Top News:
Alex Weprin / The Hollywood Reporter:
News Corp plans to cut its headcount by ~5%, or ~1,250 positions, and says it is still in talks to potentially sell its digital real estate unit — The owner of The Wall Street Journal and Dow Jones was impacted by a difficult economic environment. … In the company's fiscal Q2 earnings report …
Discussion:
Australian Financial Review, The Wrap, Variety and @mvpeers
RELATED:
Reuters:
News Corp Q2: revenue down 7% YoY to $2.52B, vs. $2.55B est., net income down 64% YoY to $94M, book publishing revenue down 14%, and news media revenue down 9% — Media conglomerate News Corp (NWSA.O) said on Thursday that it would cut 1,250 jobs after it missed estimates for second-quarter earnings due …
Discussion:
News Corp, Sydney Morning Herald and News Corp
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:
CNET, MediaPost, The Wrap, Variety, Engadget, TechCrunch, UPI, Fortune, CNBC, Reuters, Deadline, New York Daily News, The Information, @sdkstl, @aripap, @sarafischer, @sarafischer and Bloomberg, more at Techmeme »
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, The Wrap, Bloomberg, Axios, Financial Times, SlashFilm, Deadline, Forbes, Los Angeles Times, New York Post, The Information, Variety and Media Play News
RELATED:
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 — Follow your favorite stocksCREATE FREE ACCOUNT — Disney CEO Bob Iger said Thursday that “everything is on the table” with streaming service Hulu.
Discussion:
@sherman4949, Deadline, CBR, CNN, Fortune, @stevekovach, The Wrap, @scottgustin, @jbflint, The Streamable, IndieWire, @richlightshed, Variety, @aagave, @jyarow, The Hollywood Reporter, Media Play News, Collider and Cord Cutters News
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, @parismarx, @weareyourfek, @allisonlcarter, @dannyoneil, @chrismoranuk, @laurengoode, @smashdawg, @jon_christian, @miarsato, @daveyalba, @sowmyak, @libshipwreck, @harrymccracken, @jjvincent, @jon_christian, @dkthomp, @laura_nelson, @slotkinjr, @fabiochiusi, @juliacarriew, @jasonabbruzzese and @dylpar252
Brian Lowry / CNN:
The departures of James Corden, Trevor Noah, Conan O'Brien, Samantha Bee, and Desus and Mero signal the demise of the “later-night TV” genre — The anchors of late-night TV remain in place with Jimmy Fallon, Stephen Colbert and Jimmy Kimmel, the last having recently signed …
Discussion:
Forbes, @adamconover, @mametown, @tvgrimreaper, New York Daily News and Deadline
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:
Deadline, @marionmain3, The Guardian, @hackinginquiry, Hacked Off and The Hollywood Reporter
Mark Stenberg / Adweek:
Ad supply-side platform EMX and its parent company Big Village file for Chapter 11 bankruptcy; sources say EMX began struggling to pay partners in summer 2022 — The vendor, a subsidiary of Big Village, owed hundreds of thousands in unpaid revenue
Discussion:
BK Data, AdExchanger, @markstenberg3 and Bloomberg Law
NewsNation:
NewsNation reporter Evan Lambert was freed from jail late February 8 after being arrested giving a live report at Ohio Governor Mike DeWine's press conference — EAST PALESTINE, Ohio (NewsNation) — A NewsNation reporter was released from jail late Wednesday after being arrested earlier …
Discussion:
New York Times, Washington Post, CNN, Mediaite, @newsnation, U.S. Press Freedom Tracker, @newsnation, @newsnationpr, ABC News, The Wrap, @pressfreedom, Boing Boing, TMZ.com, Committee to Protect …, @newsnation, WKBN-TV, UPI, @sarasidnercnn, Newser, The Desk, @kimberlyeatkins, @statter911, @joshtpm, @matthewkeyslive, @axios, @richmchugh, @joshtpm, @4lisaguerrero, @annalysagayle, @jatara_, @theredrummedia, @newsnation, @allthingsnatsec, @brianstelter, @kaitlancollins, @davidpepper, @taylorpopielarz, @walterreports, Associated Press, HuffPost, Fox News, The Daily Beast, Deadline and FTVLive
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:
@jackshafer, @semaforben and @semaforben
Scott Mendelson / The Wrap:
Lionsgate beats Q3 estimates with $1B in revenue and $16.6M in net income; Starz subscribers total 37M+ globally, or 26M not counting Starzplay Arabia — Lionsgate, the Santa Monica studio and owner of the Starz cable network, came in well above market expectations as it reported results for its third quarter Thursday.
Discussion:
Variety, @danrayburn, Lionsgate and Media Play News
Senior Data Journalist, NY — 
Manager - Publishing Editorial, Manila — 
Oil Reporter, Singapore — 
Newsperson - State Govt. & Politics, CA — 
Business Reporter, SC — 
State Government Reporter, WA — 
Climate Crisis Columnist — 
Multimedia Journalist, CA — 
Community Engagement Mgr., DC — 
Senior California Politics Reporter, CA — 
Staff Writer - Business, NY — 
Team Editor - Opinion, ON — 
Assistant Correspondent, DC — 
Climate & Weather Reporter, MN — 
Senior Tech Editor, Remote US — 
Lead Business Reporter, TN — 
Managing Editor, WA — 
Private Credit Reporter, NY — 
Trending News Reporter, TX — 
City Correspondent, London — 
Legislative Reporter, CA — 
Reporter, PA — 
Visual Editor, Remote — 
Staff Writer, MI — 
Senior Political Reporter, DC — 
California Playbook Writer, CA — 
National Investigative Reporter, NY — 
Business & Gaming Reporter, NV — 
Coastal Climate Reporter, SC — 
Environment & Energy Reporter, CT — 
Coordinating Editor, OR — 
Editor, Remote US — 
Business Reporter, WA — 
Editor-in-Chief, AZ — 
