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?
Discussion:
@film_girl, @cormac_mccafe, @dalrymple, @miarsato, @petersterne, @matthewkeyslive, @tomgara, @summeranne, @sarahjeong, @reckless, @bradesposito and @blackamazon
Matthew Keys / Radio Ink:
NPR News plans to open a Kyiv bureau led by international correspondent Joanna Kakissis for more “consistency and depth” in covering the Ukraine-Russia conflict — NPR News says it will open a bureau in Kiev, Ukraine that will help the news organization better cover the conflict there.
Discussion:
NPR, Talking Biz News, @elbeardsley, @nancycbarnes, @emilyzfeng, @marklowen and Current, Thanks:@matthewkeyslive
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 …
Discussion:
The New York Times Company and Talking Biz News
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/...
Discussion:
Talking Biz News, @end2008, @katiecanales1, @rohananthony23, @bethstebner, @editorialiste, @editorialiste, @moorehn, @alex, @krtalman and @pkafka
Alex Weprin / The Hollywood Reporter:
Filing: Roku plans to reduce its workforce by about 5%, representing roughly 200 jobs, in Q4 and into Q1 of 2023 — The cuts represent about 5 percent of the company's workforce.
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 …
Elizabeth A. Harris / New York Times:
Princeton professor Imani Perry wins the nonfiction National Book Award for South to America: a Journey Below the Mason-Dixon to Understand the Soul of a Nation — Tess Gunty received the fiction prize for her debut, “The Rabbit Hutch.” Art Spiegelman, the author of “Maus,” received a lifetime achievement award.
Discussion:
@mollyjongfast, The Guardian, Nieman Storyboard, @ericabuddington, Bloomberg, Los Angeles Times and The Atlantic
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.
Discussion:
Variety, The Wrap, Deadline, Media Play News, The Hollywood Reporter and IndieWire
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
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
Discussion:
Variety, @joeconchatv, The Desk, @rossgarber, @michaelsocolow, @alexweprin, @themediaisdying, @tvgrimreaper and @alexweprin
Dade Hayes / Deadline:
Sources: Paramount begins layoffs largely concentrated in its ad sales group and expected to affect fewer than 100 employees — EXCLUSIVE: Layoffs are under way at Paramount Global, with several dozen employees expected to formalize their departures today, insiders have confirmed to Deadline.
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/...
Discussion:
@jason_kint, @williamturton, @viceunion, @mrwillhayward and Barrett Media
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 …
Discussion:
@cristinacriddle and Insider, more at Techmeme »