Ad-libbing at his rally in Colorado Springs, President Trump attacked "Parasite," which this month became the first non-English-language film to win the Best Picture Oscar, prompting Neon, the studio behind the film, to hit back that "he can't read."

What Trump said: "What the hell was that all about? We've got enough problems with South Korea with trade. On top of that, they give them best movie of the year. Was it good? I don't know. ... Can we get like 'Gone with the Wind' back, please? 'Sunset Boulevard' — so many great movies."

Mike Bloomberg's first debate appearance drove ratings to a record-high Wednesday night, according to Nielsen ratings provided by NBC News. The debate averaged nearly 20 million live TV viewers across NBC, MSNBC and Telemundo, according to preliminary numbers.

Why it matters: Bloomberg's highly anticipated debate debut drew contentious zingers from opponents who were eager to spar with him on stage for the first time.

Andrew Yang is joining CNN as a political commentator after ending his 2020 presidential campaign last week, the network announced Wednesday.

The big picture: The businessman — who has never held public office — gained national attention in the race through his emphasis on universal basic income, which he believes will alleviate social and economic ills stemming from technological change. He'll make his first CNN appearance to discuss Wednesday's Democratic debate in Nevada "to help shed light on the election and the candidates’ experiences."

Go deeper: Politicians ditch government for cable news

The News Media Alliance, a trade group which represents thousands of U.S. newspapers, plans to propose limits to a rule that, to-date, has helped Big Tech companies dodge responsibility for the content people upload to their platforms.

The big picture: The 24-year-old provision, Section 230 of the 1996 Communications Decency Act, allows tech companies like Google, Facebook and Twitter to host user-generated content on their platforms without being liable for what it contains.

An explosion in people paying for music via streaming services is helping to revive the decades-old record label business, which is now preparing for a slew of public offerings.

Why it matters: "There hasn't been this much optimism in the music business since the invention of the CD," says Ross Gerber, co-founder, president and CEO of Gerber Kawasaki Wealth and Investment Management.

While big national newspapers grow stronger, local newspaper chains that have for decades kept the vast majority of the country informed are combusting.

Why it matters: The inequity between giants like the New York Times and the Wall Street Journal and their local counterparts represents a growing problem in America as local communities no longer have the power to set the agenda for the news that most affects them.

A jury will begin deliberations in Harvey Weinstein's rape trial on Tuesday without testimony from any police witnesses, the Wall Street Journal reports.

Why it matters: Prosecutors called 28 people to testify throughout the trial, including six women who've accused Weinstein of sexual misconduct. But none of the witnesses were law-enforcement officers. Police witnesses add context to cases that could sway how jurors view the case.

Facebook said Friday that political candidates, campaigns and groups can use paid branded content across its platforms, a clarification prompted by a move from Michael Bloomberg's campaign to pay top Instagram influencers to post memes on its behalf.

The big picture: Its policy didn't explicitly state that it was OK for candidates to use branded content posts, but after hearing from various campaigns about the issue, Facebook moved to clarify its stance.

McClatchy announced Thursday that it voluntarily filed for bankruptcy to allow the company to restructure its debt and pension obligations.

Why it matters: The bankruptcy ends family control of one of the largest newspaper publishers in the country. It will also hand the company to creditors, who "have expressed support for independent journalism," McClatchy DC writes.

Spotify disclosed in an SEC filing Wednesday that it is paying up to $196 million for The Ringer, a sports media company founded by former ESPN personality Bill Simmons.

Why it matters: It's a solid payout for The Ringer, which was created just four years ago. The Ringer's podcast revenues surpassed $15 million in 2018, and the company says it's profitable.