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5:20 PM ET, January 3, 2024

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 Top News: 
RELATED:
Michael Flaherty / Axios:
Hedge funds vie for power at Disney: ValueAct supports Disney's board slate, Trian and Ancora support Nelson Peltz, and Blackwells pushes other board candidates  —  Trian, ValueAct, Ancora and Blackwells — it's a fight within a fight. … ValueAct, in turn, said it would support Disney's slate of directors.
Ben Scent / Bloomberg:
Disney signs a confidentiality agreement to share information with shareholder ValueAct, which will support Disney's board nominees and consult with the company  —  ValueAct Chief Investment Officer Mason Morfit said in the statement that Disney has the best intellectual property …
Max Tani / Semafor:
Sources: The Messenger's board weighed shutting the site down, at a December 29 meeting, and Jimmy Finkelstein has expressed a willingness to sell the site  —  The Scoop  —  The board of the startup news organization The Messenger weighed shutting the publication down at a meeting on Friday …
RELATED:
Benjamin Mullin / New York Times:
Source: The Messenger is expected to lay off roughly two dozen out of ~300 employees this week; the company says it is “in the midst of a second-round raise”
Brian Steinberg / Variety:
Athan Stephanopoulos plans to leave as CNN's chief digital officer at the end of January, the second turnover of digital executives at CNN since WBD took over  —  Athan Stephanopoulos will leave his role as chief digital officer of CNN as the news outlet's new chief starts to implement …
Charlotte Tobitt / Press Gazette:
The UK Editors' Code of Practice Committee rejects calls to extend the discrimination clause in the code to cover Jews, Muslims, those with ADHD, and others  —  Leading editors have rejected new calls to extend the discrimination clause of the Editors' Code of Practice to cover groups.
Aleks Chan / The Guardian:
The Guardian US raised $2.2M in its 2023 year-end fundraiser, up 25% from the previous record and the most successful raise since its first appeal six years ago  —  The Guardian US had its most successful end of year fundraiser ever, raising more than $2m to support our journalism in 2024
Christopher Williams / Telegraph:
Sources: The Telegraph delays its restructuring until January 31, after UK officials asked to wait until Ofcom reviews RedBird IMI's takeover  —  ‘Hive down’ delayed until after Ofcom delivers review of Abu Dhabi-backed takeover  —  A corporate restructuring of The Telegraph viewed …
Discussion: @pressgazette
Ray Schultz / MediaPost:
Quebec City's Le Soleil newspaper, founded in 1896, ends its print edition, going fully digital; the newspaper started printing on Saturdays only in March 2020  —  Le Soleil, a newspaper based in Quebec City, has published its last print edition and is now going entirely digital.
Discussion: CBC News
 
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 More News: 
Casey Newton / Platformer:
Casey Newton says Platformer will meet with Substack, hoping Substack will remove pro-Nazi content, and Platformer plans to leave if Substack fails to do so
Sarah Krouse / Wall Street Journal:
Antenna: 6.3% of US customers cancelled major streaming services in November 2023, up from 5.1% YoY; 24% canceled three or more services over the past two years
Joe Mandese / MediaPost:
Omnicom closes its $900M acquisition of Flywheel Digital from Ascential; ex-Ascential CEO Duncan Painter will lead Flywheel as a practice area within Omnicom
Discussion: Digiday and PR Newswire
 Earlier Picks: 
Ben Jiang / South China Morning Post:
A look at the rise of mini TV series, typically 100+ one-to-five-minute episodes, with the first ~10 free to watch, on Chinese short video platforms like Douyin
Kelly Garrity / Politico:
Donald Trump plans to forgo the CNN's GOP primary debate in favor of a town hall on Fox moderated by Fox anchors Bret Baier and Martha MacCallum
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January

The Linux Foundation:
A survey of 501 organizations globally estimates organizations contribute $7.7B annually to open source software and 86% of contribution value is employee labor
 
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