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4:25 AM ET, November 11, 2024

Mediagazer

 Top News: 
Charlie Warzel / The Atlantic:
The 2024 US election cycle has shown that few seem to agree on who constitutes “the media”, what their role should be, or how much influence they have in 2024  —  “You are the media now.”  That's the message that began to cohere among right-wing influencers shortly after Donald Trump won the election this week.
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Elizabeth Dilts Marshall / Billboard:
Bill Ackman, UMG board member and major shareholder, seeks to move UMG's stock listing and HQ to the US from Amsterdam, after Israelis were attacked in the city  —  The head of Pershing Square Capital, which owns 10% of UMG's stock, said moving UMG to the U.S. after attacks on Israelis overnight …
Variety:
AMC Networks acquires full control of BBC America, after BBC Studios sold its remaining 50.1% interest in the channel to AMC Networks for $42M in cash  —  The U.S. media company has owned a 49.9% stake in the channel since 2014, which it purchased for $200 million in a deal with BBC Worldwide.
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Dade Hayes / Deadline:
Paramount reports Q3 revenue down 6% YoY to $6.7B, operating income down 43% to $337M, DTC revenue up 10% to $1.7B, $49M DTC adjusted OIBDA, 72M Paramount+ subs
Jonathan Stempel / Reuters:
CNN must face Project Veritas' defamation lawsuit after a federal appeals court finds that Project Veritas plausibly alleged that CNN acted with actual malice  —  A U.S. federal appeals court on Thursday revived a defamation lawsuit accusing CNN of defaming Project Veritas in its explanation …
Chris Roush / Talking Biz News:
Memo: Business Insider founder Henry Blodget says he is leaving BI's board, will remain an adviser and contribute occasional columns, and plans to write a novel  —  Business Insider founder Henry Blodget sent out the following on Friday:  —  Team,  —  Seventeen years ago …
Hadas Gold / CNN:
Experts on authoritarian leadership in Europe say Trump could do extensive damage to US press freedom, similar to Orbán in Hungary, Putin in Russia, and more  —  New York CNN —  —  President-elect Donald Trump has vowed to go after much of the media in his second term …
Winston Cho / The Hollywood Reporter:
Under Trump, media executives and M&A advisers predict fewer deal constraints, more encroachment by Big Tech onto Hollywood, and more broadcast TV consolidation  —  A palpable buzz has taken hold of corporate boardrooms that another four years of the Republican will free up dealmaking.
Jim Milliot / Publishers Weekly:
News Corp's HarperCollins reports Q1 revenue up 4% YoY to $546M, led by a 15% YoY gain in digital sales; JD Vance's Hillbilly Elegy led titles with ~1.5M copies  —  HarperCollins followed up a strong quarter ended June 30, 2024, with more solid results in the quarter ended September 30, 2024.
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Benjamin Mullin / New York Times:
Memo: WaPo CEO Will Lewis tells staff they'll be expected to work from the office five days a week, instead of three, by June 2, and by February 3 for managers  —  All employees at The Post will be expected to return to the office by June 2.  Managers must be back in the office full time by Feb. 3.
 
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 More News: 
New York Times:
US prosecutors claim a second Iranian-directed plot existed to assassinate US-based activist and journalist Masih Alinejad, along with a plot to kill Trump
 Earlier Picks: 
Nancy Tartaglione / Deadline:
Sony Pictures reports Q2 revenue down 14% YoY to ~$2.39B, profit down 39% YoY to $124M, weighed down by lower TV series deliveries due to 2023 Hollywood strikes
Discussion: TVNewsCheck and Variety
 

 
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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