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1:50 PM ET, December 19, 2024

Mediagazer

 Top News: 
Kiyoshi Takenaka / Reuters:
Sony buys ~$320M of shares in Japanese media powerhouse Kadokawa, which owns FromSoftware, taking its stake to ~10% and becoming Kadokawa's top shareholder  —  Sony Group (6758.T) said on Thursday it will invest about 50 billion yen ($320 million) to acquire new shares of Kadokawa (9468.T) …
RELATED:
Katie Robertson / New York Times:
Semafor plans to launch an invite-only newsletter for CEOs, The CEO Signal, in January 2025, written by former FT US News Editor Andrew Edgecliffe-Johnson  —  Numerous media outlets, looking for new lucrative lines of business, are pursuing newsletters and events aimed specifically at top executives.
Colby Hall / Mediaite:
Neil Cavuto is leaving Fox News after 28 years at the network; source: Fox offered him a new deal that he declined to accept and ultimately decided to leave  —  Neil Cavuto is leaving Fox News after 28 years at the network and will bid viewers farewell at the end of Your World Thursday afternoon, Mediaite has learned.
Deadline:
John Robson, co-founder of kid-focused studio Moonbug, is stepping down; Moonbug bought CoComelon in 2020, and Candle Media acquired Moonbug in 2021  —  Moonbug is owned by Candle Media and has the lucrative CoComelon franchise.  Robson's fellow Co-Founder, Rene Rechtman told staff about the news in a memo circulated today.
Joe Easton / Bloomberg:
Canal+ shares sink 15%+ as UBS says the stock is fairly valued after its London listing on December 16; CAN is down 32%+ since its listing  —  The stock dropped as much as 19% to 191.10 pence as UBS analysts including Ben Shelley started coverage with a neutral rating and a 240 pence price target.
Mark Stenberg / Adweek:
The Baltimore Banner, launched in June 2022, expects 2024 revenue to rise 37% YoY to $13M+, with subscriber count growing 50%+ in 2024 to ~55,000  —  The 2.5-year-old non-profit generates nearly half of its business from paying readers  —  Nonprofit newsroom The Baltimore Banner will bring …
Chris Roush / Talking Biz News:
Ankler hires Alison Brower as its executive editor; Brower was Los Angeles bureau chief at Business Insider before leaving in February  —  Ankler, which covers the entertainment industry, has hired Alison Brower as its executive editor.  —  Brower was Los Angeles bureau chief at Business Insider before leaving in February.
Graham Fraser / BBC:
Reporters Without Borders urges Apple to scrap Apple Intelligence's notification summaries after a BBC complaint said the feature created a misleading headline  —  A major journalism body has urged Apple to scrap its new generative AI feature after it created a misleading headline about a high-profile killing in the United States.
S.E. Smith / The Verge:
A look at the quickly disappearing web, as digital decay and link rot erase all kinds of media; a Pew study says 38% of webpages accessible in 2013 are now gone  —  The internet is forever.  But also, it isn't.  What happens to our culture when websites start to vanish at random?
James Cridland / Podnews:
A look at TuneIn: top executive departures and mass layoffs since 2020, the service hasn't updated its podcast database since February 2024, and more  —  In December 2009, I visited Bill Moore, in an industrial estate north of Dallas TX.  Bill was the founder of TuneIn - known at the time as RadioTime …
Discussion: @james.crid.land
 
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 More News: 
Robert Booth / The Guardian:
A coalition of newspapers, writers, movie producers, and others rejects UK's plans to create a copyright exemption for AI companies to train their models
Jesse Whittock / Deadline:
TelevisaUnivision plans to launch ViX in Spain in January 2025 on Spanish media group Atresmedia's streaming platform Atresplayer
Bron Maher / Press Gazette:
Bloomberg EIC John Micklethwait calls paywalls “the safest way to guarantee journalistic jobs” and predicts AI would do more to change editing than reporting
 Earlier Picks: 
Leo Schwartz / Fortune:
Sources: CoinDesk owner Bullish removed an article on Tron founder Justin Sun after complaints from his team; editorial chair Matt Murray resigned on Dec. 16
BBC:
Analysis of Facebook data: audience engagement for Palestinian news outlets fell 77% since October 2023; the outlets say Meta severely restricted their reach
Erik Wemple / Washington Post:
A look at GOP attacks on local news outlets across the US, including the Lancaster County Board of Commissioners' harrassment of LNP reporter Tom Lisi
 

 
From Techmeme:

Kyle Wiggers / TechCrunch:
Google releases Gemini 2.0 Flash Thinking, an experimental “reasoning” model that “explicitly shows its thoughts” and can use them to strengthen its reasoning

New York Times:
In 150+ X posts, Elon Musk led the charge to kill a bipartisan spending deal, in part by sharing misinfo, which may lead to a government shutdown over Christmas

Reuters:
Sources: Apple is in early-stage talks with Tencent and ByteDance about integrating their AI models into iPhones sold in China; ChatGPT is unavailable in China
 
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