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5:15 PM ET, December 1, 2023

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 Top News: 
Siddharth Cavale / Reuters:
Walmart says it is not advertising on X “as we've found other platforms to better reach our customers”  —  Walmart (WMT.N) said on Friday it is not advertising on social media platform X, the latest brand to say it has dropped the Elon Musk-owned site.
RELATED:
Financial Times:
X accelerates its plan to attract ad spending by SMBs, including outsourcing some ad sales to third parties, such as US-based marketing startup JumpCrew  —  Social media site accelerates plan to attract small businesses as billionaire owner battles big brands
New York Times:
Some marketing agencies say their brands don't plan to return to advertising on X while others advise brands to stop posting on X, after Elon Musk's comments  —  Elon Musk, the owner of X, criticized advertisers with expletives on Wednesday at The New York Times's DealBook Summit.
Jessica Toonkel / Wall Street Journal:
Sources: Apple and Paramount have discussed an Apple TV+ and Paramount+ bundle that would cost less than subscribing to both streaming services separately  —  Streamers are increasingly joining with rivals to offer bundles that help attract and keep subscribers
Kyodo News:
Sources: South China Morning Post reporter Minnie Chan has gone missing after visiting Beijing to cover a forum in October; SCMP says she's “on personal leave”  —  An award-winning reporter from Hong Kong has gone missing following a business trip to China in late October …
Taylor Lorenz / Washington Post:
Business Insider faces criticism after promoting a story about a female founder in a well-known “snark” subreddit notorious for harassment against women  —  But with thousands of subreddits, where exactly news sites should promote their work presents a dilemma
RELATED:
Michael Geist:
A close look at Canada's Google deal under Bill C-18: most of the CA$100M likely will go to big broadcasters and existing deals will be rolled into the payment
Mike Nelson / The Streamable:
Tegna's TV stations, which reach ~39% of households across the US, go dark on DirecTV after DirecTV and Tegna failed to renew their recent three year agreement  —  TEGNA stations reach approximately 39% of households across the nation  —  In a notable escalation in the broadcasting industry …
Aditya Kalra / Reuters:
Sources: Netflix, Viacom18, and other streamers plan to collectively lobby India to delay or revamp a bill that would set up content evaluation committees  —  Netflix (NFLX.O), billionaire Mukesh Ambani's Viacom18 and other streaming companies plan to collectively lobby the Indian government …
Discussion: ScreenRant
Etan Vlessing / The Hollywood Reporter:
Sources: Hasbro's EOne cuts 10% of its workforce ahead of the closing of its sale to Lionsgate, likely by the end of 2023; eOne cut 20% of staff in June 2023  —  The latest cost-cutting at the studio comes ahead of a $500 million deal for the Hasbro film and TV unit to be sold to the Hollywood studio …
Discussion: Variety and Deadline
Max Goldbart / Deadline:
Viaplay is selling its UK business back to Premier Sports, just a year after acquiring it for £30M, and plans to exit the Baltics and Poland by summer 2025  —  Viaplay has sold its UK business back to Premier Sports and revealed “the renegotiation of credit arrangements and the proposed injection …
Alex Weprin / The Hollywood Reporter:
Meta's and YouTube's use of celebrities' likenesses for AI chatbots and songs raises tough questions about identity, IP, compensation, safeguards, and licensing  —  Meta and YouTube are looking to Demi Lovato, Tom Brady and other A-listers to mainstream the technology — flawed guardrails and all.
more at Techmeme »
 
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 More News: 
Emma Nelson / Star Tribune:
Minnesota's Star Tribune hires Aron Pilhofer, who co-founded DocumentCloud, Hacks/Hackers, and Tiny News Collective, as chief product officer
Reuters:
A US district judge issues a preliminary injunction blocking Montana's first-of-its-kind state ban on TikTok from taking effect on January 1, 2024
 Earlier Picks: 
Sarah Scire / Nieman Lab:
Some digital outlets are employing full-time cartoonists, as newspapers increasingly cut the role; there were fewer than 30 newspaper cartoonists in 2021
Max Tani / @maxwelltani:
Internal email: Vox is laying off staff and “tightening our editorial focus”; an all-staff meeting is planned December 1 to discuss the changes
Todd Spangler / Variety:
Disney says former Marvel Entertainment chairman Ike Perlmutter, who is working with Nelson Peltz, has a “longstanding personal agenda” against Bob Iger
Michael M. Grynbaum / New York Times:
The UK opens a review into whether Jeff Zucker's bid for The Telegraph, using ~$1B in Emirati money, could result in adverse foreign influence over the UK press
 

 
From Techmeme:

Jason Schreier / Bloomberg:
Sources: after closing several video game studios, Microsoft plans more cuts, as the massive Activision acquisition has ramped up scrutiny on the Xbox division

Wall Street Journal:
Binance sources and docs: an internal investigator, dismissed in late 2023, found evidence of secret internal trading accounts and DWF Labs' market manipulation

Wall Street Journal:
In a blog post, Neuralink details a problem with its implant in patient Noland Arbaugh's brain that reduced data collection after the implant's threads came out
 
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