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☆ New York Times journalists will stage historic 24-hour strike after management and union fail to reach deal
▼ + stars: | 2022-12-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

An executive at The Times, who requested anonymity to speak candidly, acknowledged to CNN on Wednesday that the work stoppage would certainly create difficulties. Joe Kahn, executive editor of The Times, said in a note to staff, “We will produce a robust report on Thursday. “We’re asking readers to not engage in any [New York Times] platforms tomorrow and stand with us on the digital picket line!,” Amanda Hess, a critic-at-large for the newspaper, wrote on Twitter. And we need productive negotiations to get to a deal.”Susan DeCarava, president of the NewsGuild of New York, said in response, “Union democracy is crucial to union power. “When Times management comes to the bargaining table with their insulting and disrespectful offers, they have to explain it to a room full of their own employees—and they hate it.

☆ New York Times journalists stage historic 24-hour strike after management and union fail to reach deal
▼ + stars: | 2022-12-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

Stacy Cowley holds a sign outside the New York Times building in Manhattan, New York, U.S., December 8, 2022. Joe Kahn, executive editor of The Times, said in a note to staff, “We will produce a robust report on Thursday. “We’re asking readers to not engage in any [New York Times] platforms tomorrow and stand with us on the digital picket line!,” Amanda Hess, a critic-at-large for the newspaper, wrote on Twitter. New York Times reporter Nikole Hannah-Jones speaks outside the Times' office, Thursday, Dec. 8, 2022, in New York. “When Times management comes to the bargaining table with their insulting and disrespectful offers, they have to explain it to a room full of their own employees—and they hate it.

☆ We think Alphabet is very well positioned right now, says Oppenheimer's Helfstein
▼ + stars: | 2022-12-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe think Alphabet is very well positioned right now, says Oppenheimer's HelfsteinJason Helfstein, Oppenheimer head of internet research, joins 'TechCheck' to discuss how he's processing comments from the media industry, recent news from the European Union and what the next revolution for digital advertising will be.

In this article DIS Follow your favorite stocks CREATE FREE ACCOUNTBob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBCDisney reappointed Bob Iger as its chief executive recently, abruptly replacing his hand-picked successor Bob Chapek, and giving Iger an early goal — find a new replacement during the next two years. Iger's attention has quickly turned to the other part of his mandate from the board — the immediate challenges facing Disney's business, such as the company's reorganization, cost structure and the future growth of its streaming business. He is the chairman of Disney's studio content and spearheaded the integration of Iger's acquisitions into Disney's overall content pipeline. D'Amaro is head of Disney's parks, experiences and products, the same position Chapek held before becoming CEO. Rebecca Campbell, who's currently in charge of Disney's international content and operations, is another candidate that Iger may favor, people familiar with the matter said.

☆ Bob Iger’s biggest challenge at Disney: Finding the next Bob Iger
▼ + stars: | 2022-11-30 | by ( Frank Pallotta | ) edition.cnn.com time to read: +5 min

New York CNN Business —Bob Iger has a lot on his to do list in his second round as Disney’s CEO. Finding the next Bob Iger. Josh D’AmaroLet’s start with Josh D’Amaro, chairman of Disney’s Parks, Experiences and Products, who took over that role from Chapek when he became CEO. Jimmy Pitaro & Dana WaldenThere also are two executives from Disney’s TV side: Jimmy Pitaro, chairman of ESPN and Sports Content, and Dana Walden, chairman of Disney General Entertainment Content. The next Bob IgerIs it even possible to replace Bob Iger?

☆ 21 Warner Bros. Discovery streaming and content vets who are on the market after layoffs
▼ + stars: | 2022-11-30 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +2 min

A slew of top content and streaming executives exited WarnerMedia after its merger with Discovery. Insider identified 21 respected film, TV, digital, and sales pros who are free agents. They're ones to watch as the media industry continues to figure out its streaming future. Sign up for our newsletter to get the news, trends and strategies that advertising and media pros want to know — delivered weekly to your inbox. The first execs to exit in April were Jason Kilar, CEO of WarnerMedia, Warner Bros. CEO Ann Sarnoff, and other C-suite leaders reporting to them.

The Congressional Hispanic Caucus on Monday nominated dozens of Latino musicians to the Library of Congress' National Recording Registry in an effort to increase Latino representation. "Latinos are nearly 20% of the US and widely bilingual — but of the 600 titles in the Recording Registry, less than 4% are from Latino artists," Rep. Joaquin Castro, D-Texas, wrote on Twitter. “I want for the contributions of our musicians to be recognized and celebrated in the way that they deserve, because they have made a mark in America,” Castro told Axios in an interview. The National Recording Registry at the Library of Congress chooses 25 recordings each year to showcase the range and diversity of American recorded sound and to increase preservation awareness for future generations. Since the deadline for public nominations for the 2023 registry has passed, the National Recording Preservation Board will work with Castro to consider nominations, Steve Leggett, the board's program director, told Axios.

☆ Deep cuts at AMC Networks signals turbulent time for media industry
▼ + stars: | 2022-11-29 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

The cuts, first reported by The Wall Street Journal, will amount to 20% of its US workforce, which is roughly 1,700 employees, AMC said. “At the same time we have seen the rise of direct to consumer streaming apps including our own AMC+. It was our belief that cord cutting losses would be offset by gains in streaming,” Dolan wrote. And the havoc being wreaked upon AMC Networks could foreshadow what is yet to come for others. “We’ve already seen layoffs and restructuring for a handful of companies,” Insider Intelligence principal analyst Paul Verna told CNN on Tuesday.

☆ 21 streaming and media free agents on the market after Warner Bros. Discovery layoffs
▼ + stars: | 2022-11-23 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +2 min

A slew of top content and streaming executivess exited WarnerMedia after its merger with Discovery. Insider identified 21 respected film, TV, digital, and sales pros who are free agents. They're ones to watch as the media industry continues to figure out its streaming future. Sign up for our newsletter to get the news, trends and strategies that advertising and media pros want to know — delivered weekly to your inbox. The first execs to exit in April were Jason Kilar, CEO of WarnerMedia, Warner Bros. CEO Ann Sarnoff, and other C-suite leaders reporting to them.

☆ Bob Chapek's Disney angered Scarlett Johansson, Florida's governor, and more in his two-plus years as CEO
▼ + stars: | 2022-11-21 | by ( Travis Clark | ) www.businessinsider.com time to read: +5 min

Disney announced Sunday that Bob Iger would return as CEO, replacing his successor Bob Chapek. Less than three years later, Chapek is out, and Iger, who led Disney through unprecedented success, is back in. By 2021, with theatrical attendance still rocky, Disney aimed to release some movies in theaters and, for a fee, onto Disney+ simultaneously. Star Scarlett Johansson sued Disney, claiming the move breached her contract, as her salary was based on a portion of box-office earnings. It also led to creatives speaking out on the lack of LGBTQ+ representation in Disney movies.

☆ Can Bob Iger fix Disney?
▼ + stars: | 2022-11-21 | by ( Frank Pallotta | ) edition.cnn.com time to read: +8 min

But If anyone can bring back the magic to the Walt Disney Company, the company believes Bob Iger may be uniquely qualified to do it. StreamingIn a shocking move, Bob Iger is returning as Disney's CEO. Disney’s streaming service — which includes ESPN+, Hulu and most importantly, Disney+ — had been the most vital part of the company’s vast media kingdom. In its statement reintroducing Iger as CEO, Disney said he was “uniquely situated to lead the company through this pivotal period.”Iger was instrumental in forming the modern Disney. With the media industry in turmoil, Disney hope Iger is up to the tall task of righting its ship.

☆ Bob Iger named Disney CEO in shocking development
▼ + stars: | 2022-11-20 | by ( Frank Pallotta | ) edition.cnn.com time to read: +1 min

CNN Business —In a move that shocked Hollywood, Bob Iger, one of the most notable CEOs in the history of the Walt Disney company, is returning to run the media empire. Bob Chapek, who replaced Iger in 2020 as CEO, is stepping down immediately. Iger has an almost mythical status as the leader of Disney. He spent 15 years as CEO and was instrumental in acquiring major brands like Marvel and Lucasfilm, the home to Star Wars. Iger also kicked off the streaming revolution at Disney with the creation of Disney+ in November 2019.

☆ Check out the pitch document martech startup Primer used to raise $12 million from Elon Musk's top advisor, Salesforce Ventures, and others
▼ + stars: | 2022-11-16 | by ( Elizabeth Pham Janowski | ) www.businessinsider.com time to read: +3 min

Marketing tech startup Primer wants to help business-to-business marketers make sense of fragmented data sources. The company just raised a $12 million Series A round, led by Craft Ventures. Primer's tools allow marketers to apply filters across all these datasets to search for more targeted audiences. With Primer's tools, companies are able to hone in on hyper-specific audiences — like women founders with stores on Shopify, or brand managers who work in the media industry. Scroll down for key slides from the Notion document that Primer used to raise its funds.

☆ Paramount Global shares jump after Warren Buffett's Berkshire Hathaway increases stake
▼ + stars: | 2022-11-15 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Paramount Global 's stock got a boost Tuesday after Warren Buffett's Berkshire Hathaway upped its stake, a fresh signal that the media and entertainment company could be an acquisition target. Berkshire disclosed in public filings late Monday that it now owns more than 91 million shares in Paramount. Buffett's firm first disclosed its new stake in Paramount in May. Paramount is controlled through its class A shares by National Amusements, chairman Shari Redstone's holding company. Paramount owns "Top Gun: Maverick" movie studio Paramount Pictures, as well as the broadcast network CBS, cable channels including MTV and VH1, the premium network Showtime, and fledgling streaming service Paramount+.

Elon Musk seems determined to remake Twitter in his own image — with some help from the men in his trusted inner circle. They are joined in Musk’s orbit by Alex Spiro, a trial attorney with a roster of celebrity clients who reportedly led the first round of Twitter layoffs. Bloomberg reported Wednesday night that Twitter is preparing to eliminate about 3,700 jobs, or roughly half its workforce. Musk's personnel decisions suggest a possible road map for the future of Twitter, one in which policies and internal rules are drawn at least in part from the views of Musk’s consiglieres. Sacks, Calacanis, Spiro and Birchall did not immediately respond to questions about the company’s future and the nature of their roles there.

☆ How a media executive you've never heard of brokered one of the most consequential deals in Hollywood — and brought us 'Seinfeld'
▼ + stars: | 2022-11-04 | by ( Jane Biondi Munna | ) www.businessinsider.com time to read: +9 min

In a new book, Jane Biondi Munna recounts highlights from her father Frank Biondi's career. In a new book, Biondi's daughter, Jane Biondi Munna, recorded and compiled the story of his career. The author, Jane Biondi Munna, and her late father, Frank Biondi. Apparently some guy, some comedy writer, was living in his car — actually living in his car — when he sold the show to Castle Rock, and Castle Rock sold it to NBC. From LET'S BE FRANK: A Daughter's Tribute to Her Father, The Media Mogul You've Never Heard of by Jane Biondi Munna.

It isn’t clear yet who will succeed Mr. Segal as CFO. Twitter and Mr. Musk on Friday didn’t respond to requests for comment. Mr. Segal on Friday tweeted that “the work isn’t complete,” referring to Twitter’s ambition to build “the world’s townsquare.” Mr. Segal didn’t respond to a request for additional comment. Mr. Musk has said buying Twitter would accelerate his creation of an app that combines the capabilities of several apps in one. The future executives that Mr. Musk installs will have to share his vision for Twitter, Mr. Ives said, and prepare to support growth initiatives that will take years to build.

☆ Judge dismisses suit alleging TikTok ‘blackout challenge’ caused girl’s death
▼ + stars: | 2022-10-26 | by ( Angela Yang | Angela Yang Is An Intern For Nbc News Digital. | ) www.nbcnews.com time to read: +4 min

A federal judge on Tuesday dismissed a wrongful death lawsuit that claimed TikTok was responsible for the death of a 10-year-old who took part in the so-called Blackout Challenge. The challenge, which encourages participants to choke themselves until they pass out, had appeared on the child’s TikTok For You Page, according to court documents. The lawsuit was among several that have been filed related to the Blackout Challenge in the last year. In July, the families of two young girls also sued TikTok after their children, aged 8 and 9, died of self-strangulation while participating in the Blackout Challenge. A TikTok spokesperson told NBC News that the challenge had never trended on the platform and predates the app’s existence.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. A strong dollar has hurt the overseas profits of large firms, while soaring inflation has prompted interest rate hikes and companies to raise product prices, even as consumers have been forced to cut spending. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Last week, its smaller rival Snap Inc (SNAP.N) forecast no revenue growth for the holiday quarter, setting off warning bells in the social media industry. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Microsoft fell 2% and chipmaker Texas Instruments , which forecast quarterly revenue and profit below estimates, was down 5%. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%. "During the quarter we experienced expected weakness in personal electronics and expanding weakness across industrial," said TI boss Rich Templeton.

Oct 26 (Reuters) - TikTok Inc won dismissal of a lawsuit accusing it of causing the death of a 10-year-old girl by promoting a deadly "blackout challenge" that encouraged people to choke themselves on its video-based social media platform. U.S. District Judge Paul Diamond in Philadelphia ruled Tuesday that the company was immune from the lawsuit under a part of the federal Communications Decency Act that shields publishers of others' work. Jeffrey Goodman, a lawyer for the girl's mother, Tawainna Anderson, said in a statement that the family would "continue to fight to make social media safe so that no other child is killed by the reckless behavior of the social media industry." Anderson sued TikTok and its Chinese parent company ByteDance Inc in May, saying the company's algorithm showed her daughter, Nylah Anderson, a video suggesting the blackout challenge. In December 2021, Nylah attempted the blackout challenge using a purse strap hung in her mother's closet, losing consciousness and suffering severe injuries, according to the lawsuit.

☆ Flying taxis, robotic avatars and holograms — Saudi Arabia pushes ahead with its sci-fi city vision
▼ + stars: | 2022-10-25 | by ( Emma Procter | ) www.cnbc.com time to read: +6 min

The future Site of the city Neom, a planned cross-border city, stands empty before development begins in the Tabuk Province of northwestern Saudi Arabia, December 18, 2019. NEOM political map of the 500 billion dollar megacity project in Saudi Arabia along the Red Sea coast. Granger's firm has been working closely with Neom and she believes the view of Saudi Arabia among the business community has changed inexorably. The aim is to transform and grow the kingdom's media industry — another key focus of the Vision 2030 plan. Visitors watch a 3D presentation during an exhibition on 'Neom', a new business and industrial city, in Riyadh, Saudi Arabia, October 25, 2017.

☆ 'Turkey has long been hell for journalists': Reporters slam country's new 'fake news' law
▼ + stars: | 2022-10-21 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

Turkey currently ranks 149 out of 180 countries in the world press freedom index, with 90% of national media under government control, according to international non-profit organization Reporters Without Borders. Seven years ago, Sevgi Akarcesme reported on a series of police raids on Turkey's media industry, which left a trail of newsrooms being shut down one by one — until the time for her own outlet came. Turkey's Parliament last week ratified a law introducing jail terms for journalists and social media users who spread "fake news," or disinformation. The law, proposed by President Recep Tayyip Erdogan's ruling AK Party, comes eight months before the country's general election. "With this new law … the goal is to control social media because conventional media is already under Erdogan's control," said Akarcesme.

☆ The CEO of Barry Diller's IAC says Netflix with ads will be a double blow to network TV revenue: 'Now they're losing audience and losing scarcity.'
▼ + stars: | 2022-10-20 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +4 min

The growth of ad-supported streaming at scale is set to challenge the $60 billion TV ad business. One top internet executive, IAC CEO Joey Levin, says Netflix will destroy networks' scarcity argument. Wall Street also is waiting to see if Netflix draws ad dollars from social media or TV. Traditional TV networks are about to lose one of their main arguments for charging big rates for ads. Netflix's arrival on Madison Avenue next year is going to erode the hugely lucrative TV ad business, said Levin, who spoke with Insider in September.

☆ Virgin Fibra to bundle fast Internet with video streaming in Italy
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

MILAN, Oct 18 (Reuters) - Virgin Fibra, a start-up firm backed by the group founded by British billionaire Richard Branson, will add video streaming services to its newly-launched fast fibre offer in Italy, its chief said on Tuesday. Led by telecoms and media industry veteran Tom Mockridge, Virgin Fibra, which started marketing its services in August, now offers ultrafast connectivity services at a reduced monthly price of 26 euros ($25.66). "We will partner with the streaming hubs but we are not a business that is creating our own content. There are some fantastic choices of streaming apps," Mockridge said during a press briefing in Milan to present the new venture. Similarly to Sky and Iliad, Virgin Fibra partnered with state-backed fibre-optic operator Open Fiber's to launch fast-connectivity services in Italy.

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