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5:10 PM ET, December 3, 2024

Mediagazer

 Top News: 
Dade Hayes / Deadline:
Tech startup Channel 1, which debuted a newscast hosted by AI-generated anchors in 2023, unveils AI tools to improve the production and distribution processes  —  The products, First Cut and Prism, help automate workflows and put videos into different formats.
Kendall Tietz / Fox News:
Forbes editorial staffers walk off the job, saying that management has been stalling at the bargaining table for nearly three years  —  The annual launch of Forbes' 30 Under 30 list is a significant day for the company  —  FIRST ON FOX— The Forbes Union, which represents the magazine's editorial staffers …
Marc Schneider / Billboard:
Stephen King will close his three radio stations in Bangor, Maine, on New Year's Eve, citing financial losses and his advancing age as reasons for the shutdown  —  A desire to “get his business affairs in better order” leads the 77-year-old horror author to shutter his trio of stations in the Bangor area.
Brian Steinberg / Variety:
Sean Hannity will debut a new monthly longform interview program on Fox News Media's streaming service Fox Nation, with the first episode premiering today  —  The longtime Fox News opinion host will debut a new monthly longform interview program on Fox Nation, the subscription-backed streaming outlet …
Peter Kafka / Business Insider:
BuzzFeed is $123.5M in debt with interest payments due, and a plan to cut debt will likely come soon; it earlier tried to sell Hot Ones' parent company for $70M  —  - A few years ago BuzzFeed was supposedly worth close to $2 billion.  — Now it's worth much less, and it has been scrambling …
Todd Spangler / Variety:
Walmart completes its $2.3B acquisition of TV maker Vizio, saying the purchase will let it offer new ways for advertisers to reach customers via Walmart Connect  —  Walmart announced the completion of its $2.3 billion all-cash acquisition of TV maker Vizio, a move by the retailing giant to expand its advertising business.
Nilay Patel / The Verge:
The Verge unveils a $7/mo. or $50/year “dynamic metered paywall”; some content like the social feed-like homepage, live blogs, and core news posts will be free  —  Okay, we're doing this.  —  Today we're launching a Verge subscription that lets you get rid of a bunch of ads …
Bloomberg:
Sources: David Ellison plans sweeping changes at Paramount after merger, including consolidation of its TV networks; co-CEO Brian Robbins is expected to leave  —  - CBS Chief George Cheeks is expected to stay after deal closes  — Plans include consolidation of the company's TV networks
Discussion: The Wrap and The Desk
Noor Nanji / BBC:
The BBC pulls MasterChef Christmas specials following allegations of inappropriate behavior against host Gregg Wallace, after initially saying it would air them  —  The BBC is pulling its MasterChef Christmas specials after the allegations against presenter Gregg Wallace.
Vaishnavi Chandrashekhar / Science:
India plans to pay ~$715M over three years to let ~18M students, faculty, and researchers access ~13K journals for free, under a scheme launching on January 1  —  Deal allows scholars to read paywalled articles for free and will cover open-access fees  —  India was the third largest producer …
Alex Heath / The Verge:
Nick Clegg says Meta's moderation “error rates are still too high” and pledges to “improve the precision and accuracy with which we act on our rules”  —  Meta is mistakenly removing too much content across its apps, according to a top executive.
 
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 More News: 
Ian Karbal / Pennsylvania Capital-Star:
The Pittsburgh Post-Gazette strike, which began in October 2022 and exposed bitter divisions in the newsroom union, is now the longest ongoing strike in the US
Lauren Watson / Columbia Journalism Review:
How sanctions are affecting independent Russian outlets, as Western tech and financial companies restrict their access to audiences and revenue streams
Zoe Williams / The Guardian:
An interview with Channel 4 News editor Esme Wren on being the BBC's Newsnight editor from 2018 to 2021, getting the infamous Prince Andrew interview, and more
 Earlier Picks: 
Scott Roxborough / The Hollywood Reporter:
Pulse Films co-founder Thomas Benski unveils Lumina, a “talent and IP-led media group” with a “mid-eight figure” backing from BFK, Dorfman Media, and SVS
Discussion: WORLD SCREEN, Variety and Deadline
Zach Vallese / CNBC:
Twitch creator Kai Cenat completed a “subathon”, streaming 24 hours per day for 30 days, breaking Twitch's record with ~727,700 subscribers in November 2024
Ido David Cohen / Haaretz:
A site linked to Israel's ruling Likud party publishes a list ranking presenters from public radio Kan Reshet Bet according to their support for the government
 

 
From Techmeme:

The Verge:
Sam Altman says OpenAI will begin 12 days of “shipmas” on December 5, with new features, products, and demos, sources say including text-to-video AI tool Sora

Jeff Cox / CNBC:
Trump plans to nominate former SEC Commissioner Paul Atkins as SEC chair, keeping with his promise for a crypto-friendly administration

William J. Broad / New York Times:
Google DeepMind unveils GenCast, an AI weather model that the company claims outperforms traditional methods on up to 15-day weather and deadly storm forecasts
 
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