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October 24, 2016, 9:05 PM
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Se Young Lee / Reuters:
Samsung: South Korean customers who exchanged their Galaxy Note7 for an S7 will be able to trade for Galaxy Note8 or S8 next year at 50% of the cost of their S7  —  Samsung Electronics Co Ltd said on Monday it is offering an upgrade program to Galaxy Note 7 customers in South Korea who trade …
Hooyeon Kim / Bloomberg:
Amid Note7 fiasco, hundreds file class action lawsuits against Samsung, and new Vice Chairman Jay Y. Lee faces pushback from investment groups  —  Proxy advisor speaks out against Jay Y. Lee joining the board  —  Hundreds file class-action lawsuit demanding compensation
Peter Kafka / Recode:
The New York Times is buying online consumer guide The Wirecutter, founded by former Gizmodo editor-in-chief Brian Lam; sources say NYT will pay more than $30M  —  The New York Times is buying The Wirecutter, a five-year-old online consumer guide.  The Times will pay more than $30 million …
Sarah Frier / Bloomberg:
Sources: Twitter may cut 8% of workforce, or 300 people, as soon as this week  —  Twitter Inc. is planning widespread job cuts, to be announced as soon as this week, according to people familiar with the matter.  —  The company may cut around 8 percent of the workforce, or about 300 people …
More: MobileSyrup.com.  Tweets: @p1lonn and @caseynewton
Reuters:
In wake of botnet DDoS attack on DynDNS, Hangzhou Xiongmai issues US recall of webcam models that had easy-to-guess default passwords  —  Chinese firm Hangzhou Xiongmai Technology Co Ltd said it will recall some of its products sold in the United States after it was identified by security researchers …
Sarah Perez / TechCrunch:
IDC: Q3 smartwatch shipments down 51.6% YoY to 2.7M with Apple Watch down 72% YoY to 1.1M units, but the impact of new Apple Watch models remains to be seen  —  Maybe not everyone is convinced they need a smartwatch?  According to a new industry report from IDC out this morning …
Romain Dillet / TechCrunch:
Apple releases iOS 10.1 with the iPhone 7 Plus' Portrait mode, which is still in beta  —  Apple has just released the first significant update for iOS 10.  As expected, the main focus of iOS 10.1 is that insane Portrait mode for the iPhone 7 Plus.  The update is rolling out and is available …
iFixit:
Google Pixel XL teardown reveals little HTC branding, gets a 6/10 repairability score due to fragile screen, but most components are modular and easy to replace  —  Tools Featured in this Teardown  —  Introduction  —  Today marks our first ever teardown of a phone designed entirely by Google: the Pixel XL.

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From Mediagazer

Katie Robertson / New York Times:
An Alabama jury finds the NYT defamed a college basketball player in a 2023 article that wrongly placed him at a deadly shooting and awards $9.25M in damages

Michael McCarthy / Front Office Sports:
OutKick founder Clay Travis launches Sport & State, offering live shows and podcasts; sources say it is valued at $100M, and Hard Rock Bet owns a 10% stake

Katie Kilkenny / The Hollywood Reporter:
LA Mayor Karen Bass calls for a quick settlement of the antitrust lawsuit blocking Paramount's acquisition of WBD; WGAW says it is “disappointed” with Bass

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