Top News:
New York Times:
CBS draft report says former CEO Leslie Moonves destroyed evidence and misled investigators to preserve his reputation and save his $120M severance deal — Facing multiple sexual misconduct allegations and fearing his career as an entertainment titan was over, Leslie Moonves …
Discussion:
New York Times, Fast Company, The Guardian, NPR, Newser, Slate, The Daily Caller, Variety, Vanity Fair, Fortune, The Week, @miriamelder, @hunteryharris, @poniewozik, @meganmurp, @yashar, @nytimes, @slack2thefuture, CNN, New York Post, Broadcasting & Cable, The Wrap, TMZ.com and Mediaite
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New York Times:
Draft CBS board report describes Les Moonves' oral sex with subordinate, transactional sexual relationships with employees, board member awareness of assault — A 59-page draft report produced by lawyers for CBS's board contains new details and allegations about Mr. Moonves, the company's former chief executive.
Discussion:
Business Insider and The Week
Hollywood Reporter:
In Dec 2017, June Seley Kimmel tweeted about how Les Moonves had sexually harassed her; the CBS board were aware of her account before New Yorker story emerged — 6:35 AM PST 12/5/2018 by June Seley Kimmel as told to Kim Masters — June Seley Kimmel, who has recounted her experience …
Discussion:
The Wrap
Joe Pompeo / Vanity Fair:
Source: Vox Media's 2018 revenues are projected to increase 15%-18% YoY, with the company planning to charge for certain content across its sites — Vice, Vox, and BuzzFeed, among other companies that once heralded the dawn of a new media age, are now grappling with decidedly old-media problems.
Discussion:
@dylanmatt, @choire, @akm1410, @laurenrabaino, @jonathanvswan, @rafat and @williams_paige
Oliver Darcy / CNN:
Sources: The Weekly Standard's future is uncertain, after months of searching for a buyer; parent company MediaDC has requested a meeting with staff next week — New York (CNN Business)The fate of The Weekly Standard, the conservative magazine that has staked out a position as a publication …
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Jane Coaston / Vox:
Weekly Standard staffers say parent company MediaDC has tried to sabotage the publication over its anti-Trump stance, mine it for assets for Washington Examiner — “This is not about dwindling subscribers. This is about strip-mining TWS for its assets." — The future of the conservative magazine …
Discussion:
Hit & Run, Politico and Washington Examiner
Christopher Palmeri / Bloomberg:
Viacom CEO Bob Bakish says the network is debuting niche video-streaming services using existing content and that there's no merger deal with CBS underway — - ‘We like the configuration we have,’ Bob Bakish says — Viacom Inc. Chief Executive Officer Bob Bakish, facing fresh speculation …
Edmund Lee / New York Times:
Sources: Netflix paid $100M to license Friends in the US from AT&T's WarnerMedia through 2019, up from $30M/year, ahead of AT&T's 2019 streaming service launch — Are Netflix and “Friends” on a break? — The answer is no — for now. Reruns of Joey's thespian trials …
Discussion:
Recode, Washington Post, @jonfriedman, Ad Age, Adweek, @jasondashbailey, @shiraovide, @jacobfeldman4, @dkthomp, Broadcasting & Cable, The Ringer, Wall Street Journal, Slate, The Week, Fast Company, Vulture, Observer, Business Insider, Decider, BuzzFeed, Vanity Fair, Fortune, The Wrap and Bleeding Cool
Felicia Sonmez / Washington Post:
Rep. Chris Stewart defended Trump's response to the Khashoggi murder on CNN on Tuesday, saying journalists “disappear all over the country” — Rep. Chris Stewart (R-Utah) on Tuesday defended President Trump's response to the killing of Washington Post contributing columnist Jamal Khashoggi …
Brooks Barnes / New York Times:
The Hollywood Reporter unveils the Young Executives Fellowship, a two-year job training program to train 25 underrepresented LA high school kids per year — LOS ANGELES — Stung by fierce criticism about a lack of diversity on both sides of the screen, movie studios have scrambled …
Discussion:
@nytimesbusiness, @brooksbarnesnyt and @kimmasters
Christopher Palmeri / Bloomberg:
Strauss Zelnick, interim chairman of CBS, says he is “unequivocally” uninterested in taking the CEO job permanently — Strauss Zelnick, interim chairman of CBS Corp., said he's definitely not interested in becoming the media giant's chief executive officer, refuting rumors that have been circulating for weeks.
Julia Alexander / The Verge:
YouTube creators say they're owed hundreds of thousands of dollars by Defy Media, with questions arising about where the company's $70M in funding went — Ryland Adams is one of YouTube's most prominent creators, best known for his collaborative work with boyfriend Shane Dawson …
Discussion:
@russellbrandom and @loudmouthjulia
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