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☆ Media insiders would often gossip about which anchor was about to leave Fox News. None of them guessed Tucker Carlson.
▼ + stars: | 2023-04-24 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

The Dominion lawsuit was an embarrassment to Fox, airing text messages the company would rather have kept private. Tucker Carlson's departure is a huge surprise. Like a plot twist in "Succession," the departure of Tucker Carlson from Fox News is one we didn't see coming. The news of Carlson's departure almost immediately wiped close to $1 billion off of Fox Corporation's market capitalization. Upon confirmation that Carlson had left Fox, veteran media reporter Sarah Ellison simply wrote: "Incredible."

New York CNN —CNN has parted ways with longtime host Don Lemon. “Don will forever be a part of the CNN family, and we thank him for his contributions over the past 17 years,” said CNN CEO Chris Licht in a memo to staff. In a statement of his own, Lemon said his agent told him Monday morning that CNN had terminated him. Prior to “CNN This Morning,” Lemon hosted the prime-time show “Don Lemon Tonight” for more than eight years. “When I make a mistake, I own it,” Lemon told staff during an editorial meeting.

☆ ‘South Park’ showdown animates streaming dilemma
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, April 21 (Reuters Breakingviews) - Paramount Global (PARA.O) and Warner Bros Discovery (WBD.O) bosses are fighting over “South Park” like the foul-mouthed cartoon fourth graders featured in the hit adult-oriented series. Paramount has countersued its rival to stream the program whose library Warner Bros Discovery bought for $500 million, along with the rights to new episodes, for its newly rebranded Max service. Not long ago, producers were keeping movies and shows to beef up their own streaming audiences. Paramount boss Bob Bakish and Warner Bros Discovery CEO David Zaslav both champion the idea of letting others carry the content for which their companies are paying so dearly to develop. These sorts of complicated dealings will only get tougher as the streaming wars get more cutthroat.

☆ BuzzFeed is shutting down its news arm and parting with 2 top executives
▼ + stars: | 2023-04-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

BuzzFeed News is shutting down as part of broader cuts at BuzzFeed that sent its stock price tumbling. The digital media company has struggled financially since its 2021 IPO. BuzzFeed is shutting down BuzzFeed News along with making layoffs of 15% in divisions across the organization, according to a memo shared with Insider. Two top BuzzFeed execs, Christian Baesler, COO, and Edgar Hernandez, CRO, are leaving the company as well. A handful of top execs from BuzzFeed's Complex Networks left as part of that round, including Complex's president, Justin Killion.

☆ BuzzFeed Shuts Down Its Namesake News Division
▼ + stars: | 2023-04-20 | by ( Benjamin Mullin | Katie Robertson | ) www.nytimes.com time to read: +1 min

BuzzFeed is shutting down its namesake news division, which won acclaim for its journalism but fell prey to the punishing economics of digital publishing that has laid low many of its peers. Jonah Peretti, BuzzFeed’s chief executive, said in an email to employees on Thursday that he was closing BuzzFeed News as part of a broader round of cuts at the company. About 60 people will be affected by the shuttering of the news division, some of whom will be offered jobs at other parts of the company. BuzzFeed’s decision is the latest in a series of financial setbacks faced by digital media companies. The media industry writ large has pivoted to focus on streaming, and digital advertising — a mainstay for digital publishing companies — is increasingly going to tech platforms such as Instagram and TikTok.

☆ Dominion isn’t Rupert Murdoch’s costliest legal defeat. Not even close
▼ + stars: | 2023-04-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +5 min

But for now, the price tag attached to the Dominion case isn’t the worst Fox chairman Rupert Murdoch has had to stomach. A phone hacking scandal involving Murdoch’s tabloid newspaper empire in the United Kingdom has proven much more costly over the past decade or so. It looked at legal fees and damages, as well as expenses tied to the subsequent restructuring of Murdoch’s UK media empire. The last big Murdoch legal fightThe editor of Murdoch’s News of the World and a private investigator were convicted of conspiracy to hack the voicemails of British royals in 2007. Britain’s Prince Harry and actor Hugh Grant are among those who have filed legal challenges against The Sun tied to phone hacking.

Fox agreed to a $787.5 million settlement with Dominion Voting Systems on Tuesday. But a senior media executive told Insider that insurance typically handles these types of payments. Fox Corp. had nearly $4.1 billion of cash on hand, according to comments made in February by company CEO Lachlan Murdoch. Fox Corp., which also owns assets such as the broadcast network and streamer Tubi, has a market capitalization of $17.61 billion as of Tuesday. In 2017, Fox also agreed to a $90 million "derivatives" settlement against company officers over sexual harassment issues at Fox News, according to Reuters.

☆ Nielsen Regains Key Media Accreditation
▼ + stars: | 2023-04-17 | by ( Megan Graham | ) www.wsj.com time to read: 1 min

Nielsen’s TV ratings provide audience estimates that networks use to sell commercial time and reassure advertisers they got what they paid. The media industry’s measurement watchdog, the Media Rating Council, said it voted to restore accreditation for Nielsen Holdings PLC’s national TV ratings service, which had been suspended since 2021. Nielsen has long been known for its U.S. TV ratings, which provide audience estimates that networks use to sell commercial time and reassure advertisers they got what they paid for, using a panel of households that let the company track what they watch. The MRC audits media-measurement products to instill confidence in their results, but pulled its accreditation of Nielsen’s national ratings after issues including pandemic-related undercounting of viewers.

☆ In renaming 'HBO Max,' Warner Bros. Discovery hedges its bets in streaming
▼ + stars: | 2023-04-15 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

Warner Bros. Discovery unveiled its new streaming service Wednesday, featuring a combination of programming from HBO Max and Discovery+. Discovery logo is displayed on a smartphone screen and in the background, the HBO Max and Discovery Plus logos. Those who want HBO already know where to find it, and HBO Max will simply morph into Max on most platforms. Warner Bros.

☆ Generative A.I. can disrupt the news media landscape, says Penske Media's Jay Penske
▼ + stars: | 2023-04-12 | 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 EmailGenerative A.I. can disrupt the news media landscape, says Penske Media's Jay PenskeCNBC's Andrew Ross Sorkin joins 'The Exchange' from Kiawah Island with George Pyne of Bruin Capital, and Jay Penske of Penske Media, to discuss sports team valuations, ChatGPT's influence on the media industry, and commoditizing intellectual property.

☆ Arkansas governor signs sweeping bill imposing a minimum age limit for social media usage
▼ + stars: | 2023-04-12 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

Sarah Huckabee Sanders has signed a sweeping bill imposing a minimum age limit for social media usage, in the latest example of states taking more aggressive steps intended to protect teens online. The legislation, known as the Social Media Safety Act and taking effect in September, is aimed at giving parents more control over their kids’ social media usage, according to lawmakers. It defines social media companies as any online forum that lets users create public profiles and interact with each other through digital content. The confusion over YouTube appears to stem from the carveout for businesses that offer cloud storage and that make less than 25% of their revenue from social media. “The purpose of this bill was to empower parents and protect kids from social media platforms, like Facebook, Instagram, TikTok and Snapchat,” Dees said in a statement.

☆ Hollywood writers hold strike vote Tuesday
▼ + stars: | 2023-04-11 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +3 min

New York CNN —The Writers Guild of America is set to hold a strike authorization vote on Tuesday. “The studios need to respond to the crisis writers face,” WGA leadership said in a message to members ahead of the vote. The last writers’ strike was in 2007 and lasted 100 days, bringing Hollywood production to a screeching halt. The WGA-AMPTP negotiation is the first of three contract negotiations with entertainment unions. The Screen Actors Guild contract also expires June 30.

☆ Harvard expert 'takes issue' with Mark Zuckerberg's Meta layoffs: Cutting jobs over email is 'absolutely horrific'
▼ + stars: | 2023-03-29 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

As Meta CEO Mark Zuckerberg plans to let go of 10,000 more workers in his company's latest round of layoffs, a Harvard University expert says she "takes issue" with the way some of them are being conducted — namely, over email. A bevy of ex-Meta employees have spoken with media outlets or posted on social media about getting laid off via email in recent weeks. Jennifer Haynes, a former Meta technical recruiter, filmed herself checking her email and learning that she'd been laid off in real time. On March 13, one day before Zuckerberg's layoffs announcement, a share of Meta stock was worth $180.90. This story has been updated to reflect that similar reports of recent layoffs though email have emerged from Amazon and Twitter.

☆ The digital media rollup dream is dead for the moment — now it's all about core brand strength
▼ + stars: | 2023-03-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

What's happening in the digital media space echoes trends from the biggest media companies, including Netflix , Disney and Warner Bros. The rollup dream's rise and fallFrom late 2018 to early 2022, the digital media industry had a shared goal. First, digital media companies needed more scale to compete with Facebook and Google for digital advertising dollars. Large legacy media companies such as Disney and Comcast 's NBCUniversal invested hundreds of millions in digital media in the early and mid-2010s. "The digital media rollup has proven successful only when assets are thoughtfully combined with an eye toward consumers," Goldberg said.

☆ Gap has quietly dissolved its advertising business. It shows the challenges companies have competing for the $45 billion retail media industry.
▼ + stars: | 2023-03-22 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Gap was hoping to tap into a lucrative new revenue stream called retail media, projected to be worth $45 billion in 2023, according to Insider Intelligence, Insider's sister company. Instead of GPS Media, Gap is devoting resources to support GPS Platform, which handles logistics and fulfillment services for other retailers including next-day and two-day shipping. Gap has also started GPS Apparel, which customizes apparel for companies. Lipsman said that Gap also had a disadvantage in retail media because it only sold its own brands. Are you a Gap employee or do you have insight about retail media to share?

☆ Rupert Murdoch is engaged to Ann Lesley Smith
▼ + stars: | 2023-03-20 | by ( Toyin Owoseje | ) edition.cnn.com time to read: +1 min

CNN —Billionaire media mogul Rupert Murdoch is preparing to walk down the aisle for the fifth time. The 92-year-old tycoon revealed he’s engaged to marry Ann Lesley Smith in an article published Monday in the New York Post, one of his own publications. Smith was previously married to Chester Smith, a country singer and radio and TV executive, who died in 2008. Murdoch was previously married to former flight attendant Patricia Booker, journalist Anna Murdoch and entrepreneur Wendi Deng. CNN has reached out to representatives of Murdoch and Smith for further comment.

☆ Meta to end news access for Canadians if Online News Act becomes law
▼ + stars: | 2023-03-11 | by ( ) www.reuters.com time to read: +1 min

March 11 (Reuters) - Facebook-parent Meta Platforms Inc (META.O) said on Saturday that it would end availability of news content for Canadians on its platforms if the country's Online News Act passes in its current form. The "Online News Act," or House of Commons bill C-18, introduced in April last year laid out rules to force platforms like Meta and Alphabet Inc.'s Google (GOOGL.O) to negotiate commercial deals and pay news publishers for their content. Meta's move comes after Google last month started testing limited news censorship as a potential response to the bill. The Department of Canadian Heritage did not immediately respond to a Reuters' request for comment on Meta's move to end news access in the country. Reporting by Kanjyik Ghosh and Lavanya Ahire in Bengaluru; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Last month, Google started testing limited news censorship as a potential response to a Canadian government bill that aims to compel online platforms to pay publishers in Canada for news content. Google has claimed that the test is like thousands of other product tests the company conducts on a regular basis. The tests, which the company says affected less than 4% of Canadian users, began on Feb. 9 and were scheduled to run for five weeks. Speaking to a parliamentary committee investigating the tests, Google's public policy manager Jason Kee confirmed that the tests would end next week. During the panel, questions were raised about local journalism outlets, like the 13-14 local, weekly papers that MP Martin Shields has in his riding.

☆ Google to launch fund to support Taiwan's media outlets
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

Google has come under pressure in some countries to negotiate commercial deals and pay news publishers for their content, though not in Taiwan. Google said it will pay local publishers through what it calls a "Taiwan News Digital Co-prosperity Fund" to strengthen their digital publishing capability. The fund will help Taiwan local media "hone digital skills, gain expertise and support the sustainable development of Taiwan's news industry", the company said. "Even while Google faces many challenges in the overall international environment, Taiwan remains a crucial global stronghold," Tina Lin, managing director of sales and operations at Google Taiwan, told reporters in Taipei. Google said Taiwan's media industry has been facing major competitive challenges in adapting to the digital age, pointing out that advertising revenues for traditional media outlets have dropped 70% from 2003 to 2020.

☆ Biden pick for FCC withdraws, says agency will 'remain sidelined'
▼ + stars: | 2023-03-07 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Sohn had been a senior aide to Tom Wheeler when he was the FCC chair under President Barack Obama. The open internet laws seek to bar internet service providers from blocking or slowing traffic or offering paid fast lanes. "The FCC deadlock, now over two years long, will remain so for a long time," Sohn said in a statement. Many Democrats said Republicans were doing the bidding of powerful telecom companies that did not want to face regulation from the FCC. In July 2021, Biden signed an executive order encouraging the FCC to reinstate the open internet net neutrality rules.

Gigi Sohn testifies during a Senate Commerce, Science and Transportation Committee confirmation hearing, examining her nomination to be appointed Commissioner of the Federal Communications Commission in Washington, D.C., February 9, 2022. Gigi Sohn, who was chosen by President Joe Biden to serve as telecommunications regulator to the Federal Communications Commission, said on Tuesday that she's withdrawing her nomination. After multiple hearings in the Senate Commerce Committee, it was still unclear if Sohn would have the votes for her nomination to pass the full Senate. During a 16-month battle with cable and media industry lobbyists, Sohn said she's been subject to "unrelenting, dishonest and cruel attacks" that have taken "an enormous toll" on her family. "And with the help of their friends in the Senate, the powerful cable and media companies have done just that."

☆ TikTok is by far the best platform for brand engagement, new data shows. Here were 3 other key takeaways from the 136-page report.
▼ + stars: | 2023-03-06 | by ( Nhari Djan | ) www.businessinsider.com time to read: +5 min

A new report from analytics firm Rival IQ breaks down social-media engagement in 2022 by industry. Here are three key takeaways for brands across TikTok, Instagram, Facebook, and Twitter. Brands are getting higher engagement on TikTok than on Instagram, Facebook, or Twitter, according to a new report by social-media analytics company Rival IQ. The brands studied had at least 5,000 followers apiece on Instagram, Twitter, and TikTok, and 25,000 to 1 million followers on Facebook. Sports teams scored the second-highest engagement on Instagram and TikTok, while also having the highest engagement rates across Twitter and Facebook.

☆ Former Facebook Execs Launch Startup, Adding to Efforts to Improve Ad Measurement
▼ + stars: | 2023-03-01 | by ( Salvador Rodriguez | Patience Haggin | ) www.wsj.com time to read: 1 min

Two former executives of Facebook parent Meta Platforms Inc. are seeking to solve one of the social-media industry’s biggest challenges in recent years: allowing marketers to measure the effectiveness of their ads while maintaining user privacy. Graham Mudd and Brad Smallwood each spent more than a decade building Meta’s advertising system, which allowed the company to offer granular data about how ad campaigns worked with individual users, often by tracking their web and mobile activity. Apple Inc. took steps in 2021 to allow users to limit most tracking, making it far more difficult to gauge the success of online advertising and upending the way social-media companies made money.

☆ How the Supreme Court could re-shape the internet as you know it
▼ + stars: | 2023-02-24 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

Nearly 30 years of protectionsA view of the U.S. Supreme Court on February 21, 2023 in Washington, DC. The Supreme Court isn't the only one reviewing Section 230; Congress and the White House have also proposed changes to the law, though legislation to update Section 230 has consistently stalled. For skeptics of the tech industry, and critics of social media platforms, more lawsuits would imply more opportunities to hold tech companies accountable. Allowing the courts to scrutinize the tech industry more would bring it in line with other industries, some have argued. Even a 'like' could trigger a lawsuitLiability could also extend to individual internet users.

Nancy Dubuc notified Vice Media staffers on Friday that she's stepping down from her post as CEO after five years at the company. Dubuc joined Vice in 2018 after leaving her post as CEO of A+E Networks, where she had worked for 20 years. "We thank Nancy for her many contributions and will soon announce new leadership to guide VICE forward into its next stage of growth and transformation." Dubuc's departure comes as Vice, like its digital media peers, facing ongoing challenges with shrinking audience numbers and advertising. Still, Vice ended 2022 with a slight gain in revenue, although the business deteriorated among the macroeconomic headwinds, CNBC previously reported.

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