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7:35 AM ET, December 24, 2024

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 Top News: 
Brian Stelter / CNN:
In a letter to Bob Iger, incoming FCC Chair Brendan Carr raised concerns about ABC's negotiations with its affiliated stations, public trust in media, and more  —  New York CNN —  —  The incoming chairman of the Federal Communications Commission is sending a stern message to the owners of television stations and networks.
New York Times:
In a first, Telegram is set to be profitable in 2024, with $1B+ in revenue, up from ~$350M in 2023, and 12M subscribers; source: 50%+ of its revenue is from ads  —  Even as Telegram faces legal scrutiny and grapples with billions in debt, it is set to be profitable for the first time as it tries cryptocurrencies, subscriptions and ads.
Jessica Toonkel / Wall Street Journal:
A deep dive into Paramount's sale to Skydance; sources: Skydance may integrate Pluto into Paramount+, and CBS head George Cheeks is expected to be head of TV  —  An $8 billion deal Shari Redstone struck with Skydance Media must go through the FCC next year; new owners seek over $2 billion in cost cuts
Ryan Christoffel / 9to5Mac:
In a viral YouTube video, MegaLag claims PayPal's Honey browser extension doesn't show users the best coupons and deals, and steals creators' affiliate revenue  —  Honey is a popular browser extension owned by PayPal that's at the center of a big new controversy.
Todd Spangler / Variety:
Netflix will host NFL Christmas games, including Beyonce's Halftime show, for only three hours after streaming them live; replays will be available on NFL+  —  NFL Network will re-air singer's performance (and Ravens-Texans and Chiefs-Steelers games); replays to be available on NFL+ in U.S.
Gene Maddaus / Variety:
The Animation Guild ratifies a contract with major studios, without AI demands such as letting members opt out of using AI or allowing AI training on their work  —  The Animation Guild has ratified its contract with the major studios, despite concerns from some about protections against artificial intelligence.
Kimberly Nordyke / The Hollywood Reporter:
News Corp and Telstra agree to sell Australian pay TV company Foxtel Group to sports streaming platform DAZN in a deal worth ~$2.1B  —  The Foxtel Group is owned 65 percent by News Corp. and 35 percent by Telstra. … Under the terms of the agreement, shareholder loans in the amount …
 
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 More News: 
Jon Phillips / PCWorld:
PCWorld executive editor Gordon Mah Ung, former Maximum PC editor-in-chief and renowned PC hardware journalist for 25+ years, died at 58 of pancreatic cancer
Haroon Siddique / The Guardian:
Trevor Birney and Barry McCaffrey, who a tribunal ruled were unlawfully spied on by UK police, say they have “no doubt” reporters are still targeted in the UK
Alex Weprin / The Hollywood Reporter:
How Netflix plans to use the new season of Squid Game to boost its video game business, including offering subscribers in-game rewards based on their watch time
 Earlier Picks: 
Om Malik / On my Om:
AI platforms are unlikely to become a major source of traffic or ad revenue for media outlets, with content deals offering only a short-term revenue boost
Bloomberg:
A look at Crunchyroll's challenges, including current and former employees saying its management is out of touch, as Disney and Netflix expand into anime
Jack Dunn / Variety:
Trump appoints Mark Burnett, the British TV executive who created and produced the reality show The Apprentice, as a special envoy to the UK
New York Times:
Court docs detail a smear campaign against actress Blake Lively via media stories and social media posts after she accused director Justin Baldoni of misconduct
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From Techmeme:

Muyao Shen / Bloomberg:
Hashed: Hyperliquid, the top DeFi derivatives exchange by volume, had $112M+ of USDC outflows on December 23, over concerns of trading by North Korean hackers

Bill Toulas / BleepingComputer:
The US FTC orders Marriott and Starwood to implement a robust customer data security scheme after Starwood's 2014 to 2018 breaches and Marriott's 2018 breach

Pranshu Verma / Washington Post:
Arizona's Maricopa County is set to have the second largest concentration of US data centers by 2028, as the state races to increase electricity production
 
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