Top News:
Brian Steinberg / Variety:
Sources: CNN will no longer produce live programs for HLN and will simulcast CNN This Morning; layoffs include CNN correspondent Chris Cillizza — HLN, the cable network once known as CNN Headline News, is home to a bevy of true-crime series, endless showings of “Forensic Files,” and …
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Ted Johnson / Deadline:
Memo: CNN CEO Chris Licht outlines changes amid layoffs, including restructuring some beats to cover the US “more broadly”; CNN Digital will have no impacts — CNN Worldwide Chairman and CEO Chris Licht outlined the network's changes as the network went through a significant round of job cuts.
Discussion:
CNN, @oliverdarcy, IndieWire and The Hollywood Reporter
Alex Weprin / The Hollywood Reporter:
Chris Licht tells CNN staff that layoffs are underway as part of a strategy shift, starting with “a limited number of individuals”, mostly paid contributors
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Darrell Etherington / TechCrunch:
Parler's owner says it “has mutually agreed with Ye to terminate the intent of sale of Parler”, after announcing the deal in October — Despite a joint statement between Ye (fka Kanye West) and Parler in October noting that the two had reached an agreement for the rapper to buy …
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Insider:
Source: a16z's Future is shutting down; Future hasn't published a new article in months, most of its editorial staffers have left, and its newsletter is defunct — Future was the next big thing in media. — Launched in June of 2021, it was billed as a buzzy new tech publication …
Discussion:
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Sara Fischer / Axios:
Sources: The Recount, a video news startup founded by John Battelle and John Heilemann in 2018, tells staff it plans to suspend operations next Friday — The Recount, a video news startup that launched in 2018, told employees it plans to suspend operations next Friday, sources told Axios.
Discussion:
@niemanlab, @christinapushaw, @michaelroston, @kendallbaker, @escarry, @danabrams and @sarafischer
Catherine Perloff / Adweek:
Sources: Yahoo paid no cash for its 25% stake in Taboola; source: Taboola will issue new shares as part of the deal, giving Yahoo an equity stake — The terms are another facet of a recessionary-friendly deal — Yahoo is not paying cash to own the approximate 25% stake …
Discussion:
@catherineperlo1
Wall Street Journal:
A look at Disney's restructuring efforts under former CEO Bob Chapek; sources: McKinsey consultants explored centralizing marketing, annoying top content execs — Tension flared over plans to take control of marketing, other decisions away from content chiefs — From Robert Iger to Steve Jobs, Why Companies Bring Back Their CEOs
Discussion:
@rwhelanwsj, @mediaevan, @tvgrimreaper, @automaticzen, @aagave, @jbflint and @asharma
Hanaa' Tameez / Nieman Lab:
The Washington Post unveils Newsprint, similar to Spotify Wrapped, telling subscribers how many stories they read, which writers they read most often, and more — When Spotify Wrapped first launched in December 2016, the streaming company proved user data could be artfully transformed into an engaging product users would share.
Discussion:
Adweek, Wired, @mariaramirezny, @mariaramirezny, ScreenRant, Spotify, MediaPost, Digital Music News, What's New in Publishing, TechCrunch and Billboard
Benjamin Mullin / New York Times:
Gannett begins another round of layoffs, looking to cut 6% of its roughly 3,440-person US workforce, after laying off 400 people in August — The largest newspaper chain is cutting roughly 6 percent of its 3,440-person U.S. media division. — Gannett, the largest newspaper chain in the United States …
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Associated Press:
Amazon CEO Andy Jassy says the company does not plan to stop selling “Hebrews to Negroes: Wake Up Black America”, an antisemitic film promoted by Kyrie Irving — Amazon CEO Andy Jassy said Wednesday the company does not have plans to stop selling the antisemitic film …
Discussion:
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Bloomberg:
Sources: SiriusXM plans to fire staff amid faltering sales growth and is assessing how deep the cuts will be; the company had 5,590 employees at the end of 2021 — SiriusXM Holdings Inc., the satellite radio service controlled by billionaire John Malone, plans to fire staff …
Discussion:
@ashleyrcarman, Radio Ink, @matthewkeyslive and Radio Ink
Wall Street Journal:
Sources: Netflix plans to expand its pre-release content screening program, the Netflix Preview Club, from 2,000+ users to tens of thousands in early 2023 — Streaming giant plans global expansion of program that helped make 'Don't Look Up' less serious — Netflix's Turbulent Year: How It Reversed Subscriber Losses
Discussion:
The Verge, CNET, @jtoonkel, Gizmodo, TechCrunch, IndieWire, Insider, New York Daily News, The Streamable, Engadget and Reuters, more at Techmeme »
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