Top News:
CNBC:
Comcast confirms plans to spin off its NBCUniversal cable TV networks, including MSNBC and CNBC, with Mark Lazarus as CEO; the separation may take about a year — Comcast is moving forward with the spinoff of its cable network channels, including CNBC, MSNBC and E!, the company said Wednesday.
Discussion:
Comcast, The Wrap, Forbes, TVNewsCheck, New York Times, Axios, Fast Company, TechCrunch, CNN, Bloomberg, One America News Network, Front Office Sports, Ars Technica, IJR, Breitbart, acecomments.mu.nu, Total Telecom, USA Today, Washington Examiner, Engadget, The Guardian, Stephani Shelton on LinkedIn, The Desk, Media Play News, @stark.soy, @sherman4949, @great_katzby, @benmullin, HotAir, @mediaite, @jeffjarvis, Fortune, Cord Cutters News, @sarafischer, Barron's Online, Newser, @brianstelter, Variety, @sherman4949, @colbyhall, HuffPost, @joshuabenton.com, @jbflint, @benmullin, NBC News, @brianstelter, @sherman4949, Mediaite, The Verge, Benzinga, Fox Business, Financial Times, Yahoo Finance, The Information, @amolsharma.bsky.social, NBC News, Media Play News, Los Angeles Times, The Wrap, Variety, Ad Age, CNN, Awful Announcing, Cord Cutters News, The Hollywood Reporter, Deadline, Business Insider, Talking Biz News and Wall Street Journal
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Liz Hoffman / Semafor:
Sources: under current plans, Comcast's new spun off entity would carry little of its $101B of debt, giving it the ability to borrow for acquisitions — The Scoop — Corporate spinoffs are born as takeover prey. They're often unloved, underperforming divisions, flung out to shareholders wearing a …
Discussion:
Bloomberg and @semaforben
Peter Kafka / Business Insider:
Comcast's spinoff is essentially a garage sale of its basic cable TV networks, as the number of people paying for and watching cable networks falls every year — - Cable networks used to be incredibly valuable. But in the streaming and cord-cutting era, they are in decline.
Discussion:
TVNewsCheck, Associated Press, MediaPost, Advanced Television, Reuters, @pkafka.bsky.social and WHEC.com
Brian Steinberg / Variety:
Sources: Comcast execs told staff that MSNBC may have to change its identity as part of the spinoff, including losing access to NBC News' newsgathering process — MSNBC fans who are disappointed in the progressive-leaning network after Donald Trump's victory in the 2024 election may no longer have it to kick around.
Discussion:
Adweek, @colbyhall, @bristei, Instapundit, @tomgara@threads.net, Deadline, @bristei, @bristei.bsky.social and @maxwelltani
James Warrington / Telegraph:
Almost 93% of 600 Guardian and Observer staff organized by the NUJ vote in favor of strike action over the proposed sale of The Observer to Tortoise — Union leaders say walkouts can be avoided if the company ends discussions with Tortoise — The Guardian is braced for strike action …
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Dominic Ponsford / Press Gazette:
Tortoise says it plans to invest £25M in Observer over five years, aiming to turn it into a self-funded, paywalled newsbrand with 100K new digital subscribers — Guardian and Observer journalists have agreed to a 48-hour strike in protest at the planned sale of The Observer to Tortoise Media.
Discussion:
@danielthomasldn, Telegraph and @michaelgoodier.bsky.social
Bloomberg:
News Corp shareholders reject Starboard's proposal to end News Corp's dual share structure, which Starboard said gives the Murdochs “outsized influence” — - Starboard argued that Murdoch family had too much influence — Murdoch family awaits ruling in contentious trust trial
Discussion:
The Guardian, Reuters and @davidfolkenflik
Mia Sato / The Verge:
Google tightens its rules against “parasite SEO” content, or articles that have little to do with the website's focus, after cracking down on “reputation abuse” — Google is tightening its rules against “parasite SEO” content, or articles and pages that often have little …
Discussion:
Entrepreneur, MediaPost, Search Engine Roundtable, @simonowens.bsky.social and CNET, more at Techmeme »
Josh Hersh / Columbia Journalism Review:
Q&A with Vulture's podcast critic Nicholas Quah about how Trump tapped into the podcast world, podcasters like Joe Rogan being “politically squishy”, and more — Donald Trump surprised a lot of people when he appeared on a number of nonpolitical podcasts this summer …
Discussion:
@joeroganhq
Oliver Darcy / Status:
Nielsen: Morning Joe's total audience fell 17% from the 6am hour to the 7am hour after Joe Scarborough and Mika Brzezinski said they met Trump, an unusual drop — The decision from Comcast will notably rip apart NBCU News Group boss Cesar Conde's kingdom, with MSNBC and CNBC being spun off.
Discussion:
StreamTV Insider, Variety, Adweek, The Hollywood Reporter, @michellesea.bsky.social, @kellycripe, @brianstelter, @jeremymbarr, Stephanie Smith on LinkedIn, @sallyshin, @oliverdarcy@threads.net, @jeffjarvis, @asharma, @tvgrimreaper, @asharma, Mediaite, @asharma, @timkarr.bsky.social, The Desk, Reuters, TVNewsCheck, Matthew Keys on LinkedIn, Dan Rayburn on LinkedIn, @amolsharma.bsky.social, The Hill, Daily Mail and Daily Kos
Sara Fischer / Axios:
The Trade Desk is building a CTV OS called Ventura; CEO Jeff Green says existing providers like Roku have a conflict of interest because they own content — - “We're looking at a concentration around a handful of players that lack objectivity,” Green said.
Discussion:
MediaPost, Adweek, The Trade Desk, Digiday, The Desk, Jeff Green on LinkedIn, @sarafischer and Sara Fischer on LinkedIn
Kanis Leung / Associated Press:
Apple Daily founder Jimmy Lai testifies for the first time in his years-long national security trial; he is already serving a jail term for a fraud conviction — Former Hong Kong publisher Jimmy Lai began testifying Wednesday in his landmark national security trial that is widely seen …
Discussion:
Washington Post, The Guardian, Associated Press, The Wire China, Reuters, Semafor, Hong Kong Free Press HKFP, Agence France-Presse, The Japan Times, New York Times, Financial Times, South China Morning Post, Reuters, Wall Street Journal, CBS News, Bloomberg, Raw Story and London Evening Standard
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