Mediagazer: Mark Morrison, a West Coast entertainment journalist who helped launch the publication InStyle in 1994, has died aged 69 (Mike Barnes/Hollywood Reporter)

1:20 PM ET, December 11, 2018

Top News:

Edward Felsenthal / Time:

Time Magazine awards its Person of the Year honor to Jamal Khashoggi, Rappler CEO Maria Ressa, imprisoned Reuters journalists, and Capital Gazette staff — On the outskirts of Yangon, Myanmar's largest city, two young reporters sit in a prison said to be “the darkest hellhole in Burma.”

Scott Moritz / Bloomberg:

Verizon has slashed the value of its AOL and Yahoo acquisition by $4.6B, says a tough ad market has led to a shortfall in revenue and profit — Verizon Communications Inc. slashed the value of its AOL and Yahoo acquisitions by $4.6 billion, conceding that tough competition for digital advertising …

Discussion: @pkafka and @pkafka, more at Techmeme »

Mark Anderson / Sacramento Business Journal:

Sacramento-based McClatchy will centralize design and copyediting for its 30 newspapers in Charlotte, NC; staffers “will have the opportunity to work virtually” — Sacramento-based newspaper publisher The McClatchy Co. will consolidate the design and copy editing functions …

Discussion: @coreyhutchins and @tibbin

Sara Fischer / Axios:

Streaming news service Cheddar partners with mixed reality company Magic Leap, will stream its two live news networks on Magic Leap One AR device — Cheddar, the streaming news service for millennials, and Magic Leap, a mixed reality company, are teaming up to put Cheddar's two live news networks …

Discussion: @themediaisdying

Lisa de Moraes / Deadline:

Memo: Kathie Lee Gifford is leaving the Today show after eleven years to focus on film, music, and book projects — NBC News chief Noah Oppenheim announced this morning that Kathie Lee Gifford has decided to exit Today show, where she has hosted the final hour of the four-hour franchise since 2008.

Discussion: The Wrap, HuffPost, Newser, TVNewser, CNN, TVLine and TV Tattle

Mike Barnes / Hollywood Reporter:

Mark Morrison, a West Coast entertainment journalist who helped launch the publication InStyle in 1994, has died aged 69 — He spent 15 years as the West Coast editor of InStyle and spearheaded an award-winning multimedia package for The Hollywood Reporter.

Jon Levine / The Wrap:

Vox Media's sports site SB Nation drops writer Ian Kidd after learning he was convicted of possessing child pornography in September 2018 — Sports news website SB Nation has dropped a writer after learning of past criminal activity including a September 2018 conviction over possession of child pornography.

journalism.columbia.edu:

Columbia Journalism School announces the winners of the 2019 duPont awards; 12 of the 16 reporting teams recognized were led by women — A record number of wins for programs by and about women — FRONTLINE PBS wins first Gold Baton awarded in a decade — Columbia Journalism School today announced …

Discussion: @jimschachter and @ap_corpcomm

Washington Post:

John Drescher, former executive editor of the Raleigh News & Observer, joins the Washington Post as deputy editor on the national politics investigations team — By WashPostPR — Announcement from National Editor Steven Ginsberg, Deputy National Editor Lori Montgomery and Senior Politics Editor Peter Wallsten:

Discussion: @peterwallsten and @raleighreporter

Patrick Shanley / Hollywood Reporter:

CBS says it has agreed to sell its 25-acre CBS Television City property, including its soundstage and trademark, to a LA based real estate developer for $750M — Los Angeles-based real estate developer Hackman Capital Partners signed the acquisition agreement on Monday.

Discussion: TVWeek.com and TV Tattle

Cynthia Littleton / Variety:

IMG's Chief Content Officer Mark Shapiro has been promoted to the newly created post of President at Endeavor, IMG's parent company — After four years overseeing content operations at IMG, Mark Shapiro has been promoted to president of Endeavor. — Shapiro's elevation to the newly created post comes …

Discussion: Fast Company and The Wrap

Sahil Patel / Digiday:

A pitch deck for Jeffrey Katzenberg's mobile video startup, Quibi, says it would spend $2.6B on programming in 2025 if it reached its target of 70M subscribers — Jeffrey Katzenberg has been open about his plans to spend big bucks on programming for Quibi, his upcoming subscription mobile video streaming service.

Discussion: @dherman76, @sizpatel and @digiday

Brian Schwartz / CNBC:

Democratic senators are investigating whether Fox News' continued payments to White House communications chief Bill Shine breaches ethics laws — - Four Democratic senators are requesting the White House to hand over documents proving Trump communications advisor Bill Shine …

Discussion: @kylegriffin1 and @evan_rosenfeld