Top News:

Disney laid off Marvel Entertainment chairman Isaac Perlmutter as part of its 7,000 job cuts, after his unsuccessful effort to shake up Disney's board in 2022 — The move was part of a company cost-cutting campaign and came after Mr. Perlmutter was part of an unsuccessful attempt to shake up Disney's board.
Discussion:
Reuters, @brooksbarnesnyt, Bloomberg, Fortune, @acoyne, The A.V. Club, The Week, The Verge, Financial Times, Comic Book, Vanity Fair, SlashFilm, New York Post, The Information, @frankpallotta, @fabiannicieza, @parkermolloy, @profblacktruth, @mattgertz, @conroyforreal, @hopesloop, @samuelaadams, BGR, Collider, Los Angeles Times, @wandasattorney, @the_moviebob, @gregbaldwiniroh, @tomaxwell, @captmarvelnews, @abigaildisney, @scottgustin, @httweets, The Wrap, New York Daily News, Screen Rant, Gizmodo, IGN, Cord Cutters News and The Hollywood Reporter
RELATED:

Disney absorbs Marvel Entertainment, which is separate from Marvel Studios, into other units; Dan Buckley, the division's president, now reports to Kevin Feige — Along with Perlmutter, Marvel Entertainment's co-president, Rob Steffens, and chief counsel, John Turitzin, were also dismissed.

Sources: Disney has laid off over 300 employees in Beijing who worked on its streaming services, as the company carries out the first wave of 7,000 job cuts — Entertainment company began this week to carry out the first wave of a plan to cut 7,000 jobs — Walt Disney Co. DIS 2.16%increase …
Discussion:
@jtoonkel, Deadline, New York Post and MediaPost

Substack's fundraising email, absent of any real financial information, reads like a cynical ploy and is not a good omen for the platform's longevity — Substack is desperate, huh? That's what I understand from their fundraising email, anyway. They're now hitting up retail investors …
Discussion:
On Substack, @mslopatto, @seangriffey, @matthewbelcher, @theannagat, @golikehellmachi, @moryan, @labuzamovies, @blackamazon, @caseyjohnston, @jowens510, @sokane1, @mekosoff, @paulstollery, TechCrunch, Bloomberg and Axios

Inside The Messenger's acquisition of Grid News, which came as a surprise to some Grid staff, who say they were told the startup had a two- to three-year runway — Grid News, a one-year-old start-up, shuttered this week after getting acquired by The Messenger, which launches next month.
Discussion:
@charlottetklein, @bgrueskin, @grahamstarr, @haleaziz, @jayrosen_nyu, @harrisonxjacobs, @chrisgeidner, @scottnover, @sarayasin, @imillhiser, @niemanlab and @mediaevan

Newly released Dominion court presentation slides show Fox News aired 2020 election conspiracies despite its fact-checking “Brain Room” deciding they were false — A presentation from Dominion Voting Systems show emails detailing the Fox News fact checks, which were released Wednesday …

The Texas Observer's publisher says the 68-year-old outlet will keep publishing after staff crowdfund $300K+ and the board votes unanimously to rescind layoffs — The crusading liberal magazine had planned to lay off its staff after its nonprofit board voted to shut down. But it reversed course on Wednesday.

Sources detail the tensions between Tucker Carlson and Suzanne Scott, as Carlson is unaccountable to leadership and operates in his own fiefdom at the network — As Fox News finds itself beset by an internal crisis fueled by Dominion's $1.6 billion defamation suit, long-simmering tensions …
Discussion:
New York Magazine, CNN, @oliverdarcy, @joeofthenorth, @aidnmclaughlin, @semaforben, @juliewestfall, @sulliview and The Wrap

The YES Network, which airs New York Yankees, Brooklyn Nets, and New York Liberty games, launches a streaming service for $24.99/month in its regional territory — The Yankee Entertainment and Sports (YES) Network, a regional channel that broadcasts games from the New York Yankees …
Discussion:
CNBC, CNET, Sportico, The Desk, Next TV, Awful Announcing, @tvgrimreaper, @frankpallotta, The Streamable, Light Reading, New York Post and Cord Cutters News

The UK publishes its draft Media Bill that could see Netflix, Disney+, and other US streamers fined up to £250K for breaking harmful material rules under Ofcom — The UK government has published its long-awaited draft Media Bill to bring the U.S. streamers under its regulatory framework …
Discussion:
Financial Times, RadioInfo Australia, @deepbagchee, @sanjayjha, @perezhilton, Variety, Reuters, GOV.UK and The Guardian, more at Techmeme »

Docs: investments in 4chan include $800K from owner Hiroyuki Nishimura, $4.8M from his company, and $2.4M from Tokyo-based Good Smile, which makes Disney toys — Documents obtained by WIRED confirm that Good Smile, which licenses toy production for Disney, was an investor in the controversial image board.
Discussion:
Gizmodo, @egavactip and @jtemperton, more at Techmeme »

Google launches an Ads Transparency Center, showing all the ads from verified advertisers on its platforms, in the formats, the regions, and the dates they ran — Users will be able to search all ads on the platform within 30 days of them running. … Get out your library cards and pay those late fees: Google is playing librarian.