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7:05 PM ET, January 25, 2024

Mediagazer

 Top News: 
Sara Salinas / CNBC:
In a memo, Paramount CEO Bob Bakish announces layoffs, citing a need to “operate as a leaner company and spend less”; he did not disclose the size of the cuts  —  - Paramount CEO Bob Bakish announced layoffs at the media company.  — He did not disclose how many jobs the company would cut.
RELATED:
Khadeeja Safdar / Wall Street Journal:
Janel Grant, an ex-WWE staffer who received a payout from Vince McMahon and signed an NDA in 2022, files a lawsuit accusing WWE and McMahon of sex trafficking  —  Janel Grant files lawsuit saying McMahon pressured her into sex with him and other men at WWE, raising questions about 2022 board probe into CEO's payouts
Sara Fischer / @sarafischer:
Forbes CEO Mike Federle announces layoffs affecting less than 3% of staff, saying Forbes “must remain vigilant in our current economic environment”  —  NEW: @forbes layoffs announced today, the same day its union announced a 3-day walkout. — Unclear how many impacted yet — CEO Mike Federer said in a note to staff that Forbes “must remain vigilant in our current economic environment.”
RELATED:
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
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
Discussion: Variety
Barbara Peng / Business Insider:
Business Insider CEO Barbara Peng says the outlet is laying off 8% of its staff, as part of its plan 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 …
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
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:
Katie Kilkenny / The Hollywood Reporter:
The WGA East files an unfair labor practice charge against G/O Media, alleging that G/O Media has been “bargaining in bad faith” in ongoing negotiations  —  The union represents creative staffers at The Onion, The A.V. Club and Deadspin who have threatened to strike if a new deal isn't reached by Jan. 31.
Discussion: The Information and Adweek
Amy Hawkins / The Guardian:
Documents reveal that several eligible sci-fi works were excluded from the 2023 Hugo Awards, held for the first time in China, raising censorship concerns  —  Concerns raised about interference or censorship after documents showed writers were barred despite receiving enough nominations
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.
Katie Kilkenny / The Hollywood Reporter:
The Directors Guild of America says it has secured the same streaming residuals and access to streaming platform viewing data that the WGA won  —  The union informed members on Thursday that it had also improved employer contribution rates to its pension and health plans in the second and third years of its contract.
Meg James / Los Angeles Times:
The Los Angeles Times appoints Terry Tang as the paper's interim executive editor; Tang has been LA Times's editorial page editor since February 2022  —  Los Angeles Times owner Dr. Patrick Soon-Shiong has appointed Terry Tang, editor of the editorial page, as the paper's executive editor on an interim basis.
 
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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
 

 
From Techmeme:

Wall Street Journal:
Databricks is raising $10B from a16z, Thrive, and others at a $62B valuation, among the largest VC raises in history; docs show Databricks has $2.6B in revenue

Natasha Lomas / TechCrunch:
Ireland's Data Protection Commission fines Meta €251M for a Facebook security breach that affected ~29M users globally, ~3M in the EU and EEA, in September 2018

Avram Piltch / Tom's Hardware:
Nvidia unveils Jetson Orin Nano Super Developer Kit, a $249 compact AI development board that promises 67 TOPS, compared to 40 TOPS of the $499 last-gen kit
 
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