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8:35 AM ET, November 22, 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.
Mark Sweney / The Guardian:
National World, one of the UK's biggest newspaper groups, gets a £56.2M buyout offer from shareholder Media Concierge, a 40% premium to its Nov. 21 stock price  —  Media Concierge submits £56.2m cash offer for National World, underbidder in the auction for the Telegraph titles
Max Goldbart / Deadline:
The English Premier League ends its content partnership with IMG and plans to bring content production and distribution in-house in 2026  —  The UK's Premier League soccer is to start producing and distributing its own content for the first time in two decades after ending its partnership with IMG.
Discussion: Advanced Television
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
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.
Ayodeji Rotinwa / Columbia Journalism Review:
A look at the Agora Center for Research, a Ugandan newsroom sitting between activism and investigative reporting, posting its work on various social media sites  —  Reporting that pops up in different media, documents as proof, and crowdsourced investigations have revealed corruption.
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 …
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 …
Discussion: MediaPost
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.
Matthew Keys / The Desk:
DirecTV terminates its Dish acquisition after a group of Dish creditors rejected a modified bond exchange offer  —  Pay television provider DirecTV on Thursday officially announced it will terminate its agreement to acquire rival satellite company Dish Network and its streaming service Sling TV from Echostar this week.
Maxwell Zeff / TechCrunch:
Texas AG opens a probe into the World Federation of Advertisers to determine if it conspired to boycott “certain social media platforms”; X sued WFA in August  —  Texas Attorney General Ken Paxton announced on Thursday he is opening an investigation into the World Federation of Advertisers …
 
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 More News: 
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
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
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
Lauren Forristal / TechCrunch:
Spotify adds new audiobook features for Premium users: video clips up to 30 seconds long, Author Pages, and visuals that appear while users listen
 Earlier Picks: 
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
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