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12:20 AM ET, January 31, 2024

Mediagazer

 Top News: 
Christopher Palmeri / Bloomberg:
Byron Allen makes a ~$30B offer, including debt and equity, to buy all of Paramount; sources: Allen plans to sell the Paramount film studio and keep Paramount+  —  - The media mogul offering to pay a 50% premium for voting stock  — Allen already has interest from investors for assets
RELATED:
Todd Spangler / Variety:
Universal Music Group plans to cease licensing content to TikTok after their agreement expires on January 31, saying they failed to reach new licensing terms  —  UMG said that its agreement with TikTok is set to expire on Jan. 31.  “The companies have not agreed to terms for a new agreement …
The New York Times Company:
The New York Times introduces a new format to its byline pages, called enhanced bios, highlighting journalists' expertise and ethics, how they operate, and more  —  The New York Times is introducing a new format to its byline pages.  —  Our journalists are what set The New York Times apart.
John Seabrook / New Yorker:
A profile of UMG CEO Lucian Grainge, who helped record labels rake in billions of dollars from streaming and now hopes to do the same with generative AI  —  Lucian Grainge, the chairman of UMG, has helped record labels rake in billions of dollars from streaming.  Can he do the same with generative artificial intelligence?
Emilia David / The Verge:
Meg James / Los Angeles Times:
The Los Angeles Times Interim Executive Editor Terry Tang names Hector Becerra as the paper's managing editor; Becerra joined The Times in 1999  —  Veteran Los Angeles Times journalist Hector Becerra has been named managing editor of the newspaper.  —  Interim Executive Editor Terry Tang announced …
Bloomberg:
French media conglomerate Vivendi formally proposes splitting into four separately traded companies, including one for the film and TV studio Canal+  —  - Vivendi has complained about its stock trading at a discount  — Canal+ is largest unit, accounting for more than half of sales
Discussion: Reuters
 
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 More News: 
Nicole Sperling / New York Times:
Talent agency WME partners with tech startup Vermillio to protect WME clients from thefts of their likeness and IP by using AI technology to track images
Hanaa' Tameez / Nieman Lab:
The Daily Iowan, the University of Iowa's independent student newspaper, purchases two weekly local newspapers, the Mount Vernon-Lisbon Sun and Solon Economist
Matthew Kish / Oregonian:
The Oregonian plans to appeal a court order to not publish info from docs that a lawyer accidentally sent it, saying prior restraint goes against 1A
Mark Stenberg / Adweek:
Memo: TechCrunch plans to wind down TC+, its paid subscription product launched in 2019 as ExtraCrunch, and lays off ~8 employees, amid media industry-wide cuts
 Earlier Picks: 
Daniel Thomas / Financial Times:
WPP plans to spend £250M on AI development in 2024 and make similar investments in the future, as part of an overhaul of its operations to meet client demands
The Information:
Sources: TikTok plans to open studios in several cities, including LA, where creators can livestream and sell products, a strategy that worked for Douyin
Andrew Goudsward / Reuters:
The US sentences IRS contractor Charles Littlejohn to five years in prison for leaking the tax returns of Donald Trump and other Americans to media outlets
Michael Hardy / Texas Monthly:
A look at the decline of Austin American-Statesman, as Gannett steadily slashes staffing and budgets despite the paper winning a Pulitzer for Uvalde reporting
Nathan Wilk / OPB:
The Eugene Weekly plans to return to print on February 8, rehiring essential staff after $150K in donations, following an alleged embezzlement in December 2023