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8:35 AM ET, October 12, 2022

Mediagazer

 Top News: 
TechCrunch:
Reporting by India's The Wire on Meta and India's ruling party comes under scrutiny after questions about the authenticity of a document and an email screenshot  —  Who would have the least to lose and most to gain by undermining credibility in the press?  —  Tech giants and news organisations sparring over news reporting isn't new.
Anna Merlan / VICE:
Leaked footage: Fox edited out Kanye West's bigoted and bizarre statements to Tucker Carlson about Jewish people, “fake children”, visions from God, and more  —  Motherboard obtained footage of Ye making bigoted statements about Jewish people and bizarre claims about “fake children …
Todd Spangler / Variety:
NBCUniversal partners with Meta to bring VR experiences to Quest headsets in 2023, from The Office, DreamWorks, Blumhouse, the Peacock streaming app, and more  —  Ready to mingle with the Dunder Mifflin gang in virtual reality?  —  Meta, looking to spark broader interest in VR …
Deadline:
Warner Bros. Television Group shuts down its digital short-form programming division Stage 13 and its Television Workshop for emerging writers and directors  —  Layoffs are underway at Warner Bros Television Group on Tuesday.  The cuts include the closing of digital short-form programming division Stage 13 …
RELATED:
Michael Schneider / Variety:
Warner Bros. Television Group laid off 82 employees on October 11, or 19% of its workforce, and cut 43 vacant posts, totaling a 26% drop from ~481 positions
Richard Lawler / The Verge:
CNN closes its “Vault by CNN” NFT project, opened in 2021 to let anyone “own a piece of history”, and plans to compensate users with FLOW tokens or stablecoins  —  You may have already forgotten about it, but Vault by CNN launched in the summer of 2021 as a marketplace …
Mark Stenberg / Adweek:
Bloomberg Media plans to stop serving open-market third-party programmatic display ads in 2023 and ditch Taboola recommendations, to improve the user experience  —  The publisher will use the inventory, in part, to promote other product offerings  —  The business news publisher Bloomberg Media …
Charlotte Tobitt / Press Gazette:
The Financial Times reports a £4.3M pre-tax profit in 2021, up from a £29M pre-tax loss in 2020, and a £31M operating profit on £438M of 2021 operating revenue  —  The Financial Times has reported a strong “rebound” from Covid-19 in 2021, returning to profitability and growing revenues by almost a fifth.
Discussion: @wturvill
Sara Fischer / Axios:
Over a dozen job openings hint TikTok plans to open fulfillment centers in the US as the company looks to build an “international e-commerce fulfillment system”  —  TikTok is planning to build its own product fulfillment centers in the U.S., creating an e-commerce supply chain system …
Alex Barker / Financial Times:
The UK's Reach says the marketing blackout after the Queen's death sent print advertising down by almost a third and digital revenue down 8% in September 2022  —  Reach's print advertising drops by a third in September and digital revenues slide  —  The publisher of the Daily Express …
Discussion: Press Gazette and HoldtheFrontPage
Digiday:
Sources: Apple holds early discussions with media agencies over monetizing its original video content through ads, possibly as early as 2023  —  Apple's growing designs on the ad industry are already well-documented with the iPhone maker's media unit already generating $4 billion per year on search.
Jon Lafayette / Next TV:
Nielsen Holdings closes its sale to a private equity consortium led by Elliott and Brookfield in a ~$16B all-cash deal including debt  —  Deal comes before Nielsen One rollout  —  Nielsen Holdings said that it completed its sale to a group of private-equity investors led by Elliott Investment Management …
Georg Szalai / The Hollywood Reporter:
Comcast promotes CFO Mike Cavanagh to president, the third president in the company's 59-year history; Cavanagh will remain CFO  —  “Mike will be only the third president in the company's 59-year history.”  —  Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the role of president.
 
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 More News: 
K.J. Yossman / Variety:
Netflix Studios UK, its UK-based production and content arm, reports £103.2M in revenue in 2021, up 31% YoY, and an £11.9M profit, down from £15.1M in 2020
Jim Waterson / The Guardian:
Netflix joins the British ratings agency, or BARB, as a full member, publishing independently audited viewing figures on individual shows for the first time
Cecilia D'Anastasio / Bloomberg:
A look at Twitch executives' efforts to reassure streamers at TwitchCon about monetary concerns, as Amazon expects the service to become financially independent
Jim Waterson / The Guardian:
News UK has always said phone hacking only happened at News of the World but eight people have pending Sun-only legal claims and three more settled with The Sun
 Earlier Picks: 
Trefor Moss / Wall Street Journal:
Denmark-based Lego owner Kirkbi acquires NYC-based Brainpop, which makes short educational animated videos and other materials for US schools, for $875M
Discussion: @olliebray
NBC News:
Baltimore prosecutors drop charges against Adnan Syed, a subject of the podcast Serial, in the 1999 murder of Hae Min Lee after DNA testing showed his innocence
Jairo Bolledo / RAPPLER:
The Philippines' Court of Appeals denies Rappler CEO Maria Ressa and ex-Rappler researcher Reynaldo Santos' motion for reconsideration in their cyber libel case
Lesley Goldberg / The Hollywood Reporter:
Legendary Television places President Chris Albrecht on leave; an upcoming book details an incident at HBO where Albrecht allegedly disparaged a staff member