appeared on Recode.net.
