Top News:
New York Times:
After a three-month strike, the HarperCollins union and the company reach a tentative deal that includes increasing minimum salaries and a one-time $1,500 bonus — After a three-month strike, the two parties reached a tentative deal that includes wage increases and a one-time bonus.
Discussion:
@hcpunion, Associated Press, @liz_a_harris, Wall Street Journal, @maureenjohnson and The Bookseller
Alex Weprin / The Hollywood Reporter:
News Corp plans to cut its headcount by ~5%, or ~1,250 positions, by the end of 2023 and says the company is still in talks to sell its digital real estate unit — The owner of The Wall Street Journal and Dow Jones was impacted by a difficult economic environment.
Discussion:
Reuters, Australian Financial Review, @mvpeers, CNBC, Wall Street Journal, The Wrap, Variety and Sydney Morning Herald
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Sara Fischer / Axios:
Yahoo plans to lay off 20%+ of its workforce and restructure its ad tech unit, impacting 50%+ of the unit, or 1,600+ people; CEO says the cuts are “strategic” — Yahoo plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech unit, executives told Axios.
Discussion:
Adweek, @aripap, @dez_blanchfield, Transistori, @sdkstl, CNBC, Reuters, The Information, @sarafischer, @sarafischer, Engadget, CNET, UPI, New York Daily News, MediaPost, The Wrap, Deadline, Variety and TechCrunch, more at Techmeme »
Taylor Lorenz / Washington Post:
Report: ads appearing next to tweets posted by 10 extremist accounts that were restored by Elon Musk under an amnesty likely generated $19M in annual revenue — Ads from major brands are running alongside hateful content and dangerous conspiracy theories from far right Twitter users, group claims
Discussion:
@teri_kanefield, @catthekin, @jeffjarvis, @taylorlorenz, @ccdhate, The Hill, MediaPost, Free Press and Bloomberg
Jenna Burrell / Poynter:
Journalists must challenge the notion that AI tools like ChatGPT will replace humans, as finding the truth is trickier than having data and the right algorithm — Don't let these tools dazzle you beyond reason. Don't anthropomorphize them. Ask hard questions about what they're purported to do.
Discussion:
@jennaburrell, Search Engine Land, @datasociety, @spj_tweets, @poynter, @mike_salter and Insider
Jon Christian / Futurism:
After a physician found 18 errors, Men's Journal rewrites and adds a note to its first AI-written article and says “early experiments are a work in progress” — THE OWNERS OF SPORTS ILLUSTRATED AND MEN'S JOURNAL PROMISED TO BE VIRTUOUS WITH AI.
Discussion:
@jon_christian, @miarsato, @parismarx, @dannyoneil, @allisonlcarter, @chrismoranuk, @pressgazette, @maxwelltani, @laurengoode, @weareyourfek, @sowmyak, @smashdawg, @laura_nelson, @juliacarriew, @libshipwreck, @harrymccracken, @jon_christian, @jon_christian, @slotkinjr, @jjvincent, MediaPost, @fabiochiusi, @dkthomp, @dylpar252, The Daily Beast, @daveyalba and @jasonabbruzzese
Manish Singh / TechCrunch:
Sources: Amazon is in talks with Times Internet to buy MX Player, one of India's top VOD streaming services; Times Internet bought MX Player for $140M in 2018 — Amazon is engaging with Times Internet to explore the acquisition of MX Player, one of the largest on-demand video streaming services in India …
New York Times:
Excerpt from an upcoming book on the Redstone family and its media empire looks at how Shari Redstone asserted control of what has become Paramount Global — Her father doubted her much of her career. Les Moonves launched a bid at CBS to overrule her. That was before sexual misconduct allegations came to light.
Discussion:
Bloomberg
Lillian Rizzo / CNBC:
Nelson Peltz drops his proxy fight after Disney unveils a reorganization, job cuts, and cost reductions: “Disney plans to do everything we wanted them to do” — Follow your favorite stocksCREATE FREE ACCOUNT — Nelson Peltz declared the proxy fight between his firm …
Discussion:
New York Times, El País, Axios, The Wrap, Bloomberg, SlashFilm, IndieWire, Deadline, New York Post, The Information, Financial Times, Forbes, Los Angeles Times, Variety and Media Play News
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Rebecca Picciotto / CNBC:
Disney CEO Bob Iger says “everything is on the table” when it comes to Hulu, after sharing his plans to pare back the company's general entertainment content
Discussion:
@sherman4949, The Hollywood Reporter, @stevekovach, @aagave, @jyarow, @scottgustin, @jbflint, @richlightshed, Deadline, The Wrap, Variety, Collider, Cord Cutters News and Variety
Tamar Sarai / Nieman Lab:
Q&A with Media 2070's founding director Alicia Bell and campaign manager Venneikia Williams on the project's origins, media reparations for racism, and more — It's said that journalism is the first rough draft of history, but journalists also shape present-day realities.
Discussion:
@spj_tweets
Isobel Lewis / The Independent:
UK media watchdog IPSO plans to investigate Jeremy Clarkson's Sun column on Meghan Markle and publish the results, after receiving a record 25,100+ complaints — Press watchdog received more than 25,100 complaints about column — Culture secretary defends Jeremy Clarkson's ‘right to say what he wants’
Discussion:
@marionmain3, @hackinginquiry, Variety, Hacked Off, Deadline, The Guardian and The Hollywood Reporter
Semafor:
Sources: two investors looking to buy Forbes, India's Shiv Khemka and Silicon Valley's GSV, seek to rope in US investors to smooth CFIUS' approval of the deal — Fear of U.S. government scrutiny is holding up a deal to sell Forbes to a foreign buyer, leaving the company scrambling …
Discussion:
Columbia Journalism Review, @jackshafer, @risj_oxford, @semaforben and @semaforben
Bron Maher / Press Gazette:
Analysis: 27 of the highest earning Substack newsletters generate at least $22M in annual revenue together; at least five of them make $1M annually each — The figures reveal that at least five Substacks draw in $1m annually. — The 27 highest-earning email newsletters on the platform Substack generate …
Discussion:
Media Voices, @mikeorren, Quillie's Substack, Empowered Way, @pressgazette, @jackmarshall, @robinwigg and Hassan's Substack
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