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New York Times:
Rupert Murdoch withdraws his proposal to merge News Corp and Fox Corp after significant investor pushback; in letters, James Murdoch also questioned the deal — 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.”
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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.
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 — The Washington Post on Tuesday became the latest media company to conduct layoffs, people familiar with the matter said …
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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 …
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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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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 …
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Dade Hayes / Deadline:
Netflix, Apple, and Amazon accounted for 19 Oscars nominations, down from 37 in 2022, and only one streaming title got more than one nomination — Despite all of the uncertainty about the future of theatrical distribution, streaming services collectively took a step back in this year's Oscar race …
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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 — Social media company Reddit Inc. has made several changes to its executive ranks about a year after filing for an initial public offering.
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Insider, Adweek, Insider, The Information and The Wrap
Insider:
Sources: Vox Media seeks to raise around $200M to acquire new assets and possibly spin off others; source: Vox is discussing a cash infusion from CVC Capital — - Private equity giant CVC Capital is discussing a $200 million investment into Vox Media. — Vox Media, which owns New York magazine …
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Clayton Davis / Variety:
The 2023 Oscars fail to nominate any women for directing, after Chloé Zhao won the award in 2021 for Nomadland and Jane Campion won in 2022 for Power of the Dog — The Oscars failed to nominate any women for directing this year, following two consecutive years of women winning the category.
Discussion:
@robin_thinks, Red Talk, The Hollywood Reporter, @raminsetoodeh, The Wrap, IndieWire, @lpolgreen, Deadline and UPI
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 — The deal is the biggest yet for any artist of his generation. — Hipgnosis Songs Capital has closed its deal to buy 100% …
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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 …
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