Mediagazer: Memo: MrBeast plans to hire an HR officer and a CFO and implement safety and sensitivity training, amid allegations of impropriety and unsafe sets (James Pollard/Associated Press)

6:20 PM ET, August 9, 2024

Top News:

Memo: MrBeast plans to hire an HR officer and a CFO and implement safety and sensitivity training, amid allegations of impropriety and unsafe sets — MrBeast has ordered a full assessment of the internal culture in his YouTube empire as well as an investigation into “allegations …

Discussion: Tubefilter, Kotaku, Metro.co.uk, @dexerto and Deadline

Natalie Korach / The Wrap:

Paramount sells entertainment news websites ComicBook and PopCulture to Savage Ventures, which created a joint venture to relaunch Vice digital properties — This comes after Paramount Global's newly appointed co-CEOs detailed a plan including $500 million in cost cuts

Discussion: @jkschmidt, Breitbart, @rollinbishop, @rollinbishop, @kasey__moore, The Hollywood Reporter and Graphic Policy

Todd Spangler / Variety:
Paramount Global says it will cut 15% of its US workforce, or about 2,000 employees, in the next few weeks, after cutting about 800 positions in February

Discussion: The Guardian, Media Play News, Fast Company, Wall Street Journal, IGN, Fox Business, @hadas_gold, AdExchanger, StreamTV Insider, CNN, Deadline, Next TV, TVNewsCheck, IndieWire, The Wrap, Los Angeles Times and Deadline

Alex Sherman / CNBC:
Paramount reports Q2 revenue down 11% YoY to $6.81B vs. $7.21B est., its first ever streaming profit, of $26M, and a $5.98B impairment charge for cable networks

Discussion: New York Daily News, Awful Announcing, Paramount, The Hollywood Reporter, The Desk, Cord Cutters News, Business Insider, Next TV, The Information, The Wrap, The Streamable, Media Play News, IndieWire, Reuters, Variety, Bloomberg and Deadline

Yasmin Rufo / BBC:

The BBC asks Huw Edwards to return the £200K+ in salary he made between his November arrest and his April resignation; BBC Chair says he “behaved in bad faith” — Huw Edwards has been asked to return his salary paid since his arrest, with the BBC chair telling staff the ex-presenter acted in “bad faith”.

Discussion: BBC, CNN, Financial Times, Reuters, The Hollywood Reporter, Julie Temple on LinkedIn, Press Gazette, Deadline and The Guardian

Todd Spangler / Variety:

WBD pulls the contents of cartoonnetwork.com, which featured full CN episodes and video clips, and redirects visitors to sign up for Max — Cartoon Network has been scrubbed from the web. … The shuttering of the site appears to have happened Thursday, Aug. 8.

Joe Flint / Wall Street Journal:

Netflix strikes a deal to have CBS Sports produce the two NFL games to be streamed live on Christmas; on-air talent to call the games will be decided later — The on-air talent that will call the games will be named later — Netflix said it has struck a deal to have CBS Sports produce …

Discussion: Reuters, Awful Announcing, Sportico, Fox Business, Sports Media Watch and TVNewsCheck

Charlotte Tobitt / Press Gazette:

A £350M bid for The Telegraph by ad mogul Maurice Saatchi and Lynn Forester de Rothschild fails to make it to a second round in the auction run by RedBird IMI — Sir Paul Marshall reported to be the frontrunner for The Spectator. — Former advertising mogul Lord Saatchi has had a £350m bid to buy The Telegraph rejected.

Discussion: Sky News and Financial Times

Nellie Andreeva / Deadline:

Sources: Hearst Television lays off dozens of employees working for its free streaming service Very Local, which launched in 2021, serving 26 US markets — Hearst Television has let go of dozens of employees working for its streaming service Very Local, sources tell Deadline.

Discussion: TVNewsCheck

Rani Molla / Sherwood News:

A Q&A with Wikimedia Foundation executives on how AI could make knowledge more accessible to people, the possibility that it discourages volunteers, and more — We spoke with Wikipedia executives who told us AI could jeopardize the encyclopedia's connection with the volunteers who create it.

Discussion: Diff

Reuters:

Rappler wins an appeal to restore its corporate license as a court rules that the Philippines' SEC overstepped in ordering the outlet's shutdown in 2018 — Philippine Nobel laureate Maria Ressa's news website Rappler won an appeal to restore its corporate licence after a court overturned …

Discussion: The Guardian, Rappler, Reuters, Al Jazeera, Reporters Without Borders and Committee to Protect …

Daniel Thomas / Financial Times:

President of Disney EMEA Jan Koeppen says the company plans to spend at least $5B on content production in the UK and continental Europe in the next five years — Regional chief says UK and continental Europe will play a big role in future box office and streaming hits

Discussion: Variety, Craig Higgins on LinkedIn, John Mahtani on LinkedIn, Deadline, Reuters, Deadline and TVNewsCheck

Lucas Manfredi / The Wrap:

AMC Networks reports Q2 net loss of $29.2M, revenue down 7.8% YoY to $625.9M, streaming subscribers up 5% YoY to 11.6M, and streaming revenue up 9% YoY to $150M — The company recorded $97 million in impairment charges related to the devaluation of its international business and BBC America

Discussion: Deadline, Media Play News, Variety, Advanced Television and Next TV

Reuters:

Venezuelan President Nicolas Maduro blocks X in the country for 10 days, accusing Elon Musk of using X to incite hate after Venezuela's disputed election — Venezuelan President Nicolas Maduro on Thursday took tensions with social media platform X and its owner Elon Musk to new heights …

Discussion: Financial Times, CNBC, UPI, CNN, @kennysmith.bsky.social, Agence France-Presse, Al Jazeera, Xataka On, TechRadar, Deutsche Welle, Engadget and Associated Press, more at Techmeme »

Rishav Chatterjee / Reuters:

News Corp puts its 65% interest in Australian pay TV company Foxtel up for sale, citing third-party interest and a strategic review — Australian pay television company Foxtel, controlled by the Murdoch family and partly by local telecom firm Telstra (TLS.AX), has been put …

Discussion: Sydney Morning Herald, Broadband TV News, Deadline, RTÉ, Advanced Television, The Desk, The Hollywood Reporter, The Guardian, ABC, Australian Financial Review and Mumbrella

Jaspreet Singh / Reuters:
News Corp reports Q4 revenue up 6% YoY to $2.58B vs. $2.49B est., net income of $71M, Dow Jones revenue up 4% to $566M, and book publishing revenue up 15%

Discussion: News Corporation, New York Post, Talking Biz News and The Wrap

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Discussion: AV Club and TVNewsCheck

Todd Spangler / Variety:
Lionsgate reports a Q1 net loss of $59.4M vs. a $70.7M net loss a year ago and revenue down 8% YoY to $834.7M vs. $857.5M est.; Starz shed 500K subscribers

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Theo Wayt / The Information:
Amazon partners with TikTok and Pinterest to let users buy items from Amazon ads without leaving the social media apps, expanding on deals with Meta and Snap

Discussion: Engadget, Tubefilter, Malte Karstan on LinkedIn, Quartz, esports.gg, Affiverse and Bloomberg, more at Techmeme »

Sheena Vasani / The Verge:
Substack now lets users publish posts and collect subscribers directly from their profile without setting up a publication, on the web or in its app

Discussion: TechCrunch, Substack Reads and @simondowens@threads.net

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Bloomberg:
Sources: the UK is considering revisiting parts of the Online Safety Act to give authorities more power to force social media companies to curb harmful content

Discussion: Rolling Stone, Mother Jones, Reuters, The Guardian and Deadline, more at Techmeme »

Emilia Otte / CT Examiner:
Hearst Connecticut Media Group workers plan to form a union; despite support from some politicians, management said it would not voluntarily recognize the group

Discussion: The NewsGuild, @ctnewsguild, The Boston Globe, @davidfolkenflik, @ctsenatedems, @bostonglobe, @newsguild, @juliann_ventura and The NewsGuild

Thomas Hunter / Press Gazette:
Victoria Newton, editor of The Sun, defends her outlet's early coverage of the BBC's Huw Edwards and criticizes the Met's delay in revealing charges against him

Discussion: @pressgazette and Mark Stephens CBE on LinkedIn

From Techmeme:

Qianer Liu / The Information:
Sources: Intel and TSMC have reached a preliminary agreement for a joint venture to operate Intel's chipmaking facilities, with TSMC taking a 20% stake

Kif Leswing / CNBC:
Tech stocks fall after President Trump announced new global tariffs: Amazon closed down 9%, Meta 9%, Nvidia 7.8%, Alphabet 3.9%, and Microsoft 2.4%

Samuel Stolton / Bloomberg:
Sources: Ireland's DPC will fine TikTok €500M+ before the end of April for illegally shipping European users' data to China, after a lengthy GDPR investigation

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