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2:15 PM ET, January 23, 2024

Mediagazer

 Top News: 
Meg James / Los Angeles Times:
The Los Angeles Times announces it is laying off at least 115 people, or more than 20% of the newsroom, citing annual losses of $30M-$40M  —  The Los Angeles Times announced Tuesday that it was laying off at least 115 people — or more than 20% of the newsroom — marking …
RELATED:
Ted Johnson / Deadline:
Los Angeles Times managing editors Sara Yasin and Shani O. Hilton have exited less than two weeks after executive editor Kevin Merida resigned from the paper
CNBC:
Netflix buys the exclusive rights to WWE programs like Raw, airing in 2025 in the US, Canada, Latin America, and more; filing: the 10-year deal is worth $5B+  —  - Netflix and TKO Group Holdings said Tuesday that the streaming platform will air the WWE's flagship program Raw starting next year.
Amanda Silberling / TechCrunch:
MrBeast's first video on X earns $263K+ in ad revenue in one week, but he calls it a “facade” as he thinks advertisers bought ads after noticing its popularity  —  MrBeast made over $263,000 in ad revenue from posting his latest video on X, but the YouTube icon says he thinks this number is “a bit of a facade.”
RELATED:
Katie Kilkenny / The Hollywood Reporter:
Union staffers across Condé Nast brands plan a 24-hour walkout on Jan. 23, coinciding with Oscar nominations, to protest alleged unlawful bargaining practices  —  More than 400 workers at Vanity Fair, Vogue, Condé Nast Entertainment, Bon Appétit and other brands are walking …
Bill Donahue / Billboard:
A trial to determine whether a tattoo artist violated copyright law when she inked a photo of Miles Davis begins Tuesday, a case impacted by SCOTUS' Warhol case  —  A jury is set to decided whether celebrity tattoo artist Kat Von D infringed intellectual property by using a copyrighted photo of Davis as the basis for a tattoo.
Discussion: Copyright Lately
The 19th:
The 19th launches The 19th News Network, a group of national, regional, and local publishers who'll be able to republish, collaborate, share resources, and more  —  The new collective will elevate the work of partner publishers while also establishing more pathways for collaboration across organizations.
Jake Coyle / Associated Press:
The Associated Press receives its first Oscar nomination in history, with 20 Days in Mariupol nominated for best documentary at the Academy Awards  —  Associated Press video journalist Mstyslav Chernov covered the first 20 days of the Russian invasion of the Ukrainian city of Mariupol.
Nikhil Agarwal / The Economic Times:
Zee Entertainment's shares crash 33%, marking its worst single-day fall in history, after Sony called off the $10B merger between its Indian media unit and Zee  —  Zee Entertainment shares hit the lower circuit as brokerages downgrade the stock after the cancellation of the merger with Sony.
Donal O'Donovan / Independent.ie:
Irish independent publisher Mediahuis seeks to reduce headcount by ~10% to achieve cost saving of €4M per year; it employs around 549 in its publishing division  —  Staffing levels will be reduced by around 10pc as shift from print to digital continues.
Kourosh Ziabari / New Lines Magazine:
A look at the state of journalism in Iran as Ebrahim Raisi, the most hardline president of the Islamic Republic since 1979, cracks down on independent media  —  President Ebrahim Raisi is leaving no stone unturned to ensure his country dethrones North Korea as the most inhospitable place for reporters
Inside Radio:
Nexstar launches the NewsNation Audio Network to offer “ready to air audio clips” from the news network for participating radio stations and audio platforms  —  Nexstar Media Group's cable news network NewsNation is branching into the audio business.
 
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 More News: 
Lucas Shaw / Bloomberg:
Netflix film chairman Scott Stuber plans to leave to start a production company; Netflix's Chief Content Officer will oversee films until a replacement is found
Benjamin Mayo / 9to5Mac:
Apple will pay up to 10% more per play in Apple Music royalties for tracks where a Spatial Audio version is available, starting with January's payouts
 Earlier Picks: 
Max Tani / Semafor:
The 2024 GOP primary races are failing to lure news audiences back, with ratings down, as media execs reckon with the lack of a “Trump bump” to save ad budgets
Kyle Wiggers / TechCrunch:
ElevenLabs, which uses AI tools to create and edit synthetic voices, raised an $80M Series B co-led by a16z, Nat Friedman, and Daniel Gross at a $1B+ valuation
 

 
From Techmeme:

Forbes:
AI startup founders and VCs hope that a Trump administration will lead to lighter regulations and the return of real acquisitions, not “contorted” ones

Igor Bonifacic / Engadget:
Pocketpair says Nintendo and Pokémon Company are seeking ~$65K in damages in their lawsuit and lists the three patents the studio is accused of infringing

Financial Times:
Sources: TSMC told Chinese customers it would no longer manufacture AI chips at advanced process nodes of 7nm or smaller as of this coming Monday
 
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