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12:15 PM ET, December 6, 2024

Mediagazer

 Top News: 
Daniel Thomas / Financial Times:
The Scott Trust approves the sale of The Observer to Tortoise, despite two days of strikes by Guardian and Observer staffers against the deal  —  Scott Trust backs deal with digital start-up after conditions introduced to address fears among newspaper's staff
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Dominic Ponsford / Press Gazette:
Guardian and Scott Trust leaders faced staff fury over the Observer sale; the Scott Trust plans to invest £5M in the new Tortoise/Observer business  —  Guardian and Scott Trust leaders faced furious staff this morning as they answered questions about the plan agreed last night to sell The Observer to Tortoise Media.
Jacob Gershman / Wall Street Journal:
TikTok still faces a US ban if not sold by January 19, after a federal appeals court ruled that Congress has the power to take action to protect US interests  —  Panel rules Congress has the power to shut down Chinese-backed app in the U.S. because of national security concerns
Kathleen Kingsbury / The New York Times Company:
Paul Krugman, the Nobel Prize-winning opinion columnist who has worked at The New York Times for nearly 25 years, plans to retire at the end of 2024  —  After nearly 25 years as an Opinion columnist, Paul is signing off.  —  I want to take you back to Jan. 2, 2000, a day when Y2K …
Harry Litman / Talking Feds Substack:
LA Times op-ed contributor Harry Litman resigns, saying he's protesting the “repugnant and dangerous” actions to appease Trump by owner Dr. Patrick Soon-Shiong  —  I have been a contributor to the Los Angeles Times op-ed page in some fashion for more than 15 years.
RELATED:
JD Knapp / The Wrap:
On Scott Jennings' podcast, Patrick Soon-Shiong said he plans to add an AI-powered “bias meter” to LAT stories and hopes to roll it out as soon as January 2025
Oliver Darcy / Status:
Sources: the LAT now has to send Patrick Soon-Shiong opinion story headlines ahead of publication for review, after carrying a Elon Musk headline he didn't like
Mark Stenberg / Adweek:
Sources: Condé Nast lays off some top executives including VPs and SVPs in marketing and sales, along with key staff in events, social media, and editorial jobs  —  The cuts come as the company combines its commercial and consumer revenue teams  —  The digital media company Condé …
Washington Post:
Fox News feted Donald Trump at Fox Nation's annual awards show, naming him “Patriot of the Year”, highlighting the influential role the network could play  —  Sean Hannity and other Fox News stars feted Donald Trump at Fox Nation's annual awards show, highlighting the influential role the network is poised to play.
Charlotte Tobitt / Press Gazette:
The Mail on Sunday apologizes and says it has paid “substantial” damages to a doctor and academic wrongly portrayed as “statin deniers” in a series of articles  —  The publisher of the Mail on Sunday has apologised and paid “very substantial” damages to a doctor …
Alex Weprin / The Hollywood Reporter:
Meta teams up with James Cameron's Lightstorm Vision to bring “live sports and concerts, feature films, and TV series featuring big-name IP” to Quest headsets  —  The multiyear deal will make Meta Quest the exclusive mixed reality headset of Lightstorm, and is meant to turbocharge 3D content development.
Lauren Watson / Columbia Journalism Review:
Q&A with Elisabeth Bumiller, who is stepping down as NYT DC bureau chief, on the relentless news pace in Trump's first term, returning to reporting, and more  —  Reflections on a political cyclone  —  Elisabeth Bumiller has led the New York Times' coverage of Washington through a decade-long political hurricane.
Discussion: @joshuabenton.com and CNN
 
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 More News: 
Scott Roxborough / The Hollywood Reporter:
Chinese billionaire Zhang Xin makes an undisclosed investment in Mubi via her film production company Closer Media, and joins Mubi's board of directors
Discussion: Variety and Deadline
Maxwell Zeff / TechCrunch:
Bluesky CEO Jay Graber says it is not “necessarily true” that Bluesky will always be ad-free; ads could be “user intent-driven”, like running in search results
 Earlier Picks: 
Lucia Moses / Business Insider:
Memo: Vox Media announces layoffs and a restructuring of lifestyle brands, affecting Thrillist, PS (PopSugar), and Eater, and product, production and tech staff
Hillel Italie / Associated Press:
Circana: Taylor Swift's “Eras Tour Book”, released exclusively via Target, sold 814K copies over the Thanksgiving weekend, the biggest publishing launch of 2024
Brian Steinberg / Variety:
TikTok partners with Nielsen to let advertisers and agencies compare ad performance on TikTok with performance of ads on other screens, via Nielsen One