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11:20 AM ET, November 17, 2022

Mediagazer

 Top News: 
Mia Sato / The Verge:
How BuzzFeed built a media empire by repackaging content from social media sites like Reddit and Tumblr, a strategy now less effective as it is no longer unique  —  BuzzFeed built a digital media empire in part by aggregating viral content from social media.  A decade later, what's next?
Katie Robertson / New York Times:
Steven Ginsberg, a top editor at the Washington Post, is named executive editor of The Athletic, starting January 3  —  Mr. Ginsberg, a longtime editor at The Washington Post, will start in the newly created role in January.  —  The Athletic, the sports website owned by The New York Times Company …
Mark Stenberg / Adweek:
Internal memo: Outside Media, which publishes magazines including Outside, Backpacker, Climbing, and Ski, lays off 12% of its staff, after a 15% cut in May 2022  —  The publisher cited economic headwinds as the rationale for the cuts  —  Lifestyle media company Outside Media …
Discussion: @irosarioc and Here & There
Max Tani / @maxwelltani:
Internal email: Morning Brew CEO Austin Rief says the outlet plans to lay off 14% of staff due to economic “uncertainty” among its current advertisers  —  Morning Brew is laying off 14% of its staff, per an internal email this morning. CEO Austin Rief says the cuts are due to “a lot of fear and uncertainty” in the economy which is spooking advertisers. https://twitter.com/...
Mathew Ingram / Columbia Journalism Review:
About 45 Mastodon servers out of ~12K block journa.host, a server for journalists, as reporters move with Twitter habits like “mining social media for fodder”  —  Ever since Elon Musk completed his $45 billion takeover of Twitter last month, there has been a steady stream of users …
Thomas Buckley / Bloomberg:
Hasbro has decided to sell most of Entertainment One, whose content is geared toward adults; sources: these media assets generated ~$1B in revenue in 2021  —  Hasbro Inc., which has been weighing options for its Entertainment One media division, has decided to put most of the business up for sale.
Lesley Goldberg / The Hollywood Reporter:
CBS Entertainment President Kelly Kahl plans to step down after 26 years at the network as part of the company's “restructuring and streamlining of leadership”  —  The entertainment president is out as part of a “streamlining of leadership” at the company.  —  Another broadcast network president is out.
RELATED:
Alex Weprin / The Hollywood Reporter:
Amid an advertising downturn and lower linear viewership, CNN, ABC News, CBS News, and other networks are asking staff to trim costs, find savings, and more
Ben Mullin / @benmullin:
Internal memo: Vice Media CEO Nancy Dubuc tells staff the company's goal is to “reduce our cost structure by up to 15%” as management finalizes the 2023 budget  —  NEW: Vice Media CEO Nancy Dubuc emails staff that the company is reducing its costs by up to 15%. https://twitter.com/...
Financial Times:
OnlyFans plans to let creators sell merchandise directly to viewers in partnership with e-commerce platform Spring  —  Social network will allow content creators to sell merchandise directly to their viewers  —  Content creators on OnlyFans will be able to sell merchandise directly to their viewers …
 
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 More News: 
Peter White / Deadline:
Apple plans to launch its Major League Soccer Season Pass on February 1 for $15/month or $99/season and $13/month or $79/season for Apple TV+ subscribers
 Earlier Picks: 
Lachlan Cartwright / The Daily Beast:
NBC suspends Today show correspondent Miguel Almaguer after retracting his reporting that stoked right-wing conspiracy theories about the assault on Paul Pelosi
Zoe Samios / Sydney Morning Herald:
The Australian EIC Chris Dore is stepping down after four years to deal with a health issue and undergo surgery; the newspaper will be edited by Michelle Gunn
Discussion: Mumbrella and The Guardian
Claire Woodcock / VICE:
Some public libraries in the US and Canada are using open-source software MUSICat to offer their own music streaming services and boost their local music scenes
Alex Sherman / CNBC:
WBD CEO David Zaslav says the ad market is weaker than in 2020 and that HBO went from making $2B+ in 2019 to losing ~$3B in 2021 as content spending surged