Top News:
Max Tani / @maxwelltani:
Internal email: Morning Brew CEO Austin Rief says the outlet plans to lay off 14% of its staff due to “uncertainty” among its advertisers as the economy evolves — 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:
@eduardosuarez, @rohananthony23, @katiecanales1, @moorehn, @editorialiste, @djbentley, @editorialiste, @kelseymsutton, @shwinyo, @zeyiyang, @abrahamjoseph, @bethstebner, @lydiabelanger, @pkafka, @jeremylittau, @alex, @_sanchezsabrina, @krtalman, @jeremarketer, @end2008 and Talking Biz News
Katie Robertson / New York Times:
The New York Times names Steven Ginsberg, a managing editor at the Washington Post, as executive editor of The Athletic, starting on 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 …
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:
@petersterne, @film_girl, @matthewkeyslive, @tomgara, @cormac_mccafe, @dalrymple, @bradesposito, @summeranne, @sarahjeong, @miarsato, @reckless and @blackamazon
@nicolemfoy:
Memo: Gannett plans layoffs, a month after imposing furloughs, giving the news division notice on December 1 and December 2; other divisions will also face cuts — another round of Gannett layoffs announced today, planned for Dec. 1 and 2 https://twitter.com/...
Discussion:
@andreeball, Poynter, @andreeball, @thechowderhead, @tuckwoodstock, @tuckwoodstock, @thechowderhead, @andreeball, @andreeball, @andreeball, @jmhaigh, Media Nation, @bethany_bruner, @andrwfhenderson, @ehernandez, @gaufre, @katikokal, @moirawarburton, @kathryncasteel, @galenbacharier, @katikokal, @mattdpearce, @carlos_frias, @fatimafarha_, @katikokal and @kavalertara
Alex Weprin / The Hollywood Reporter:
In a Q&A, Condé Nast CEO Roger Lynch says print ad revenue, which made up two-thirds of revenue six or seven years ago, will be below 10% in the next five years — The exec talks candidly about the effort to mine archives for film and TV projects, weathering an advertising downturn …
Discussion:
@erik_hayden and @alexweprin
Thomas Buckley / Bloomberg:
Hasbro decides to sell most of Entertainment One, whose content is for adults; sources: EOne's media assets generated ~$1B in 2021 revenue, or ~16% for Hasbro — 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:
IndieWire, Media Play News, The Hollywood Reporter, The Wrap and Variety
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.
Alex Weprin / The Hollywood Reporter:
Filing: Roku plans to reduce its workforce by about 5%, representing roughly 200 jobs, in Q4 2022 and into Q1 2023, “due to current economic conditions” — The cuts represent about 5 percent of the company's workforce.
Discussion:
Adweek, The Verge, Los Angeles Times, Reuters, Engadget, The Desk, Light Reading, The Wrap, Variety, Deadline, IndieWire, Roku, TechCrunch and Next TV
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, @diaahadid, @sorayanelson, @daniellacheslow, @nancycbarnes, @elbeardsley, @emilyzfeng, @marklowen, Talking Biz News and Current, Thanks:@matthewkeyslive
Brian Steinberg / Variety:
Omnicom Media Group strikes a deal to integrate data from TelevisaUnivision into its Omni ID ad tool so advertisers can better reach US Latino customers — Omnicom Media Group has struck a partnership with TelevisaUnivision to expand its reach among Latino customers in the United States via use …
Discussion:
Adweek, Next TV, TelevisaUnivision and MediaPost
Sarah Scire / Nieman Lab:
Report: 29% of Americans age 13 and over listen to spoken word audio, up 45% since 2014; time spent listening to news fell from 81% to 62% on AM/FM radio — A new study shows more young Americans are listening to news, podcasts, and audiobooks than ever. Nearly all of that growth comes …
Discussion:
@sarahscire, @risj_oxford, Edison Research, @brucebartlett and MediaPost
Suzanne Vranica / Wall Street Journal:
iSpot.tv: crypto brands spent $84.6M on TV ads in February, vs. $3.5M from August to October; experts expect sports sponsorships will suffer the most post-FTX — Bankrupt exchange and crypto peers had spent heavily on advertising since 2021 — How FTX Went Bankrupt: What Went Wrong
Discussion:
@jcoviedo6, @margaretomara, @shiraovide and @eliotwb
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