Top News:
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:
Jon Lafayette / Next TV: Bob Iger Wastes No Time With Reorganization at Disney
Caitlin Huston / The Hollywood Reporter: Kareem Daniel to Exit Disney as Bob Iger Unwinds Chapek Era Structure
Dade Hayes / Deadline: Kareem Daniel Exits Disney As Bob Iger Sets Restructuring Of Media And Entertainment Distribution Division
Khristopher J. Brooks / CBS News: Here's what CEO Bob Iger must do to revive Disney's magic
Drew Taylor / The Wrap: Bob Iger's Disney To-Do List: The 7 Biggest Things the Returning CEO Needs to Fix Now
Thomas Barrabi / New York Post: Bob Iger ousts ex-Disney CEO's top lieutenant Kareem Daniel in major shakeup
@fangirlcantina: “Iger announced Daniel's departure in a memo to employees Monday along with a “new structure that puts more decision-making back in the hands of our creative teams and rationalizes costs.” Some Star Wars/Marvel mention in article. https://www.cnbc.com/...
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/...
@ivanthek: It's gonna take a lot to convince me Iger hasn't been thinking about this for months. 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/...
Julia Alexander / @loudmouthjulia: The most inevitable move in the Game of Bobs. https://twitter.com/...
Jay Yarow / @jyarow: Iger moving quickly. Big re-org coming. Full memo here soon: https://www.cnbc.com/...
Brian Welk / IndieWire: Kareem Daniel to Exit Disney as Bob Iger Returns
RELATED:
CNBC:
Sources: Disney board rehired Bob Iger after complaints from senior leadership, including CFO Christine McCarthy, about Bob Chapek's management of the company
Discussion:
Wall Street Journal, The Hollywood Reporter, @kimmasters, @sherman4949, @jbflint, Insider, Insider, Sports Business Journal, Variety, @sarthakgh, @sunnyright, @hedgeyecomm, @richlightshed, Fortune, @ericjackson, @carlquintanilla, @loudmouthjulia, @samitsarkar, @yashar, New York Post, @jordiepoblete, @robertmclaws, @claireatki, Financial Times, Financial Times, CNN, @pucknews, @loudmouthjulia, @sherman4949, MediaPost, Bloomberg, Los Angeles Times, Deadline, Axios, The Ringer, SlashFilm, PRWeek, Looper, Bounding Into Comics, Observer, CBS News and Broadband TV News
Discussion:
@kimmasters: Here it is. Some board members were ready to fire Chapek in June... https://www.hollywoodreporter.com/ ...
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/...
Joe Flint / @jbflint: Financial bookkeeping nugget in this story regarding Disney+ and a “reverse windows” programming strategy in effort to make bottom line of streamer look better. One more thing that concerned Disney CFO Christine McCarthy about Chapek regime. https://www.wsj.com/...
Insider: 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
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
Sar Haribhakti / @sarthakgh: “Bob Iger messed up succession at Disney for 15 years. When he finally did it, it was a colossal mess-up. It's extraordinary that [Iger] is the guy they chose to come back. It speaks to his reputation and the board's lack of options and ineptitude.” https://www.hollywoodreporter.com/ ...
Sunny McSunnyface / @sunnyright: It sounds like Chapek was finally fired after he gave an upbeat phone briefing to investors despite awful earnings reports. He had also managed to alienate the company's animation divisions and the CFO https://www.wsj.com/...
@hedgeyecomm: Yup... $DIS “He is said to have warned at a board meeting in December 2021 in New York, just before he left the company, that the culture of Disney could be transformed negatively and rapidly. It was the last time he spoke to Chapek.” https://www.hollywoodreporter.com/ ... via @thr
@richlightshed: @espn quite a nugget @JBFlint @WSJ wonder how many legacy media companies pull similar financial engineering tactics #notgood https://www.wsj.com/... https://twitter.com/...
Christiaan Hetzner / Fortune: How a Disney senior staff rebellion put the final nail in Bob Chapek's CEO coffin
Eric Jackson / @ericjackson: They called [Chapek] and said, 'You're out. Our lawyers will call your lawyers.' No statement from him, no comment from him, no grace. It's fucking insane." Incredible tick tock from @kimmasters https://twitter.com/...
Carl Quintanilla / @carlquintanilla: “.. Bob Iger messed up succession at $DIS for 15 years. When he finally did it, it was a colossal mess-up. It's extraordinary that [Iger] is the guy they chose to come back.” (via @THR @kimmasters @alexweprin) https://www.hollywoodreporter.com/ ...
Julia Alexander / @loudmouthjulia: Great report on what happened within the board between Bob 2 and OG Bob. Notably, one other name was floated as interim CEO: Nike Chairman Mark Parker. Fascinating new details from @kimmasters https://www.hollywoodreporter.com/ ...
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/...
Allie Griffin / New York Post: Disney CFO said she lacked confidence in CEO Bob Chapek before his ouster
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/...
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/...
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
Francesca Friday / Financial Times: The Disney coup that brought down Bob Chapek
@pucknews: A Sunday night dagger of a press release thanked Chapek for his service and promised Iger would lead #Disney for two years to “set the strategic direction for renewed growth.” “That's the C-suite version of death by firing squad,” writes @MattBelloni. https://puck.news/...
Julia Alexander / @loudmouthjulia: Highly recommend reading @MattBelloni piece for a great breakdown of what was, what is, and what the board would like to become. https://puck.news/... Going to thread some additional quick takes below now that I've slept on it. But more to come tomorrow once I think some more!
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/...
Wayne Friedman / MediaPost: Iger's Disney Plan: Decentralize Creative Decision-Making — And Cut Back On Sports Rights?
Thomas Buckley / Bloomberg: When Disney Decided to Dump its CEO, the Change Happened Fast
Deadline: Did Someone Save Disney's Life Last Night? Behind Bob Iger's Stunning CEO Return & What's Next For Media Giant
Alison Herman / The Ringer: Bob Iger Is Back at Disney
Danny Bojic / Looper: What Does Bob Iger's Return To Disney Mean For Star Wars?
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
Chris Dziadul / Broadband TV News: Bob Iger returns to head Walt Disney
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
Discussion:
Alex Sherman / CNBC: Disney is counting on Bob Iger to make hard decisions about its streaming and TV assets - or find someone who will
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?
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/...
@thewrap: The bombshell decision by the Disney board to replace Bob Chapek with Bob Iger came down to a big miss on quarterly earnings reported earlier this month, according to multiple individuals with knowledge of the situation. https://www.thewrap.com/...
@onetakenews: The Disney board reportedly held an emergency meeting on Saturday night to finalize Bob Chapek's removal and bring back Bob Iger as CEO. (via https://www.thewrap.com/...) https://twitter.com/...
@thewrap: In recent months, Iger has also let it be known to his close confidantes “that he thought Chapek was a mistake,” as a second insider put it. https://www.thewrap.com/... https://twitter.com/...
Brian Stelter / @brianstelter: “...It is going to be hard to live up to the reputation he built as the most formidable media CEO ever. And he's going to have a short runway to pleasing Wall Street, his staff, creative partners, and the audience. So much for going out on top.” https://view.newsletters.cnn.com/ ...
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/...
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/...
Parkscope Joe / @parkscopejoe: painting a really dire picture of tWDC and I dunno how Iger handles this. https://www.ft.com/... 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/...
@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/...
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%+
Discussion:
@jbflint, The Week, Insider, Variety, New York Daily News, Puck, @theankler, @stevekopack, Wall Street Journal, Axios, @jacobrubashkin, The Walt Disney Company, NBC News, @scottgustin, New York Times, @claireatki, Axios, Looper, The A.V. Club, @kantrowitz, @edmundlee, Variety, @megjameslat, @loudmouthjulia, @benmullin, @benfritz, @perezhilton, Deadline, @superweeniehtjr, @mgsiegler, @mgsiegler, @nkulw, @davidlsims, @reedhastings, @bosnerdley, @sherman4949, @joannastern, @cgasparino, @jeffrey_cane, @anthony, @richlightshed, @lucas_shaw, @mattbelloni, @sherman4949, @radrappy, @laurenthomas, @nycjim, The Wrap, @brianstelter, The Wrap, Deadline, @levie, @karaswisher, @parismartineau, @thatrebecca, @morgantremaine, @carnage4life, @big_business_, @davejorgenson, @karaswisher, @sdkstl, @carnage4life, @gtwscar, CNBC, @sarafischer, @jbflint, @thr, @rickporter, @jeff_delgado, @molliedamon, @panzer, @kimmasters, @zemthings, @reckless, @edmundlee, @lucas_shaw, @scottnover, @drewtailored, Media Play News, @latimes, @carnage4life, @bmccandless, @santucci, @micaburton, The Playlist, Newslit Daily, The Streamable, GoldDerby, CNET, NBC New York, Decider, Mediaite, Digital TV Europe, CNBC, Digital Journal, Puck, Forbes, New York Post, Transistori, Adweek, Popculturology, Vanity Fair, Ad Age, Reuters, Billboard, Next TV, The Verge, Bloomberg, Light Reading, ScreenRant, CNN and The Daily Beast
Discussion:
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
Justin Klawans / The Week: Disney shares hit 2-year high following Bob Iger's return
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
Matt Donnelly / Variety: ‘Disney Adults,’ Grown-Up Fans of Magic Kingdom, Are Rapturous Over Bob Iger's Return as CEO
Jessica Schladebeck / New York Daily News: Meta denies report that Mark Zuckerberg is stepping down as CEO
Matthew Belloni / Puck: The Iger Shocker — Notes, intrigues, and analysis from across Hollywood on Iger's un-retirement …
@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/...
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/...
Michael Flaherty / Axios: Trian's Nelson Peltz eyes Disney board seat and opposes Bob Iger
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
The Walt Disney Company: The Walt Disney Company Board Of Directors Appoints Robert A. Iger As Chief Executive Officer
Daniel Arkin / NBC News: Disney brought back Bob Iger and booted his hand-picked replacement. Here's why.
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/...
Brooks Barnes / New York Times: Disney Brings Back Bob Iger After Ousting Chapek as C.E.O.
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
Alex Kantrowitz / @kantrowitz: Game of thrones shit went down between the Bobs at Disney last night. All with Elton John taking the stage. https://www.wsj.com/... https://twitter.com/...
Edmund Lee / @edmundlee: As @MattBelloni reported a few days ago, Wall Street analyst Michael Nathanson held an investor tour this week that included the retired Bob Iger. Iger clearly knew he was about to be reappointed CEO. Was this his way of softening the ground? https://puck.news/...
Cynthia Littleton / Variety: DISNEY SHAKEUP: Bob Iger Back as CEO, Bob Chapek Out; Board Cites ‘Complex Industry Transformation’ for Shocking C-Suite Shuffle
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/...
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/...
Ben Mullin / @benmullin: Disney BoD appointed Iger yesterday, per new 8K. Contract details (and more!) here: https://www.sec.gov/...
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/...
Perez Hilton / @perezhilton: Is this Disney admitting this last year has been a disaster?! https://deadline.com/...
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?
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.
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/...
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
Bo Snerdley / @bosnerdley: Ron DeSantis wins again>><> https://www.wsj.com/...
Joanna Stern / @joannastern: Chapek is out. Iger is in again. Call it Disney-+! https://www.wsj.com/... https://twitter.com/...
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/...
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/ ...
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/...
@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/ ...
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/...
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/...
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/...
Matt Braly / @radrappy: I cannot tell you how elated the entire animation industry is to see this man gone lmao
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/...
Jim Roberts / @nycjim: Elton John makes a cameo appearance in bombshell Disney drama. https://www.wsj.com/... https://twitter.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/...
Lucas Manfredi / The Wrap: Disney CEO Bob Iger Lines Up Potential $27 Million Annual Payday
Greg Evans / Deadline: Jimmy Kimmel Likens Bob Iger To Classic Coke
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/...
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
Rebecca Keegan / @thatrebecca: The One True Bob, First of His Name, King of the Nine Old Men, Lord of Burbank, Protector of the Mouse
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/...
@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/...
@big_business_: Bob Chapek said animation is for kids not for adults and 2 weeks later he got fired and replaced by Bob Iger.
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/...
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/...
@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/...
@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/...
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/...
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/...
@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
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/...
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/...
Mollie Damon / @molliedamon: I'm going to pretend this is because he's just loving Andor THAT much. https://twitter.com/...
@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.
@kimmasters: Disney will undoubtedly be re-organized (again). Creative execs rejoice. Kareem Daniels, not so much.
@zemthings: Chapek: “How can we cut back on spending?” Looks like they found a way. https://twitter.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
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/...
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.
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/...
Erik Gruenwedel / Media Play News: Bob Iger Is Back as Disney CEO, But His Return Is Hardly Heroic
@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/...
@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/...
Bill McCandless / @bmccandless: Hard to step down when your legs have been cut off. https://twitter.com/...
John Santucci / @santucci: Iger has emailed all Disney employees to announce his return https://twitter.com/...
Mica Burton / @micaburton: CHRISTMAS CAME EARLY. BYE BYE CHAPEK! HELLO BETTER DISNEY PARKS!!!!!!!!!! https://twitter.com/...
Jose Montes de Oca / Newslit Daily: 🏟 Welcome to the Joy-Free World Cup.
Matt Tamanini / The Streamable: Bob Iger Returns as Disney CEO: Will He Unwind Chapek's Streaming Strategy, Price Hikes?
Jordan Hoffman / GoldDerby: Sunday night shocker: Disney brings Bob Iger back in as CEO
Joan E. Solsman / CNET: Disney Ousts CEO Bob Chapek and Brings Back Bob Iger
Samantha Nungesser / Decider: “Not Great, Bob!” Bob Iger Replaces Bob Chapek As Disney CEO After Stock Plummets 40% In One Year
Jackson Richman / Mediaite: Jim Cramer Called for Bob Chapek to Be Fired as Disney CEO Just DAYS Before He Was
Mike Calia / CNBC: Disney shares rise after Iger replaces Chapek as CEO
Matthew Belloni / Puck: Disney's Bob vs. Bob Blame Game
Allie Griffin / New York Post: Disney ousts Bob Chapek, brings back Bob Iger as CEO
Mollie Cahillane / Adweek: Bob Iger Returns as Disney CEO, Replacing Bob Chapek, in Shocking Shakeup
Natalie Jarvey / Vanity Fair: Disney Bombshell: Robert Iger Returns as CEO, and Bob Chapek “Steps Down”
Lars Brandle / Billboard: Bob Iger Returning as Disney CEO, Bob Chapek Exits
Jon Lafayette / Next TV: Bob Iger Replaces Successor Bob Chapek As Disney CEO
Richard Lawler / The Verge: Bob Iger steps back in as Disney CEO, replacing Bob Chapek
Frank Pallotta / CNN: Bob Iger named Disney CEO in shocking development
WBTV-TV:
Meteorologist Jason Myers and pilot Chip Tayag were killed in the crash of a helicopter owned by Charlotte TV station WBTV, next to Interstate 77 — The two people were killed in a helicopter crash. — CHARLOTTE, N.C. (WBTV) - WBTV Meteorologist Jason Myers and Sky3 pilot Chip Tayag …
Discussion:
Next TV, The Charlotte Observer, Fox News, @axioscharlotte, @panthers, CBS News, @smorrisontv, @joebrunowsoc9, @kbtxrusty, @imcourtneyjcole, @nliddle16, @judigatson, @danielletrotta, @joebrunowsoc9, @sarahdillingham, @sarahsfrench, @ncbroadcasters, @hunt_saenz, @ericawsoc9, @mecklenburgems, @wbtv_news, @cltmotorspdwy, @kylebaileyclub, @wxgarrett and WCNC-TV
Discussion:
Michael Malone / Next TV: Two WBTV Charlotte Staffers Die in Helicopter Crash
Andrew Dys / The Charlotte Observer: Two people have died in the crash of a helicopter owned by Charlotte TV station WBTV next to Interstate 77
@axioscharlotte: We at Axios Charlotte wish to send our condolences to the friends and family of WBTV's Jason Myers and Chip Tayag, who died in a helicopter crash today. WBTV is our news partner, and the people who work there are among the best humans in the business. We are devastated for them.
Carolina Panthers / @panthers: Our thoughts are with our friends at WBTV on the loss of Jason Myers and Chip Tayag. We will have a moment of silence at tonight's Tree Lighting in their honor 💙
Emily Mae Czachor / CBS News: Local meteorologist and pilot killed in North Carolina helicopter crash
Shamarria Morrison / @smorrisontv: I am here with reporters from @WBTV_News and they are reporting side by side as a team. They're in shock, saddened and you can tell devastated—but still are persevering. My heart is with our colleagues at their station. https://twitter.com/...
Joe Bruno / @joebrunowsoc9: Chip was a hero and his actions today saved lives. Jason was an incredibly engaging and gifted meteorologist. As expected, the WBTV team has handled today with incredible grace, poise and professionalism.
Rusty Surette / @kbtxrusty: Sending prayers to our sister station in Charlotte, NC. @WBTV_News's helicopter went down today and two employees were killed. https://www.wbtv.com/...
@imcourtneyjcole: I just can't wrap my head around this..Jason was one of the last people I spoke to on Friday. We talked about the holidays and he wished me well on my new journey. I waved to Chip just last week - I didn't see him often but he was always kind.
Nicholas Liddle / @nliddle16: I can't imagine how their families and their colleagues are feeling right now. Sending up many prayers and healing energy up to our community at @WBTV_News.💙🙏 https://twitter.com/...
Judi Gatson / @judigatson: A heartbreaking 💔 loss for our friends & colleagues at our sister station, @WBTV_News. Please keep them, their families and everyone who knows and loves Chip & Jason lifted in prayer. 🙏🏽 https://twitter.com/...
Danielle Trotta / @danielletrotta: Tragic day, tremendous & sudden loss. My thoughts & prayers are with Jason & Chip's families & my entire WBTV family. https://twitter.com/...
Joe Bruno / @joebrunowsoc9: Incredibly devastated over the loss of @WBTV_News employees Jason Myers and Chip Tayag. My prayers are with their families and the entire Channel 3 team.
Sarah Dillingham / @sarahdillingham: Terrible loss for these families, local networks, and the area Charlotte communities they serve. Sending prayers for all involved. Just a tragic day 💔 https://twitter.com/...
Sarah French / @sarahsfrench: Praying for all those who knew and loved Pilot Chip Tayag & @JMyersWeather. Please pray for the @WBTV_News family. https://twitter.com/...
@ncbroadcasters: We join the NC broadcasting community today in mourning the tragic loss of @WBTV_News meteorologist Jason Myers and pilot Chip Tayagh who lost their lives in today's crash. Our hearts go out to their families, friends, and their WBTV family. https://twitter.com/...
Hunter Sáenz / @hunt_saenz: My deepest condolences, comfort and love is with our friends @WBTV_News and the families who lost their loved ones. Thinking of y'all while admiring y'all's strength in covering this. ❤️ https://www.wbtv.com/...
Erica Bryant / @ericawsoc9: Sending my deepest condolences to the Myers and Tayag families and the @WBTV_News family . WBTV mourning the loss of meteorologist Jason Myers, pilot Chip Tayag https://www.wbtv.com/...
@cltmotorspdwy: Our ❤️ is with our friends at WBTV and those affected by today's accident. 🙏 https://twitter.com/...
Big Foot Bailey / @kylebaileyclub: @WBTV_News Pure professionalism and strength from @MollyGrantham, @JamieBollWBTV, @abbytheodros, @JohnCarterWBTV, et al right now. They're covering a story that has left them personally devastated. Keep these folks in your hearts today.
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?
Discussion:
@nytimes, Tubefilter, @kantrowitz, @ibjiyongi, @nickconfessore, @joelmmathis, @rumpfshaker, @tomgara, The Markup, @jayrosen_nyu, @anildash, Fox News, @dceiver, @sergenyt, @tomfitton, @vprasadmdmph, @moorehn, Read Max and Journalism.co.uk
Discussion:
@nytimes: Troubled over the direction of Twitter, a veteran journalist wanted to build a “reliable home for journalists” on Mastodon. But the conflicts that have at times inflamed Twitter have already caused problems for him and his team. https://www.nytimes.com/...
Alex Kantrowitz / @kantrowitz: On Mastodon, a server administrator who's writing a substack about cancel culture with a user of that server suspended that user for calling a third user an activist. LOL https://www.nytimes.com/... https://twitter.com/...
Chanda Prescod-Weinstein / @ibjiyongi: So I saw this drama unfold online and the two things this journalism added to the convo and I think are maybe the most important part of the story: journa host has $12K in funding from Columbia U and Poynter is thinking about fully funding them. https://www.nytimes.com/...
Nick Confessore / @nickconfessore: This @Bernstein piece on Journo-Mastadon leaves me thinking that pre-Musk twitter was doing a relatively decent job at the impossible task of scaled content moderation. https://www.nytimes.com/...
Joel Mathis / @joelmmathis: Probably not the first person to note this, but the existence of a “journalist only” section of a social media site seems like a good way for reporters to wall themselves off from the messy public they're supposed to understand and explain. https://www.nytimes.com/...
Sarah Rumpf / @rumpfshaker: I'm on there. Seems ok so far. Less noisy. Slower (that's not necessarily a critique). https://journa.host/... https://twitter.com/...
Tom Gara / @tomgara: In Hitchikers Guide to the Galaxy there's a planet that tells all its middle managers and telemarketers that they've been chosen to be the first to settle a new planet, but it's really just shipping them off so everyone else can live in peace https://www.nytimes.com/...
Jay Rosen / @jayrosen_nyu: “Chaos on Twitter Leads a Group of Journalists to Start an Alternative.” On Mastodon. But that's no simple matter, either. The tricky part? Content moderation— of course. https://www.nytimes.com/...
@anildash: I know the NYT is institutionally must always pretend inside-baseball journalism shit is important, but it's wild that they give more ink to “people who have never moderated an online community are bad at it” than “major political party still trying to get journalists killed”. https://twitter.com/...
Fox News: Elon Musk cheers woke journalist migration from Twitter: ‘Judgy hall monitors stay on other platforms’
Jason Linkins / @dceiver: probably would have been smarter for journalists to learn a thing or two about how things work at Mastodon before landing there with a heavy hand; I'm not sure native users necessarily want Twitter replicated on that platform https://www.nytimes.com/...
Serge Kovaleski / @sergenyt: It's one thing to hope for a better community online, and another, very different one, to build it. Just ask the users and administrators of https://journa.host/, which was started by journalists concerned over the direction of Twitter. https://www.nytimes.com/...
Tom Fitton / @tomfitton: Leftists angry at @ElonMusk set up @Twitter alternative for “journalists” and immediately start censoring each other. https://www.nytimes.com/...
@vprasadmdmph: Such a great place for journalism. A place you can write all they want, and no one will ever read it. Like a diary. I can think of a few writers who should sign up right away. Hint: they covered school closures w/o visiting europe https://www.nytimes.com/...
Heidi N. Moore / @moorehn: $12,000 from the Tow-Knight Center for 10 journalists to gerrymander “who is a verified journalist” according to some arbitrary and undisclosed rules they made up. Okay. https://www.nytimes.com/...
Max Read / Read Max: What to read about Twitter — What is this? — Read Max is a newsletter devoted to explaining …
Marcela Kunova / Journalism.co.uk: How journalists can get verified on Mastodon
Deutsche Welle:
Six ex-Apple Daily staff, including its EIC and publisher, plead guilty to conspiracy to foreign collusion by calling for sanctions on Beijing and Hong Kong — The staffers of Apple Daily are involved in a landmark case under a Beijing-imposed national security law.
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:
Washington Post, @anthony, @idreesali114, @saddamscribe, @iamthewarax, The Desk, @zsk, @jayrosen_nyu, @macwbishop, @repdanbishop, @dwdavison, @mattgarrahan, @jonathanvswan, @dellcam, @sirajahashmi, @marykostakidis, @nuclearanthro, @mitchprothero, @jose_pagliery, @bradmossesq, @tbridis, @swin24, @mattgarrahan, Fraud and Hubris, @thedailybeast, @gabrielmalor, @sameralatrush, Newser, @michaelstahlke, @jessewashington, @nathanbrandwa, @corbinbolies, The Hill, Mediaite and New York Post
Discussion:
Paul Farhi / Washington Post: Associated Press reporter fired over erroneous story on Russian attack
Anthony DeRosa / @anthony: The AP fired James LaPorta, the investigative reporter responsible for the retracted story claiming Russian missiles crossed into Poland that relied upon a single unnamed government source https://www.thedailybeast.com/ ...
Idrees Ali / @idreesali114: What's going to happen to all those NATO ministers who publicly and wrongly said it was a Russian missile without actually verifying it at the time? https://twitter.com/...
@saddamscribe: @iAmTheWarax @coffeeshopjihad This appears to have been a mistake on the part of the source. Unless Jim did something dishonest, it strikes me as a correction and nothing more. There's clear culpability among editors for running with it as quickly as they did, and blaming Jim doesn't change that fact.
Matthew / @iamthewarax: editors at the associated press made a mistake when they rushed to publish based on information from a single source, then hung jim laporta out to dry to cover their own asses despicable behavior https://twitter.com/...
Matthew Keys / The Desk: Associated Press fires reporter over Russian missile story
Zoe Kleinman / @zsk: As a reporter this makes me absolutely shudder. It's so important, in the rush of the moment when you think you have HUGE NEWS and you trust your source... that you remember what you're trained to do. https://twitter.com/...
Jay Rosen / @jayrosen_nyu: So the AP gets a BIG fact wrong in a story based on a confidential source in the US government, and fires the reporter, who relied on a single source. Why not ID the source? Maybe there's a good reason but it should be explained. Also: don't the editors demand multiple sources? https://twitter.com/...
Mac William Bishop / @macwbishop: “I can't imagine a US intelligence official would be wrong on this.” JFC if you are an editor for a major news org you should be fired just for saying something this gullible and idiotic. https://www.washingtonpost.com/ ... https://twitter.com/...
Rep. Dan Bishop / @repdanbishop: Which “anonymous official” told the AP that Russia launched a missile strike on Poland? The story led Zelensky to call for NATO retaliation, which would mean world war. We need to know who made and spread this assessment. I will do all that I can to figure it out. https://twitter.com/... https://twitter.com/...
Derek Davison / @dwdavison: The AP fired the reporter but not the editor who, apparently, will literally believe and publish anything a US intelligence official tells her. https://twitter.com/... https://twitter.com/...
Matthew Garrahan / @mattgarrahan: The AP has fired the reporter responsible for the single sourced story last week that claimed Russia fired a missile into Poland. The story, which made the front pages of several UK newspapers, was completely wrong and eventually retracted by the AP. https://www.thedailybeast.com/ ...
Jonathan Swan / @jonathanvswan: Wow https://twitter.com/... https://twitter.com/...
Dell Cameron / @dellcam: so the AP has a rule about the number of sources needed to run a story; a reporter filed a story w/o enough sources; they ran the story anyway; and the only person who got in trouble is the reporter? is there something missing here? https://www.thedailybeast.com/ ...
Siraj Hashmi / @sirajahashmi: fire the AP editors who issued the alert of the false Russian missile attack on Poland, and then find the source who provided the tip to James LaPorta and make sure they never work in the intelligence community again. https://twitter.com/... https://twitter.com/...
@marykostakidis: “AP scared much of the world last Tuesday when it alerted readers that “a senior U.S. intelligence official” said “Russian missiles crossed into NATO member Poland, killing two people.” Journos too close to spooks placing fake news is a long tradition https://www.thedailybeast.com/ ...
Martin Pfeiffer / @nuclearanthro: that was not a zero-stakes assertion in context. It mattered and the reporter's behavior was at best confusing & enabled conspiracist claims. It was not safe is how I might characterize it. Gently. https://twitter.com/...
Mitchell Prothero / @mitchprothero: reporters tell editors what they hear and editors decide if it's enough to publish. this is ridiculous, the decision to publish off one anonymous source was made by senior editors at @AP who remain employed. https://www.thedailybeast.com/ ...
Jose Pagliery / @jose_pagliery: The AP shouldn't have fired @JimLaPorta. He's a capable and proven reporter. Mistakes happen, and initially intel was wrong. That's not his fault. AP proves itself to be a stupid company. And this editor's quote is so naive it's dangerous. https://twitter.com/... https://twitter.com/...
Bradley P. Moss / @bradmossesq: This is ridiculous. @JimLaPorta is a fantastic investigative reporter who appears to have gotten misleading information about whose missile landed in Poland. Maybe suspend him for a week or something but fire him? Pathetic. https://twitter.com/...
Ted Bridis / @tbridis: ‘Organization did not anticipate any discipline for the editors involved.’ Editors enforce standards. When we fail at this, we should share accountability. Disciplining only reporter ignores systemwide breakdown that led to journalism debacle. https://www.washingtonpost.com/ ...
Asawin Suebsaeng / @swin24: I've worked with and reported out stories with @JimLaPorta. I've known him to be a thoroughly kind and generous colleague and a tough, very talented reporter. I'm always open to be shown something that proves me wrong, but from what we've seen, it REALLY seems like the AP... https://twitter.com/...
Matthew Garrahan / @mattgarrahan: if there's a lesson here it's maybe to insist on double sourcing of stories that could potentially lead to WWIII
Eric Young / Fraud and Hubris: Fraudsters of the Week — The Associated Press — In a phenomenal example of how not to report …
@thedailybeast: BREAKING: The AP scared much of the world last Tuesday when it reported that “a senior U.S. intelligence official” said “Russian missiles crossed into NATO member Poland, killing two people.” On Monday, the reporter responsible for that story was fired. https://www.thedailybeast.com/ ...
Gabriel Malor / @gabrielmalor: 'a second editor said she “would vote” for publishing an alert, adding, “I can't imagine a U.S. intelligence official would be wrong on this.' https://www.washingtonpost.com/ ...
Samer Al-Atrush / @sameralatrush: Surely also fault of whatever editor put that through? https://twitter.com/...
Jenn Gidman / Newser: AP Reporter Canned Over Story on Deadly Missile in Poland
Michael Stahlke / @michaelstahlke: This is starting to sound like Jim got railroaded. https://twitter.com/... https://twitter.com/...
Jesse Washington / @jessewashington: man listen @AP don't play when it comes to accuracy. i feel for the guy who lost his job but you can't get that wrong. fresh out of college i almost lost my job at AP over a misspelled name. might have even been a comma. i was scared straight. https://twitter.com/...
Nathan Brand / @nathanbrandwa: This is crazy, especially when you consider the international ramifications of an error like this... https://twitter.com/...
Corbin Bolies / @corbinbolies: SCOOP: The @AP has fired reporter Jim LaPorta, one of the two bylines on a retracted report last week alleging Russian missiles landed in NATO member Poland. The report relied a single anonymous source, a violation of AP's policy. w/@LachCartwright: https://www.thedailybeast.com/ ...
Dominick Mastrangelo / The Hill: AP fires reporter behind retracted Russian missiles story
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:
@nooneunscripted: Why would somebody want to undervalue their corporation? Hm. So many lawsuits. So many settlements. So many valuations. Better to cut the losses at the top-end to minimize the bleed in the underbelly. https://twitter.com/...
Ben Mullin / @benmullin: Scoop from @LaurenSHirsch: News Corp investors are putting more pressure on the company, raising additional concerns about the proposed merger with Fox. https://www.nytimes.com/...
Stephen Mayne / @maynereport: News Corp Investors Raise Concerns About Proposed Merger With Fox - predicting it won't get over the line unless the Murdochs pay back the $1.5b+ in salaries they've taken from public companies since 2000 https://www.nytimes.com/...
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:
Jacobin, New York Daily News, The Guardian, Financial Times, Reuters, The Athletic, @vanityfair, Bloomberg, What It Is, Fox News, @jacobin, bookforum.com, CBS News, Newser, Mashable, Boing Boing and The Guardian
Discussion:
Muri Assunção / New York Daily News: U.S. secretary of state criticizes FIFA over LGBTQ armband ban at World Cup in Qatar
Josh Noble / Financial Times: Focus finally falls on football as Qatar battles World Cup teething troubles
Richard Deitsch / The Athletic: World Cup coverage review: Fox avoids Qatar issues, as promised; U.S.-Wales delivers
@vanityfair: “There's a genuine hostility between media, fans, and host nation that I've never known before,” a seasoned athletics reporter tells VF. “It's not supposed to be like this.” https://vntyfr.com/RxWO504
Jimmy Nicholls / What It Is: Qatar has made us all hypocrites
Fox News: MSNBC anchors lectures Americans and Israel about human rights while downplaying Qatar's abuses
@jacobin: Media coverage of the World Cup has rightly highlighted the atrocious working conditions of migrant workers. But we need to broaden our definition of human rights abuses to include the global economic system that brought them to Qatar in the first place. https://jacobin.com/...
bookforum.com: How journalists are covering human rights at the World Cup; a profile of Octavia E. Butler
David Pescovitz / Boing Boing: Sports reporter detained at World Cup for wearing rainbow t-shirt
Sara Fischer / Axios:
The Athletic plans to double its professional women's sports coverage, from 900 articles a year to 1,800, with support from a multiyear partnership with Google — The Athletic plans to double its coverage of professional women's sports through a multiyear partnership with Google, its chief commercial officer Seb Tomich told Axios.
Discussion:
@jyarow, @janashortal, @danarestia, @scoutripley, @dsilverman, @itsmeglinehan, @tvgrimreaper, @raju and @sarafischer
Discussion:
Jay Yarow / @jyarow: Media companies relying on big tech companies to fund investment never works in the long run. Hopefully somehow this time is different. https://www.axios.com/...
@janashortal: It's about time - every sports department at every media outlet could do the same. https://twitter.com/...
Dan Arestia / @danarestia: This is awesome. The initial focus on NWSL and WNBA makes sense given the growth those sports have had recently; I hope the expansion to other sports happens quickly. https://twitter.com/...
Claire Watkins / @scoutripley: Been saying it for months, the difference for a lot of larger or legacy outlets is going to come from brand funding. NWSL beat writing is a net positive for everybody. https://twitter.com/...
Dwight Silverman / @dsilverman: Uh oh. Does The Athletic know about the Google Graveyard? https://killedbygoogle.com/ The Athletic to double women's sports coverage through Google partnership https://www.axios.com/...
Meg Linehan / @itsmeglinehan: “Facts not feelings.” 🤗 The demand is there, the stories are there, and now: the resources will start to match. Excited to keep working, keep growing and keep getting better @TheAthletic. https://twitter.com/...
@tvgrimreaper: The Athletic: “We're not losing nearly as much money as we could.” [apparently] https://twitter.com/...
Raju Narisetti / @raju: Smart partnership by @nytimes with @google on a sorely needed and also growing space @TheAthletic to double women's sports coverage https://www.axios.com/...
Sara Fischer / @sarafischer: NEW: @TheAthletic plans to double its women's sports coverage through a partnership with Google — Over the course of the multiyear deal, it's hoping to double the number of articles written about women's sports from around 900 today to about 1,800 https://www.axios.com/...
Sara Fischer / Axios:
Sources: Protocol generated $4.8M in revenue in 2022 before closing, down from $5.4M in 2021; the company initially forecast $13M in revenue in 2022 — Protocol, the tech news website launched by Politico in 2020, generated $4.8 million in 2022, down from $5.4 million in 2021, according to sources familiar with the company's finances.
Washington Post:
Pathmatics: over a third of Twitter's top 100 clients, including Mars and Jeep, as well as 14 of the top 50, haven't advertised on Twitter in the past two weeks — More than a third of Twitter's top 100 clients have not advertised on the platform in the past two weeks, data shows
Discussion:
Mark Frauenfelder / Boing Boing: Major advertisers are fleeing Twitter, says Washington Post
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:
@liz_a_harris, New York Times, New York Times, The Guardian, Observer, Vanity Fair, @nytimesbooks, @nytimesbusiness, @thedailybeast, @hughes_chris, @authorsguild, @dmccabe, @sarahw, @qianjuliewang, @barronsonline, @thelincoln, @adribbleofink, @gregvaneekhout, @kerrymflynn, @joepompeo, @abrahamjoseph, @svershbow, @kathmschmidt, @ruthharrisbooks, The Week, Deadline, @liz_a_harris, @billineastala, @benmullin, @adribbleofink, Associated Press, Wall Street Journal, Axios, CNN, Financial Times, Variety, Bloomberg, Publishers Weekly, Bloomberg Law, The Bookseller and Reuters
Discussion:
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.”
New York Times: Penguin Random House-Simon & Schuster Deal Collapses, Breaking Pattern in Publishing
Alexandra Tremayne-Pengelly / Observer: Simon & Schuster's Proposed Sale to Penguin Random House Is Scuttled
Joe Pompeo / Vanity Fair: With Penguin Random House Out of the Picture, What Happens to Simon & Schuster Now?
@nytimesbooks: Penguin Random Houses's failed bid to acquire Simon & Schuster paused consolidation in an industry that has been profoundly reshaped by mergers and acquisitions in the past two decades. https://www.nytimes.com/...
@nytimesbusiness: The breakdown of the deal with Penguin Random House extends a period of uncertainty at Simon & Schuster, but the company is in a good position to navigate it. https://www.nytimes.com/...
@thedailybeast: The company said in a federal filing on Monday that it would not appeal a recent court decision to block the merger on antitrust grounds. https://www.thedailybeast.com/ ...
Chris Hughes / @hughes_chris: Penguin's attempt to buy publishing rival Simon & Schuster has failed. My take on why this was a deal too far. https://www.bloomberg.com/...
@authorsguild: We welcome the news of Paramount Global's decision not to extend its deal with Bertelsmann Group (Penguin Random House) in the wake of the federal district court blocking the merger with Simon & Schuster on antitrust grounds. https://authorsguild.org/...
David McCabe / @dmccabe: The Biden Justice Department gets a new line on its antitrust résumé with this one. https://www.nytimes.com/... via the great @Liz_A_Harris @xanalter @BenMullin
Qian Julie Wang / @qianjuliewang: publishing is dead. long live publishing. why atty general & court got it right: this would have created a mega monopoly. Bertelsmann/PRH lost the minute they argued that indies & Amazon meant they were not the behemoth they clearly are https://www.nytimes.com/... https://twitter.com/...
@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/...
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/....
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/...
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/...
Abraham Josephine Riesman / @abrahamjoseph: What if Elon buys my publisher, too https://twitter.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/...
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/...
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/...
Catherine Garcia / The Week: Penguin Random House and Simon & Schuster merger deal dropped
Jill Goldsmith / Deadline: Paramount Global Terminates $2.2B Simon & Schuster Sale But Still Wants Out Of Publishing Biz
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/...
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/...
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/...
Wall Street Journal: Paramount Won't Support Appeal of Ruling That Blocked Simon & Schuster's Sale to Penguin
Ramishah Maruf / CNN: Penguin Random House's $2.2 billon deal for Simon & Schuster is over
Brian Steinberg / Variety: Penguin Random House Owes Paramount $200 Million for Failed Simon & Schuster Deal
Jim Milliot / Publishers Weekly: PRH, S&S Deal Likely Dead
Eric Zuckerman / @ericzuck:
[Thread] Eric Zuckerman, Twitter's head of US news partnerships, leaves the company after seven years — After an amazing 7 years, last week was my last at Twitter. As we begin this Thanksgiving week, I want to give thanks to all the people I'm grateful to have shared this journey with...
Discussion:
Silvia / @ssalga1: Eric, to say thank you simply isn't enough. It was a pleasure to collaborate with you the past few years. Best of luck in your next chapter. The best is yet to come! https://twitter.com/...
John Colucci / @johncolucci: A true legend right here. 🥰🥰🥰 https://twitter.com/...
@seandkennedy: I've worked with a lot of social platforms in my time, and I can honestly say working with the team at Twitter was the very best. All stars, all of them. https://twitter.com/...
@larakate: Nobody cared more about Twitter + News than Eric. He advocated for policies, products, care for journalists & saw around more corners than I can count. He's brilliant & has a huge heart. Working w him, was one of my favorite parts — truly jealous of whomever gets to next. https://twitter.com/...
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