Mediagazer: NY Daily News journalists begin a one-day work stoppage to protest layoffs and a new overtime policy; a third of union members have left since 2022, leaving 54 (Katie Robertson/New York Times)

11:10 AM ET, January 25, 2024

Top News:

Josh Eidelson / Bloomberg:

Unionized Forbes editorial employees plan to start a work stoppage today that will last through Monday, in response to protracted contract negotiations — - First-ever walkout at business magazine to begin on Thursday — ‘They are dragging their feet and slow-walking’ process

Discussion: The Wrap, Axios and nyguild.org

Katie Robertson / New York Times:

NY Daily News journalists begin a one-day work stoppage to protest layoffs and a new overtime policy; a third of union members have left since 2022, leaving 54 — Newsroom workers at The Daily News Union, which formed in 2021, are in negotiations for their first contract.

Discussion: The Wrap and nyguild.org

Georg Szalai / The Hollywood Reporter:

Comcast reports Peacock revenue rose 57% YoY to $1B in Q4, a $825M loss in Q4 and $2.75B in 2023 for the unit, and 31M paying subscribers, a net gain of 3M — NBCUniversal parent Comcast, led by chairman and CEO Brian Roberts, reported earnings on Thursday.

Discussion: Variety, The Desk, The Streamable, @sherman4949, @modestproposal1, @ballmatthew, Media Play News, Deadline, Broadband TV News and Cord Cutters News

Alex Sherman / CNBC:

Comcast reports NBCU revenue rose 3.1% YoY to $6.98B and adjusted EBITDA dropped 50% YoY to $108M due to rising sports and Peacock programming costs — - Comcast revenue rose 2.3% to $31.25 billion in the fourth quarter. — Net income rose 7.8% to $3.26 billion, or 81 cents a share.

Discussion: The Wrap, Next TV, Bloomberg, Reuters and NBC 7 San Diego

Todd Spangler / Variety:
Antenna: Peacock's exclusive stream of the NFL AFC Wild Card game drove a record 2.8M sign-ups for the streaming service

Discussion: MediaPost, IndieWire, Media Play News, Antenna, @xpangler, @pkafka, Shannon Boyd on LinkedIn, Awful Announcing, @joelmathis.bsky.social, Dan Rayburn on LinkedIn, The Desk, The Streamable and Business Insider

Barbara Peng / Business Insider:

In a memo, Business Insider CEO Barbara Peng says the outlet is laying off 8% of its staff, part of plans to focus on covering business, tech, and innovation — At the end of 2023, we announced our way ahead: We're Business Insider, our center of gravity is business, tech, and innovation …

Discussion: The Hill, Talking Biz News, Variety, Semafor, Press Gazette, The Wrap, Reuters, The Messenger, The Daily Beast, @sarafischer, @emilybell and @maxwelltani

Nate Raymond / Reuters:

A US appeals court rules 9-7 that Texas-based citizen journalist Priscilla Villarreal cannot sue officials over her arrest for asking a police source questions — A citizen journalist in Texas cannot sue officials over her arrest for asking a police source questions, a divided federal appeals court …

Discussion: The Texas Observer and Fox News

Luke Bouma / Cord Cutters News:

Fubo TV launches Instant Headlines Beta, which uses AI to generate headlines from live news programs on Fox News, MSNBC, CNN, and other networks — You may be familiar with AI-powered highlights of sporting events. Now, though, Fubo has announced for the first time you will be able to get instant headlines from live news programs.

more at Techmeme »

Sara Fischer / Axios:

CUNY's Craig Newmark School of Journalism plans to cover tuition for 50% of students in 2025 and raise money to expand free tuition to all students by 2026 — The Craig Newmark Graduate School of Journalism at CUNY is going tuition-free, its namesake Craig Newmark and the school's dean, Graciela Mochkofsky, told Axios.

Discussion: @brizzyc, Dimas Sanfiorenzo on LinkedIn and Newmark J-School

Bloomberg:

Sources: Skydance CEO David Ellison has made a preliminary offer to buy Redstone family's National Amusements, as a way to take control of Paramount Global — - Both sides have advisers, are sharing financial information — Son of Oracle Corp. co-founder has met with Shari Redstone

Discussion: CNBC, The Desk, The Messenger, Reuters, @sherman4949, @lucas_shaw, @sherman4949, @tvgrimreaper, Deadline, The Wrap, The Information, Lucas Shaw on LinkedIn and Cord Cutters News

Daniel Thomas / Financial Times:

Paris-based ad and marketing group Publicis plans to invest €300M in AI, including €100M in 2024, to help improve media planning, buying, and optimization — Decision comes as advertising industry faces existential threats from generative artificial intelligence

Discussion: MediaPost, TechStartups, Bloomberg, Publicis Groupe, Reuters and Ad Age

Sophie Culpepper / Nieman Lab:

A look at City Cast, which now has four-person teams producing local news newsletters and podcasts in 11 US cities, after a 2021 launch in Chicago and Denver — This month, City Cast published guest demographic data for podcasts in its 11 cities and analyzed how that data compared to each local community.

Discussion: City Cast

Aditya Kalra / Reuters:

Sources: Zee Entertainment tells Disney that the company does not plan to move forward with a deal to pay ~$1.4B for cricket TV rights, announced in August 2023 — India's Zee Entertainment (ZEE.NS) has told Walt Disney (DIS.N) it does not intend to move forward with a deal to pay around $1.4 billion …

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Yona Tr Golding / Columbia Journalism Review:
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Thomas Buckley / Bloomberg:
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more at Techmeme »

Robbie Whelan / Wall Street Journal:
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Discussion: Business Insider

New York Times:
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Discussion: Barrett Media and Orlando Sentinel

Alison Frankel / Reuters:
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Discussion: The Hollywood Reporter, Courthouse News Service, Deadline, Bloomberg, Los Angeles Times, The Messenger and The Hill

Earlier Picks:

Katie Robertson / New York Times:
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Discussion: @ericnewcomer, @markgurman, @emilychangtv, @ashleevance, @joelwebershow, @bradstone, MediaPost and Talking Biz News

Todd Spangler / Variety:
Warner Bros. Discovery, which replaced its HBO Max name with Max in May 2023 in the US, plans to expand the change to Latin America on February 27

Discussion: @patrickdehahn, 9to5Mac and Rolling Stone

Ash Parrish / The Verge:
Twitch changes the Prime Gaming subscription payout model to a fixed rate, expands the Partner Plus Program, and removes the $100K cap for 70/30 revenue share

Discussion: @morgan_sung, @twitch, @greibach_vt, @shindags, @morgan_sung, Forbes, Gizmodo, Engadget, TechCrunch and Twitch, more at Techmeme »

David Folkenflik / NPR:
NPR names Web Summit CEO and former Wikimedia Foundation chief Katherine Maher as its 12th permanent CEO and president

From Techmeme:

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

Jay Peters / The Verge:
Adam Mosseri says Threads is rebalancing ranking to prioritize content from people that users follow, warns that creators' “unconnected” reach may go down

Paige Smith / Bloomberg:
The CFPB will supervise tech companies with digital wallets, like Apple Pay, Google Pay, and Venmo, with 50M+ annual transactions, treating them more like banks

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