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5:00 PM ET, January 16, 2024

Mediagazer

 Top News: 
Michael M. Grynbaum / New York Times:
News outlets calling Trump as the winner of the Iowa caucuses early infuriates his Republican rivals and prompts new hand-wringing about the media and elections  —  No votes had been cast at some locations when The Associated Press and TV networks projected Donald Trump as the winner, half an hour after the caucuses began.
Colin Salao / TheStreet:
Barstool Sports CEO Erika Ayers Badan says she is stepping down after joining in 2016 and overseeing massive growth at the outlet  —  Ayers Badan was sentimental in a video posted to social media.  —  Barstool Sports is losing its CEO.  —  Erika Ayers Badan, the CEO of Barstool Sports posted on X …
Rebecca Sun / The Hollywood Reporter:
Adobe and the Adobe Foundation commit $6M to launch The Adobe Film & TV Fund to support the work of existing nonprofits that help underrepresented creators  —  The company and its foundation is collaborating with the NAACP, Easterseals, Gold House, Latinx House, Sundance Institute and Yuvaa in its first year.
Lorraine Mirabella / Baltimore Sun:
David Smith, executive chairman of Sinclair, acquires Baltimore Sun Media from Alden, which bought the outlet in May 2021; Sinclair wasn't involved in the deal  —  The Baltimore Sun, the largest newspaper in Maryland, has been acquired in a private deal by David D. Smith …
Kenneth Li / Reuters:
Thomson Reuters acquires World Business Media, a subscription-based, 25-person outlet providing news and analysis on the insurance market  —  said on Tuesday it acquired World Business Media Limited, a subscription-based provider of news and analysis on the insurance and reinsurance market.
Sara Fischer / Axios:
Sources: Red Ventures has approached buyers about selling CNET for at least $250M, after acquiring the outlet and other sites for $500M in 2020  —  Red Ventures, the digital media and marketing juggernaut based in Fort Mill, South Carolina, has approached strategic buyers about offloading tech news …
Chloe Mac Donnell / The Guardian:
A look at the surge of fashion content on Substack, as veteran fashion editors, stylists, and other newsletter writers give shopping recommendations  —  We used to look to magazines, store assistants and bloggers to help us decide what to buy.  Now the publishing site has become the go-to spot for style advice
Brian Steinberg / Variety:
TelevisaUnivision plans to launch an ad-supported tier of its Spanish-language streamer, ViX, later in 2024 “at a lower price point with a moderate ad load”  —  TelevisaUnivision plans to launch an ad-supported version of its Spanish-language streamer, ViX, later in 2024 …
Winston Cho / Hollywood Reporter:
FilmLA: Los Angeles film and TV production fell 36.4% YoY to 5,520 shoot days in Q4 amid the Hollywood strikes, marking the fourth consecutive quarterly drop  —  The actors and writers strikes, combined with runaway production, led to some of the lowest production levels in the city's recorded history.
The Wrap:
Sources: the LAT suffers from its owner meddling in editorial decisions and from a lack of vision without a CEO; a former editor estimates it's losing $50M/year  —  Respected editor Kevin Merida abruptly resigned last week after getting fed up with owner interference in the newsroom
 
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 More News: 
Winston Cho / The Hollywood Reporter:
Disney and 20th Century settle a lawsuit from TSG, which accused them of withholding profits and self-dealing to boost sub numbers for their streaming services
Joe Rossignol / MacRumors:
Apple details select streaming and sports apps available on Vision Pro at launch, including Disney+, ESPN, MLB, PGA, Max, and TikTok; some will have 3D movies
Beatrice Nolan / Business Insider:
MrBeast uploads his first X video to test its ad revenue system; in December 2023, MrBeast said a billion views on X “wouldn't fund a fraction of” of his videos
 Earlier Picks: 
David Segal / New York Times:
A look at music streaming fraud, including bot farms and pirates relabeling musicians' work to steal revenue; Beatdapp estimates fraud costs musicians $2B/year
Lesley Goldberg / The Hollywood Reporter:
WBD's HBO and Max won 31 awards at the 75th Emmy Awards, while Netflix won 22, FX 16, Apple TV+ 10, Disney+ nine, Amazon Prime Video six, and NBC five
Calum Jaspan / Sydney Morning Herald:
Nine names Tory Maguire, the current executive editor of SMH and The Age, as its Managing Director of Publishing, after James Chessell resigned in December
Discussion: Mumbrella
OpenAI:
OpenAI shares its plans ahead of 2024 elections, including image provenance tools and not letting users make tools for impersonation or political campaigning
Loni Prinsloo / Bloomberg:
Showmax, available in 50 African countries, relaunches, appoints Andrea Zappia as chair, and partners with Comcast, aiming to generate $1B revenue in five years