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.
Discussion:
Adweek, The Streamable, The Desk, Variety, Deadline, @sherman4949, @modestproposal1, @ballmatthew, Media Play News, Broadband TV News and Cord Cutters News
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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, WORLD SCREEN and NBC 7 San Diego
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 …
Discussion:
CNN, The Hill, Talking Biz News, Variety, Semafor, The Wrap, Press Gazette, Reuters, The Messenger, The Daily Beast, @sarafischer, @maxwelltani and @emilybell
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 …
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
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.
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
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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