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12:10 PM ET, January 25, 2024

Mediagazer

 Top News: 
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.
RELATED:
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
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
RELATED:
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
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 …
Bloomberg:
Sources: Disney's India assets are being valued at ~$4.5B in merger negotiations with Reliance, less than the $10B Disney initially pursued  —  - Unit valued at about $4.5 billion from $10 billion previously  — Losses incurred from cricket rights weigh on its valuation
RELATED:
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
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
Wall Street Journal:
Sources: BuzzFeed is looking to sell its food sites, Tasty and First We Feast; Fortress Investment Group, which took over Vice, is in talks to sell Refinery29  —  Latest sale discussions signal further struggles of once-hot digital media companies  —  BuzzFeed and Vice Media …
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
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 »
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
 
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 More News: 
Yona Tr Golding / Columbia Journalism Review:
Q&A with Ann Cooper, co-author of an upcoming book about the AP in Nazi Germany, on AP's choice to submit to censorship, the politics of war reporting, and more
Thomas Buckley / Bloomberg:
How the rising prices of streaming services are driving users to pirate websites with a ~90% profit margin that bring in ~$2B per year in ads and subscriptions
more at Techmeme »
 Earlier Picks: 
Katie Robertson / New York Times:
Bloomberg names veteran technology journalist Brad Stone as the next editor of Bloomberg Businessweek, as the magazine shifts from weekly to monthly publication
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
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Paresh Dave / Wired:
Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing
 
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