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1:50 PM ET, December 4, 2023

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 Top News: 
Manish Singh / TechCrunch:
Spotify lays off ~17% of its workforce, or ~1,500 staff, to “rightsize” its costs, citing slow economic growth and rising capital costs, its third cut in 2023  —  Spotify is eliminating about 17% jobs, its third round of layoffs this year, as the music streaming looks to become “both productive and efficient.”
Alex Weprin / The Hollywood Reporter:
Comcast president Mike Cavanagh says Peacock now has 30M paying subscribers, with an ARPU of $10 per month, and saw $2.8B in losses in 2023  —  “We collected an eight and a half billion dollar check on Friday,” Mike Cavanagh said, adding that Disney's payment for Hulu has cleared.
Etan Vlessing / The Hollywood Reporter:
Nexstar CEO Perry Sook says The CW may break even by the end of 2025 after Nexstar made about $100M per year in annual savings  —  Perry Sook said the advertising recession and the recent dual Hollywood strikes represent headwinds to getting beyond losses at broadcast network.
Charlotte Tobitt / Press Gazette:
James Dyson loses his £1M libel case against Mirror Group after a High Court judge rules Dyson was not caused “serious harm” by a January 2022 Mirror article  —  High Court judge says Brian Reade comment piece did not cause ‘serious harm’.
Etan Vlessing / The Hollywood Reporter:
GroupM forecasts global ad spending to grow 5.8% YoY to $889B in 2023, excluding US political ads, and US political ad spending in 2024 to reach a record $15.9B  —  Worldwide advertising will post a 5.8 percent gain this year to $889 billion, before slowing to a 5.3 percent gain in 2024 …
Alex Weprin / The Hollywood Reporter:
Streaming services seem to be increasingly open to bundling with rivals, as Verizon announces a $10 per month deal for Netflix and Max's ad tiers  —  A Verizon-backed Netflix and Max deal, and talks between Apple and Paramount suggest that streaming bundles may be about go get bigger and better.
Reuters:
A group of 83 Spanish media outlets files a lawsuit against Meta, citing unfair competition in the ad market due to its “massive” and “systematic” use of data  —  A group representing 83 Spanish media outlets on Monday said it has filed a 550 million euro ($598 million) …
Sam Buckingham-Jones / Australian Financial Review:
The Guardian's senior editors issue a rare joint message to staff, warning them on signing letters and posting messages that “risk compromising” its integrity  —  The Guardian's most senior editors have issued a rare joint message to their staff, warning journalists …
Celeste Katz Marston / Nieman Reports:
Five lessons from successful local news startups, including focusing on a single mission, openness to non-traditional reporting, and engaging the public  —  Let's start with an encouraging statistic: Despite years of demoralizing reports on sweeping media layoffs, nearly 300 …
Peter Walker / The Guardian:
UK Culture Secretary Lucy Frazer confirms that the BBC will receive a below-inflation license fee increase; the £159 annual fee has been frozen for two years  —  Imminent announcement expected to signal further cuts to broadcaster's staffing and programmes
RELATED:
Anthony Ha / Engadget:
A look at the escalating battle between YouTube and ad blockers, as YouTube speeds up its methods to detect blockers and rolls out new ways to serve ads  —  Against all odds, open source hackers keep outfoxing one of the wealthiest companies.  —  YouTube recently took dramatic action …
 
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 More News: 
Dawn Wotapka / Talking Biz News:
Q&A with Kevin Delaney, who co-founded “future-of-work” media and research company Charter in 2021, on the company's goals, his time at Quartz and WSJ, and more
Maria Sherman / Associated Press:
Kiss' three current members reveal digital avatars of themselves, created by Pophouse and George Lucas' ILM, which will tour as the rock band stops live touring
Phil Walker / The Guardian:
How successful cricket podcasts, often begun as labors of love by obsessive fans, have persisted in a broadcasting landscape saturated by rivaling media outlets
 Earlier Picks: 
Alex Thompson / Axios:
Sources: Newsmax is clashing with the RNC after RNC proposed that Newsmax pay $2M to co-sponsor the third GOP primary debate as the junior partner to ABC News
Sophia Stewart / Publishers Weekly:
Scholastic magazine unionized employees reach a tentative new contract deal that includes a $65K salary floor, wage increases, and a hybrid work agreement
Discussion: @nyguild
Todd Spangler / Variety:
CNN launches a test of CNN Shorts, a vertical video player on its website, for smartphones; CNN's mobile app will get a CNN Shorts section in the near future
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

Andrew J. Hawkins / The Verge:
The US NHTSA suggests easing rules allowing for fully driverless cars and urges companies operating driverless cars to share more data for greater transparency

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing
 
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