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:
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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:
The Hollywood Reporter, Variety, Puck, Insider, Awful Announcing, Bloomberg, @sherman4949, Sports Business Journal, New York Post, Axios, Deadline, Wall Street Journal, PRWeek, @claireatki, @yashar, @samitsarkar, CNET, @robertmclaws, @jordiepoblete, SlashFilm, @sherman4949, Bounding Into Comics, Observer, Digital TV Europe, Looper, The Week, Adweek, Billboard, The Verge, Ad Age and The Hill
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 Hollywood Reporter, @tvgrimreaper, New York Post, The Streamable, Vox, Next TV, @esplanerd, Florida Politics, Associated Press, @ericjackson, Insider, @benmullin, Bloomberg, @parkscopejoe, @pkafka, @edgecliffe, @jeffmacke, NBC New York and ScreenRant
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, Deadline, Adweek, Variety, The Wrap, @stupolitics, The Hollywood Reporter, Los Angeles Times, @ivanthek, @loudmouthjulia, @sherman4949, @davidpoland, IndieWire and @jyarow
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:
TVNewser, Next TV, @anthony, The Wrap, Los Angeles Times, @claireatki, The Hollywood Reporter, Deadline, The Hill and Barrett Media
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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
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, New York Times, @liz_a_harris, The Wrap, The Hill, CNN, Wall Street Journal, Deadline, Financial Times, Variety, Reuters, Los Angeles Times, The Guardian, Axios, @barronsonline, @liz_a_harris, @kerrymflynn, @abrahamjoseph, Bloomberg Law, Bloomberg, The Bookseller, @billineastala, @joepompeo, @thelincoln, @benmullin, @adribbleofink, @svershbow, The Hollywood Reporter, Publishers Weekly, @gregvaneekhout, @ruthharrisbooks, @kathmschmidt, @adribbleofink and KRDO
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, @ainiladra, @bbcrosatkins, @jimwaterson, Front Office Sports, @piersmorgan, @bob_cart124, @graceonfootball, @kenroth, @dpjhodges, BBC, @scottygb, @graceonfootball, @fatimabarkatula, @tiatia2000, @garylineker, Different Strokes, @mattschiavenza, @sportingintel, @tomgara, Al Jazeera and The Guardian
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:
@jackshafer and @betsymorais
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, CNET, @lrainie and @pewinternet
Todd Spangler / Variety:
CNN hires Insider CTO Alex Charalambides as its CTO, replacing Robyn Peterson; Charalambides will partner directly with CNN Digital chief Athan Stephanopoulos — CNN hired Alex Charalambides, most recently chief technology officer at digital media firm Insider Inc., as its new CTO.
Discussion:
Adweek
Garett Sloane / Ad Age:
Sources: Elon Musk picked Chris Riedy, Twitter's VP of Europe, Middle East, and Africa, as its new head of ad sales, following Robin Wheeler's departure — Chris Riedy, who has been with the company for more than 10 years, takes over the ad team and partnerships
Discussion:
Insider, @krafttea, The Information, @larakiara, @maureen2, @garettsloane and Variety, more at Techmeme »
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