Top News:
The Walt Disney Co.:
Bob Chapek has been named CEO of The Walt Disney Company, effective immediately; Bob Iger will serve as executive chairman through 2021 — 1 BOB CHAPEK NAMED CHIEF EXECUTIVE OFFICER OF THE WALT DISNEY COMPANY Robert A. Iger Assumes Role of Executive Chairman through 2021 Mr. Iger Will Direct …
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/Film, CNBC, @ballmatthew, Talking Biz News, Variety, Los Angeles Times, BBC, The Wrap, Deadline, CNN, Los Angeles Times, Wall Street Journal, @richlightshed, Understandably, @joannastern, @kirkneverdied, @pkafka, @orlparknews, @pkafka, @panzer, @muppetmindset, @wdwtales, @alexweprin, @mgsiegler, @panzer, @frankpallotta, @panzer, @panzer, @thr, @janinegibson, @mantia, @dkthomp, @thr, @panzer, @anandwrites, @edmundlee, @thekenyeung, The Verge, Washington Post, USA Today, AppleInsider, Associated Press and CNET, more at Techmeme »
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Peter Kafka / Vox:
Bob Iger's timing as he steps down is a head scratcher, but Disney is telling Wall Street and consumers that they shouldn't expect anything to change soon — Bob Iger, left, is stepping down as Disney CEO. The man standing next to him, Bob Chapek, is replacing him. Screenshot via Disney
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New York Times, The Wrap, Ad Age, The Streamable, Concurrent Media, @petersciretta, CNBC, @kevinmdraper, @koblin, @pkafka, @pkafka, @felixsalmon, @thekeits, @jimmiller, @brooksbarnesnyt, @lucas_shaw, MediaNama, @cnbc, @cnbc, The Week, @cnbc, @reckless, @cnbc, @cnbc, 5ish from M.G. Siegler, CNBC and Bloomberg
Sarah Scire / Nieman Lab:
As The Markup launches, a look at its commitment to a scientific approach of amassing evidence, sharing methods, and providing data for other researchers — After a false start, the unconventional team of algorithm investigators is ready to dive deep. “I've heard that we are tying …
Paul Farhi / Washington Post:
ABC suspends reporter David Wright after reviewing Project Veritas footage in which he criticized Trump coverage and ABC News' promotion of Disney content — ABC News suspended one of its veteran correspondents late Tuesday for unguarded remarks he made in a video by operatives of Project Veritas …
Joe Mandese / MediaPost:
IAB report: programmatic media buys now account for 85% of all digital ad spending, reaching nearly $79B in the US in 2020 and growing to $90.1B in 2021 — Programmatic media buys now accounts for 85% of all digital ad spending, according to estimates released in a new report from the Interactive Advertising Bureau.
Samantha Cole / VICE:
Two programmer-musicians algorithmically generated every possible MIDI melody in one octave and openly licensed them to help others in future copyright suits — Two programmer-musicians wrote every possible MIDI melody in existence to a hard drive, copyrighted the whole thing …
Discussion:
@simondlr, @simondlr, @macwbishop, @xor, @zanderhulme, @xor, @mewilson46, @jaykelly26 and @xor, more at Techmeme »
Sara Fischer / Axios:
Minute Media, which owns The Players' Tribune and The Big Lead, raises $40M for a total of $160M, sources say at a $500M valuation — Minute Media is hoping to expand its business by selling publishing software as a service.
Discussion:
Adweek and TechCrunch
Elaine Low / Variety:
Hulu chief marketing officer Kelly Campbell has been promoted to president, reporting to Kevin Mayer, Disney's direct-to-consumer and international chairman — Hulu's chief marketing officer Kelly Campbell has been promoted to president of Hulu, a move that comes in the wake of Randy Freer's recent exit as CEO of the company.
Discussion:
MediaPost, The Wrap, Business Insider, Cord Cutters News, Multichannel News and The Streamable
Nathaniel Meyersohn / CNN:
A look at The Costco Connection, a monthly magazine for Costco executive members, whose circulation of 14.3M makes it the fourth biggest magazine in the US — New York (CNN Business)Costco relies on a surprising perk to engage its executive members and keep them hooked on their $120-a-year subscription …
Alex Sherman / CNBC:
Comcast acquires Xumo, an ad-supported video streaming service that has about 10M users, source says for over $100M — - Comcast is buying free ad-supported streaming service Xumo for more than $100 million. — Comcast's interest in Xumo stems from its partnerships with smart television manufacturers and streaming technology.
Discussion:
The Philadelphia Inquirer, The Streamable, @jbflint, @awallenstein, @taralach, Engadget, AdExchanger, Los Angeles Times and Comcast, more at Techmeme »
Mel Grau / Poynter:
A look at a nearly two year fight by six women at The Boston Globe to get a more robust parental leave policy for the newspaper — Though they never heard the word “no,” it took nearly two years for these six women to get a more robust parental leave policy for the newspaper.
Discussion:
@nytimescramer, @kgeee, @janellenanos, Media Nation and Dan Kennedy
Tim Peterson / Digiday:
Since moving its content team to Amazon Studios, sources say IMDb TV has been in talks to produce original scripted and unscripted shows — This article is part of the Digiday Video Briefing, which features must-reads, confessionals and key market stats. To receive the Digiday Video Briefing, please subscribe.
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