Top 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/...
Discussion:
@andreeball, Poynter, @bethany_bruner, @ehernandez, @gaufre, @katikokal, @moirawarburton, @kathryncasteel, @galenbacharier, @katikokal, @tuckwoodstock, @andreeball, @andreeball, @jmhaigh, @tuckwoodstock, @mattdpearce, @carlos_frias, @andreeball, @fatimafarha_, @andreeball, @andrwfhenderson, @katikokal, @thechowderhead, @thechowderhead, @kavalertara and Media Nation
Associated Press:
The White House issues a non-binding request that Mohammed bin Salman should be immune from a lawsuit over Jamal Khashoggi's killing; a judge must now decide — The Biden administration declared Thursday that Saudi Arabia's crown prince should be considered immune from a lawsuit over his role …
Discussion:
Wall Street Journal, @ap, CNN, Axios, Washington Post, Reuters, CNBC, @karenattiah, @kaitlancollins, @karenattiah, @ragipsoylu, @jabrimd, @billbrowder, @sarahleah1, Fox News, @nickkristof, Bloomberg, The Guardian, @redsteeze and The Hill
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 …
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:
@harri_obi, @rohananthony23, @katiecanales1, @moorehn, @editorialiste, @djbentley, @editorialiste, @kelseymsutton, @shwinyo, @zeyiyang, @abrahamjoseph, @bethstebner, @philwahba, @lydiabelanger, @pkafka, @jeremylittau, @alex, @_sanchezsabrina, @krtalman, @jeremarketer, @end2008, @eduardosuarez and Talking Biz News
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
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?
Jonathan Stempel / Reuters:
Drake and 21 Savage agree to a preliminary injunction against resuming their marketing campaign that used a fake Vogue magazine cover — Drake and 21 Savage have stopped using Vogue trademarks to promote their new No. 1 album “Her Loss,” and agreed to a preliminary injunction against resuming their campaign.
Discussion:
Complete Music Update and Billboard
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:
The Wrap, IndieWire, The Hollywood Reporter and Variety
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:
@margaretomara, @shiraovide, @jcoviedo6 and @eliotwb
DFRLab:
DFRLab found 43 Facebook accounts with fake profiles that ran coordinated online campaigns to malign Moroccan journalists; Meta removed the accounts in May 2022 — Facebook removed a network of user accounts with potential links to Morocco-based campaign de-platformed in 2021
Discussion:
@globalrepcentre, @dfrlab, @dfrlab, @globalrepcentre, @globalrepcentre and Global Reporting Centre
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, Engadget, The Desk, TechCrunch, Light Reading, Adweek, The Wrap, Deadline, Variety, Roku, IndieWire, Next TV and Media Play News
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 and MediaPost
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