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:
Variety, New York Times, Insider, Deadline, Wall Street Journal, The Walt Disney Company, Variety, @theankler, CNBC, Axios, NBC News, @jacobrubashkin, @scottgustin, Puck, Los Angeles Times, The Wrap, @stevekopack, @jbflint, @claireatki, @radrappy, @reedhastings, @bosnerdley, @carnage4life, @sherman4949, @superweeniehtjr, @davejorgenson, @brianstelter, @big_business_, Media Play News, Observer, The A.V. Club, @morgantremaine, @sherman4949, @gtwscar, @sdkstl, @joannastern, @anthony, @davidlsims, Newslit Daily, @richlightshed, @laurenthomas, @levie, @megjameslat, @mattbelloni, @nycjim, Looper, @mgsiegler, GoldDerby, @benfritz, @karaswisher, @loudmouthjulia, @benmullin, The Ringer, The Playlist, @perezhilton, @jeffrey_cane, @parismartineau, @cgasparino, @karaswisher, @mgsiegler, @carnage4life, @thatrebecca, @nkulw, @lucas_shaw, @sarafischer, @jbflint, @thr, @rickporter, @jeff_delgado, @molliedamon, Decider, @panzer, @kimmasters, @zemthings, @reckless, @edmundlee, @lucas_shaw, @scottnover, @drewtailored, @latimes, @carnage4life, @bmccandless, @santucci, @micaburton, The Guardian, The Ankler, Forbes, Mediaite, Transistori, Hot Girl Cinema, Popculturology, Bloomberg, Gizmodo, IndieWire, The Daily Beast, CBS News, Barrett Media and TechCrunch, more at Techmeme »
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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, Bloomberg, @kimmasters, Insider, @sherman4949, Sports Business Journal, Awful Announcing, @hedgeyecomm, @carlquintanilla, New York Post, @loudmouthjulia, Wall Street Journal, Deadline, PRWeek, @claireatki, @yashar, @samitsarkar, CNET, @robertmclaws, @jordiepoblete, SlashFilm, @loudmouthjulia, @sherman4949, @pucknews, Bounding Into Comics, Observer, Digital TV Europe, Looper, Axios, 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:
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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.
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:
Mediaite, TVNewser, The Hill, Next TV, @anthony, The Wrap, Los Angeles Times, @claireatki, The Hollywood Reporter, Deadline 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 Hill, @nytimesbusiness, The Wrap, Reuters, CNN, Deadline, @sarahw, @qianjuliewang, Wall Street Journal, Los Angeles Times, The Guardian, Axios, Financial Times, @liz_a_harris, @kerrymflynn, @abrahamjoseph, Bloomberg Law, Bloomberg, The Bookseller, @billineastala, @joepompeo, @thelincoln, @benmullin, @barronsonline, @adribbleofink, @svershbow, The Hollywood Reporter, Publishers Weekly, @gregvaneekhout, @ruthharrisbooks, @kathmschmidt, @adribbleofink, Variety and KRDO
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
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, Human Rights Watch, The Comeback, Washington Post, @rickoshea, @ainiladra, @bbcrosatkins, @jimwaterson, Front Office Sports, @piersmorgan, @bob_cart124, @graceonfootball, @kenroth, @dpjhodges, @scottygb, @graceonfootball, @fatimabarkatula, @tiatia2000, @garylineker, BBC, Different Strokes, @mattschiavenza, @sportingintel, @tomgara, Al Jazeera and The Guardian
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
Lauren Hirsch / New York Times:
Concerned that a merger with Fox would undervalue News Corp, some investors raise concerns with a special committee of independent board members — Concerned that a merger would undervalue News Corp, investors are asking a special committee of independent board members to look more skeptically at the proposal.
Discussion:
Deadline and Talking Biz News
The Daily Beast:
Sources: the AP fires James LaPorta, the reporter behind a retracted Nov. 15 story based on one unnamed source that alleged Russian missiles crossed into Poland — The Associated Press scared much of the world last Tuesday when it alerted readers that “a senior U.S. intelligence official” …
Discussion:
Mediaite, National Review, @thedailybeast, @nuclearanthro, @jessewashington, @anthony, @nathanbrandwa and @corbinbolies
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