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BuzzFeed reaches a deal to sell Hot Ones owner First We Feast for $82.5M in cash to a consortium of investors led by an affiliate of Soros Fund Management — The sale, to a group that includes the show's host, Sean Evans, and Soros Fund Management, will allow BuzzFeed to pay down tens of millions of dollars in debt.
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Wall Street Journal, Bloomberg, AV Club, Business Insider, @derekberes.bsky.social, @benmullin, @jusaire, @pkafka, The Wrap, @ernie.tedium.co, Tubefilter, @katienotopoulos.bsky.social, @pkafka, @maxwelltani, The Hollywood Reporter, Forbes, @pkafka@threads.net, Samantha Tomaszewski on LinkedIn, Nicholas Schonberger on LinkedIn, Deadline, @lanceulanoff, The Information, @sizpatel and @katienotopoulos.bsky.social
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Sources: Patrick Soon-Shiong told LA Times opinion leaders not to publish an editorial critical of Trump's cabinet picks without publishing an opposing view — Dr. Patrick Soon-Shiong's public comments and actions, including recently blocking an editorial weighing in on President-elect Trump's cabinet picks …
Discussion:
Mediaite, @damon.kiesow.net, The Present Age, @emilybell.bsky.social, @justinbaragona.bsky.social, @noahshachtman.bsky.social, @katierobertson.bsky.social, @cephalopod.bsky.social, @jamellebouie.net, @ashtonlattimore.bsky.social, @edmundlee.bsky.social, @rmac.bsky.social, @katekilla.bsky.social, @scottjohnson.wtf and Slate


The WGA demands studios take “immediate legal action” against companies that used writers' work to train AI, in a letter to CEOs of Disney, Netflix, and others — The union is arguing that tech companies “looted the studios' intellectual property” while Hollywood's major companies stood by.
Discussion:
IndieWire, The Wrap, Variety, AV Club, Los Angeles Times, @ninametz.bsky.social, @lainna.bsky.social and Deadline


Warner Bros. Discovery announces a restructuring to create two separate units: one for linear TV networks and one for production studios and streaming platforms — The maneuver was unveiled just days after Comcast said it planned to spin off the bulk of its NBCUniversal cable networks …
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Warner Bros. Discovery, Business Insider, The Information, Reuters, @bristei, @bristei, Barrett Media, @mediaevan.bsky.social, @tvgrimreaper, Cord Cutters News, @willmckinley, @brianstelter, Brian Steinberg on LinkedIn, @pkafka@threads.net, @asharma, @brianstelter, Business Insider, Broadband TV News, @sherman4949, The Wrap, Bloomberg, Yahoo Finance, TVNewsCheck, CNBC, The Verge, WORLD SCREEN, The Hollywood Reporter and Barron's Online
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Warner Bros. Discovery's shares jump 13%+ after the company announced a restructuring that is expected to take effect by mid-2025 — Warner Bros. Discovery, CNN's corporate parent, announced Thursday, it is establishing a new corporate structure that splits its cable networks off from its growing streaming business.
Discussion:
Adweek, @lucas_shaw and @mediaevan


Current and former Netflix staff say the company has walked back its parental-leave benefits, after shifting its focus from subscriber growth to profitability — Employees worry the pullback and other new restrictions mean the entertainment giant is losing the identity that fueled its success


Donald Trump picks former news anchor and hardline Republican Kari Lake to be the director of US government-funded media outlet Voice of America — U.S. President-elect Donald Trump on Wednesday said he was picking Kari Lake, a former news anchor and a hardline Republican who failed to win …
Discussion:
CNN, New York Times, USA Today, One America News Network, WXIA-TV, Vanity Fair, Tv Technology, Scripps News, Truthout, Raw Story, Adweek, @brianstelter, @brianstelter, @backyardpolitics.bsky.social, The Independent, Townhall, @brianstelter, NPR, Forbes, @brianstelter, @brianstelter, Nicole Carr on LinkedIn, Washington Post, RedState, @brianstelter, @brianstelter, The Hill, @nicksortor, @admcrlsn, @damintoell, @usa_polling, @aidnmclaughlin, The American Spectator, @andrewfeinberg, @libbeydean_, @farhip, @samstein, Alternet.org, Roll Call, @yashar, Politico, Mediaite, Twitchy, Breitbart, Daily Mail, Al Jazeera, UPI, Arizona Mirror, Fox News, @davidfolkenflik.bsky.social, @davidfolkenflik.bsky.social, @dangillmor.mastodon …, Crooks and Liars, New York Post, WTTG-TV, Los Angeles Times, Washington Examiner, NBC News, CityNews Halifax, The Desk, @matthewkeys.net, The Gateway Pundit, CBS News, @bubbaprog.lol, @davidakaye.bsky.social, @helenkennedy.bsky.social, @olgalautman.bsky.social, @samlitzinger.bsky.social, @dandrezner.bsky.social, @kerravon.bsky.social, @joshtpm.bsky.social, Voice of America, Axios, Bloomberg, Deadline, HuffPost, Washington Times, Daily Kos, ABC News and Bloomberg


An interview with Business Insider CTO Harry Hope on BI's use of AI, including AI-powered search and ad tools, shifting away from mass audience, and more — Business Insider's chief technology officer has said advancements in AI technology are helping the publisher “to do a bit more to punch above our weight class”.
Discussion:
Talking Biz News


In 2024, police arrested or detained US journalists at least 48 times, more than in 2022 and 2023 combined; nearly half of arrests were by New York City police — Stephanie Sugars from Freedom of the Press Foundation — Nearly all 48 arrests took place during demonstrations; half at hands of NYPD


Italian broadcaster MediaForEurope says it is looking to accelerate its plan to build a pan-European free-to-air TV hub after securing a €3.4B credit facility — - Broadcaster adds financial muscle to bankroll future plans — CEO doesn't rule out a bid for rest of Germany's ProSieben
Discussion:
Broadband TV News and Reuters


Slack messages: NYT editors tell reporters to “dial back” on using photos of alleged UnitedHealth gunman Luigi Mangione and to avoid publishing his “manifesto” — Times management directs staff to “dial back” Luigi Mangione headshots


Former NBC News president Noah Oppenheim, Lloyd Braun, and Sarah Bremner launch indie studio Prologue Entertainment, backed by Jeff Zucker and RedBird Capital — A trio of entertainment veterans — Lloyd Braun, Sarah Bremner and Noah Oppenheim — have come together to form independent …
Discussion:
The Wrap, Deadline and The Hollywood Reporter


Email: the Guardian Media Group declined to engage with an alternative bid enquiry for The Observer due to exclusivity terms with Tortoise — Guardian Media Group declined to engage with an alternative bid enquiry for The Observer on Tuesday, telling the interested party it could not speak …
Discussion:
@dominicponsford.bsky.social
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