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12:50 PM ET, December 7, 2021

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 Top News: 
Wall Street Journal:
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
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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”
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, insideradio.com, New York Post, The Philadelphia Inquirer, @cnnpr, @chriscuomo, CNBC, CNN, New’s Newsletter, Washington Post, The Week, @dylanbyers, @danprimack, Mediaite, Fox News, @moiradonegan, @jeremymbarr, Newser, @jayrosen_nyu, New York Magazine, @benmullin, 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, National Review, Poynter, @marceelias, @jodikantor, FTVLive, @grynbaum, @badfoxgraphics, @brianstelter, @erikwemple, @juliettekayyem, @sorayamcdonald, @juddlegum, Boing Boing, @grynbaum, Associated Press, @stevebattaglio, @koblin, @ericmgarcia, @jodikantor, @randpaul, Los Angeles Times, NBC News, @shoq, @grynbaum, @glennbeck, Slate, TMZ.com, @jodikantor, @jodikantor, @jodikantor, @jodikantor, @benyt, @grynbaum, @grynbaum, NPR, @michelemclellan, @davidfolkenflik, @davmicrot, @thrasherxy, @janicedean, @ichotiner, @badfoxgraphics, @benyt, @megjameslat, @baseballot, @jazayerli, @dick_nixon, @rontkim, @grynbaum, @maddoxrules, @jordanchariton, @jayrosen_nyu, @brentbozell, @jadler1969, @iamsophianelson, @benmullin, @studentactivism, @studentactivism, @originalspin, @froomkin, @jbflint, @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, Media Nation, @benyt, @brianstelter, @grynbaum, @sdkstl and MediaPost
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
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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.
Brian Steinberg / Variety:
Yamiche Alcindor is joining NBC News' Washington team; she will give up her role on PBS NewsHour but remain moderator of PBS' Washington Week  —  Alcindor, who is expected to start with NBC in March, will cover the Biden administration as well as the impact of federal policies on communities across …
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 …
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.
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
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.
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.
 
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 More News: 
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
 Earlier Picks: 
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
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
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”
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