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11:55 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.
Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming  —  SCOOP: TV's ‘safe space for liberals’ is about to reshuffle its stars as the network re-ups its marquee name under a tough new spinoff-ready reality
Evan Drellich / New York Times:
The MLB is planning national packages for streaming companies to bid on in 2028, when its national TV deals with ESPN, Fox, and Turner expire  —  The year to watch in baseball is 2028.  —  At a time when Major League Baseball is offering employee buyouts at its flagship television station …
The New York Times Company:
Elisabeth Bumiller, the NYT's Washington bureau chief since 2015 and nearly a 30-year NYT veteran, is stepping down to return to writing and reporting  —  Elisabeth, incomparable Washington bureau chief since 2015, has decided to return to writing and reporting.
David Spector / New York Post:
Email: WaPo senior politics editor Dan Eggen says he was told Monday that he will “be removed” at the end of 2024, and “will leave it to others to explain why”  —  The Washington Post abruptly removed its politics editor without giving him a reason for the decision …
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.
Parker Herren / Ad Age:
SMBs turn to Disney, Paramount, and Peacock's ad platforms; VAB: in H1 2024, 169 advertisers bought national TV ads for the first time and 67% spent <$500K  —  New-to-TV brands predict a ‘renaissance’ for growing businesses through streaming ads  —  As traditional TV networks shift …
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 …
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 …
 
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 More News: 
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
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
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
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
 Earlier Picks: 
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
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
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