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4:50 PM ET, December 19, 2024

Mediagazer

 Top News: 
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.
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.
Mina Haq / PEN America:
Q&A with Mother Jones Senior Reporter Anna Merlan on disinfo's role in the 2024 election, the importance of using TikTok and Instagram for journalists, and more  —  The forces behind Donald Trump's election win are still being dissected, and it would be unwise and simplistic to point to any single factor.
Naman Ramachandran / Variety:
Gower Street predicts 2025 global box office revenue to hit $33B, up 8% from 2024's estimated $30.5B, and the North American market rising 9% YoY to ~$9.7B  —  Global box office revenues are expected to rebound to $33 billion in 2025, marking an 8% increase from 2024's estimated $30.5 billion take …
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  —  Bloomberg editor-in-chief John Micklethwait has called paywalls “the safest way to guarantee journalistic jobs” in a speech about the future of journalism.
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.
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.
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.
 
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 More News: 
Jess Weatherbed / The Verge:
Meta teases an AI editing tool powered by Movie Gen AI in Instagram that can change outfits, backgrounds, and more in videos using a text prompt, coming in 2025
Robert Booth / The Guardian:
A coalition of newspapers, writers, movie producers, and others rejects the 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
S.E. Smith / The Verge:
A look at the quickly disappearing web, as digital decay and link rot erase many media formats; a Pew study says 38% of webpages accessible in 2013 are now gone
 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
 

 
From Techmeme:

Bloomberg:
iRobot files for Chapter 11 bankruptcy and reaches a restructuring agreement to hand over control to its secured lender and main Chinese supplier Shenzhen Picea

Arsheeya Bajwa / Reuters:
Nvidia announces it has acquired SchedMD, the developer of Slurm, an open-source workload management system for HPC and AI

Emilia David / VentureBeat:
Nvidia launches Nemotron 3, a family of AI models using a hybrid mixture-of-experts architecture and the Mamba-Transformer design, in 30B, 100B, and ~500B sizes
 
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