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11:50 AM ET, December 9, 2024

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 Top News: 
Ben Sisario / New York Times:
Taylor Swift Touring says the Eras Tour made $2B in ticket sales, double the gross of any other concert tour in history, with an average seat price of ~$204  —  Over 21 months, the pop superstar's culture-dominating stage show doubled the gross of its closest competitor, according to ticket sales figures confirmed for the first time.
Dominic Ponsford / Press Gazette:
The Guardian publishes a letter by 125 Guardian and Observer staff contradicting Scott Trust claims of “extensive consultations” with staff over Observer sale  —  The Guardian has published two letters from current and former staff attacking the chair of the Scott Trust, the limited company which owns Guardian Media Group.
RELATED:
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
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: TVNewsCheck, CNBC and Business Insider
RELATED:
Ben Smith / Semafor:
Source: Fox is talking to potential acquisition targets in political media, particularly on the right, including Daily Wire and Red Seat Ventures  —  THE SCOOP  —  My colleague Liz Hoffman has written that “SpinCo,” the new proprietor of NBC's cable assets, will be born with a strong balance sheet …
Mark Sweney / The Guardian:
ITV CEO Carolyn McCall has fared well in an embattled sector, turning around the UK's biggest commercial public broadcaster despite a stubbornly low share price  —  CEO has fared well in an embattled sector, turning around the UK's biggest commercial public broadcaster despite the stubbornly low share price
Todd Spangler / Variety:
Comcast and WBD announce a multiyear distribution pact, including letting Comcast bundle Max in the US; Sky will launch the Max app in the UK in April 2025  —  Sky gets U.K. rights to HBO's forthcoming Harry Potter series, will distribute Max in the country
The New York Times Company:
Matea Gold, who has been a managing editor of The Washington Post for the past 15 months, joins The New York Times as Washington editor  —  Matea, who has a stellar track record as an ambitious and creative editor, will be Washington editor.  —  This is an exciting one.
Max Tani / Semafor:
Source: Vox Media will not renew its deal to distribute Taylor Lorenz's video podcast, set to expire at the start of 2025; the first episode aired in March 2024  —  The Scoop  —  Vox Media is ending its deal to distribute Taylor Lorenz's podcast and YouTube show.
Daniel Thomas / Financial Times:
GroupM expects global ad industry revenue to hit $1T for the first time in 2024; Google, Meta, ByteDance, Amazon, and Alibaba are set to earn 50%+ of the total  —  Google, Meta, ByteDance, Amazon and Alibaba expected to earn more than half the annual total  —  The global advertising industry …
Bloomberg:
Omnicom Group agrees to buy Interpublic Group in a deal that will create the largest ad company in the world, with a combined $25B+ in annual revenue  —  Under the terms of the agreement announced Monday, Interpublic shareholders will receive 0.344 Omnicom shares for each share of Interpublic common stock they own.
 
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 More News: 
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
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
 Earlier Picks: 
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
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
 

 
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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