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1:20 PM ET, January 28, 2019

Mediagazer

 Top News: 
James Walker / Press Gazette:
BuzzFeed proposes cutting 17 of BuzzFeed UK's 37 editorial staff, with most losses to the Buzz section covering pop culture  —  Buzzfeed UK's editorial team will be cut by nearly half, its own media reporter has claimed, down from 37 to 20 journalists based in London.
RELATED:
BuzzFeed News Staff Council:
In a letter to BuzzFeed CEO Jonah Peretti and others, the BuzzFeed News Staff Council demands that BuzzFeed pay out earned paid time off to laid-off employees  —  To Jonah Peretti, Lenke Taylor, and Ben Smith:  —  We are the BuzzFeed News Staff Council, a group of employees appointed to open …
Margaret Sullivan / Washington Post:
Even as companies like Digital First Media strip-mine local newspapers for profit, their journalists continue doing important work and deserve support  —  Jeffrey Miller might be the ideal news consumer: He's well-informed, thoughtful and understands the role good journalism plays in American democracy.
RELATED:
Steve Cavendish / Washington Post:
How Gannett hollowed out newspapers in Tennessee over decades, leaving stories like hospital mergers and local elections now under-covered  —  Wednesday was a bloodbath for journalists.  BuzzFeed said it would lay off 15 percent of its employees, and Verizon Media announced it would cut 7 percent …
Wall Street Journal:
Bill Simmons says The Ringer, focused on its network of 28 podcasts with ~35M downloads a month is profitable; sources say it made $15M+ on podcasts in 2018  —  Four years after his acrimonious split with ESPN, the sports entrepreneur is building a different kind of network
Lucinda Southern / Digiday:
Condé Nast International launches Vogue Business, a twice-weekly newsletter for professionals in the fashion and luxury industries, with 21 staffers  —  Condé Nast International, home to magazine brands like Vogue, GQ and Wired, is making a more direct play for professionals …
Antonia Noori Farzan / Washington Post:
NBC veteran Tom Brokaw apologizes after saying “Hispanics should work harder at assimilation” on Sunday's Meet the Press, evoking further criticism  —  Tom Brokaw, the veteran NBC newsman, has apologized for saying that Hispanic immigrants need to do a better job of assimilating …
Charlotte Tobitt / Press Gazette:
Guardian EIC Katharine Viner says the group is on track to break even in April, talks about being Guardian's first female editor, paywalls, sexism, and more  —  Guardian News and Media editor-in-chief Katharine Viner has said a hard paywall “isn't really a conversation” …
Discussion: @michellemanafy
C.J. Lovelace / Herald-Mail Media:
Schurz to sell its publishing division assets, including 20 regional papers in Indiana, Maryland, Michigan, Pennsylvania, and South Dakota, to GateHouse Media  —  Herald-Mail Media, Hagerstown's newspaper of record for more than 190 years, will be under new ownership by the end of the week.
 
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 More News: 
Sarah Frier / Bloomberg:
Despite Facebook spending ~$1B last year on Watch, its would-be YouTube killer is a jumble of ads with no hit shows and a tiny slice of overall video revenue
Kate Rooney / CNBC:
NBCUniversal and Comcast Ventures to invest an undisclosed sum in fintech startup Acorns, which will partner with CNBC to produce original content
 Earlier Picks: 
Sara Fischer / Axios:
Major TV networks like NBC and Viacom embrace addressable TV ads, which allow advertisers to create targeted ads by demographic based on viewer data
 

 
From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

Bob Van Voris / Bloomberg:
US prosecutors charge two founders of Samourai Wallet, saying the crypto mixing service facilitated more than $100M in money laundering transactions

 
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