Mediagazer: IAC says it is weighing spinning off its 85% stake in Angi and is open to selling other assets as the media group slims down (Maria Heeter/Financial Times)

9:00 AM ET, November 12, 2024

Top News:

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Discussion: Washington Post, TVNewsCheck, New York Times, The Verge, @mjanssen.bsky.social, @semaforben, @nyguild, @corbinbolies, @lmoses, @maxwelltani, @lessin, @brianstelter, The Wrap, @nytguildtech, Fox News, MediaPost and Boing Boing, more at Techmeme »

Benjamin Mullin / New York Times:

Nicholas Carlson unveils Dynamo, a video-focused company that aims to make “cinematic” stories, and raised $3.4M from Henry Blodget, Jessica Lessin, and others — Nicholas Carlson is preparing to debut a media start-up of his own called Dynamo.Clark Hodgin for The New York Times

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Lily Ford / The Hollywood Reporter:

Gary Lineker plans to step down from soccer show Match of the Day after 26 years, but extends his BBC Sport contract; he is the BBC's highest-paid presenter — The ex-England soccer captain has become the face of BBC Sport and the public broadcaster's highest-paid presenter since …

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Max Tani / Semafor:

US legacy news outlets' coverage of Trump is likely to change as they end internal debates about “normalizing” Trump and acknowledge a political realignment — The Scoop — With the final days of the 2024 campaign approaching, Sen. John Fetterman was campaigning hard …

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Oliver Darcy / Status:
Q&A with The New Yorker editor David Remnick about low morale in media after Trump's victory, MAGA Media's role in poisoning the public discourse, and more

Discussion: The Hill and Mediaite

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

Hugh Dougherty / The Daily Beast:

Chris Wallace quits CNN after three years, opting not to renegotiate his contract, and says he will instead go independent — The veteran broadcaster, 77, will walk away from his seven-figure role in a watershed moment for cable TV. — EXCLUSIVE — Chris Wallace is quitting CNN …

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Wall Street Journal:

Meta plans to ask Facebook and Instagram users in Europe if they want to get “less personalized ads” and cuts subscription prices by 40%, a concession to the EU — The Facebook and Instagram owner faces pressure in Europe to ask before using data to target ads or train artificial intelligence.

Discussion: Axios, Meta and Irish Independent, more at Techmeme »

Charlotte Tobitt / Press Gazette:

Daily Mail EIC Ted Verity says Mail+ has hit 100K paying subscribers, after launching the partial paywall in January 2024, and plans a US Mail+ launch in 2025 — Mail Online has hit 100,000 paying subscribers to its partial paywall in less than ten months.

Discussion: @pressgazette

Brian Stelter / CNN:

Fox News contributor Tom Homan leaves the network to become Trump's “border czar”, showing how Trump is poised to re-make the “Fox News White House” — New York CNN — — When Tom Homan left the US Immigration and Customs Enforcement agency in 2018 …

Tom Tapp / Deadline:

The Tennis Channel indefinitely suspends analyst Jon Wertheim for “inappropriate” comments he made on air about Wimbledon champ Barbora Krejčíková's appearance — Longtime tennis analyst, Tennis Channel commentator and 60 Minutes contributor Jon Wertheim …

Bloomberg:

Letter: a group of Dish creditors rejects a bond-exchange offer that is key to the company's proposed acquisition by DirecTV, ahead of a November 12 deadline — The steering committee of Dish lenders made its case to a wider group of bondholders, calling the deal one of the largest …

Discussion: TVNewsCheck, Wall Street Journal, Cord Cutters News, The Desk and Benzinga

Maria Heeter / Financial Times:

IAC says it is weighing spinning off its 85% stake in Angi and is open to selling other assets as the media group slims down — Home services marketplace launched in the dotcom era has seen plumbers and roofers cut ad spending — Barry Diller's IAC is exploring a spin-off …

Discussion: The Information, CNBC, Benzinga, Barron's Online, Reuters and MediaPost

Alexandra Bruell / Wall Street Journal:

Sources: VP and GM of Google News Shailesh Prakash, who moved from The Washington Post to Google two years ago, has resigned — Shailesh Prakash departs after two years at the tech giant; relationships between Google News and publishers remain strained — Shailesh Prakash …

Discussion: TVNewsCheck, The Information, New York Post, Hindustan Times and MediaPost

Reuters:

Tencent Music reports Q3 revenue up 6.8% YoY to ~$970M, below est., social entertainment revenue down 23.9%, and paying users up 15.5%; TME drops 5%+ pre-market — Tencent Music Entertainment (1698.HK) missed estimates for quarterly revenue on Tuesday, as Beijing's crackdown …

Discussion: Variety, Investing.com and Tencent Music

Todd Spangler / Variety:

Endeavor agrees to sell OpenBet and IMG Arena, its sports gambling and tech businesses, in a $450M management buyout backed by Endeavor chief Ari Emanuel — Endeavor agreed to sell OpenBet and IMG Arena, its sports gambling and technology businesses, in a $450 million management buyout backed …

Discussion: Front Office Sports, Deadline, The Hollywood Reporter, Sportico, Los Angeles Times, The Wrap, Reuters, @lucas_shaw and TVNewsCheck

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Zack Whittaker / TechCrunch:
The Senate has a few weeks left to pass the PRESS Act, a federal “shield” bill for reporters that the House passed with unanimous, bipartisan support in January

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Bloomberg:
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