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The Walt Disney Company:
Disney to acquire 21st Century Fox, including stakes in Sky and Hulu, after spinoff of certain businesses like Fox News, for $52.4B in stock — 21st Century Fox to spin off Fox Broadcasting network and stations, Fox News, Fox Business, FS1, FS2 and Big Ten Network to its shareholders
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Mark Sweney / The Guardian:
New Fox, centered on live news, sports, and the Fox brand, is a return to “our roots as a lean, aggressive, challenger brand,” per Lachlan Murdoch — Sale of 21st Century Fox assets includes stakes in Sky in the UK and Hollywood film studio as tycoon focuses on Fox News and newspapers
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Amy Chozick / New York Times:
With Disney deal, Murdoch's decades-long acquisition streak comes to an end in the face of the rise of streaming, despite past and current efforts to scale — For a while, Rupert Murdoch seemed invincible. — First, the mogul emerged relatively unscathed from a 2011 phone hacking scandal involving …
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Stratechery, The Guardian, @nytimesbusiness, @jimrutenberg, @markdistef, @sarahlellison and @cnn
Meg James / Los Angeles Times:
Robert Iger's contract as Disney Chairman and CEO is extended from 2019 to 2021 as a condition of Disney-21st Century Fox deal — Bob Iger at a Walt Disney co. event (Drew Angerer / Getty Images) — Walt Disney Co. said Thursday it has extended the contract of Chairman …
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CinemaBlend
Sydney Ember / New York Times:
Arthur O. Sulzberger Jr. to retire as New York Times publisher on Dec. 31 but remain as chairman, as his son, Arthur G. Sulzberger, replaces him — In a generational changing of the guard, Arthur Gregg Sulzberger, 37, will become the publisher of The New York Times on Jan. 1.
Discussion:
Business Insider and @sewellchan
New York Times:
Four women detail violent sexual behavior by hip-hop mogul Russell Simmons between 1988 and 2014, and three say he raped them; Simmons denies rape allegations — Mr. Simmons, a powerful gatekeeper in the entertainment and media worlds, damaged careers and self-confidence with his pattern …
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New York State Attorney General:
NY AG asks for delay in net neutrality vote at FCC because public comment process was corrupted with up to 2M comments that had used stolen identities — NEW YORK - Today, New York Attorney General Eric T. Schneiderman released new details of his office's investigation into fake comments submitted during …
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Salma Hayek / New York Times:
Salma Hayek details Harvey Weinstein's sexual harassment, threats, rages, and business and creative coercion as she worked to produce movie about Frida Kahlo — HARVEY WEINSTEIN WAS a passionate cinephile, a risk taker, a patron of talent in film, a loving father and a monster. — For years, he was my monster.
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Jason Schwartz / Politico:
NYT hires fact-checker for DC desk, an unprecedented move for a newspaper, in response to political weaponization of reporting errors and the volume of news — As news errors become fodder for Trump's attacks, the venerable daily makes an extra push for accuracy.
Benjamin Mullin / Wall Street Journal:
Business Insider to drop “business” from its name in January to expand beyond corporate and financial news; Insider to launch niche verticals like Insider Wine — The company will rebrand as Insider Inc. as part of a strategy to expand into niche coverage areas on social media and elsewhere
Discussion:
Business Insider, @stevekovach, @jackmarshall, @4evrmalone, @larakiara, @mdudas and Talking Biz News
Committee to Protect Journalists:
CPJ: record high 262 journalists jailed globally in 2017 in relation to their work, with half of those imprisoned in Turkey, China, and Egypt — For the second year in a row, the number of journalists imprisoned for their work hit a historical high, as the U.S. and other Western powers failed …
Discussion:
@pressfreedom, New York Times, Mashable, Mediaite, Journalism News, Al Jazeera English, @journotopia and @sashachavkin
Selina Wang / Bloomberg:
Alibaba's video streaming unit, Youku Tudou, has signed multiyear content licensing deals with NBCUniversal and Sony Pictures — Multiyear agreements give Youku subscribers access to movies — Deal comes as Alibaba doubles down in entertainment, Hollywood
Lulu Yilun Chen / Bloomberg:
Sources: Tencent Music plans IPO in 2018, is expected to raise $1B+, valued at $10B; unit has 120M paying subscribers vs Spotify's 60M — Internet giant is said to plan music-business IPO next year — Katy Perry, local artists exploit messaging, karaoke apps
Andy Grimm / Chicago Sun Times:
Judge rules journalist Jamie Kalven won't have to testify and reveal sources after subpoena claimed the information may have influenced witnesses in murder case — Journalist and activist Jamie Kalven sits in court and it is announced that he will not have to testify.
Discussion:
abc7chicago.com, bnd, Chicago Tonight, @bettergov and Chicago Tribune
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