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5:25 PM ET, December 12, 2024

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 Top News: 
Katie Robertson / New York Times:
Sources: Patrick Soon-Shiong told LA Times opinion leaders not to publish an editorial critical of Trump's cabinet picks without publishing an opposing view  —  Dr. Patrick Soon-Shiong's public comments and actions, including recently blocking an editorial weighing in on President-elect Trump's cabinet picks …
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.
RELATED:
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 …
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 …
RELATED:
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, @lucas_shaw and @mediaevan
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 …
RELATED:
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
Ken Klippenstein:
Daniele Lepido / Bloomberg:
Italian broadcaster MediaForEurope says it is looking to accelerate its plan to build a pan-European free-to-air TV hub after securing a €3.4B credit facility  —  - Broadcaster adds financial muscle to bankroll future plans  — CEO doesn't rule out a bid for rest of Germany's ProSieben
Discussion: Reuters
Charlotte Tobitt / Press Gazette:20 minutes ago
An interview with Business Insider CTO Harry Hope on BI's use of AI, including AI-powered search and ad tools, shifting away from mass audience, and more  —  Interview with Business Insider's CTO Harry Hope on AI and shift away from mass audience.  —  Business Insider's chief technology officer …
Discussion: Talking Biz News
Matt Hardigree / The Autopian:
Hearst Magazines, owner of Car and Driver, Autoweek, and Road & Track, is acquiring MotorTrend Group, which owns MotorTrend, Automobile, and Hot Rod, from WBD  —  It hasn't been a huge secret that MotorTrend, the popular magazine and website, was in the process of being offloaded.
Dominic Ponsford / Press Gazette:
Email: the Guardian Media Group declined to engage with an alternative bid enquiry for The Observer due to exclusivity terms with Tortoise  —  Guardian Media Group declined to engage with an alternative bid enquiry for The Observer on Tuesday, telling the interested party it could not speak …
RELATED:
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
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
 
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 More News: 
Matt Yoder / Awful Announcing:
YouTube tells customers that the 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
Julia Jacobs / New York Times:
The NLRB issues a complaint against Netflix's Love Is Blind and classifies its contestants as employees, a case that could have ripple effects across reality TV
 Earlier Picks: 
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
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
 

 
From Techmeme:

Victoria Song / The Verge:
Google unveils Android XR, a mixed reality OS with Gemini built in for headsets and smart glasses, and plans a 2025 launch with Samsung's Project Moohan headset

Avram Piltch / Tom's Hardware:
Microsoft's new version of Recall appears to still capture sensitive data like credit card numbers, even with the “sensitive information” filter enabled

Mark Gurman / Bloomberg:
Sources: Apple plans to roll out its own Wi-Fi and Bluetooth chip as part of Apple TV and HomePod mini updates in 2025, and in iPhones later in the year

 
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