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, @gaufre, @katikokal, @moirawarburton, @galenbacharier, @katikokal, @tuckwoodstock, @andreeball, @andreeball, @jmhaigh, @tuckwoodstock, @mattdpearce, @carlos_frias, @andreeball, @fatimafarha_, @andreeball, @andrwfhenderson, @katikokal, @thechowderhead, @thechowderhead, @kavalertara, @ehernandez, @kathryncasteel 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:
Insider, Wall Street Journal, Reuters, New York Times, @ap, @radleybalko, @nedryun, @orgasamic, @mattduss, @marcacaputo, The Daily Wire, Axios, CNBC, CNN, Washington Post, Fox News, @nickkristof, Bloomberg, @kaitlancollins, @karenattiah, The Guardian, @ragipsoylu, @jabrimd, @billbrowder, @redsteeze, @sarahleah1, @karenattiah and The Hill
Eberechukwu Etike / Technext:
Google launches the Google News Equity Fund to increase inclusiveness and diversity in media, with money going to 450 news organizations in 52 countries — 450 news organisations from 52 countries will receive funding from this year's Google News Equity Fund, according to a statement from Google.
Discussion:
The Current and Hong Kong Free Press HKFP
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:
@djbentley, @shwinyo, @zeyiyang, @harri_obi, @philwahba, @lydiabelanger, @jeremylittau, @_sanchezsabrina, @eduardosuarez, @end2008, @katiecanales1, @rohananthony23, @bethstebner, @editorialiste, @abrahamjoseph, @editorialiste, @jeremarketer, @kelseymsutton, @moorehn, @alex, @krtalman, @pkafka 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
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, Billboard and TMZ.com
Sara Fischer / Axios:
The Daily Wire says it has 1M+ paid subscribers to its streamer DailyWire+ and 100K subscriptions to its razor brand, and projects $200M in 2022 revenue — The Daily Wire, a conservative media and entertainment company, says it now has more than 1 million paid subscribers to its streaming service DailyWire+.
Discussion:
The Daily Wire, Mediaite and The Daily Wire
Elizabeth Wagmeister / Variety:
She Said, a movie about Megan Twohey and Jodi Kantor's investigation into Harvey Weinstein, is coming out today; survivors consulted and act in the film — Five years after allegations surfaced against Harvey Weinstein, the bombshell investigation that exposed the movie titan …
Discussion:
New York Times, National Review, Bloomberg, Rolling Stone, New York Post, The Wrap, Observer, Collider, Plain Dealer and IndieWire
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
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?
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:
Media Play News, The Wrap, IndieWire, The Hollywood Reporter and Variety
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