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6:55 PM ET, February 9, 2023

Mediagazer

 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 …
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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 …
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.
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 …
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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  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Disney CEO Bob Iger said Thursday that “everything is on the table” with streaming service Hulu.
Todd Spangler / Variety:
Disney cuts its workforce by 7,000, or 3.2% of its ~220,000 global headcount, as the company tries to save $5.5B in costs, including $2.5B in non-content costs
Todd Spangler / Variety:
Disney reports Q1 revenue up 8% YoY to $23.51B, vs. $23.37B est., direct-to-consumer revenue up 13% YoY to $5.3B, and operating loss rose $0.5B to $1.1B
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.
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’
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 …
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 …
 
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 More News: 
Todd Spangler / Variety:
Dish's Sling TV rebrands Sling Free to Sling Freestream, which will carry 210 free channels, 41K+ on-demand titles, and expand further by the end of spring 2023
Glenn Peoples / Billboard:
South Korean music company HYBE acquires Atlanta-based QC Media Holdings, which runs the hip-hop label Quality Control Music, for $250M cash and $50M in stock
 Earlier Picks: 
Sarah Grevy Gotfredsen / Columbia Journalism Review:
Tow Center analysis: ~4,000 journalists at US outlets tweeted 3% less per day on average after Elon Musk's takeover; those at right-leaning outlets tweeted more
David Friend / Canadian Press:
Netflix rolls out its long-anticipated password sharing rules in Canada, New Zealand, Portugal, and Spain; other countries will be added in the next few months
Washington Post:
US House Oversight Committee members questioned three former Twitter executives about suppressing accounts, tweets, and the New York Post's Hunter Biden story
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Kyle Wiggers / TechCrunch:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January
 
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