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9:30 AM ET, January 19, 2023

Mediagazer

 Top News: 
Wall Street Journal:
Nexstar reaches a multiyear deal to broadcast the Saudi-backed LIV Golf tour on The CW Network; so far, LIV events have been available online free  —  Partnership will determine the Saudi-funded golf tour's financial viability  —  LIV Golf, the controversial Saudi-funded golf tour that launched …
Financial Times:
Patreon, Substack, and other “passion economy” startups are laying off staff and abandoning fundraising plans; Dealroom: investment fell 75% to $801M in 2022  —  Once high-flying start-ups that serve online creators and influencers have been forced into a painful retrenchment …
Sarah Perez / TechCrunch:
Wikimedia launches an updated Wikipedia design, including improved search and accessibility, a refreshed table of contents, and easier language switching  —  Wikipedia, one of the world's top 10 most visited websites, and a resource used by billions every month, is getting its first makeover on the desktop in over a decade.
Rich Johnston / Bleeding Cool:
Amazon's layoffs are heavily impacting digital comic book publisher and distributor ComiXology, acquired in 2014, with reports of up to 50% of staff leaving  —  ComiXology staffers are reporting widescale redundancies today across the digital comics publisher and distributor, as well as its parent company, Amazon.
Erin Woo / The Information:
Source: Twitter's Q4 2022 revenue fell ~35% YoY to $1.025B, 72% of its Q4 goal; the company hopes to generate $732M in Q1 2023, which would be down 39% YoY  —  Twitter's fourth quarter revenue fell about 35% year over year to $1.025 billion, a top ad executive revealed at a staff meeting Wednesday …
RELATED:
Erin Woo / The Information:
Source: Twitter engineering manager Siddharth Rao told employees that daily revenue was 40% lower YoY and 500+ of the company's top advertisers paused spending
Lauren Thomas / Wall Street Journal:
CoinDesk retains investment bankers at Lazard to help the outlet explore options including a partial or full sale after “numerous” indications of interest  —  The company has ‘received numerous inbound indications of interest,’ CEO Kevin Worth said.  —  1x
Jake Kanter / Deadline:
The BBC's US head of digital journalism, Saeed Ahmed, quits after four months, raising concerns about the BBC's international and domestic news channels merger  —  EXCLUSIVE: The BBC's head of digital journalism has quit after just four months, prompting further anxiety about the UK broadcaster's plans …
Discussion: @jake_kanter
Zoe Samios / Sydney Morning Herald:
The Age in Melbourne, Australia, appoints news director Patrick Elligett as its editor, replacing Gay Alcorn, who stepped down in December 2022 after two years  —  The Age has appointed news director Patrick Elligett as its new editor.  —  Elligett joined the masthead in 2019 and replaces Gay Alcorn …
Andy Maxwell / TorrentFreak:
The European Commission invites stakeholders to share experiences and potential solutions under existing laws to combat piracy of live events via IPTV services  —  Rightsholders involved in the creation and broadcasting of live events say their businesses face a persistent threat from unlicensed and illegal competition.
Jeremy Fuster / The Wrap:
Avatar: The Way of Water hits $1.92B at the global box office, passing Spider-Man: No Way Home for the No. 6 all-time spot; China's audiences contributed $217M  —  Disney/20th Century's “Avatar: The Way of Water” is now the highest grossing film of the post-shutdown era with $1.92 billion …
Discussion: Screen Rant, Insider and Deadline
Chavi Mehta / Reuters:
Spotify, Deezer, Proton, and others write to Margrethe Vestager, demanding the European Commission take action against Apple's “unfair practices”, like IAP fees  —  Music streaming service Spotify Technology (SPOT.N), along with other media firms such as Deezer …
 
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 More News: 
Jon Brodkin / Ars Technica:
A California Superior Court judge throws out most of OANN's claims in a lawsuit filed in March 2022 over DirecTV dropping the network from its channel lineup
Discussion: Techdirt and Times of San Diego
Digiday:
Similarweb: Twitter referral traffic to a dozen major outlets fell 12% on average between November and December 2022; traffic to the New York Post and Fox grew
Aisha Majid / Press Gazette:
Edelman November 2022 survey: 37% of people in the UK said they trusted the media, up from 35% in November 2021, compared to ~43% in the US, up from 39% YoY
 Earlier Picks: 
The Hollywood Reporter:
A look at Disney's board power struggle and how investor Nelson Peltz lobbied for a seat since July 2022 with help from former Marvel executive Ike Perlmutter
Manish Singh / TechCrunch:
India proposes forcing social media companies to rely on the Press Bureau of India and its other agencies for fact checking, as part of amendments to IT rules
Discussion: MediaNama
Rachel Russell / BBC:
The BBC apologizes after pre-match soccer commentary had audible porn clip noises playing on a mobile phone taped to the set; a YouTuber claimed responsibility
Arjun Neil Alim / Financial Times:
Condé Nast plans to leave Vogue House, its iconic, seven-story office in London's Mayfair, in 2024, as part of its efforts to streamline editorial operations
New York Times:
Semafor plans to buy out Sam Bankman-Fried's roughly $10M stake and put the money into a separate account; the investment was Semafor's largest in a ~$25M round