Mediagazer: Paramount Global scraps its $2.2B deal to sell Simon & Schuster to Penguin Random House and says Penguin must pay a $200M termination fee (Mike Calia/CNBC)

5:35 PM ET, November 21, 2022

Top News:

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: Deadline, New York Times, Variety, Wall Street Journal, The Walt Disney Company, Insider, CNBC, Axios, Puck, Los Angeles Times, Observer, @theankler, Axios, NBC News, @scottgustin, @jacobrubashkin, The Wrap, @stevekopack, @claireatki, Looper, @benmullin, @radrappy, @benfritz, @reedhastings, @perezhilton, The Ringer, @bosnerdley, @carnage4life, @sherman4949, @micaburton, @superweeniehtjr, @latimes, @davejorgenson, @brianstelter, @big_business_, @panzer, @rickporter, @edmundlee, @zemthings, Media Play News, The A.V. Club, @morgantremaine, @sherman4949, Hot Girl Cinema, @santucci, @gtwscar, @sdkstl, @joannastern, The Guardian, @jeff_delgado, @carnage4life, Popculturology, @anthony, @davidlsims, Newslit Daily, @richlightshed, @laurenthomas, @reckless, @levie, @mattbelloni, @nycjim, @mgsiegler, GoldDerby, Forbes, @karaswisher, @bmccandless, The Playlist, @thr, @scottnover, @jeffrey_cane, @kimmasters, @parismartineau, @cgasparino, @molliedamon, @drewtailored, @jbflint, @karaswisher, @mgsiegler, @sarafischer, @carnage4life, @thatrebecca, Mediaite, @nkulw, @lucas_shaw, @lucas_shaw, Bloomberg, Transistori, Gizmodo, Decider, IndieWire, The Daily Beast, Barrett Media, TechCrunch and CBS News, more at Techmeme »

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: Variety, Insider, @sherman4949, PRWeek, SlashFilm, @claireatki, New York Post, Billboard, CNET, Adweek, The Verge, Looper, @sherman4949, Bounding Into Comics, Observer, Digital TV Europe, The Week, 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.

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, Fox News, @hayekmg, @michaelsocolow, @benmullin, @annaknicolaou, @frank_giustra and @soutikbbc

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: The Hill, Los Angeles Times, Next TV, @anthony, The Wrap, @claireatki, The Hollywood Reporter, Deadline and Barrett Media

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.

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

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: CNET, @lrainie and @pewinternet

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

Taylor Lorenz / Washington Post:

The ordeal of an 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.

Reuters:

Twitter reinstates Trump's account, after Elon Musk ran a Twitter poll where 51.8% of 15M+ users voted yes on reinstatement, saying “the people have spoken” — Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor …

Discussion: @elonmusk, @elonmusk, New York Magazine, TechCrunch, The Atlantic, KRDO, New York Times, @walshfreedom, Digital Journal, The Forbidden Texts, The Guardian, Observer, Ars Technica, MediaPost, Fox News, @repjimmygomez, Comical Opinions, @davidsacks, Insider, Mediaite, Super-Probably Relevant …, New Republic, Slate, CNET, FOX News Radio, @aoc, Semafor, National Review, ScreenRant, @shelbytalcott, @micaheadowcroft, @mediaite, @hankgreen, Vanity Fair, @sivavaid, @bajarin, @amanbatheja, @dangillmor, @brianklaas, Forbes, @karaswisher, @mcuban, @nouriel, @maryltrump, Reclaim The Net, @adamkinzinger, @brianstelter, @reuterstech, @mcuban, @nandoodles, @bgrueskin, @realsaavedra, @markos, @ibishblog, @reuters, @leogarnier, @scclemons, @penamerica, @frankfigliuzzi1, Jewish Telegraphic Agency, Axios, The Information, The Wrap, TMZ.com, Insider, Wall Street Journal, Variety, Mediaite, Bloomberg, New York Post, The Verge, Axios, The Shortcut, New York Daily News, SheKnows, @elonmusk and Oleg Dulin, more at Techmeme »

Paul Tassi / Forbes:

Twitter's automated copyright strike system appears to be broken, as users upload full movies; some accounts with viral tweets were later suspended — While Twitter, the website, remains online and has not simply collapsed after the vast majority of workers were fired or resigned under Elon Musk …

Discussion: @briannawu, Plagiarism Today, 9to5Mac, @bdsams, @lanceulanoff, DigitalKoans, @tomwarren, TheGamer, Insider and The Verge, more at Techmeme »

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More News:

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

Discussion: The Information, Insider, @garettsloane, @larakiara and Variety

Liz Neisloss / GBH:
Boston-based public media outlet GBH names former National Geographic Editor-in-Chief Susan Goldberg as its next CEO, starting December 1

Discussion: Radio & Television …, Inside Radio, The Wrap, @davidfolkenflik, The Hollywood Reporter, @singernews, @gbhnews, Current and @alexweprin

Elsa Keslassy / Variety:
Sources: French TV networks TF1 and M6 plan to sell their stakes in streaming service Salto, after deciding that the antitrust obligations are too cumbersome

Discussion: Broadband TV News, Deadline and Too Much TV Newsletter

Max Tani / Semafor:
Sources: some WaPo opinion writers were taken aback when their new editor David Shipley recently suggested publishing editorials as Instagram comments or haikus

Discussion: @semafor and @beachwoodreport

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

Max Tani / Semafor:
Meduza has millions of readers in Russia despite being blocked there, after boosting its Telegram following and using censorship-resistant tech in its app

Discussion: @semaforben

Earlier Picks:

American Press Institute:
Media Insight Project examines what topics Americans between 16 and 40 look for when seeking “hard news” and “news you can use” and which platforms they use

Discussion: @jimmacmillan, @kevinloker and @spj_tweets

Freddie deBoer:
Twitter is probably not going anywhere, and writers bemoaning its demise are overestimating the importance it has to their work and careers

Discussion: Nieman Lab, @dsilverman, Poynter, @tjbierschbach, @dcherring and Nieman Lab, more at Techmeme »

Laura Pellicer / WUNC:
Over 70% of Charlotte's WFAE content staffers sign a petition to unionize via SAG-AFTRA; it could be the first public radio station in the Carolinas to unionize

Discussion: @lauraplive, @lauraplive, @matthewkeyslive, @lauraplive, @matt_rasnic and @wunc

Gabby Miller / Columbia Journalism Review:
Parliamentary hearings for Canada's Online News Act restarted on Friday, where the committee was expected to begin clause-by-clause consideration

Discussion: Techdirt, @__gabbymiller, @chris_bittle, @paulvieira, @mgeist, @mediamorphis, NewsLab and @emilybell

Charles Pulliam-Moore / The Verge:
Former DC Films President Walter Hamada joins Paramount Pictures to oversee the studio's upcoming horror projects, after leaving Warner Bros. in October 2022

From Techmeme:

Richard Lawler / The Verge:
Okta fixes a flaw present since July 23, 2024, that let users log in under specific circumstances with any password if the account's username had 52+ characters

Jeffrey Dastin / Reuters:
Intel's CEO scraps forecast of selling $500M+ worth of Gaudi AI chips in 2024, blaming slower uptake on Gaudi 2 to Gaudi 3 transition and software ease of use

Chance Miller / 9to5Mac:
Popular photo editing company Pixelmator says it has signed an agreement to be acquired by Apple, pending regulatory approval, “to reach an even wider audience”

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