Mediagazer: Sources: Meta pays BuzzFeed to generate creator content for Facebook and Instagram and to train online creators to grow, as part of a ~$10M deal reached in 2022 (Wall Street Journal)

11:25 AM ET, January 26, 2023

Top News:

Meta plans to reinstate Donald Trump's Facebook and Instagram accounts in the coming weeks with “new guardrails to deter repeat offenses”, after a two-year ban — - “We've always believed that Americans should be able to hear from the people who want to lead the country,” Clegg told Axios.

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Sara Fischer / Axios:

In a memo to staff, Dotdash Meredith CEO Neil Vogel announces layoffs affecting 274 people, or 7% of the outlet's workforce — Dotdash Meredith, one of the largest print and digital publishers in the country, is laying off 274 people, roughly 7% of its staff, its CEO Neil Vogel told employees …

Discussion: Observer, Wall Street Journal, @simonowens, @jeffjarvis and @petersterne, Thanks:@petersterne

Georg Szalai / The Hollywood Reporter:

NBCU reports Q4 revenue rose 5.9% YoY to $9.89B as EBITDA fell to $817M from $1.28B in Q4 2021; Peacock has 20M+ paid subscriptions and an EBITDA loss of $978M — Parent company Comcast reported its broadband and pay TV subscriber figures for the latest period.

Discussion: MediaPost, Variety, The Streamable, Next TV, TVNewsCheck, @tvgrimreaper, @thr and Deadline

Jennifer Maas / Variety:

Comcast and NBCU executives say they expect Peacock's losses to peak in 2023 at around $3B and “improve steadily from there” — NBCUniversal execs some big Peacock news to preen about Thursday, revealing the streamer had more than doubled its paid subscribers to 20 million customers by the end of 2022.

Discussion: TechCrunch, The Wrap, Deadline and Media Play News

Wall Street Journal:

Sources: Meta pays BuzzFeed to generate creator content for Facebook and Instagram and to train online creators to grow, as part of a ~$10M deal reached in 2022 — Partnership marks latest iteration of yearslong relationship between digital publisher and social-media giant

Discussion: The Wrap, The Information and @chrisharihar, more at Techmeme »

Philip Stafford / Financial Times:

Chicago-based Clouty creates a tradeable index tracking revenue made by the top 500 songs streamed globally, as private equity groups invest in music catalogs — Start-up is seeking to launch futures to let streaming companies and rights owners manage risks

Discussion: @matthuber78

Lucia Moses / Insider:

Bloomberg plans to hire 1,000 staff in 2023, some for its news arm, and to create a new team to improve user experience and news discoverability on the Terminal — - Bloomberg LP plans to hire 1,000 people this year as other media and finance companies slash staff.

Discussion: @lmoses and @mediaevan

Washington Post:

India has taken extraordinary measures to prevent citizens from seeing the BBC's Narendra Modi documentary, including cutting electricity and detaining students — NEW DELHI — The film had already been banned, the social media posts censored. Now, the students huddled without light …

Newley Purnell / Wall Street Journal:
Twitter reinstates some Hindu nationalist accounts popular in India, including some denigrating Muslims, and blocks links to a BBC documentary on Narendra Modi

Kat Tenbarge / NBC News:

Following Adult Swim, Hulu cuts ties with Rick and Morty co-creator Justin Roiland, who worked on two Hulu productions — Hulu, Adult Swim cut ties with ‘Rick and Morty’ creator — Hulu is cutting ties with “Rick and Morty” co-creator and co-star Justin Roiland, the company said in a statement.

Jake Kanter / Deadline:

Three producers who worked on a Guardian podcast about its founder's slavery ties filed a formal complaint about institutional racism during the project in 2022 — EXCLUSIVE: The Guardian's plan to produce a podcast about its historical slave trade links has been the subject of a race complaint …

Discussion: Talking Biz News, @baronessbruck, @jake_kanter and @jake_kanter

Meduza.io:

Russia designates Meduza an illegal, “undesirable organization”, meaning anyone who “cooperates” with it, including sources, can face felony prosecution — The Russian Prosecutor General's Office designated Meduza as an illegal, “undesirable organization” on Thursday, January 26.

Discussion: Reuters, @ianbremmer and @meduza_en

Cynthia Littleton / Variety:

Penske Media's new unit Penske Media Eldridge acquires Golden Globes and other awards events owner Dick Clark Productions from Todd Boehly's Eldridge Industries — Penske Media Eldridge has acquired Dick Clark Productions in a deal that marks a major expansion for the parent company of Variety …

Discussion: @lisatozzi, @tim_bays, WWD, PMC, The Wrap, Deadline, Billboard, IndieWire, Footwear News, The Hollywood Reporter and Rolling Stone

John Hopewell / Variety:

Roots Group, the real estate developer behind Madrid Content City, Netflix's first European production hub, plans to build a Guadalajara Content City in Mexico — MIAMI — Spain's Roots Group, the real estate developer behind Madrid Content City, the site of Netflix's European Production Hub …

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Earlier Picks:

Bloomberg:
Sinclair Broadcast's Diamond Sports Group heads toward an $8.6B debt restructuring in bankruptcy court and bets on its new direct-to-consumer streaming service

Discussion: Next TV, @aquinas82nd, @lifeoffitz, @walsha, @bill_shea19, @mikevorkunov, @dbrauer, Barrett Media and The Streamable

Bryce Elder / Financial Times:
FT Alphaville closes its Mastodon server and reflects on why running a social media site is a bad idea, including due to reputational, legal, and security risks

The Guardian:
Margaret Sullivan, former Washington Post columnist and New York Times public editor, joins The Guardian US as a media, politics, and culture weekly columnist

Discussion: @sulliview, @guardianus, @kira_lerner, @vwpickard, Media Voices, @markfollman, @heerjeet, @hugolowell, @jaredlholt, @parkermolloy, @lrozen, @timjgraham, @jamesrbuk and @vivian

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US short seller Hindenburg Research says Adani Group, India's largest corporation and aspiring media empire, is “pulling the largest con in corporate history”

New York Times:
Rupert Murdoch withdraws his News Corp and Fox Corp merger plan after significant investor pushback; James Murdoch questioned the deal in letters to both boards

From Techmeme:

Connor Jones / The Register:
UnitedHealth says the February ransomware attack on Change Healthcare cost the company $872M in Q1; another ransomware group appears to be extorting the company

Financial Times:
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Raphael Satter / Reuters:
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