Top News:
Wall Street Journal:
AMC Networks is planning to lay off 20% of its staff, and CEO Christina Spade is stepping down abruptly, after joining in September — Company has been under pressure from cord-cutting as Americans turn to streaming services — AMC Networks Inc. said it is planning to lay off about 20% …
Discussion:
CNBC, Deadline, @sherman4949, The Wrap, Observer, AMC Networks Inc., New York Post, Gizmodo, The Hollywood Reporter, Media Play News, WORLD SCREEN, Los Angeles Times, IndieWire, @awallenstein, Next TV, IndieWire, Ad Age, @great_katzby, MediaPost, @trengriffin, CNN, Adweek, @ourand_sbj, @carlquintanilla, @aagave, Next TV, Variety and Deadline
Semafor:
Sources: CoinDesk, which has ~$50M in annual revenue, has attracted takeover interest from PE firms, others; one party suggested $300M but it was deemed too low — Sign up for Semafor Business: Follow the money (and the memes.) — Your Email addressSign Up — THE SCOOP
Alex Weprin / The Hollywood Reporter:
Filing: Disney now owns 100% of streaming tech company BAMTech after paying $900M for MLB's 15% stake in November 2022; Disney acquired a majority stake in 2017 — Disney acquired a majority stake in the tech company in 2017, and has used it to power its streaming services.
Discussion:
Variety, Awful Announcing, @2xaught7 and @billkuchman
Donie O'Sullivan / CNN:
Twitter stopped enforcing its longstanding COVID-19 “harmful misinformation” policy on November 23; more than 11,000 accounts were suspended under the rules — New York (CNN Business)Twitter said it will no longer enforce its longstanding Covid misinformation policy …
Discussion:
UPI, Mediaite, @drericding, @kinsellawarren, New York Daily News, The Wrap, @brikeilarcnn, @sarafischer, Politico, @zaackhunt, @donmoyn, @cshperspectives, Gizmodo, @abraarkaran, @sfrantzman, @justin_hart, @angie_rasmussen, Ars Technica, @randystine, @sarafischer, Engadget, TechCrunch, @cnn, @senatorlujan, Deadline, The Verge, 9to5Mac, Bloomberg and Boing Boing, more at Techmeme »
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Juli Clover / MacRumors:
Elon Musk says Apple mostly stopped advertising on Twitter, asking “do they hate free speech in America?”
Discussion:
@elonmusk, @elonmusk, Bloomberg, Common Dreams, @ggreenwald, The Information, CBS News, @cliffschecter, Forbes, Semafor, @chrisloesch, ScreenRant, @lindyli, @lindyli, CNN, @michaelsteele, @repkenbuck, Insider, The Week, @josh_moon, @joshgad, @andrewgreene864, @hasanthehun, @mrjoncryer, @therickwilson, @hawleymo, @carnage4life, @goldman, @benedictevans, @dineshdsouza, @steinkobbe, @ashtonpittman, @lib_crusher, @vaushv, @nickstatt, @internethippo, @divestech, @patrickw, @gorskon, @gruber, @parler_app, @mariachong, @sarafischer, @pkafka, @benedictevans, @reckless, @lawfulspice, @junlper, @kevinmkruse, @carnage4life, @steve_vladeck, @walshfreedom, @lpackard, @scott_tobias, @sewellchan, @owillis, The Drum, 9to5Mac, Al Jazeera, Fortune, The Guardian, Axios, The Verge, Gizmodo, Daring Fireball, TechCrunch, Financial Times, AppleInsider, Breitbart, HuffPost, The Wrap, MediaPost, The Hill, PRWeek, VICE, Ad Age, Variety, 9to5Mac and Washington Post, more at Techmeme »
Mark Kennedy / Associated Press:
Apple's 2022 listener data shows the rise of non-English-language songs: 21 non-English songs were in the global Top 100, more than double the number in 2021 — “Stay,” the smash hit by The Kid Laroi and Justin Bieber topped Apple Music's global song chart in 2022 as the giant music streamer released …
Discussion:
Apple, Gizmodo, Digital Music News, Billboard, Variety, Forbes, Rolling Stone, AppleInsider, @parkerortolani and Engadget
Axios:
Source: Yahoo plans to make deals with sports betting companies, start a retail stock trading service, and may buy media outlets to complement its existing ones — Yahoo's latest deal underscores its move to boost revenues and use its cash to grow its core businesses, including Yahoo Sports, Yahoo Finance and Yahoo Mail.
Discussion:
@mediaevan, @alex, @kerrymflynn and Insider, more at Techmeme »
Sara Fischer / Axios:
Sources: Grid co-founder and CEO Mark Bauman is stepping down; after raising $10M, revenue and audience growth are low, and staff and office costs are high — - In a Nov. 7 note to staff announcing his departure, Mark Bauman said he would be transitioning to an advisory role while the company looks …
Axios:
Fox aired the three most-watched games over Thanksgiving: Giants vs. Cowboys averaged 42M viewers, USA vs. England drew 15.3M+, Ohio State vs. Michigan drew 17M — Huge audiences tuned into football and soccer over Thanksgiving weekend, with the NFL, World Cup and college football all drawing record viewership.
Discussion:
@jaynordlinger, @sarafischer, Sportico, Fox News and Plain Dealer
Jim Waterson / The Guardian:
The BBC plans deep cuts to its Northern Ireland radio coverage, and about 35 staffers will lose their jobs with further cuts expected in 2023 — Radio Foyle to be reduced to skeleton service in move that could centralise regional coverage in Belfast — The BBC is planning to make deep cuts …
Discussion:
HoldtheFrontPage
Dawn Chmielewski / Reuters:
Filing: Disney expects that organizational and operational changes in the company following CEO Bob Iger's return could result in impairment charges — Walt Disney Co (DIS.N) on Tuesday said it anticipates organizational and operational changes in the company that could result in impairment charges, according to a regulatory filing.
Discussion:
Deadline and US Securities and Exchange Commission
Kaya Yurieff / The Information:
Pinterest says it is ending the creator rewards program that it launched in 2021, which offered cash bonuses when creators completed certain goals — Pinterest is ending its creator rewards program, which offered cash bonuses when creators completed goals such as hitting certain engagement metrics, The Information is first to report.
Tina Dyakon / Poynter:
Google and YouTube provide a $13.2M grant to Poynter's International Fact-Checking Network to support fact-checking initiatives worldwide through 2025 — The grant will establish a $12 million Global Fact Check Fund to support worldwide fact-checking initiatives through 2025.
Discussion:
Google News Initiative, MediaPost, @poynter, @blackamazon, @enocknyariki, Fox News, @baybarsorsek, @factchecknet, Adweek and The Keyword
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