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8:35 AM ET, January 26, 2024

Mediagazer

 Top News: 
Mark Sweney / The Guardian:
Telegraph Media Group CEO Nick Hugh steps down as the UK prepares to launch a second probe into plans to transfer control of the titles to a UAE-backed group  —  Nick Hugh's exit comes amid concern over Barclay family's deal to transfer control of titles  —  The chief executive of the Telegraph …
Discussion: Press Gazette and Reuters
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 started a work stoppage Thursday that will last through Monday, in response to protracted contract negotiations
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:
Joseph Hudak / Rolling Stone:
A group of investors including country singer Morgan Wallen buy Field & Stream, with plans to relaunch it as a brand and biannual print magazine  —  The country stars will relaunch the hunting, fishing, and outdoors brand digitally, in print, and through a live music festival
Discussion: Variety and Billboard
Winston Cho / Hollywood Reporter:
The George Carlin estate sues Dudesy, which released a comedy special featuring an AI-generated recreation of George Carlin, alleging copyright infringement  —  “We have to draw a line in the sand,” says daughter Kelly Carlin, who sued creators of an hourlong special titled 'George Carlin: I'm Glad I'm Dead.'
Hanaa' Tameez / Nieman Lab:
How disagreements between the Los Angeles Times and the LA Times Guild over seniority protections resulted in more than 60 journalists of color being laid off  —  Disagreements between the LA Times and its Guild over seniority protections ended in more than 60 journalists of color being laid off.
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 wrestling business, raising questions about 2022 board probe into CEO's payouts
Reuters:
A Moscow сourt extends the custody of WSJ reporter Evan Gershkovich to March 30, 2024 as he awaits trial; Gershkovich can appeal within three days  —  A Moscow сourt extended the custody of Wall Street Journal reporter Evan Gershkovich by two months on Friday as he awaits trial on spying charges that he denies.
Ben Thompson / Stratechery:
An interview with Netflix co-CEO Greg Peters on the lack of a Netflix app on the Apple Vision Pro, the WWE deal, content strategy, ads, competition, and more  —  I am pleased to welcome Netflix Co-CEO Greg Peters for a Stratechery Interview.  Peters was named the co-CEO of Netflix …
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
 
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 More News: 
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
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
Bloomberg:
Sources: Disney's India assets are being valued at ~$4.5B in merger negotiations with Reliance, less than the $10B Disney initially pursued
Discussion: Reuters
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
 Earlier Picks: 
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
Discussion: The Texas Observer
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
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
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
 

 
From Techmeme:

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

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November

Bloomberg:
Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
 
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