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1:15 AM ET, December 9, 2024

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 Top News: 
Wall Street Journal:
Sources: Omnicom is in advanced talks to buy Interpublic; the deal could be announced this week and value Interpublic between $13B and $14B, excluding debt  —  A deal would create the world's largest advertising company, with net revenue of more than $20 billion, topping WPP's $15.1 billion.
Dade Hayes / Deadline:
Brendan Carr, Donald Trump's pick to chair the FCC, vowed to back local TV stations even if it conflicts “with the interests of national broadcast networks”  —  Video … Appearing Friday on CNBC's Squawk on the Street, Carr continued to draw attention to broadcast networks' …
Discussion: CNBC and Business Insider
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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.
RELATED:
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
Discussion: The Guardian
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
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.
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
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 …
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 …
 
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 More News: 
Gretel Kahn / Reuters Institute:
Q&A with NYT reporters Kate Conger and Ryan Mac on their book about Musk's Twitter takeover, X's relevance for journalism, Musk's disdain for media, and more
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
 Earlier Picks: 
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
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
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
 

 
From Techmeme:

Bloomberg:
Google debuts Gemini 2.0 and plans to test the model in search and AI Overviews, saying it enables “agents that can think, remember, plan, and even take action”

Igor Bonifacic / Engadget:
Apple rolls out iOS 18.2, iPadOS 18.2, and macOS Sequoia 15.2, with Apple Intelligence features including ChatGPT integration, Image Playground, and Genmoji

Lawrence Abrams / BleepingComputer:
A global outage has hit Facebook, Instagram, Threads, and WhatsApp, starting at approximately 12:40pm ET; Meta says it's “99% of the way” to resolving the issue
 
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