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6:25 PM ET, November 21, 2024

Mediagazer

 Top News: 
Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”  —  The company is home to more than 25 brands in the U.S. including Elle, Esquire, Cosmopolitan, Harper's Bazaar and Town & Country.
Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency  —  Federal Communications Commission Chairwoman Jessica Rosenworcel announced today that she will leave the agency on January 20, 2025, the day of President-elect Donald Trump's inauguration.
RELATED:
Alex Sherman / CNBC:
Analyzing Comcast's spinoff of cable networks, purposefully structured with low debt: the move might be a signal to the industry that it's time to consolidate
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
Discussion: Comcast, Benzinga, BizPac Review, The Post Millennial, Raw Story, Doug Herzog on LinkedIn, Deadline, CNN, TVNewsCheck, New York Times, @brianjmoylan.bsky.social, Engadget, @jbflint, @sherman4949, @mediaite, @brianstelter, Marketplace, @benmullin, @colbyhall, @sarafischer, @benmullin, @brianstelter, @sherman4949, @sherman4949, @jeffjarvis, Los Angeles Times, RetailWire, Bloomberg, Trending Politics …, AV Club, Variety, Radio & Television …, @nemalki.bsky.social, Awful Announcing, Philadelphia Business Journal, One America News Network, The Wrap, @brianstelter, @great_katzby, @sallyshin, @asharma, @tvgrimreaper, @asharma, @asharma, Front Office Sports, Forbes, Ars Technica, IJR, Breitbart, Fast Company, Adweek, USA Today, Total Telecom, TechCrunch, acecomments.mu.nu, Washington Examiner, The Guardian, Media Play News, Stephani Shelton on LinkedIn, Newser, HotAir, Cord Cutters News, The Desk, Mediaite, NBC News, @stark.soy, The Hollywood Reporter, @joshuabenton.com, Fox Business, The Verge, Yahoo Finance, HuffPost, Axios, Fortune, @timkarr.bsky.social, Stephanie Smith on LinkedIn, Barron's Online, Talking Biz News, Bloomberg, Benzinga, Financial Times, Business Insider, Variety, The Hollywood Reporter, Wall Street Journal, Semafor, The Information, @amolsharma.bsky.social, The Desk, Reuters, TVNewsCheck, Matthew Keys on LinkedIn, NBC News, Media Play News, Dan Rayburn on LinkedIn, Los Angeles Times, The Wrap, Variety, Ad Age, CNN, Awful Announcing, @amolsharma.bsky.social, Cord Cutters News, The Hollywood Reporter, Deadline, Business Insider and The Hill
Megan Graham / Wall Street Journal:
Ad software company Mediaocean buys Innovid, an ad tech company focused on CTV, for $500M; Innovid had a market cap of ~$240M at market close on November 20  —  The privately held company will merge Innovid with Flashtalking, which it bought in 2021  —  Advertising software …
Bloomberg:
The DOJ's proposal would require Google to divest from AI partnerships, like with Anthropic, and ban Google from offering exclusive deals to content providers  —  - Antitrust officials propose options in historic lawsuit  — Google says government pushing ‘radical agenda’ beyond case
Lauren Forristal / TechCrunch:
Tubi launches Scenes, a mobile feature that lets viewers watch 60-to-90-second trailer-style clips from its library to help with content discovery  —  Tubi, the free ad-supported streaming service owned by Fox, has unveiled a new feature designed to set it apart from its rivals …
Diane Sylvester / Editor and Publisher:
A look at The 51st, a worker-led nonprofit news startup in Washington, DC, and how the founders studied worker-led organizations and similar newsrooms  —  The 51st has set out to redefine local journalism in Washington, D.C., as one of the country's growing number of worker-led, nonprofit newsrooms.
Bron Maher / Press Gazette:
Reach's audience director says Google's Discover feed has become Reach's single largest traffic referral source, mostly promoting “soft-lens” content  —  Google's smartphone-based content recommendation feed, Google Discover, has become the single largest traffic referral source …
Catherine McGrath / Fortune:
Las Vegas-based Monkey Tilt, which combines online gambling with a chat function and content made by influencers, raised a $30M Series A led by Pantera  —  Monkey Tilt launched just eight months ago and has amassed $200 million of monthly betting volume.  —  Online gambling used …
more at Techmeme »
John Gruber / Daring Fireball:
Substack, very deliberately, tries to have it both ways by saying publications on their platform are independent while presenting them all as parts of Substack  —  I am upset by the above, but only insofar as I'm jealous that I had never thought to make the analogy to an author telling people to “read my Amazon”.
 
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 More News: 
Daniel Thomas / Financial Times:
James Harding says the Tortoise-Observer deal could create a profitable media group and there isn't a guaranteed future for the Observer with the Guardian
Charlie Savage / New York Times:
Trump says Republicans must kill the PRESS Act, which would protect journalists' records and sources from the US government; the bill is stalled in the Senate
 Earlier Picks: 
Manuela Vega / Toronto Star:
Rogers Sports & Media lays off more than two dozen employees in its radio and podcasting divisions, citing declining revenue and challenges in advertising
Discussion: Inside Radio and CBC News
 

 
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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