Mediagazer: 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 (CNBC)

4:30 AM ET, November 22, 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.

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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.

CNBC:

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, Deadline, @sherman4949, Adweek, SlashFilm, Variety, @davidpoland, @stupolitics, The Hollywood Reporter, @ivanthek, @fangirlcantina, IndieWire, @jyarow, The Wrap, @loudmouthjulia, Next TV and Financial Times

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.

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, @anthony, TVNewser, Los Angeles Times, @claireatki, Next TV, Deadline, The Wrap and The Hollywood Reporter

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, @johnnydollar01, @frank_giustra, @annaknicolaou, Fox News 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.

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.

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Joseph Bernstein / New York Times:

A look at journa.host, a Mastodon server for journalists begun by Planet Money's Adam Davidson, currently with ~2,000 members and $12,000 in Tow Center funding — Journa.host promises to be a new “reliable home for journalists.” What happens when they move in?

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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

Tom Kludt / Vanity Fair:

Sports media, which has traditionally strained to avoid politics, grapples at the Qatar World Cup with how to handle human rights concerns and protests — Reporters and broadcasters are grappling with how to handle human rights concerns, political protests, and unusual restrictions …

Discussion: Fox News, The Guardian, What It Is and Newser

Austin Carr / Bloomberg:

As Elon Musk throws around the phrase “citizen journalism” like a clueless media baron, his Twitter plan sounds like Forbes' infamous unpaid contributor network — Elon Musk is treating Twitter like a dying newspaper. But first... • Elizabeth Holmes was sentenced to 11 years in prison

Discussion: @riyademeran, @digiphile, @amandakhurley and @austincarr

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