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5:25 PM ET, December 27, 2024

Mediagazer

 Top News: 
Benjamin Mullin / New York Times:
Richard Parsons, who had a long career as chairman, CEO, and as a board member of media companies including CBS and Time Warner, died at 76 of bone cancer  —  Mr. Parsons's lengthy résumé is a catalog of corporate emergencies at Time Warner, Citigroup and the Los Angeles Clippers.
Greg Stohr / Bloomberg:
Filing: Trump asks SCOTUS to pause the law that could ban TikTok, saying the court should give him time to “pursue a political resolution” of the dispute  —  President-elect Donald Trump asked the US Supreme Court to pause a law that would ban the TikTok social media platform …
RELATED:
Todd Spangler / Variety:
Eight free-speech groups, including the EFF, and three members of Congress file briefs with SCOTUS in support of TikTok's appeal against the divest-or-ban law  —  Groups alleging China's government has engaged in human-rights violations argue U.S. Constitution does not protect TikTok as “an unregistered foreign agent”
Rick Porter / The Hollywood Reporter:
Nielsen: the NFL's two Christmas Day games that streamed on Netflix averaged 24.2M US viewers, peaking at 27M for Beyoncé's Ravens-Texans halftime show  —  The NBA's annual Christmas showcase also grows substantially, with all five games up year to year.
RELATED:
Richard Deitsch / New York Times:
Netflix's first livestream of NFL games avoided major buffering and freezing issues that plagued the Tyson-Paul fight for the most part, after early glitches  —  If you believe in omens, Netflix appeared to be in for a very long day on Wednesday.  As the streaming giant began …
New York Times:
Sources: after Trump's election win, NPR is preparing for a variety of funding possibilities, including that government money will be clawed back immediately  —  Republicans in Congress have tried to defund public media for decades.  With the help of Elon Musk, could they finally make good on their threat?
Youkyung Lee / Bloomberg:
Shares of South Korean entertainment companies related to Squid Game drop 20%+ following a less-than-perfect debut for the new season of the series on Netflix  —  - Some reviews for blockbuster's second season are not great  — Shares of actor Lee Jung-jae's firm Artist United sink 30%
Associated Press:
Survey of 1,251 US adults: 65% feel the need to limit news consumption about politics and government due to fatigue and information overload  —  As a Democrat who immersed himself in political news during the presidential campaign, Ziad Aunallah has much in common with many Americans since the election.
Deadline:
How Apple TV+, Disney+, Max, Netflix, Paramount+, Peacock, and Prime Video fared in 2024, and their challenges and growth outlook for 2025  —  The company says engagement time, operating profit and revenue offer better gauges of performance, calling the subscription tally “just one component of our growth.”
Discussion: Benzinga and The Streamable
Emma Bubola / New York Times:
Italy says Cecilia Sala, an Italian journalist for the newspaper Il Foglio, was arrested in Iran on Dec. 19; the reason for the arrest has not been made public  —  Cecilia Sala, 29, was arrested on Dec. 19, but news of her detention only became public on Friday.
Reuters:
Palestinian sources say an Israeli airstrike killed five journalists from Al-Quds Today; the Israeli military called the five “operatives posing as journalists”  —  Gaza authorities said an Israeli airstrike killed five Palestinian journalists in a vehicle outside a hospital …
Jeremy Barr / Washington Post:
CNN hopes its paywall can offset some of the losses from its TV business, after seeing a 45% drop in prime-time viewership since the November 5 election  —  With traditional viewership on a decline, the cable news network leans into its strong digital presence as it heads into uncertain times covering the second Trump administration.
 
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 More News: 
Marshall Cohen / CNN:
Source: Smartmatic has asked a probate court to turn over sealed documents from the Murdoch succession battle that may bolster its defamation suit against Fox
Inside Radio:
iHeart reduces its total debt by over $440M and extends most of its debt maturities by three years, by using debt exchange transactions
Discussion: Radio Ink, Business Wire and Billboard
Reuters:
Maoyan: China's Christmas Eve box office revenue hit its lowest point in at least 13 years at only $5.26M, less than 25% of 2023's $23.37M
Discussion: Bloomberg
BBC:
The BBC says Gavin & Stacey: The Finale topped UK Christmas Day overnight ratings with 12.3M viewers, and its shows were the top 10 most-watched of the day
 Earlier Picks: 
Washington Post:
How NewsGuard, which attained “sustainable profitability” six years after its launch, became a prime target of the GOP's battle against disinformation watchdogs
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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