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10:50 AM ET, December 12, 2024

Mediagazer

 Top News: 
Brian Steinberg / Variety:
Warner Bros. Discovery announces a restructuring to create two separate units: one for linear TV networks and one for production studios and streaming platforms  —  The maneuver was unveiled just days after Comcast said it planned to spin off the bulk of its NBCUniversal cable networks …
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Brian Stelter / CNN:
Warner Bros. Discovery's shares jump 13%+ after the company announced a restructuring that is expected to take effect by mid-2025  —  Warner Bros. Discovery, CNN's corporate parent, announced Thursday, it is establishing a new corporate structure that splits its cable networks off from its growing streaming business.
Discussion: Adweek, @mediaevan and @lucas_shaw
Benjamin Mullin / New York Times:
BuzzFeed reaches a deal to sell Hot Ones owner First We Feast for $82.5M in cash to a consortium of investors led by an affiliate of Soros Fund Management  —  The sale, to a group that includes the show's host, Sean Evans, and Soros Fund Management, will allow BuzzFeed to pay down tens of millions of dollars in debt.
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Todd Spangler / Variety:
BuzzFeed says selling First We Feast will cut its outstanding debt by $89M to $30M and let it operate with a cash balance larger than its total outstanding debt  —  “Hot Ones” is going solo.  —  BuzzFeed announced a deal to sell First We Feast, the studio behind the popular YouTube chicken …
Costas Pitas / Reuters:
Donald Trump picks former news anchor and hardline Republican Kari Lake to be the director of US government-funded media outlet Voice of America  —  U.S. President-elect Donald Trump on Wednesday said he was picking Kari Lake, a former news anchor and a hardline Republican who failed to win …
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Katie Robertson / New York Times:
The NYT Tech Guild and its 600+ members reach a tentative deal with management on a contract enhancing job security, setting flexible hybrid schedules, and more  —  The union, which represents some 600 tech workers at the publication, had been negotiating for a contract for more than two years.
The Guardian:
Guardian and Observer journalists hold a second 48-hour strike against The Observer sale to Tortoise Media; the Scott Trust has agreed to the sale in principle  —  Second two-day action follows news that the deal was agreed in principle last week by the Scott Trust
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Jessica Toonkel / Wall Street Journal:
Current and former Netflix staff say the company has walked back its parental-leave benefits, after shifting its focus from subscriber growth to profitability  —  Employees worry the pullback and other new restrictions mean the entertainment giant is losing the identity that fueled its success
Matt Yoder / Awful Announcing:
YouTube is informing customers that monthly price for YouTube TV's base plan will jump from $73 to $83 in January 2025, after raising it from $65 to $73 in 2023  —  YouTube TV logo  —  Streaming services became a popular alternative to cable and satellite television because they were available …
Nic Fildes / Financial Times:
Australia plans a levy on tech companies like Meta with $250M+ in local revenue to force them to pay publishers for journalism, after Meta quit the prior deal  —  Move is designed to close loophole after Meta walked away from existing deal to use media content
Ken Klippenstein:
Slack messages: NYT editors tell reporters to “dial back” on using photos of alleged UnitedHealth gunman Luigi Mangione and to avoid publishing his “manifesto”  —  Times management directs staff to “dial back” Luigi Mangione headshots
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 More News: 
Brian Steinberg / Variety:
Nexstar Media, owner of NewsNation, The Hill, The CW, and local TV stations, plans layoffs that it says will affect less than 2% of its 13,000-member workforce
 Earlier Picks: 
Kurt Wilms / YouTube Official Blog:
YouTube says viewers globally streamed 1B+ hours of content daily on TVs in 2024, including 400M+ hours of podcasts monthly; sports content watchtime grew 30%+
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Meta unveils Meta Adventurer and Fury glasses, each priced at $299, its first under its own brand, and a $399 Starfire model in collaboration with Kylie Jenner

Zack Whittaker / TechCrunch:
Market intelligence company Klue confirms it has suffered a breach, for which cybercrime group Icarus takes credit; Jamf, HackerOne, and others are affected

Brian Krebs / Krebs on Security:
On the first day of their trial, two members of Scattered Spider plead guilty in the UK to charges stemming from a 2024 cyberattack on Transport for London
 
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