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10:50 AM ET, January 24, 2025

Mediagazer

 Top News: 
Benjamin Mullin / New York Times:
Mark Thompson previews CNN's paid streaming service, says CNN plans to launch a subscription in 2025 for “lifestyle” content, and cuts ~200 jobs in its TV unit  —  Mark Thompson has promised to reinvent CNN since he arrived in 2023.  Now, he is remaking the network's TV lineup and its work force.
RELATED:
Jake Kanter / Deadline:
In a statement to UK's Culture, Media, and Sport Committee, BBC says a funding crisis, caused by license fee cuts and more, is affecting multiple TV productions  —  The BBC has issued the starkest warning yet about the UK scripted funding crisis, telling lawmakers that multiple greenlit series are “stuck in limbo.”
Robert Channick / Chicago Tribune:
Chicago Public Media offers buyouts to Chicago Sun-Times journalists and WBEZ business staff; CEO Melissa Bell is aiming to shave $3M-$5M from the annual budget  —  Struggling with declining revenue in its groundbreaking nonprofit radio/newspaper model, Chicago Public Media is offering voluntary buyouts …
Adweek:
Newsweek generated $90M in revenue at a profit margin of 20% in 2024, up from $20M revenue in 2018; digital advertising made up 63% of revenue in 2024  —  The publisher has shaken off its legal woes and super-sized its reach  —  The general interest publisher Newsweek …
Daniel Thomas / Financial Times:
Len Blavatnik invests $827M in DAZN, bringing his total to $6.7B, as DAZN eyes Middle East funding to become the “Spotify of sport”  —  Commitment takes billionaire's investments in DAZN to more than $6.7bn since the streaming service was founded in 2016
Matthew Keys / The Desk:
Source: Allen Media Group reverses some of its plans to lay off 100+ local TV meteorologists and outsource regional weather forecasts to its Atlanta facilities  —  Allen Media Group has reversed some of its plans to lay off more than 100 local television meteorologists and outsource regional weather forecasts …
Charlotte Klein / New York Magazine:
David Remnick, editor of The New Yorker for over a quarter of a century, remains at work amid speculation over his potential successor as the magazine turns 100  —  Staffers of The New Yorker who go into the office, as Condé Nast now requires them to do, have noticed something different …
Discussion: Variety, Deadline and RedState
Brier Dudley / The Seattle Times:
Washington state legislators introduce a bill to provide journalism grants that would be funded by increasing a business tax surcharge on big software companies  —  {"uid":"1","hostPeerName":"https:// www.seattletimes.com","initialGeometry" :"{\"windowCoords_ t\":10,\"windowCoords_r\":1583 …
Etan Vlessing / The Hollywood Reporter:
Lionsgate renews its film licensing deal with Starz to bring ~20 studio films annually to Starz's services, ahead of the formal separation of the companies  —  The third installment of ‘Now You See Me,’ ‘Hunger Games: Sunrise on the Reaping,’ the Michael Jackson biopic and 'Ballerina …
Discussion: Deadline, TVNewsCheck and WORLD SCREEN
Ethan Shanfeld / Variety:
SAG-AFTRA says it has reached a tentative deal with Telemundo Television Studios to represent its Spanish-language TV performers through September 2028  —  Telemundo is the largest employer of Spanish-language talent in the United States.  If approved, the deal will cover the contract period from Oct. 1, 2024, to Sept. 30, 2028.
Discussion: The Wrap, TVNewsCheck and Deadline
Dade Hayes / Deadline:
Former Barstool Sports CEO Erika Ayers Badan joins Vice Media's board of directors; Vice Media launched a sports division in December 2024  —  Deadline was the first to report last December on the creation of a sports division at Vice, which has a number of unscripted projects in the pipeline.
Hannah Miller / Bloomberg:
Filing: Disney CEO Bob Iger's total pay rose by 30% YoY in FY 2024 to $41.1M, primarily as bigger stock and option awards and a bonus  —  Disney's CEO earned $41.1 million in the year that ended in September, up from $31.6 million in fiscal 2023, according to a filing Thursday.
Lauren Forristal / TechCrunch:
Substack launches Creator Accelerator Fund to lure US creators who already have $2K+ per month in recurring revenue away from other subscription-based platforms  —  Substack on Thursday announced the launch of its Creator Accelerator Fund, which provides a $20 million funding guarantee aimed …
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Katie Deighton / Wall Street Journal:
A look at growth of sponsorships and ads for independent newsletters on platforms like Substack and Beehiiv: rates, formats, and management tools vary widely
 
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 More News: 
Munir Ahmed / Associated Press:
Pakistan's parliament passes a controversial bill giving the government sweeping controls on social media, including prison terms for spreading “disinformation”
Rebecca Rubin / Variety:
Netflix scores big in Oscar nominations, as Emilia Pérez wins the most nominations for a film this year with 13; A24 received 14 nominations
Emma Roth / The Verge:
Comcast launches a $70/month “Sports & News TV” streaming bundle, featuring 50+ news and sports channels and access to Peacock, available to Xfinity customers
 Earlier Picks: 
Nicole Carroll / Poynter:
Arizona State University launches NEWSWELL, a nonprofit that acquires local news outlets to provide operational support, backed by a $5M Knight Foundation grant
Dade Hayes / Deadline:
Max and Starz launch a streaming bundle on Prime Video in the US, costing $20.99/month, about 25% less than subscribing to each service separately
Steven J. Horowitz / Variety:
Sean “Diddy” Combs files a defamation lawsuit against NewsNation parent Nexstar Media, a man who claims to have illicit tapes of Combs, and the man's attorney