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6:00 AM ET, December 5, 2023

Mediagazer

 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 1,500 jobs, or about 17% of its workforce, in its third round of layoffs this year …
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Ashley Carman / Bloomberg:
Spotify plans to cancel the Gimlet Media podcasts Heavyweight and Stolen after their current seasons, as the company retreats from in-house productions  —  - Shows will finish out work on current, in-production seasons  — Programming decision coincides with company's latest job cuts
Catharine Tunney / CBC News:
CBC/Radio-Canada plans to cut ~10% of its workforce, or 600 workers, and cut CA$40M in programming over the coming year to cope with a CA$125M budget shortfall  —  Public broadcaster says most cuts will take effect over the coming year  —  The Canadian Broadcasting Corporation/Radio-Canada announced Monday …
Perry Bacon Jr / Washington Post:
MSNBC should be careful not to become the TV arm of the Democratic Party leadership, as shown by some of its recent moves, like the cancellation of Mehdi Hasan  —  The cancellation of Mehdi Hasan's show is the latest in a series of recent moves by MSNBC that are pushing the network …
Max Tani / Semafor:
An interview with Megyn Kelly about co-hosting the Dec. 6 GOP presidential primary debate on NewsNation, her pivot to audio, being “un-cancellable”, and more  —  The News  —  After Megyn Kelly left her high-profile Fox News perch for a $69 million, three-year NBC contract …
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.
Timmy Shen / The Block:
Sources: as part of its January 2023 merger with CryptoSlam, Forkast Labs laid off the majority of its editorial staff and suspended operations in November  —  - The crypto news site wound down editorial operations on Nov. 30, sources close to the matter said.
Will Sommer / Washington Post:
Ex-Fox News employee Andrew Delancey sues the network and top producer Justin Wells over an alleged sexual assault; Wells now works on Tucker Carlson's X show  —  A former Fox News staffer is suing the producer — who was fired last spring along with the host — over the alleged assault …
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.
Mark Kleinman / Sky News:
Source: Ofcom CEO Melanie Dawes will remain recused from the watchdog's probe into the sale of The Daily Telegraph as the Lloyds Banking employs her husband  —  Dame Melanie Dawes will play no role in Ofcom's inquiry even after Lloyds, which employs her husband, is repaid a £1.16bn loan later on Monday, Sky News learns.
Discussion: Bloomberg
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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 …
Paul MacInnes / The Guardian:
The English Premier League signs a new deal with Sky and TNT Sports under which the soccer competition will receive £6.7B over four years for its UK TV rights  —  - Number of live games set to grow substantially as part of deal  — Match of the Day to continue after BBC buys highlights rights
Etan Vlessing / The Hollywood Reporter:
Nexstar CEO Perry Sook says The CW may break even by the end of 2025 after Nexstar achieved about $100M in annual savings  —  Perry Sook said the advertising recession and the recent dual Hollywood strikes represent headwinds to getting beyond losses at broadcast network.
Discussion: @benmillermke and @tvgrimreaper
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
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 More News: 
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
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
 Earlier Picks: 
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
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
 

 
From Techmeme:

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

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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