Mediagazer: The Financial Times says all editorial staff will get a £5,600 bonus as the paper surpassed its Q4 revenue expectations and will end the year profitable (Bron Maher/Press Gazette)

10:45 AM ET, December 7, 2021

Top News:

Sources: CNN's Chris Cuomo U-turn came after NY AG records, a law firm report, and a separate sexual misconduct allegation against him from an ex-ABC colleague — Network boss fired the star anchor on Saturday, leaving a hole in the channel's prime-time lineup

Discussion: Washington Post, @ericmgarcia, New York Times, @froomkin, Fox News, @ibjiyongi, @ewerickson, @yuhline, Newser, Mediaite, @jbflint, CNN, @benmullin, @asharma, @benmullin, Associated Press, New York Post, @wsj, @pkafka, The Hill and The Wrap

Brian Steinberg / Variety:
Chris Cuomo says he is also leaving SiriusXM, where he hosted a regular weekday radio program, to “focus on what comes next”

Discussion: Hollywood Reporter, Deadline, CNBC, @johnnydollar01, WGN-TV, Los Angeles Times, Wall Street Journal, Fox News, The Hill and FTVLive

New York Times:
CNN says it has fired Chris Cuomo after “additional information has come to light” about the help he gave his brother Andrew Cuomo

Discussion: @chriscuomo, @cnnpr, @chriscuomo, CNBC, CNN, New York Post, @benmullin, The Week, Fox News, New’s Newsletter, Washington Post, @dylanbyers, @danprimack, New York Magazine, Mediaite, Newser, @jayrosen_nyu, @moiradonegan, @jeremymbarr, The Week that Was, @poynter, Today in Tabs, Ineptocracy Chronicles, HuffPost, The Hill, The Wrap, Vanity Fair, Steve Self-Cancels, Press Watch, American Press Institute, @marceelias, National Review, Poynter, @jodikantor, @badfoxgraphics, @brianstelter, @grynbaum, FTVLive, @erikwemple, @juliettekayyem, @sorayamcdonald, Associated Press, @juddlegum, Boing Boing, @grynbaum, @randpaul, @koblin, Los Angeles Times, @stevebattaglio, @ericmgarcia, @jodikantor, NBC News, @grynbaum, Slate, TMZ.com, @shoq, NPR, @glennbeck, @jodikantor, @jodikantor, @jodikantor, @jodikantor, @benyt, @grynbaum, @grynbaum, @michelemclellan, @davidfolkenflik, @davmicrot, @thrasherxy, @benyt, @janicedean, @ichotiner, @badfoxgraphics, @megjameslat, @baseballot, @jazayerli, @dick_nixon, @rontkim, @grynbaum, @maddoxrules, @jordanchariton, @jayrosen_nyu, @brentbozell, @jadler1969, @iamsophianelson, @benmullin, @studentactivism, @studentactivism, @originalspin, @froomkin, @jbflint, Media Nation, @mayatcontreras, @josephwulfsohn, @davidfolkenflik, @kenklippenstein, @cernovich, @redsteeze, @meganbitchell, @_cingraham, @matthardybrand, @attorneynora, @shoq, @brianstelter, @jeremymbarr, @mollyjongfast, @phil_lewis_, @froomkin, @jasminestylestv, @jdwackrow, @frankconniff, @a_newsman, @elisestefanik, @adriennelaw, @chrisloesch, @erikwemple, @mrbeaks, @lmoses, @erikwemple, @noahshachtman, @noahshachtman, @timheidecker, @erikwemple, @ditzkoff, @alexthomp, @nycsouthpaw, @jeremymbarr, @benyt, @brianstelter, @grynbaum, @sdkstl, MediaPost and Insider

Gerry Smith / Bloomberg:

BuzzFeed closed down 11% on its Nasdaq trading debut, attaining a market cap of $364M, after raising less than expected from its SPAC — - Company is in talks to make Michael Del Nin its new president — Sector needs ‘strong public company,’ co-founder Peretti says

Discussion: @benmullin, CNBC, CNN, BuzzFeed, YouTube, Columbia Journalism Review, @sherman4949, @kerrymflynn, @sherman4949, @sherman4949, @alex, @silviakillings, @tomgara, @rmac18, @kerrymflynn, @gerryfsmith, Insider, New York Times and Variety

Peter Kafka / Vox:

A look at BuzzFeed's rocky transformation into a public company, as Bustle CEO says its fate will determine the fortunes of other digital media companies — “The fate of BuzzFeed is going to determine the fortunes of a lot of other companies.” — The transformation from startup to public company is supposed to be a very big deal.

Discussion: @pkafka, @pkafka, Mediaite, Gawker, Fast Company, Financial Times and The Wrap

Matt Schudel / Washington Post:

Fred Hiatt, The Washington Post's editorial page editor since 2000, dies at 66 — Fred Hiatt, a onetime foreign correspondent who in 2000 became The Washington Post's editorial page editor and greatly expanded the global reach of the newspaper's opinion writers in the era of 9/11 …

Madeleine Lim / Bloomberg:

Haze Fan, a member of Bloomberg's Beijing bureau, has now been detained for a year as Chinese authorities say the case is ongoing — Haze Fan, a member of Bloomberg News's bureau in Beijing, has been detained since late last year, with no information forthcoming on her case.

Discussion: New York Times and @aliceysu

Hollywood Reporter:

Sources: Disney names Geoff Morrell to the newly created role of chief corporate affairs officer, an expansion of the top communications job held by Zenia Mucha — Morrell, who was also the press secretary for the Pentagon during the Bush and Obama administrations, will succeed Zenia Mucha, who plans to retire at the end of the year.

Discussion: Variety, Axios, Deadline, @kimmasters, The Wrap, @peterhimler, @fibellefi, @dougheye, @alexweprin and @edokeefe

Alistair Gray / Financial Times:

GroupM: global ad revenue will reach $763B in 2021, up 18.7% from 2019; Alphabet, Meta, and Amazon control 80-90% of the digital ad market outside of China — Alphabet, Meta and Amazon have doubled their share of ad revenues in past 5 years, industry estimates

Discussion: GroupM, Ad Age, Wall Street Journal, @megancgraham, @groupmworldwide, @ivan_brussels, @rossmkelly92, @1br0wn, @digitalshields, Midday Macro, MediaPost, The Wrap, Digiday, The Drum and Hollywood Reporter

Bron Maher / Press Gazette:

The Financial Times says all editorial staff will get a £5,600 bonus as the paper surpassed its Q4 revenue expectations and will end the year profitable — Financial Times journalists are to receive bonuses of £5,600 this month after the publisher reported profits “well ahead of our business plan”.

Discussion: @alicemuwu, @niemanlab, @jerometaylor, @stokel and Talking Biz News

Todd Spangler / Variety:

Disney scraps the FX on Hulu branding two years after it launched, to make FX branding consistent worldwide across its DTC and linear TV services — Disney has decided kill off the “FX on Hulu” name less than two years after it launched — a piece of brand-management microsurgery many people probably won't even notice.

Discussion: @sonnybunch, @oliverdarcy, Cord Cutters News, The Streamable, TVLine, Too Much TV Newsletter, Deadline, Hollywood Reporter, The Wrap, MediaPost, Decider and Adweek

Ben Smith / New York Times:

A document from TikTok's engineering team in Beijing details the app's addictive algorithm, which pursues DAUs by optimizing for “retention” and “time spent” — It's the most successful video app in the world. Our columnist has obtained an internal company document …

Kevin Breuninger / CNBC:

Rep. Devin Nunes, a close Trump ally and former chair of the House Intelligence Committee, says he will resign to become CEO of Trump Media & Technology Group — - Rep. Devin Nunes, R-Calif., will resign from Congress to become chief executive officer of former President Donald Trump's fledgling social media entity next month.

Max Goldbart / Deadline:

ViacomCBS and South Korea's CJ ENM to co-develop English-language content and co-finance local Korean series for Paramount+, which launches there next year — ViacomCBS and CJ ENM have struck a global strategic partnership that will see the pair co-develop and co-finance scripted series and movies …

Discussion: Media Play News and WORLD SCREEN

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Catie Keck / The Verge:
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James Hibberd / Hollywood Reporter:
Netflix's 11-day stand-up comedy festival in LA, featuring 130 comedians, including Dave Chappelle, will start April 28 after being postponed from April 2020

Discussion: Los Angeles Times, The Week and Deadline

Elahe Izadi / Washington Post:
States Newsroom, a nonprofit focused on statehouse coverage, says it plans to double its presence from 25 states to about 40 over the next 2.5 years

Discussion: American Press Institute, @sulliview and @elaheizadi

Mia Sato / The Verge:
YouTube publishes its first Copyright Transparency Report, showing H1 2021 had 2.2M+ videos hit with incorrect copyright claims and 729M total copyright claims

Discussion: YouTube Official Blog, Music Ally, @glenngabe, @xoxolizza, @grmpyprogrammer, @youtubeinsider, @ashkan and Engadget

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K.J. Yossman / Variety:
UK's Channel 4 issues best practice guidelines for working with disabled talent and adopts recommendations by new pressure group Underlying Health Condition

David Streitfeld / New York Times:
Some Amazon sellers are backdating books to fool Amazon's algorithms into changing where they appear, often allowing the sellers to charge exorbitant prices

Discussion: @bcmerchant, @aaron_renn, @markhurst, @ravenbookstore, Insider, @angieholan, @stacyfmitchell and @runwithskizzers

Josef Adalian / Vulture:
HBO CCO Casey Bloys says 50% of HBO viewership comes from linear, down from 90% in 2011, with the rest from HBO Max, and he's not “rushing” to share ratings

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Anne Steele / Wall Street Journal:
Spotify removed the work of hundreds of comedians, including John Mulaney and Kevin Hart, amid a fight with royalty administration agency Spoken Giants

Discussion: The Verge, Los Angeles Times, CNN, The A.V. Club, Mediaite and Gizmodo

From Techmeme:

Mishaal Rahman / Android Authority:
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Mark Gurman / Bloomberg:
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Sources: a16z, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which is expected to set up a bitcoin reserve

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