Mediagazer: Sources: Jamie Stockwell, who had been Axios Local executive editor, will oversee Washington Post local coverage, replacing Mike Semel, who has been promoted (Andrew Beaujon/Washingtonian)

7:40 PM ET, January 4, 2024

Top News:

Benjamin Mullin / New York Times:

Sources: The Messenger made ~$3M in revenue in 2023 and told potential investors it had $1.8M in cash on hand at the end of December after losing ~$38M in 2023 — The company, which debuted last year with big plans to disrupt journalism, generated only $3 million in revenue by the end of December.

Discussion: @royprice and @benmullin

Sara Fischer / Axios:

Sources: conservative media and business execs met with Jimmy Finkelstein at Mar-a-Lago on January 3 to discuss acquiring a 51% stake in The Messenger for $30M — A group of conservative media and business executives met with The Messenger founder Jimmy Finkelstein on Wednesday to discuss acquiring …

Discussion: @aysrick, @justinbaragona, @peterschorschfl, @jbenton, @jbenton, @jbenton, @jbenton, @taraemcg, @drewsav, @amandabecker, @cmseeberger, @seangriffey, @bencjacobs, @bgrueskin, Andy Barr on LinkedIn, Sara Fischer on LinkedIn and @johnbattelle@threads.net

Sara Fischer / Axios:

Sources: The Messenger is seeking to raise around $20M amid layoffs and financial struggles; it launched in 2023 after a $50M raise — Digital news start up The Messenger is seeking to raise around $20 million amid layoffs and financial struggles, sources tell Axios.

Discussion: @simondowens@threads.net, Julie Westfall on LinkedIn, Defector, The Wrap, @henryporters, @jasonshevrin, @themaxburns, @ernie.tedium.co, @scottnover, @rolandsmartin, New York Post, The Daily Beast and The Information

The Information:

Sources: OpenAI offered some media firms $1M to $5M per year to license news articles for model training; Apple offers more but wants to use content more widely — OpenAI has offered some media firms as little as between $1 million and $5 million annually to license their news articles …

Discussion: Bloomberg, The Verge, Neil Katz on LinkedIn, New York Post, @blairmacgregor, @alex, Rafael Brown on LinkedIn, @garymarcus, Nicholas Yanes on LinkedIn and Thurrott, more at Techmeme »

Andrew Beaujon / Washingtonian:

Sources: Jamie Stockwell, who had been Axios Local executive editor, will oversee Washington Post local coverage, replacing Mike Semel, who has been promoted — Jamie Stockwell previously oversaw Axios Local's expansion to dozens of metro regions. — Jamie Stockwell, who was the executive editor …

Discussion: @benmullin

Sara Fischer / Axios:

Eric Newcomer, founder of the Newcomer newsletter on startups and VCs, says he made $1M+ in 2023 revenue from events and subscriptions and has hired a reporter — Eric Newcomer, the founder and author of Newcomer, an independent newsletter covering startups and venture capital …

Discussion: Talking Biz News, @ericnewcomer, Newcomer, @ericnewcomer, @maddierenbarger and The Guardian

Om Malik / On my Om:

The decline of Wired, once a magazine that inspired hope in technology's future, illustrates a broader loss of necessary optimism among tech writing communities — On January 2nd, 1993, Wired burst onto the scene, and let me tell you, it transformed the way many of us looked at technology and its impact on our future.

Discussion: Steve Makofsky on LinkedIn, @joelmathis.bsky.social, The Rebooting, @johnnylaird, @keithgrossman and @spencerreiss

Andrew Marchand / New York Post:

YES and MSG Network partner to launch Gotham Advanced Media and Entertainment, a 50/50 venture that aims to capitalize on their streaming services — YES and MSG Network are partnering on a new venture that eventually could lead to a direct-to-consumer streaming service that offers the Yankees …

Discussion: Awful Announcing, Sphere Entertainment Co., Next TV, The Streamable, Front Office Sports, @stegensurvivor, @tim_bays, @aagave, Sportico, @yesnetwork, @mattzeitlin, @loudmouthjulia, @lucas_shaw, @ncostanzo24, @andrewmarchand, @pitchforkedpuck and The Hollywood Reporter

Ralph D. Russo / Associated Press:

The NCAA and ESPN announce a $920M, eight-year agreement that will give ESPN rights to 40 championships, including the Division I women's basketball tournament — The NCAA and ESPN announced on Thursday a $920 million, eight-year agreement that will give the network exclusive rights to 40 championships …

Wall Street Journal:

As Google restricts third-party cookies for 1% of Chrome users, marketers, adtech companies, and publishers say Google has not done enough to prepare the market — Search giant plans to remove a technology seen as critical to the digital-ad industry — Google is going forward …

Jacob Feldman / Sportico:

Marie Donoghue, vice president of global sports video at Amazon's Prime Video and a former top ESPN executive, is leaving the company — Five years after being tapped by Amazon to lead its global sports programming efforts, Marie Donoghue is leaving the company, a spokesperson confirmed.

Discussion: The Wrap, Variety, Awful Announcing, Barrett Media, @jacobfeldman4 and @andrewmarchand

Brian Steinberg / Variety:

VideoAmp founder Ross McCray steps down as CEO as the company prepares to lay off nearly a fifth of its staff; Peter Liguori will serve as executive chairman — The founder of VideoAmp, a measurement-technology start-up that has been vying with Nielsen and others to create a new means …

Discussion: Ad Age

Brian Steinberg / Variety:

Amazon names Jeremy Helfand vice president and head of sales for Prime Video; he had been EVP for advertising for Disney's interactive businesses — Amazon has tapped a Disney veteran to lead its new push into the streaming ad wars. — Jeremy Helfand, who rose from a position at Hulu …

Discussion: Adweek, Ad Age, The Information and The Wrap

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Brian Steinberg / Variety:
GroupM forms a consortium with Disney, Roku, NBCU, YouTube, and others to push for standardized measurements and ad formats for use across streaming services

Discussion: Tubefilter, Next TV, Deadline, GroupM, Adweek and Ad Age, more at Techmeme »

Agence France-Presse:
Tunisian authorities arrest Al Jazeera reporter Samir Sassi, one week after the arrest of Tunisian journalist Zied el-Heni, who criticized a minister

Discussion: IFJ and Committee to Protect …

Michael M. Grynbaum / New York Times:
RedBird IMI invests in Media Res, the independent studio behind “The Morning Show”; Jeff Zucker plans to take a seat on the studio's board

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Paul Sandle / Reuters:
Layered Reality announces Elvis Evolution, an AI, AR, and holographic-based show, launching in London in 2024 before traveling to Las Vegas, Tokyo, and Berlin

Discussion: Breitbart, Billboard, The Guardian, The A.V. Club, BBC, @michaelsocolow, Rolling Stone and Variety, more at Techmeme »

Bloomberg:
Sources: TikTok aims to grow TikTok Shop US' merchandise volume tenfold to $17.5B in 2024 and plans to increase merchant fees to 6% of each sale in April 2024

Discussion: MediaPost, @yohaas, Semafor, @herrmanndigital, @rishabhmjain, @alejandrochahin, TechCrunch, @carnage4life@mas.to, Digital Music News, The Information, WWD, Forbes and Insider Intelligence

Aditya Kalra / Reuters:
Sources: Disney and Reliance executives signed a non-binding term sheet in December and both have hired law firms to do antitrust due diligence for their merger

Discussion: Variety, Financial Times and Wall Street Journal

Earlier Picks:

Spencer Soper / Bloomberg:
BOA analysis: Amazon's video ad push will boost annual revenue by up to $5B, comprising $3B in video ad sales and $1.8B in Prime users paying to avoid ads

Discussion: The Motley Fool

Kari Paul / The Guardian:
Q&A with Jacob Bakkila, who ran the popular @Horse_ebooks Twitter account for two years, on the inspirations behind the language bot, AI chatbots, and more

more at Techmeme »

Winston Cho / The Hollywood Reporter:
In a lawsuit, a Disney employee claims she was sexually assaulted by former VP of distribution Nolan Gonzales and that management didn't escalate concerns to HR

Discussion: New York Post, ComingSoon.net, Deadline and Bloomberg Law

Georg Szalai / The Hollywood Reporter:
MPA: the Asia Pacific video industry grew 5.5% in 2023 to hit $145B in revenue, with a 13% jump in online video sales to $57B; TV revenue grew under 1% to $98B

Discussion: @livemint, Livemint, WORLD SCREEN and Advanced Television

Michael Schneider / Variety:
After a WGA protest, the Television Academy and Fox reverse an earlier plan and return the Emmy for variety series outstanding writing to the Emmys telecast

Discussion: @scenarist.bsky.social, @jennifergrand.bsky.social, @wgawest, IndieWire, The Wrap and The Hollywood Reporter

From Techmeme:

Mishaal Rahman / Android Authority:
Source: Google has canceled the development of a second-generation Pixel Tablet, planned for release in 2025, due to concerns that it wouldn't sell very well

Mark Gurman / Bloomberg:
Sources: Apple is testing a more conversational version of Siri, dubbed “LLM Siri”, with plans to release it in spring 2026 as part of iOS 19 and macOS 16

Kent Walker / The Keyword:
Google says the DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers, and jeopardize the US' global tech leadership

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