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10:05 AM ET, January 25, 2023

Mediagazer

 Top News: 
New York Times:
Rupert Murdoch withdraws his News Corp and Fox Corp merger plan after significant investor pushback; James Murdoch questioned the deal in letters to both boards  —  News Corp, one of his companies, said Rupert Murdoch had determined that a merger was “not optimal for shareholders of News Corp and Fox at this time.”
Nellie Andreeva / Deadline:
Adult Swim cuts ties with Rick and Morty co-creator Justin Roiland after felony domestic violence charges surface; his voice role will be recast  —  Justin Roiland, co-creator, executive producer and star of Adult Swim's flagship animated series Rick and Morty, is no longer in business …
Washington Post:
About 75% of The Washington Post newsroom's eligible employees are now union members, the highest percentage in decades, after a signup surge in recent months  —  Amid a wave of job cuts in the tech and media sectors, The Post's long-expected reductions punctuate a period of uncertainty
RELATED:
Oliver Darcy / CNN:
The Washington Post lays off 20 newsroom employees and shuts down its gaming vertical Launcher; Executive Editor Sally Buzbee says 30 open roles won't be filled
Justin Baragona / The Daily Beast:
DirecTV drops Newsmax after carriage fee negotiations hit a standstill; the current contract between the two companies expires on January 25  —  The conservative cable outlet was cut loose after the two sides failed to agree on terms, taking away a chunk of Newsmax's cable footprint.
Leah Nylen / Bloomberg:
The DOJ sues Google, joined by California and seven other US states, calling for the breakup of its ad tech business that allegedly monopolizes the US ad market  —  The US Justice Department and eight states sued Alphabet Inc.'s Google, calling for the break up of the search giant's ad-technology business …
The Guardian:
Margaret Sullivan, former Washington Post media critic and New York Times public editor, joins The Guardian US as a weekly columnist  —  GNM press office  —  Beginning this week, Margaret Sullivan, one of America's leading journalists and media commentators, will join the Guardian US …
Discussion: @guardianus, @sulliview and @vivian
Amy B Wang / Washington Post:
In his new book, Mike Pompeo calls Jamal Khashoggi an activist, not a journalist, which The Washington Post's Fred Ryan says is a shameful “ploy to sell books”  —  In a new book, former secretary of state Mike Pompeo derides the idea that Jamal Khashoggi, a Washington Post contributing columnist …
Variety:
Hindenburg Research accuses Adani Group, India's largest corporation and an aspiring media empire, of “pulling the largest con in corporate history”  —  Hindenburg Research, a firm that engages in short-selling of company stocks in anticipation of a share price decline …
Steve Waldman / Columbia Journalism Review:
Local journalism groups representing 3,000+ newsrooms form Rebuild Local News, a new nonprofit dedicated to public policy initiatives aiming to save local news  —  It's understandable that the idea that government should help save local media makes many journalists' skin crawl.
Newley Purnell / Wall Street Journal:
Twitter restored several Hindu nationalist accounts popular in India, including some denigrating Muslims, and blocked posts linking to a BBC documentary on Modi  —  Human-rights groups say they have seen a rise in anti-Muslim material on the platform  —  Elon Musk's Unconventional Management Style: Former Employees Share Stories
William Turvill / Press Gazette:
UK national newspaper cover prices increased 14% over the past year, affected by the rising price of paper; the steepest increases have been introduced by Reach  —  But still only one newspaper is more expensive than the average pint of lager.  —  National newspaper cover prices …
Joseph Berger / New York Times:
Victor Navasky, a witty and contrarian journalist who for 27 years was either editor or publisher of the left-leaning magazine The Nation, dies at 90  —  Witty and contrarian, he was the longtime editor and later publisher of The Nation and wrote an acclaimed book about the Hollywood blacklisting era.
 
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 More News: 
Alex Ritman / The Hollywood Reporter:
Vice Media Group signs a deal with Saudi-owned MBC Group to create bespoke, Arabic-language content and provide training; Vice opened a Riyadh office in 2021
Insider:
Sources: Vox Media is looking to raise ~$200M to acquire new assets and possibly spin off others; a source says Vox is discussing a CVC Capital cash infusion
 Earlier Picks: 
Kristin Robinson / Billboard:
Hipgnosis confirms buying the music rights to Justin Bieber's catalog up to 2022, a source says for just over $200M, a record for an artist from his generation
American Journalism Project:
The American Journalism Project announces its first three 2023 grants, $3.25M total to local nonprofit news organizations in North Carolina, Texas, and Nebraska
Edward Ludlow / Bloomberg:
Reddit promotes Harold Klaje to be its first chief revenue officer; Klaje joined in 2020 and expanded advertising to markets like the UK, Germany, and Australia
Discussion: Insider
 

 
From Techmeme:

Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 11%+ after hours

Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; MSFT jumps 4%+ after hours

Reuters:
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok's algorithm as core to overall ByteDance systems
 
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