Top News:


Internal memo: Disney plans to institute a targeted hiring freeze except for “the most critical, business-driving positions” and make “some staff reductions” — KEY POINTS — Disney plans to freeze hiring and cut some jobs, according to an internal memo.


Source: Michael Lewis has shadowed Sam Bankman-Fried for six months, and CAA is pitching Lewis' yet-to-be-written book on FTX's collapse to Hollywood buyers — Author compares Sam Bankman-Fried, Binance's CZ to ‘Luke Skywalker and Darth Vader’ in email sent by CAA — In this issue:
Discussion:
@janicemin, @ahcastor, @jorilallo, @nathanpmyoung, Fortune, @andyblewis, @danprimack, @claritytoast and @gavinsbaker


Internal note: Twitter temporarily disabled signing up for Twitter Blue to “help address impersonation issues” affecting brands, politicians, and celebrities — Twitter accounts impersonating celebrities and politicians spread on the site after the company rolled out paid check marks.
Discussion:
@zoeschiffer, @lillypad, @joshuaphilll, The Verge, Mother Jones, @chrisiousity, kate, lately, @rachelbitecofer, The Hill, Vanity Fair, New York Times, CNET, @clintw, @wickdchiq, CNBC, @michaeldweiss, @ggreenwald, @jesus, @themaxburns, @parkermolloy, @hankgreen, @penamerica, @willoremus, @frances_coppola, @hardin, @mikerugnetta, @joshuaphilll, @kenklippenstein, @ggreenwald, @janecaseyauthor, @mikerugnetta, @zombiecleo, WHDH-TV, Slate, Al Jazeera, Financial Times, The Week, Bloomberg and The Wrap
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Twitter marked a Mediaite article critical of Musk as “potentially spammy” on Friday, warning users the URL may be “unsafe”; the warning was removed Saturday — Twitter deemed a Mediaite article that is critical of the company's new owner Elon Musk as “potentially spammy” …
Discussion:
@mattwalshblog, @verba_et_vertus, @beachwoodreport, The Hill, @mediaite, Boing Boing, Yahoo Entertainment, @paulachertok, @taliaotg and @slack2thefuture


Twitter reactivates its gray “Official” badge for select brands and outlets, after a wave of impersonations, hoaxing, and other chaos by purchased blue checks — Okay, so Twitter broke its own verification system by making the blue check — previously a signal that the account …
Discussion:
Washington Post, CNET, @digiphile, @rosyna, @john_sipher, @zackkanter, @twittersupport, @senmarkey, Insider, @jason_kint, @macaesbruno, Reuters, @freddyinspace, @elonmusk, @geoffreyfowler, @robertwrighter, @libyaliberty, @mds, The Hill, @jackmlawrence, The Guardian, @esthercrawford, @davidmackau, @davidmackau, @david_j_roth, @mkbhd, @craigmod, CBS News, Vanity Fair, @agoldmund, @esthercrawford, Gizmodo, Ad Age, Politico, @elonmusk, Livemint, Insider, @iambrandontv, @digiphile, Bloomberg, @mathewi, @esthercrawford, @taylorlorenz, Associated Press, TechCrunch, Forbes, Barrett Media and The Week


Sam Bankman-Fried invested in several nonprofit and for-profit newsrooms over the last year, including Semafor, The Intercept, ProPublica, and Vox — The Bankman-Fried industrial complex is imploding, with massive turmoil brewing for the donor who was seen as the Democratic Party's next great hope.
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Sources: Washington Post's Managing Editor Steven Ginsberg is leaving the paper to run The Athletic — I grew up reading the New York Post, and have watched it transform itself into a national Republican outlet. Max has the gossipy (naturally) story behind that story.
Discussion:
@tomgara


Affiliate fees and ads, which financed streaming efforts, are in secular decline as cable companies lose ~10% of customers yearly; TV ad sales fell 12% in 2020 — We're doing a special edition because of the media bloodbath on Wall Street this week. Investors are freaked out about the state …
Discussion:
@tvgrimreaper, @lucas_shaw, @danamo, The Streamable and The A.V. Club


An interview with BBC News' Naja Nielsen on doubling North American staff and tackling media distrust in the US, where the outlet reaches 50M people per week — BBC News believes it can be “an antidote” to disinformation and polarisation in the US news landscape.
Discussion:
@pressgazette, @pressgazette, @pressgazette, @pressgazette, @pressgazette, @janebsinger, @bbcnewspr, @arianapekary, @pressgazette, @pressgazette and @pressgazette


Memo: Omnicom, one of the world's biggest ad firms, recommends its clients like Apple, PepsiCo, and others “pause activity on Twitter”, citing brand safety risk — Omnicom, one of the world's biggest ad firms, representing brands like McDonald's, Apple, and Pepsico …
Discussion:
Wall Street Journal, @goldman, @miarsato, @carnage4life, @golikehellmachi, @ranimolla, @oliverdarcy, @chrisharihar, @loupas, @richburroughs, @mmasnick, @cryborg, @dbinkowski, @film_girl, @danlesac, @pkafka and AppleInsider
RELATED:

NBCUniversal Ad and Partnerships Chair Linda Yaccarino says “there is no surrogate for Twitter” and Elon Musk can learn advertising: “I think we can teach him”
Discussion:
Big Weirdo, @shannonzkiller, @garyblack00, @garyblack00, @mcproulx, @garettsloane, @loupas, @garyblack00, @joshtpm, @nicholasvinocur, @sarahnadav, Deadline and Bloomberg

A letter by The Media Rating Council to its clients shows it has voted to continue the September 2021 suspension of Nielsen's accreditation status — An MRC audit committee voted on the status of the measurement behemoth — The Media Rating Council has voted to continue its suspension …
Discussion:
@tvgrimreaper, Next TV and Variety


Analysis: the top 50 US magazines' collective average circulation fell from 145M in H1 2021 to 133M in H1 2022; print subs fell 11% YoY, digital grew 28% YoY — America's biggest magazines saw their circulation fall 8% year-on-year in the first half of 2022.