Mediagazer: 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 (Max Tani/@maxwelltani)

6:00 PM ET, November 17, 2022

Top News:

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/...

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 …

Discussion: @cliffordlevy, @mateagold, @newsbysamuels, @jdawsey1, @matt_pressman, @ashleyrparker, @froomkin, @philiprucker, The New York Times Company, @postroz, @stevenjay and Talking Biz News

@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/...

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

Alex Weprin / The Hollywood Reporter:

Q&A with Condé Nast CEO Roger Lynch, who expects print ad revenue, which was two-thirds of revenue six or seven years ago, to be below 10% within 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

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: Reuters, The Verge, Los Angeles Times, Adweek, Engadget, The Desk, TechCrunch, Light Reading, The Wrap, Variety, Deadline, IndieWire, Roku and Next TV

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: Vox, @ericabuddington, @ericalg, @mollyjongfast, @libraryjournal, Nieman Storyboard, @mollyjongfast, The Guardian, Los Angeles Times, Bloomberg, The Atlantic and bookforum.com

Sarah Scire / Nieman Lab:

Report: Americans aged 13+ spend 29% of their listening time on spoken word audio, up 45% since 2014; time spent listening to radio news fell from 81% to 62% — A new study shows more young Americans are listening to news, podcasts, and audiobooks than ever.

Discussion: @sarahscire, @risj_oxford, @brucebartlett, MediaPost and Sounds Profitable

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: Observer, @jcoviedo6, @margaretomara, @shiraovide and @eliotwb

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 TelevisaUnivision's data graph into its Omni ID tool to help advertisers better reach Latino customers in the US — 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

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