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7:45 PM ET, December 8, 2023

Mediagazer

 Top News: 
Lucas Manfredi / The Wrap:
Paramount's stock jumps ~14% over reports Skydance Media CEO David Ellison and RedBird Capital's Gerry Cardinale are “kicking the tires” on acquiring its assets  —  The companies are reportedly interested in parent company National Amusements' majority stake in the media conglomerate
Reuters:
After a Reuters report found that Israel fired the shells that killed journalist Issam Abdallah on October 13, Israel says Abdallah was in an active combat zone  —  The Israeli military, responding on Friday to a Reuters investigation that determined its forces killed a Reuters journalist …
Nick Robertson / The Hill:
ABC News plans to host the sixth Republican presidential primary debate, in New Hampshire on January 18, three days before a CNN debate at the same location  —  ABC News announced Thursday that it will host the sixth GOP debate on Jan. 18 in Manchester, New Hampshire, set to take place just days before a CNN event at the same location.
Poynter:
Challenger, Gray & Christmas: the news sector of the media industry has seen 2,681 job cuts from January through November 2023, more than in all of 2022 or 2021  —  The news sector alone has lost 2,681 jobs so far in 2023 — more than it did in all of 2022 or 2021.
Todd Spangler / Variety:
SEC filing: Netflix details 2024 pay plans for co-CEOs Ted Sarandos and Greg Peters, with base salaries of $3M, target cash bonuses of $6M, and stock worth $31M  —  For Sarandos, $40 million is the same level of pay he is set to receive in 2023, while Peters is getting a 5% step …
Bloomberg:
Sources: DAZN Group, the sports streaming company backed by Len Blavatnik, is exploring ways to raise as much as $1B, seeking to accelerate its global expansion  —  - Blavatnik's sports broadcaster holds talks with advisers  — CEO previously said DAZN would welcome strategic partners
Discussion: Cord Cutters News
Wall Street Journal:
Sources: X has held preliminary talks with Amazon to make ads available via Amazon's ad-buying software, and PubMatic, seeking to attract more small advertisers  —  Social-media platform has had preliminary talks with Amazon to sell ads through e-commerce giant's ad-buying software
Lee Enterprises, Inc.:
Lee Enterprises reports Q4 operating revenue down 15.3% YoY to $164M, net loss down 80% YoY to $1.3M, and digital-only subscribers up 36% YoY to 721K  —  Total Digital Revenue(1) was $73M in the quarter, representing 44% of revenue  —  Digital-only subscribers total 721,000, exceeding guidance and up 36% YOY
Discussion: MediaPost and @byjonharris
Lisa Heyamoto / LION Publishers:
Lessons from LION's Revenue Growth Fellowship: revenue growth requires operational readiness, a clear strategy, leader involvement, and hiring the right person  —  How strategy, structure and consistency are essential for revenue growth, and other lessons learned from our Revenue Growth Fellowship
Reuters:
Axel Springer is shutting down its news aggregator app Upday at the end of December and plans to relaunch it as a “trend news generator” driven by AI in 2024  —  Axel Springer is shutting down the news outlet Upday, the German publishing giant said on Friday, in plans to revive the brand as a …
Discussion: Axel Springer SE
 
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 More News: 
Sam Kille / Report for America:
Report for America adds dozens of host newsroom partners and opens applications for 50+ reporting jobs, including seven involving statehouse coverage for the AP
Todd Spangler / Variety:
Spotify says CFO Paul Vogel plans to leave on March 31, 2024, and launches a search for a successor; Daniel Ek wants a CFO “with a different mix of experiences”
Brian Steinberg / Variety:
Disney and Brittney Griner, who Russia arrested and held in 2022, strike a deal to tell “the nuances of her story” across ESPN, ABC News, and a scripted series
 Earlier Picks: 
Jake Kanter / Deadline:
The BBC says the new TV license fee deal leaves a £90M funding gap, as insiders warn the deal sets a “worrying” precedent and “threatens the BBC's independence”