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12:15 PM ET, January 20, 2023

Mediagazer

 Top News: 
Anna Nicolaou / Financial Times:
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos  —  Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022  —  Reed Hastings is stepping …
RELATED:
Sarah Whitten / CNBC:
Netflix reports Q4 revenue up 1.9% YoY to $7.85B, $55M net income, down from $607M YoY, 231M paid memberships, adding 7.66M subscribers vs. 4.57M expected  —  - Netflix is scheduled to report fourth quarter earnings after the bell.  — The streaming service's new ad-supported service will be in focus.
Emma Roth / The Verge:
Netflix plans to roll out paid password sharing “more broadly” in Q1 2023 and expects some “cancel reaction” before an improvement in overall company revenue
The Verge:
Source: CNET owner Red Ventures has used AI tools like Wordsmith to write stories for at least a year and a half, causing unease amid layoffs and restructuring  —  Fake bylines.  Content farming.  Affiliate fees.  What happens when private equity takes over a storied news site and milks it for clicks?
RELATED:
Parker Molloy / The Present Age:
News media should've sent a signal to Twitter by not tweeting after the site suspended some journalists' accounts; Fox News once boycotted Twitter for 16 months
Sara Fischer / Axios:
Memo: Vox Media is laying off 7% of staff, or roughly 140 people, across editorial, revenue, operations, and core services departments  —  Vox Media is laying off 7% of its staff, according to a memo sent internally from CEO Jim Bankoff, obtained by Axios.  Roughly 2,000 people work at the company …
The Hollywood Reporter:
Penske Media and Japan's Hersey Shiga Global launch The Hollywood Reporter Japan, which will include translated news and original reporting  —  The Tokyo-based entertainment publication will include significant industry news translated from THR's flagship website, as well as original reporting on the Japanese entertainment business.
Discussion: MediaPost
CNBC:
Sources: Vice Media restarts its sale process, after bidders balked at the initial price tag, and is likely to fetch under $1B; Vice was valued at $5.7B in 2017  —  - Vice Media is restarting its sale process after earlier interested bidders balked at the initial price tag, according to people familiar with the situation.
Ayenat Mersie / Reuters:
Rwandan journalist and government critic John Williams Ntwali died on January 18 in a traffic accident, but activists raise questions about the cause of death  —  John Williams Ntwali, one of Rwanda's few journalists who published stories critical of the government, has died, his newspaper The Chronicles reported.
Horowitz Research:
Horowitz Research: 71% of password sharers would pay full price for Netflix, 51% for HBO Max, 49% for Amazon Prime Video, 47% for Disney+, and 46% for Hulu  —  As Netflix cracks down on password sharing, a new study by Horowitz Research suggests that the decision may not spell doom and gloom for the service.
Discussion: CNET and The Streamable
 
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 More News: 
Chris Stokel-Walker / Nature:
Journal editors, researchers, and publishers are debating the place of AI tools like ChatGPT in published literature and whether they should be cited as authors
Todd Spangler / Variety:
Fandom cuts jobs at GameSpot, Giant Bomb, Metacritic, and TV Guide, four months after their ~$50M acquisition from Red Ventures; source: under 10% are impacted
Max Read / Read Max:
The most important thing a blogger can do to develop and retain an audience is to post regularly and frequently, as evidenced by Matt Yglesias' success
 Earlier Picks: 
Justin Baragona / The Daily Beast:
Right-wing YouTuber Steven Crowder, who has 5.94M subscribers on the platform, feuds with Ben Shapiro's The Daily Wire, which offered him a $50M four-year deal
Mark Stenberg / Adweek:
Ad revenue made up 15% of INN members' revenue in 2022, up from 3% in 2018; ~430 nonprofits made $66M in 2021 ad revenue vs. The New York Times' almost $500M
Discussion: The Keyword
Wall Street Journal:
Sources: WWE Executive Chairman Vince McMahon agrees to a multimillion-dollar settlement with a former wrestling referee who accused him of raping her in 1986
Meg James / Los Angeles Times:
New Mexico prosecutors charge Alec Baldwin and the armorer of the movie “Rust” with involuntary manslaughter for cinematographer Halyna Hutchins' on-set death
 

 
From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

Bob Van Voris / Bloomberg:
US prosecutors charge two founders of Samourai Wallet, saying the crypto mixing service facilitated more than $100M in money laundering transactions
 
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