Top News:
Alex Weprin / The Hollywood Reporter:
The Walt Disney Company's board announces Bob Chapek will step down as CEO and be replaced by Bob Iger for two years effective immediately; stock jumps 5%+ — Disney's board of directors announced the move Sunday evening.
Discussion:
New York Times, Deadline, Variety, Wall Street Journal, The Walt Disney Company, Variety, Insider, CNBC, @theankler, Puck, Los Angeles Times, Axios, @scottgustin, NBC News, @jacobrubashkin, The Wrap, @stevekopack, @jbflint, Observer, @claireatki, @radrappy, The Ankler, @reedhastings, @bosnerdley, @carnage4life, @sherman4949, @micaburton, @superweeniehtjr, @latimes, @davejorgenson, @brianstelter, @big_business_, @panzer, @rickporter, @edmundlee, @zemthings, Media Play News, The A.V. Club, @morgantremaine, @sherman4949, @santucci, @gtwscar, @sdkstl, @joannastern, The Guardian, @jeff_delgado, @carnage4life, @anthony, @davidlsims, Newslit Daily, @richlightshed, @laurenthomas, @reckless, @levie, @megjameslat, @mattbelloni, @nycjim, Looper, @mgsiegler, GoldDerby, @benfritz, @karaswisher, @loudmouthjulia, @bmccandless, @benmullin, The Ringer, The Playlist, @perezhilton, @thr, @scottnover, @jeffrey_cane, @kimmasters, @parismartineau, @cgasparino, @molliedamon, @drewtailored, @jbflint, @karaswisher, @mgsiegler, @sarafischer, @carnage4life, @thatrebecca, @nkulw, @lucas_shaw, @lucas_shaw, Forbes, Decider, Transistori, Mediaite, Hot Girl Cinema, Popculturology, Bloomberg, Gizmodo, IndieWire, The Daily Beast, Barrett Media, CBS News and TechCrunch, more at Techmeme »
Discussion:
Brooks Barnes / New York Times: Disney Brings Back Bob Iger After Ousting Chapek as C.E.O.
Dominic Patten / Deadline: Disney Shocker! Bob Iger Back As CEO, Bob Chapek Out
Cynthia Littleton / Variety: DISNEY SHAKEUP: Bob Iger Back as CEO, Bob Chapek Out; Board Cites ‘Complex Industry Transformation’ for Shocking C-Suite Shuffle
The Walt Disney Company: The Walt Disney Company Board Of Directors Appoints Robert A. Iger As Chief Executive Officer
Matt Donnelly / Variety: ‘Disney Adults,’ Grown-Up Fans of Magic Kingdom, Are Rapturous Over Bob Iger's Return as CEO
Claire Atkinson / Insider: Inside Bob Iger's return to Disney: A senior executive's outreach to the former chief followed months of complaints to the board about CEO Bob Chapek
@theankler: Keep an eye on what happens to Bob Chapek's deputy Kareem Daniel. In May, @NicoleLaPorte1 reported that “Bob Iger was less of a Daniel fan...viewing him as too much of a corporate suit” https://theankler.com/...
Matthew Belloni / Puck: Disney's Bob vs. Bob Blame Game
Scott Gustin / @scottgustin: Bob Chapek was scheduled to introduce Elton John at tonight's concert currently streaming on Disney+, according to the Wall Street Journal. https://www.wsj.com/...
Daniel Arkin / NBC News: Disney brought back Bob Iger and booted his hand-picked replacement. Here's why.
Jacob Rubashkin / @jacobrubashkin: Bob Iger just sent a company wide email telling all employees to print out their ten best pages of scripts and bring them to the 15th floor of Disney HQ by 1am for review
Steve Kopack / @stevekopack: News that Bob Iger was coming back as CEO landed in Disney executive's inboxes while they were together at Dodger Stadium where the ousted CEO Chapek was set to introduce Elton John on a live Disney+ stream, per WSJ. (Instead a host for the Dodgers TV network introduced John) https://twitter.com/...
Joe Flint / @jbflint: Bob Iger to Disney creatives: “Over the coming weeks, we will begin implementing organizational and operating changes within the company. It is my intention to restructure things in a way that honors and respects creativity as the heart and soul of who we are.” Kareem Daniels out
Courtney Vinopal / Observer: Boomerang CEOs Are Bad for Business. Will Disney's Bob Iger Be an Exception?
Claire Atkinson / @claireatki: NEW: Numerous key creative and business executives were threatening to quit Disney unless Chapek was replaced. https://www.businessinsider.com/ ... via @businessinsider
Matt Braly / @radrappy: I cannot tell you how elated the entire animation industry is to see this man gone lmao
Richard Rushfield / The Ankler: Two Bobs and a Board: ‘Nobody Looks Good Here’
Bo Snerdley / @bosnerdley: Ron DeSantis wins again>><> https://www.wsj.com/...
@carnage4life: Bob Iger's whiteboard after a midnight EST code review of the Disney+ app after ensuring everyone left at the company is “hardcore” https://twitter.com/...
Alex Sherman / @sherman4949: This was June 28! The Disney board now has to pay Chapek many millions in severance when his contract simply would have run out in Feb. 2023. That looks clumsy at best. https://www.cnbc.com/...
Mica Burton / @micaburton: CHRISTMAS CAME EARLY. BYE BYE CHAPEK! HELLO BETTER DISNEY PARKS!!!!!!!!!! https://twitter.com/...
@latimes: The Walt Disney Co.'s board announced that Bob Iger is replacing Bob Chapek as CEO. The move comes months after the board gave Chapek three more years atop the company, citing strong leadership during the pandemic. https://www.latimes.com/...
Brian Stelter / @brianstelter: Disney board chair Susan Arnold “called Mr. Iger on Thursday and asked him to consider returning to the company, according to three people with knowledge of the matter” https://www.nytimes.com/...
@big_business_: Bob Chapek said animation is for kids not for adults and 2 weeks later he got fired and replaced by Bob Iger.
@panzer: Iger (and some key lieutenants) has plenty of responsibility for the state of Disney here and this isn't some sort of magic pill for a company in mid recession butttt - the last guy absolutely decimated Imagineering over a tax break. Reason enough to bring in the boot.
Rick Porter / @rickporter: I will read every single “how this happened” story, but especially the ones that get into how it came to be announced at almost 10 ET on a Sunday night. https://twitter.com/...
Edmund Lee / @edmundlee: Did Disney's board actually consider anyone else? Here's the irony: Disney is one of the few media companies that isn't controlled by a family owner, but acts as if it is, beholden to one man. https://www.nytimes.com/...
@zemthings: Chapek: “How can we cut back on spending?” Looks like they found a way. https://twitter.com/...
Erik Gruenwedel / Media Play News: Bob Iger Is Back as Disney CEO, But His Return Is Hardly Heroic
Matt Schimkowitz / The A.V. Club: Bob Iger returns as Disney CEO in a shocking conclusion of the Battle of the Bobs
Morgan Tremaine / @morgantremaine: Chapek dragged Disney through the pandemic and now the board wants things back on track with Iger, their most successful CEO since Walt. What this means for certain swashbuckling Disney franchises? Idk, but Iger was CEO in 2018 when they cut ties. https://twitter.com/...
John Santucci / @santucci: Iger has emailed all Disney employees to announce his return https://twitter.com/...
@gtwscar: I said on stream today that the winds were changing. The brand damage under Bobby paycheck was destroying creative spirit of company. You can't expect to milk your customers and expect them to come back over and over. Welcome back Iger. https://www.cnbc.com/...
Staci D Kramer / @sdkstl: >>Other Disney employees said they were baffled by Mr. Iger's Sunday email and immediately began asking if the message to employees was real or if it came from a hacked email account.<< https://twitter.com/...
Joanna Stern / @joannastern: Chapek is out. Iger is in again. Call it Disney-+! https://www.wsj.com/... https://twitter.com/...
Jeff Delgado / @jeff_delgado: Well it's obvious Chapek was used to do all the bad shit Iger didn't want to get blamed for. https://twitter.com/...
@carnage4life: Bob Iger handed off being Disney CEO to a successor just before COVID just to backseat drive so much that Bob Chapek quit and Bob Iger is back to being the CEO. Iger effectively took a COVID break as CEO and is back now it's over. 😮 https://www.cnbc.com/...
Anthony DeRosa / @anthony: Is the assumption that Iger will go out and make a high profile acquisition now that he's back in the seat? What would make the most sense? $DIS https://www.wsj.com/...
David Sims / @davidlsims: Chapek of Disney and Jason Kilar of WB are the two best examples, IMO, of tripling down on streaming when it was a bad short AND long-term bet; there was little profit in it to begin with, but it was also increasingly obvious come 2021 that it didn't make much sense long-term
Jose Montes de Oca / Newslit Daily: 🏟 Welcome to the Joy-Free World Cup.
@richlightshed: “I can't explain what the board did in June,” Rich Greenfield, partner at LightShed Partners, told Insider. “But the management team and the creatives did not like Chapek nor the management structure he imposed.” $DIS 🙏 @claireatki https://www.businessinsider.com/ ...
Lauren Thomas / @laurenthomas: NEW: Nelson Peltz's activist firm Trian earlier this month bought >$800 million worth of Disney stock after the company's dismal earnings report, sources say. Trian is pushing for a board seat & other operational changes, as Bob Iger returns as CEO. $DIS https://www.wsj.com/...
Nilay Patel / @reckless: Iger coming back to Disney is the biggest “roll back the org chart changes” story in business history. We're going to have to do like a five hour Decoder
Meg James / @megjameslat: UPDATE: Kareem Daniel is out, Bob Iger just announced in a memo to Disney staff. We will be updating several stories, including this one. Iger is unwinding the controversial centralization of creative units under Daniel. https://twitter.com/...
Matthew Belloni / @mattbelloni: New @PuckNews: Bob Iger wasn't very coy about hiding what he wanted, you just had to look closely. https://puck.news/...
Jim Roberts / @nycjim: Elton John makes a cameo appearance in bombshell Disney drama. https://www.wsj.com/... https://twitter.com/...
Danny Bojic / Looper: What Does Bob Iger's Return To Disney Mean For Star Wars?
M.G. Siegler / @mgsiegler: The next question: do they work to bring back Kevin Mayer? But also, why didn't they go with him in the first place? Acquire Candle Media? And what does Tom Staggs think of any of this?! Seems too messy at this point?
Jordan Hoffman / GoldDerby: Sunday night shocker: Disney brings Bob Iger back in as CEO
Ben Fritz / @benfritz: I did not realize when I wrote this article five years ago that it would age like a fine bottle of wine. https://www.wsj.com/...
Kara Swisher / @karaswisher: I'll tell you 1 thing: If Bob Iger asked me for $8 for a product, it'd be worth it. And he'd never capriciously & malignantly re-platform stone-cold racists & antisemites & then bear hug them. Or make fun of people he'd fired. Or tweet dumb/dirty/juvenile memes. You get the idea. https://twitter.com/...
Julia Alexander / @loudmouthjulia: Precise words here. “Creativity” being the most important. It's not that Chapek was anti-creative, but his actions were perceived as pro-corporation, creative supplemented. One of Iger's strongest attributes is his EQ, which always made corporation feel supplementary to creative. https://twitter.com/...
Bill McCandless / @bmccandless: Hard to step down when your legs have been cut off. https://twitter.com/...
Ben Mullin / @benmullin: Disney BoD appointed Iger yesterday, per new 8K. Contract details (and more!) here: https://www.sec.gov/...
Alison Herman / The Ringer: Bob Iger Is Back at Disney
Perez Hilton / @perezhilton: Is this Disney admitting this last year has been a disaster?! https://deadline.com/...
@thr: Even Bob Iger acknowledged the surprise of his return to Disney in an email to employees, writing that he comes back “with an incredible sense of gratitude and humility — and, I must admit, a bit of amazement” https://thr.cm/HxNmAJa
Jeffrey Cane / @jeffrey_cane: “Chapek was faulted internally ... for being a leader who made big decisions without taking in sufficient information, according to the senior Disney insider and other high-level industry sources who spoke to Insider.” via @claireatki @thisisinsider https://www.businessinsider.com/ ...
@kimmasters: Disney will undoubtedly be re-organized (again). Creative execs rejoice. Kareem Daniels, not so much.
Paris Martineau / @parismartineau: bob iger just sent a company wide email telling all disney employees they have till 5pm tomorrow to decide if theyre ready to go ‘mad for the mouse’ or take severance
Charles Gasparino / @cgasparino: .@Disney's wokeness might appeal to the edit pages of progressive newspapers, but its a horrible biz model, and as I foreshadowed, ONE of the reasons Chapek it out. Other may be the odd rumor bouncing around Hollywood of $DIS-@AAPL combo which sounds loony https://www.wsj.com/...
Mollie Damon / @molliedamon: I'm going to pretend this is because he's just loving Andor THAT much. https://twitter.com/...
Drew Taylor / @drewtailored: The amount of behind-the-scenes maneuvering, last minute meetings and complicated payouts that had to be facilitated for this to happen makes my head spin. The stories that will be coming out soon and the major shakeups yet to happen ... buckle up. https://www.nytimes.com/...
Joe Flint / @jbflint: Disney CEO Bob Chapek was supposed to introduce Elton John at Dodger Stadium concert streamed on Disney+. Instead it's Bob Iger singing I'm Still Standing. https://www.wsj.com/...
Kara Swisher / @karaswisher: Ahaha. God, the gulf of management talent between @RobertIger and Elon is as wide as Valles Marineris on Mars. https://twitter.com/...
M.G. Siegler / @mgsiegler: Far from a Disney expert, but it seemed pretty clear from basically day one that Chapek was in over his head. Yes, the pandemic exacerbated it, obviously. Hindsight 20/20, etc. But it was not a fit. They backed into the decision. Iger should never have stepped back when he did.
Sara Fischer / @sarafischer: Iger didn't chose a successor that Wall Street trusted $DIS had a bad quarter but trend lines were there -Streaming losses were growing while linear & parks failed to bridge the gap -Whether those trends wouldve been prevented if Iger were CEO, who knows https://www.axios.com/... https://twitter.com/... https://twitter.com/...
@carnage4life: Bob Chapek being kicked out and Iger returning is a reminder that great companies treat fans as customers you strive to please not addicts you try to squeeze every dollar from. A good reminder for the powers that be at Twitter. https://www.sfgate.com/...
Rebecca Keegan / @thatrebecca: The One True Bob, First of His Name, King of the Nine Old Men, Lord of Burbank, Protector of the Mouse
Noah Kulwin / @nkulw: media execs like to invoke the william goldman line that “nobody knows anything” but everyone was championing streaming bc those execs actually do know *one* rule: do what Wall Street wants. in this case, that was to imitate Netflix, and it was a disaster https://twitter.com/...
Lucas Shaw / @lucas_shaw: While Bob Iger privately criticized Bob Chapek all year, there was 0 reporting in recent months suggesting he was coming back as CEO. Remarkable that Disney kept it under wraps.
Lucas Shaw / @lucas_shaw: Disney shares popped pre-market on the news of Bob Iger's return. Still down about 40% this year. https://www.bloomberg.com/...
Samantha Nungesser / Decider: “Not Great, Bob!” Bob Iger Replaces Bob Chapek As Disney CEO After Stock Plummets 40% In One Year
Sarah Rumpf / Mediaite: BREAKING: Bob Iger Returning as Disney CEO, Replacing Bob Chapek, Who Infamously Tangled With DeSantis
Hot Girl Cinema: Hot Girls Are Staging Emergency Group Chat Sessions With Ex-Coworker Because Bob Iger is Back in as Disney CEO
Germain Lussier / Gizmodo: Former Disney CEO Bob Iger to Return and Replace Current CEO Bob Chapek
Christian Zilko / IndieWire: Disney Announces Shocking CEO Shakeup: Bob Iger Returns, Bob Chapek Out
RELATED:
CNBC:
CEO Bob Iger tells employees Disney plans to restructure in the coming weeks, starting with the departure of Kareem Daniel, its head of media and entertainment — - Kareem Daniel, Disney's head of media and entertainment — and right hand to now-departed CEO Bob Chapek — is out at the company.
Discussion:
@benmullin, Next TV, Adweek, Deadline, Variety, The Wrap, @stupolitics, @davidpoland, Los Angeles Times, The Hollywood Reporter, @ivanthek, @loudmouthjulia, @sherman4949, IndieWire and @jyarow
Discussion:
Jon Lafayette / Next TV: Bob Iger Wastes No Time With Reorganization at Disney
Dade Hayes / Deadline: Kareem Daniel Exits Disney As Bob Iger Sets Restructuring Of Media And Entertainment Distribution Division
Joe Otterson / Variety: Bob Iger Announces Restructuring After Taking Disney Reins, Kareem Daniel to Exit
Stuart Rothenberg / @stupolitics: Wow. Again. Still. https://www.cnbc.com/...
David Poland / @davidpoland: How'd it take so long?!?! Disney CEO Bob Iger plans media restructuring, Kareem Daniel to leave https://www.cnbc.com/...
Caitlin Huston / The Hollywood Reporter: Kareem Daniel to Exit Disney as Bob Iger Unwinds Chapek Era Structure
@ivanthek: It's gonna take a lot to convince me Iger hasn't been thinking about this for months. https://twitter.com/...
Julia Alexander / @loudmouthjulia: The most inevitable move in the Game of Bobs. https://twitter.com/...
Alex Sherman / @sherman4949: Bob Iger just sent a memo to employees — confirming two things we expected. Kareem Daniel is leaving the company and DMED will be reorganized. Read the full memo here. https://www.cnbc.com/...
Brian Welk / IndieWire: Kareem Daniel to Exit Disney as Bob Iger Returns
CNBC:
Sources: Disney board rehired Bob Iger after complaints from senior leadership, including CFO Christine McCarthy, about Bob Chapek's management of the company — - Disney's board reached out to Bob Iger on Friday about coming back as CEO. — Senior Disney leadership had concerns with Chapek's management of the company.
Discussion:
Puck, Variety, Variety, Insider, Awful Announcing, Sports Business Journal, Bloomberg, @sherman4949, Wall Street Journal, Deadline, Axios, @samitsarkar, @yashar, New York Post, @jordiepoblete, PRWeek, @claireatki, CNET, @robertmclaws, SlashFilm, @sherman4949, Bounding Into Comics, Observer, Digital TV Europe, The Week, Looper, Adweek, Billboard, The Verge, Ad Age and The Hill
Discussion:
Matthew Belloni / Puck: The Iger Shocker — Notes, intrigues, and analysis from across Hollywood on Iger's un-retirement …
Brent Lang / Variety: Disney CEO Bob Iger's Rich Compensation Package Revealed, Company Says Bob Chapek Fired ‘Without Cause’
Madeline Berg / Insider: Disney CEO Bob Iger's pay package is valued at $27 million a year
John Ourand / Sports Business Journal: SBJ Media: Iger's ESPN questions
Alex Sherman / @sherman4949: Latest details with how Disney's surprise exec swap went down this weekend. Chapek and his inner circle were totally surprised and continue to be, I'm told. Can also confirm some senior leadership expressed no confidence in him recently. https://www.cnbc.com/...
Deadline: Did Someone Save Disney's Life Last Night? Behind Bob Iger's Stunning CEO Return & What's Next For Media Giant
Samit Sarkar / @samitsarkar: this is wild https://www.cnbc.com/... like, was the board just taking a shot in the dark on Friday? “hm, you think Iger would say yes? nahhhhh... aw, what the hell, let's give it a shot” “holy shit, he agreed?! quick, let's put out a press release before he changes his mind!”
@yashar: NEWS The Disney board reached out to Bob Iger on Friday and Chapek was out by Sunday. Chapek and his allies were blindsided. @sherman4949 @Lilliannnn report https://www.cnbc.com/... https://twitter.com/...
Jordie Poblete / @jordiepoblete: TLDR; Disney CFO Christine McCarthy not only led the charge to get Chapek fired, but did so because he was going to blame her for the poor Q4 financial results that Disney reported a few weeks ago. He previously did the same thing to Catherine Powell (now exec at Airbnb) in 2019. https://twitter.com/...
Claire Atkinson / @claireatki: New @lmoses + @Reedalexander Bob Iger's return to Disney is fueling concern over future CEO succession plan: ‘People would struggle to write down three names inside Disney’ who could step up. $DIS https://www.businessinsider.com/ ... via @businessinsider
Joan E. Solsman / CNET: Disney Ousts CEO Bob Chapek and Brings Back Bob Iger
Robert McLaws / @robertmclaws: I mean, the dumb-ass head of an animation company said that animation was only for adults. Walt Disney was spinning in his grave. Last night, TikTok was filled with employees dancing in the parks, celebrating his banishment. Tells you everything you need to know. https://twitter.com/...
Alex Sherman / @sherman4949: An update here: Disney CFO Christine McCarthy was one of the executives that went to the board expressing no confidence in CEO Bob Chapek, sources say. McCarthy was Iger's CFO. She's held the position since 2015 and has a relationship with the board, I'm told. https://twitter.com/...
John F. Trent / Bounding Into Comics: The Walt Disney Company Attempts To Solve Its Problems By Rehiring The Architect Of Those Problems, Bob Iger Returns As CEO, Bob Chapek Is Out
Rachyl Jones / Observer: Bob Iger Returns as Disney's CEO After Bob Chapek is Ousted Less than Two Years into the Role
Brandon Shoaff / Looper: Bob Iger's Return As Disney CEO Could Lead To Some Major MCU Changes
Mollie Cahillane / Adweek: Bob Iger Returns as Disney CEO, Replacing Bob Chapek, in Shocking Shakeup
Lars Brandle / Billboard: Bob Iger Returning as Disney CEO, Bob Chapek Exits
Richard Lawler / The Verge: Bob Iger steps back in as Disney CEO, replacing Bob Chapek
Brad Dress / The Hill: Bob Iger back, Bob Chapek out as Disney CEO
Mark Sweney / The Guardian:
As Bob Iger becomes CEO ahead of the launch of an ad-supported Disney+ tier in the US, he will find his second tenure marked by job losses and cost cutting — Chief executive brought in Marvel, Star Wars and Fox - but he may now face job losses and cost cuts — Bob Iger is Disney's Mr Fixit.
Discussion:
New York Times, Financial Times, Financial Times, Los Angeles Times, Deadline, @annaknicolaou, Light Reading, The Wrap, @benmullin, @ericjackson, @esplanerd, @jeffmacke, Vox, Bloomberg, The Hollywood Reporter, @tvgrimreaper, New York Post, The Streamable, Next TV, Florida Politics, Associated Press, Insider, @parkscopejoe, @pkafka, @edgecliffe, NBC New York and ScreenRant
Discussion:
Ryan Faughnder / Los Angeles Times: Disney is not what it was when Bob Iger left. Does he have the magic touch to turn it around?
Dade Hayes / Deadline: Disney Shares Surge As Investors See Bob Iger Wielding Magic Wand In Return To CEO Role
Anna Nicolaou / @annaknicolaou: new: in recent weeks Disney executives including CFO Christine McCarthy have been approaching the company's board with concerns about Chapek. more details here w/ @JFK_America @alexebarker https://www.ft.com/...
Jeff Baumgartner / Light Reading: Bob Iger's return to Disney may shake up streaming biz
Ben Mullin / @benmullin: Earlier this year, a person close to Disney's board reached out to Kevin Mayer and Tom Staggs and floated a hypothetical question: Would one or both of them be interested in returning to run Disney? Both demurred (they're running a startup!) https://www.nytimes.com/...
Eric Jackson / @ericjackson: McCarthy is a good CFO https://twitter.com/...
@esplanerd: She cut Chapek's portion size, which is probably good for Disney's waistline. https://twitter.com/...
Jeff Macke / @jeffmacke: Bob Iger is as stunned as Howard Schultz was when he was asked to come back to $SBUX. “Sure I've been plotting this since literally before I left but it's amazing how fast it came together for me” Iger didn't have to say. https://twitter.com/...
Caitlin Huston / The Hollywood Reporter: Bob Iger's Return Rallies Disney Stock as Wall Street Shows Cautious Optimism
@tvgrimreaper: The media loves them some Iger. “the takeover of Rupert Murdoch's Fox that helped arm Disney for a global streaming showdown with Netflix” Iger overpaid for a declining grab bag of dreck. https://twitter.com/...
Thomas Barrabi / New York Post: Bob Iger's return as Disney CEO ‘blindsided’ ousted Bob Chapek: sources
Matt Tamanini / The Streamable: Bob Iger Returns as Disney CEO: Will He Unwind Chapek's Streaming Strategy, Price Hikes?
Associated Press: Even Bob Iger is surprised by his return as Disney CEO: ‘I must admit, a bit of amazement’
Zahra Tayeb / Insider: Disney shares jump as Bob Iger returns to lead the company after shock dismissal of CEO
Parkscope Joe / @parkscopejoe: painting a really dire picture of tWDC and I dunno how Iger handles this. https://www.ft.com/... https://twitter.com/...
Peter Kafka / @pkafka: “It's a very different landscape than even 18 months ago,” an executive at one of Disney's competitors texted to me. “Hopefully he can figure out the model. No one has yet.” https://twitter.com/...
@edgecliffe: Disney executives loyal to Bob Iger led an insurrection which prompted the board to oust Bob Chapek, @annaknicolaou, @JFK_America & @alexebarker report via @FT $DIS https://www.ft.com/...
Thomas Bacon / ScreenRant: 4 Major Disney Problems Revealed By Bob Iger's CEO Return
Financial Times:
A look at Chris Licht's plans to turn CNN around, as the executive says it is “bullshit” and a big misconception that his vision is to be a “vanilla” centrist — Chris Licht, the network's recently appointed chief executive, is preparing a fresh approach to news and deep job cuts after a slump in revenues
Discussion:
@hughhewitt, @edgecliffe, @hayekmg, @michaelsocolow, @benmullin, Fox News, @annaknicolaou, @frank_giustra and @soutikbbc
Discussion:
Hugh Hewitt / @hughhewitt: It's not possible to be “neutral,” but platforms can be “balanced.” From my @washingtonpost column today: “A 50-50 red-blue America — like it or not, that's what we have — is politically paralyzed this Thanksgiving.” Cover each 50% in good faith. https://www.ft.com/...
@edgecliffe: Chris Licht is “CNN's first leader to face a ratings crunch, an ad recession, low morale, tough cost-cutting targets, an editorial reset & structural decline in CNN's business model — all at the same time.” @alexebarker @grimes_ce @annaknicolaou via @FT https://www.ft.com/...
@hayekmg: #CNN wants to stay neutral in a divided America. Will anyone watch? Chris Licht, the network's recently appointed chief executive, is preparing a fresh approach to news and deep job cuts after a slump in revenues. - via @FinancialTimes | @CNN @cnni https://www.ft.com/...
Michael Socolow / @michaelsocolow: “CNN's share of cable subscriber fees, the boon that made its business model one of the greatest in the history of news, is expected to fall by as much as 6 per cent in 2022.” Cord-cutting is real, it's increasing and it informs editorial decision making. https://www.ft.com/...
Ben Mullin / @benmullin: “Licht's team [at CNN] estimated operating profits this year will be $700mn-$750mn, according to three people familiar with the accounts.” https://www.ft.com/...
Anna Nicolaou / @annaknicolaou: The Trump era was very good for business. Now, CNN's board wants it to pivot to “neutral”. That's more important to them than profit, which has fallen off a cliff. 2022 profit estimated $700mn, down almost $500mn from the peak w/ @alexebarker @grimes_ce https://www.ft.com/...
Frank Giustra / @frank_giustra: “The Trump era — brimming with anger, division and discord — had made for spectacularly good ratings and record profits. Polarisation was good for business.” Read that last part again.. https://www.ft.com/...
RELATED:
Brian Steinberg / Variety:
Memo: Michael Bass, CNN's longtime programming chief who was one of three executives who led CNN after Jeff Zucker's ouster, plans to leave at the end of 2022 — His departure was revealed to staffers at the Warner Bros. Discovery-backed outlet's daily news meeting Monday.
Discussion:
Next TV, @anthony, The Wrap, Los Angeles Times, @claireatki, The Hollywood Reporter, Deadline, The Hill and Barrett Media
Discussion:
Daniel Frankel / Next TV: CNN's Top Remaining Zucker Holdover, Programming Chief Michael Bass, Set to Exit
Anthony DeRosa / @anthony: Michael Bass, the longtime CNN programming chief who played a role in devising the network's more passionate demeanor during the Trump era, is leaving the network https://variety.com/...
Stephen Battaglio / Los Angeles Times: More changes at CNN as top programming executive to leave at year's end
@claireatki: Michael Bass, one of the trio of CNN execs who led the company after Jeff Zucker stepped down, is exiting CNN at the end of the year. Will the others -Amy Entelis and Ken Jautz - remain?
Dade Hayes / Deadline: Michael Bass, CNN Programming Chief & Longtime Jeff Zucker Lieutenant, To Exit Network At End Of Year
Dominick Mastrangelo / The Hill: Top CNN programming boss to exit network
Eduardo Razo / Barrett Media: Programming Chief Michael Bass Latest to Exit CNN
Jim Waterson / The Guardian:
The BBC's Qatar World Cup coverage ignored the opening ceremony, instead criticizing the treatment of migrant workers, corruption, and homosexuality bans — Coverage kicks off with focus on treatment of migrant workers and gay people, and corruption at Fifa
Discussion:
@binweevillie, Washington Post, Human Rights Watch, The Comeback, @rickoshea, @sportingintel, @ainiladra, @bbcrosatkins, @jimwaterson, Front Office Sports, @piersmorgan, @bob_cart124, @graceonfootball, @kenroth, @mattschiavenza, @dpjhodges, BBC, @scottygb, @graceonfootball, @fatimabarkatula, @tomgara, Different Strokes, @tiatia2000, @garylineker, Al Jazeera, The Guardian and Fortune
Discussion:
@binweevillie: Gary Lineker starting the world cup showing with that speech damn https://twitter.com/...
Justine McDaniel / Washington Post: FIFA head rebuffs critics, says ‘I feel’ like gay people or migrants
Rick O'Shea / @rickoshea: This. Fair play @GaryLineker, @AlexScott, @alanshearer, @BBCSport. https://www.theguardian.com/ ...
Nick Harris / @sportingintel: BBC ignores World Cup opening ceremony in favour of Qatar criticism https://www.theguardian.com/ ... Good piece by @jimwaterson and well played by the BBC, @GaryLineker, @BBCRosAtkins, @alanshearer, @AlexScott, @BowenBBC et al.
Leila / @ainiladra: qatar hosts the largest us military base in the region (al udeid) where the uk's raf is headquartered ... but it seems empire can't transcend its anti-arab & anti-muslim footing, no matter how accomodating its compradors are https://twitter.com/...
Ros Atkins / @bbcrosatkins: The World Cup starts today. @BBCSport asked us to look at why choosing Qatar as host continues to cause controversy. This is the 5 minute video we've made. Produced by Michael Cox, Mary Fuller and Nicholas Barrett. https://www.bbc.co.uk/... https://twitter.com/...
Jim Waterson / @jimwaterson: Qatar spent all that money on getting Morgan Freeman to do whatever he was doing for the opening ceremony and the BBC just... didn't bother showing it on their main channel.
Michael McCarthy / Front Office Sports: Fox Catching Flak For Tone-Deaf World Cup Coverage
Piers Morgan / @piersmorgan: Outrageously disrespectful to Qatar that the BBC didn't broadcast the World Cup opening ceremony, and instead put out more virtue-signalling guff about how awful it is. If they're that appalled, they should bring home their vast army of employees & spare us this absurd hypocrisy.
Robert Carter / @bob_cart124: The BBC has never boycotted a World Cup opening event until now, when it was hosted by the first Muslim Arab nation. Shameful display by the British state mouthpiece. Qatar should consider giving BBC the boot. 🥾💥 #FIFAWorldCup #BBC #Qatar2022 https://twitter.com/...
@graceonfootball: Yeah, BBC just decided to ignore the opening ceremony entirely. Partly just because they were showing the WSL until 5 minutes ago, but they've been straight into a basic overview of the Qatar talking points. https://twitter.com/...
Kenneth Roth / @kenroth: The BBC didn't broadcast the World Cup opening ceremony in Qatar because of the country's human rights record https://www.theguardian.com/ ... but DID broadcast the opening ceremony at the Beijing 2022 Olympics despite China's horrendous human rights record. https://www.bbc.co.uk/...
Matt Schiavenza / @mattschiavenza: Since the Beijing Olympics in 2008, it's been clear that authoritarian countries use prestigious athletic events like the Olympics or World Cup to gain global prestige without having to make any compromises whatsoever. https://twitter.com/...
@dpjhodges: Can anyone at the BBC say what objective criteria the Corporation will use going forward for deciding whether or not the opening ceremony for a sporting event is broadcast. https://twitter.com/...
Scott Bryan / @scottygb: Great point by @jimwaterson: “BBC viewers had just seen something unusual: a television broadcaster with the rights to show the world's biggest sporting event choosing to comprehensively trash the product it was about to serve up.” https://twitter.com/...
@graceonfootball: BBC are making a serious issue to discuss all the issues but, it has to be noted, it's BBC, they're not going to discuss any role British imperialism played in the modern state of Qatar.
@fatimabarkatula: Is this the sort of thing from the opening ceremony that the BBC didn't want people to see? Beautiful quotes from the Qur'an? #Qatar2022 https://twitter.com/...
Tom Gara / @tomgara: It's really bad to reserve this level of treatment for Qatar after we just had an Olympics in China and a World cup in Russia https://www.theguardian.com/ ...
Ashok Karanth / Different Strokes: Shut up and let the show go on — This is a strange World Cup, happening in the middle …
@tiatia2000: Those BBC pundits sat around slaying the human rights of Qatar whilst being sat in Qatar is so bizarre
@garylineker: In case you missed it, here's the opening ceremony. It's not customary for us to show any World Cup or Euros opening ceremonies in their entirety on @bbcone, but do make it available to view on @BBCiPlayer, red button and website. Very different, of course, for the Olympics. https://twitter.com/...
Mike Calia / CNBC:
Paramount Global scraps its $2.2B deal to sell Simon & Schuster to Penguin Random House and says Penguin must pay a $200M termination fee — - Paramount Global said Monday it scrapped its $2.2 billion deal to sell book publisher Simon & Schuster to rival Penguin Random House.
Discussion:
New York Times, The Hill, New York Times, @liz_a_harris, The Wrap, CNN, Financial Times, Wall Street Journal, Reuters, Variety, Deadline, Los Angeles Times, @barronsonline, The Guardian, Axios, @thelincoln, @adribbleofink, @liz_a_harris, @kerrymflynn, @abrahamjoseph, Bloomberg Law, Bloomberg, The Bookseller, @billineastala, @joepompeo, @benmullin, @adribbleofink, @svershbow, The Hollywood Reporter, Publishers Weekly, @gregvaneekhout, @ruthharrisbooks, @kathmschmidt and KRDO
Discussion:
New York Times: Penguin Random House-Simon & Schuster Deal Collapses, Breaking Pattern in Publishing
Elizabeth A. Harris / @liz_a_harris: NEWS: The Penguin Random House deal to buy Simon & Schuster is officially dead. Paramount has “terminated the Purchase Agreement.”
Sharon Knolle / The Wrap: Paramount to Collect $200 Million Kill Fee After Scrapping Sale of Simon & Schuster to Penguin Random House
Ramishah Maruf / CNN: Penguin Random House's $2.2 billon deal for Simon & Schuster is over
Jeffrey A. Trachtenberg / Wall Street Journal: Paramount Global Terminates Deal to Sell Publisher Simon & Schuster to Rival Penguin Random House
Reuters: Sources: Simon & Schuster owner Paramount Global declines to join Penguin Random House in appealing the ruling blocking their merger; deal will likely collapse
Brian Steinberg / Variety: Penguin Random House Owes Paramount $200 Million for Failed Simon & Schuster Deal
Jill Goldsmith / Deadline: Paramount Global Terminates $2.2B Simon & Schuster Sale But Still Wants Out Of Publishing Biz
Christie D'Zurilla / Los Angeles Times: Paramount pulls offer to sell Simon & Schuster to Penguin Random House
@barronsonline: The proposed $2.18 billion deal, disclosed in November 2020, was blocked on competitive grounds Oct. 31 by U.S. District Judge Florence Pan. https://www.barrons.com/...
Lincoln Michel / @thelincoln: And then there were... well five still I guess https://www.nytimes.com/...
Aidan Moher / @adribbleofink: Let's break up a few others while we're at it, huh? https://www.nytimes.com/...
Elizabeth A. Harris / @liz_a_harris: NEWS: Penguin Random House's deal to buy Simon & Schuster is on track to collapse on Tuesday. Paramount, which owns S&S, has decided to walk away. w/ @xanalter and @BenMullin https://www.nytimes.com/...
Kerry Flynn / @kerrymflynn: 🚨📚 Paramount is no longer selling Simon & Schuster to Penguin Random House — it will not appeal the judge's ruling from earlier this month 8K today confirms its decision to terminate and Simon & Schuster CEO Jonathan Karp emailed staff Context: https://www.axios.com/... https://twitter.com/...
Abraham Josephine Riesman / @abrahamjoseph: What if Elon buys my publisher, too https://twitter.com/...
WilliamThornton / @billineastala: The collapse of the $2.175 billion sale is a major blow to Penguin Random House's ambitions to expand its enormous market share. Penguin Random House will have to pay Paramount a termination fee of about $200 million once the deal falls through. https://www.nytimes.com/...
Joe Pompeo / @joepompeo: It's official: Paramount Global has “terminated the Purchase Agreement” that would have enabled PRH to still buy S&S, pending a successful appeal of a federal judge's October 31 ruling in favor of the DOJ: https://www.sec.gov/...
Ben Mullin / @benmullin: NEWS w/@Liz_A_Harris and @xanalter: Publishing megamerger between Penguin Random House and Simon & Schuster is on the verge of collapse after Paramount decided not to fight the DOJ: https://www.nytimes.com/...
Aidan Moher / @adribbleofink: I can't believe Schuster and Simon are getting divorced. Everything seemed fine! https://www.nytimes.com/...
Sophie Vershbow / @svershbow: “Penguin Random House will have to pay Paramount a termination fee of about $200 million once the deal falls through.” Solidarity with every PRH employee who knows they're about to get denied a $5000 raise next month despite doing the job of three people. https://www.nytimes.com/...
Winston Cho / The Hollywood Reporter: Paramount Scraps Simon & Schuster Sale to Penguin Random House, Will Get $200M Kill Fee
Jim Milliot / Publishers Weekly: PRH, S&S Deal Likely Dead
Greg van Eekhout / @gregvaneekhout: PRH must pay Paramount a $200,000,000 termination fee after their failed merger with S&S. https://www.nytimes.com/....
Ruth Harris / @ruthharrisbooks: Deal to Merge Two Publishing Giants Is on the Verge of Collapse Penguin Random House's agreement to buy Simon & Schuster is set to fall through. Simon & Schuster's parent company decided not to extend it after a judge blocked the purchase. https://ow.ly/...
Kathleen Schmidt / @kathmschmidt: Bertelsmann must pay a $200M kill fee, S&S goes back on the market. Simon & Schuster's owner to let sale to Penguin fall apart, sources say https://www.reuters.com/...
Hillel Italie / KRDO: Proposed merger of two publishing giants is officially over
Adam Piore / Columbia Journalism Review:
A profile of Justin Smith and Ben Smith and a look at their partnership leading Semafor, which Politico founder Robert Allbritton calls “Axios for FT people” — Justin Smith and Ben Smith are not related, nor did it seem likely that they'd ever become partners; the first time they met, it didn't go so well.
Discussion:
Pew Research Center:
A survey of US teens on social media: 80% feel closer to friends, 71% like showing creativity, 59% think its impact is neutral, and 38% are overwhelmed by drama — Majorities of teens credit social media with strengthening their friendships and providing support while also noting the emotionally charged side of these platforms
Discussion:
@pewinternet: 29% of teens say they have felt pressure to post content on social media that will get lots of likes or comments, and 23% say social media makes them feel worse about their own life. https://www.pewresearch.org/ ... https://twitter.com/...
Lee Rainie / @lrainie: Here's how U.S. teens describe the benefits they get from #social media. A full rundown of the pros and cons of the platforms, directly in teen voices, comes in the NEW @pewresearch report based on a survey and focus groups. https://www.pewresearch.org/ ... https://twitter.com/...
@pewinternet: When asked about the overall impact of social media on them personally, more teens say its effect has been mostly positive (32%) than say it has been mostly negative (9%). The majority (59%) describes its impact in neutral terms. https://www.pewresearch.org/ ... https://twitter.com/...
Taylor Lorenz / Washington Post:
The ordeal of a University of Arizona student journalist highlights the growing threat of online harassment to young journalists, driving some of them out — Young reporters are forced to contend with waves of abuse and harassment, driving some out of the industry before they even get started.
Discussion:
@pinkgrammar, @taylorlorenz, @queenkv, @michaelkruse, David Weir's Newsletter, @billkuchman, @michaelbolden, @kattenbarge, @nickcho, @jboren4507, @taylorlorenz, @dabeard, @fortesalatifi, @taylorlorenz, @smaclellan, @smaclellan, @malbertnews, @carolafrediani, @privacydigest, @sivavaid, @jhengstler, @ijbailey, @jeffjarvis, @tom_mallory and @lutzfernandez
Discussion:
Carla Correa / @pinkgrammar: Students speaking on the condition of anonymity because they feared further harassment said they shied away from big stories because of the backlash they knew they'd receive simply for reporting on something controversial. A good read from @TaylorLorenz. https://www.washingtonpost.com/ ...
@taylorlorenz: Institutions are wildly unprepared to deal with online harassment. Krupp and her mother begged the school to take action while she was being viciously harassed. The school only issued public support for Krupp after the Post reached out for comment. https://www.washingtonpost.com/ ... https://twitter.com/...
Kris Vera-Phillips / @queenkv: Young reporters forced to deal with waves of abuse and harassment, driving some out of the industry. Example: TikTok fans target @uarizona @dailywildcat reporter, some claiming: “her mouth should be tied shut the rest of her life.” 📝@taylorlorenz https://www.washingtonpost.com/ ... https://twitter.com/...
Michael Kruse / @michaelkruse: “Walking to class, it's humiliating to have things like this said about me. My friend and I were walking and these boys were like, 'Oh there's the journalist' ...” https://www.washingtonpost.com/ ...
David Weir / David Weir's Newsletter: Killing the Messenger — A recent article in the Washington Post, “Online mobs are now coming …
Bill Kuchman / @billkuchman: The targeted harassment and intimidation these kids face could wipe out an entire generation of future journalists. https://twitter.com/...
Michael Bolden / @michaelbolden: Young reporters are forced to contend with waves of abuse and harassment, driving some out of the industry before they even get started. by @TaylorLorenz @washingtonpost https://www.washingtonpost.com/ ...
Kat Tenbarge / @kattenbarge: I'm absolutely gutted to read this @TaylorLorenz story about misogynistic online harassment from a TikToker against a student journalist who profiled him. Weaponized online harassment threatens press freedoms and poses an existential threat to democracy https://www.washingtonpost.com/ ...
Nick Cho / @nickcho: This is a terrible situation. What can be done when creators react to valid criticism by unleashing their significant follower count on their critics? Thankful as always for @TaylorLorenz and her reporting! https://twitter.com/...
Jim Boren / @jboren4507: An online mob went after a student journalist at the University of Arizona, and @UArizona officials ignored the threats until The Washington Post made inquiries to the administration. @dailywildcat https://www.washingtonpost.com/ ...
@taylorlorenz: Here's what just one young female journalist has been forced to endure after writing a single story about a popular local TikToker https://www.washingtonpost.com/ ... https://twitter.com/...
David Beard / @dabeard: Online mobs are going after student journalists. “I hope when our society wakes again you are lined up and shot,” read one text to a journalist after an article. Dozens of others berated her appearance, threatened her, and called her misogynistic slurs. https://www.washingtonpost.com/ ...
Fortesa Latifi / @fortesalatifi: stunning reporting from @TaylorLorenz on what happened to a student journalist when she reported on a UA TikTok creator. displeased w the profile, the creator published her phone #, leading to rape and death threats. it took weeks for the school to respond https://www.washingtonpost.com/ ...
@taylorlorenz: Targeted online harassment has become a pervasive threat to newsrooms across the country and the problem is particularly inescapable for student journalists, whose lives are nearly entirely online https://www.washingtonpost.com/ ...
Stephanie MacLellan / @smaclellan: 3) It is 2022, social media has existed for 15+ years, and police still have no clue how to handle targeted online harassment. https://www.washingtonpost.com/ ... https://twitter.com/...
Stephanie MacLellan / @smaclellan: Three takeaways from this piece. 1) Young journos being abused can't just “go offline”: “Growing a public image is also crucial to getting hired out of school, but maintaining that image online also gives harassers more places to target their attacks.” https://www.washingtonpost.com/ ...
Mark Albert / @malbertnews: MORE: Mike Hiestand, senior legal counsel at @SPLC: “I've been doing this for close to 30 years, and it's a climate I've never really seen before, the way people are going after students”: https://www.washingtonpost.com/ ... #journalism
Carola Frediani / @carolafrediani: “Growing a public image is also crucial to getting hired out of school, but maintaining that image online also gives harassers more places to target their attacks” -> Online mobs are now coming for student journalists https://www.washingtonpost.com/ ...
@privacydigest: Online mobs are now coming for student journalists The experience of an Arizona student journalist highlights the growing threat that online harassment poses to journalists, especially those just starting out. https://www.washingtonpost.com/ ...
Siva Vaidhyanathan / @sivavaid: Online harassment of student journalist Olivia Krupp highlights the problem - The Washington Post https://www.washingtonpost.com/ ...
@jhengstler: “What we've seen is that women and people of color are much more likely to get harassed than straight White male counterparts, and that really has a silencing effect for those voices."K Jacobsen, US & Canada program coordinator Cmmtt to Protect Journalists https://www.washingtonpost.com/ ...
@ijbailey: Colleges and universities must get better at supporting student journalists when they are being attacked for reporting and writing. That, too, is a free speech and academic freedom issue. The University of Arizona failed in this instance. https://www.washingtonpost.com/ ...
Jeff Jarvis / @jeffjarvis: And an editor at the Washington Post recently made matters no better by attacking student journalists at UVa.... Online mobs are now coming for student journalists https://www.washingtonpost.com/ ...
Tom Mallory / @tom_mallory: “Targeted online harassment has become a pervasive threat to newsrooms across the country.” https://www.washingtonpost.com/ ...
Anne Lutz Fernandez / @lutzfernandez: “All experts...were adamant that reputational harm is a primary goal of online harassment campaigns. ‘Harassers and bad actors are trying to muddy the waters and make it very difficult for young, diverse voices to enter the media ecosystem.’” https://www.washingtonpost.com/ ...
Press Gazette:
Associated Newspapers will pay “substantial damages” to Koo Stark, an ex-girlfriend of Prince Andrew, for calling her a “porn star” in a 2019 Daily Mail article — A former girlfriend of the Duke of York will receive “substantial damages” from the publisher …