MSNBC's Joy-Ann Reid apologized on Saturday for "dumb" and "hurtful" homophobic comments in her old blog posts, the Associated Press reports.
The backdrop: Reid came under fire after posts resurfaced which contained anti-LGBT comments. She claims that she was hacked, but said on Saturday that security experts have not found proof of that. Per the AP, she said: "I genuinely do not believe I wrote those hateful things because they are completely alien to me."
More than 60 current and former female staffers of NBC News, including Rachel Maddow and Andrea Mitchell, came to Tom Brokaw's defense on Friday, signing a letter that said he "treated each of us with fairness and respect," Variety reports.
The backdrop: A former NBC News correspondent, Linda Vester, says she was "groped and assaulted" by Brokaw, and was "deeply traumatized" by his unwanted sexual advances. The letter of support praises Brokaw as "a man of tremendous decency and integrity." Brokaw has denied the claims.
"More customers are dropping cable TV as they turn toward streaming services like Netflix Inc., a fundamental shift in consumer behavior that was on display this week in painful earnings reports from cable and telecommunications companies," The Wall Street Journal's Shalini Ramachandran writes on the front page.
Amazing stat: "The upheaval in the pay-TV economy is stark. From the beginning of 2015 through the end of last year, nine million Americans have either cut the cord or chosen not to buy a traditional cable package when moving into new households, according to estimates from MoffettNathanson."
E-signature platform Docusign raised $465 million in its IPO, pricing its shares above the expected range for an initial market cap north of $4.4 billion.
Why it's a big deal: Docusign last raised VC funding at around a $3 billion valuation, so this means public market premiums for private "unicorns" aren't just reserved for consumer-facing companies like Dropbox and Spotify.
Joy-Ann Reid's claims of being hacked have fallen apart, reports the Daily Beast, after an internal investigation revealed homophobic blog posts were cached and not just screenshots.
The big picture: The Daily Beast, where Reid has a column, says her claims don't hold any ground and that may put Reid's job in jeopardy. This is the second time Reid has faced these allegations.
"NBC acted quickly to dismiss Matt Lauer, but it is facing a wave of internal and outside skepticism that it can reform a workplace in which powerful men such as Lauer were known to pursue sexual relationships with more junior women," the WashPost's Sarah Ellison reports on A1:
"In interviews, 35 current and former NBC staffers said that while some of these relationships were consensual, some were not. Twelve women interviewed said they were sexually harassed but did not report it."
Former NBC News correspondent Linda Vester has accused former NBC anchor Tom Brokaw of unwanted sexual advances, according to an exclusive video from Variety.
Why it matters: NBC was hit by the #MeToo movement when "Today Show" co-host Matt Lauer was accused of inappropriate sexual behavior. Vester says she was "groped and assaulted" by Brokaw, a legendary name in news.
