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11:35 AM ET, January 4, 2024

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 Top News: 
Sara Fischer / Axios:
Sources: The Messenger is seeking to raise around $20M amid layoffs and financial struggles; it launched in 2023 after a $50M raise  —  Digital news start up The Messenger is seeking to raise around $20 million amid layoffs and financial struggles, sources tell Axios.
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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
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
Bloomberg:
Sources: TikTok aims to grow TikTok Shop US' merchandise volume tenfold to $17.5B in 2024 and plans to increase merchant fees to 6% of each sale in April 2024  —  - ByteDance's video app is fast expanding beyond advertising … The 2024 merchandise volume goal for the US version of TikTok Shop …
Michael M. Grynbaum / New York Times:
RedBird IMI invests in Media Res, the independent studio behind “The Morning Show”; Jeff Zucker plans to take a seat on the studio's board  —  The former CNN president will return to Hollywood by investing in the studio behind streaming hits like “The Morning Show” on Apple TV+.
Brian Steinberg / Variety:
GroupM forms a consortium with Disney, Roku, NBCU, YouTube, and others to push for standardized measurements and ad formats that can be used across streamers  —  One of the nation's biggest investors of ad dollars wants to push big large streamers to work together when it comes to commercials.
Discussion: Adweek, Ad Age, Next TV, Deadline and GroupM
Spencer Soper / Bloomberg:
BOA analysis: Amazon's video ad push will boost annual revenue by up to $5B, comprising $3B in video ad sales and $1.8B in Prime users paying to avoid ads  —  - Subscribers can pay extra $3 per month for ad-free streaming  —  Amazon.com Inc.'s push into video advertising will boost annual revenue …
Agence France-Presse:
Tunisian authorities arrest Al Jazeera reporter Samir Sassi, one week after the arrest of Tunisian journalist Zied el-Heni, who criticized a minister  —  Samir Sassi joins growing number of journalists imprisoned and prosecuted in country  —  Tunisian authorities have arrested an Al Jazeera reporter …
Discussion: IFJ
Aditya Kalra / Reuters:
Sources: Disney and Reliance executives signed a non-binding term sheet in December and both have hired law firms to do antitrust due diligence for their merger  —  Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS) and Walt Disney (DIS.N) have appointed law firms …
Discussion: Variety and Wall Street Journal
Kari Paul / The Guardian:
Q&A with Jacob Bakkila, who ran the popular @Horse_ebooks Twitter account for two years, on the inspiration for the language bot, AI chatbots, and more  —  By reusing and repurposing existing writing into viral fragments on Twitter, the account functioned like today's chatbots.
 
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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