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
Discussion:
The Guardian, Press Gazette, @pkelso, @davidfolkenflik, @boothbygraffoe.bsky.social, @nicolelampert, @suzanne_moore, @rasmus_kleis, @suladoyle, @simonharries3, @nujofficial, @charlottetobitt, @adamsherwin10, @danielthomasldn, Sky News, @benansell.bsky.social, @writesbright.bsky.social, Reuters, Semafor, London Evening Standard, @jeffjarvis.bsky.social, @paulconvery.bsky.social, New York Times, Associated Press, Le Monde, @josiah.writes.news, @writesbright.bsky.social, Tortoise, BBC, @jackcarterbenjamin …, Bloomberg, @jackcarterbenjamin …, The i Paper, National Union of Journalists … and The Daily Beast
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Dominic Ponsford / Press Gazette:
Guardian Media Group chair Charles Gurassa says the Tortoise investment plan is “the best way forward” and it will end the “inevitable decline” of Observer — Guardian Media Group chair Charles Gurassa has written an open letter explaining the rationale for selling The Observer to Tortoise Media.
Discussion:
The Guardian and Tortoise
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.
Discussion:
@iainm.bsky.social, The Times, The Media Leader, @pressgazette, @pressgazette, Sky News, The Guardian, Australian Financial Review, @dominicponsford.bsky.social, @carolecadwalla.bsky.social, @pressgazette.co.uk, @stevebasnett.bsky.social, @pressgazette.co.uk, @eduardosuarez.bsky.social, @charlottetobitt.bsky.social, New Statesman, The Independent, The New European, RTÉ and The i Paper
Gene Maddaus / Variety:
CBS files to dismiss or at least transfer Trump's $10B lawsuit over 60 Minutes' editing of its Kamala Harris interview to the SDNY, citing 1A protections — Trump sued in the waning days of the presidential campaign, claiming that Harris' interview had been deceptively edited to make her appear “coherent and decisive.”
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
Discussion:
United States Court of Appeals, Engadget, Washington Post, @tiktokpolicy, MediaPost, CBS News, Yahoo Finance, Reuters, Investor's Business Daily, Fast Company, Associated Press, HotAir, @kyurieff, @rabois, Washington Times, @swiftstories, @danprimack, @drewharwell, @digiphile, @zsk, @committeeonccp, @kyurieff, @wendyndavis, @daphnehk, @drewharwell, The Gateway Pundit, Bangor Daily News, Le·gal In·sur·rec·tion, @chup.blakereid.org, New Jersey Monitor, SFist, RedState, Adweek, Devin DeBacker on LinkedIn, CNBC, @margarita.bsky.social, @margarita.bsky.social, Forbes, UPI, Reclaim The Net, The Wrap, @trevorcroker@threads.net, @trevorcroker@threads.net, Gizmodo, NBC News, Plain Dealer, Retail TouchPoints, Washington Examiner, Wired, BBC, ZeroHedge News, South China Morning Post, Nikkei Asia, Business Insider, TechCrunch, The Information, Axios, Variety, @lauren.rotatingsandwiches.com, The Verge, 9to5Mac, @kurtwag8@threads.net, New York Times, Politico, @anthonymkreis.bsky.social, @mjsdc.bsky.social, Ad Age, Rolling Stone, The Post Millennial, Semafor, TVNewsCheck, Voice of America, freebeacon.com, Bloomberg, Daily Kos, Deadline and Barron's Online, more at Techmeme »
Charlotte Tobitt / Press Gazette:
The BBC stopped publishing financial market data on its website, app, or TV red button service on November 26 as part of its cost-saving drive — The BBC is no longer publishing financial market data on its website, app or TV red button service as part of its cost-saving drive.
Discussion:
@hawthornesjj and BBC
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 — - Vox Media just cut an unspecified number of staff and reorganized its lifestyle brands. — CEO Jim Bankoff said the company …
Discussion:
@jennygzhang, @qualityrye, @qualityrye, @timcarman, SFGATE, @robertsietsema, @jeffgreco.com, @markstenberg3, @miasato.bsky.social, acecomments.mu.nu, James Bareham on LinkedIn, The Wrap, The Information, @imgarysuarez.bsky.social, TVNewsCheck, Adweek, @voxmediaunion.bsky.social and @brandyjensen.bsky.social
Dominic Ponsford / Press Gazette:
Time CEO Jessica Sibley describes Time's shift from reader revenue to direct-to-business sales, ending its paywall, increasing events, and making an OpenAI deal — Time has gone through a “pretty significant transformation”, dropping its paywall and going bigger on events.
Discussion:
@simonowens.bsky.social, @rafat.bsky.social and Simon Owens's Media Newsletter
Local News Initiative:
Analysis: Trump won 91% of counties lacking a professional local news source; residents there tend to be less educated, poorer, and reliant on national media — But what does this election-result correlation mean? — Donald Trump won the 2024 election with one of the smallest popular-vote margins …
Discussion:
@lyndawoolard.bsky.social, @ewallwice.bsky.social, @kingkaufman@sfba.social, @joeferullo.bsky.social, @marklittle.bsky.social, @maripuerta.bsky.social, @dcboy.bsky.social, @heidireports.bsky.social, Balloon Juice, Tim Franklin on LinkedIn, @rachelbell44.bsky.social, John Volk on LinkedIn, @menrywy.bsky.social, TVNewsCheck, @jwmjournalist, @jmhaigh, @farhip, @jmhaigh, @localnewsini, Political Wire, Palo Alto Online and Michigan Advance
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 …
Discussion:
ZeroHedge News, @jswatz.bsky.social, The Gateway Pundit, @econberger.bsky.social, @nakedkeynes.bsky.social, @trungtphan, @AkaSci@fosstodon.org, @thestalwart, @mattzeitlin, @carterd.bsky.social, @mattyglesias.bsky.social, RedState, @smotus.bsky.social, @citizencohn.bsky.social, HotAir, LewRockwell, Mediaite, @dylanmatt.bsky.social, @notjessewalker.bsky.social, @meredithshiner.com, @jonmladd.bsky.social, @ddayen.bsky.social, @owillis.bsky.social, @mbkplus.bsky.social, @pkrugman.bsky.social and Instapundit
CNBC:
An interview with the FCC's Brendan Carr, on media cross-ownership rules, content moderation, NewsGuard, re-examining broadcast license requirements, and more — Following is the unofficial transcript of a CNBC exclusive interview with FCC Commissioner & & President-Elect Trump's Pick …
Discussion:
Deadline, @trumpwarroom, Business Insider, NewsGuard's Reality Check and Radio & Television …
Christian Blauvelt / IndieWire:
Max expands its Turner Classic Movies hub, adding hundreds of classic films starring Mickey Rooney, Humphrey Bogart, Elizabeth Taylor, and more — Exclusive: Warner Bros. Discovery is extending its commitment to the Turner Classic Movies brand on Max in a way that should please film history aficionados.