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1:20 PM ET, December 11, 2018

Mediagazer

 Top News: 
Edward Felsenthal / Time:
Time Magazine awards its Person of the Year honor to Jamal Khashoggi, Rappler CEO Maria Ressa, imprisoned Reuters journalists, and Capital Gazette staff  —  On the outskirts of Yangon, Myanmar's largest city, two young reporters sit in a prison said to be “the darkest hellhole in Burma.”
Scott Moritz / Bloomberg:
Verizon has slashed the value of its AOL and Yahoo acquisition by $4.6B, says a tough ad market has led to a shortfall in revenue and profit  —  Verizon Communications Inc. slashed the value of its AOL and Yahoo acquisitions by $4.6 billion, conceding that tough competition for digital advertising …
Sara Fischer / Axios:
Streaming news service Cheddar partners with mixed reality company Magic Leap, will stream its two live news networks on Magic Leap One AR device  —  Cheddar, the streaming news service for millennials, and Magic Leap, a mixed reality company, are teaming up to put Cheddar's two live news networks …
Discussion: @themediaisdying
Lisa de Moraes / Deadline:
Memo: Kathie Lee Gifford is leaving the Today show after eleven years to focus on film, music, and book projects  —  NBC News chief Noah Oppenheim announced this morning that Kathie Lee Gifford has decided to exit Today show, where she has hosted the final hour of the four-hour franchise since 2008.
Mike Barnes / Hollywood Reporter:
Mark Morrison, a West Coast entertainment journalist who helped launch the publication InStyle in 1994, has died aged 69  —  He spent 15 years as the West Coast editor of InStyle and spearheaded an award-winning multimedia package for The Hollywood Reporter.
Jon Levine / The Wrap:
Vox Media's sports site SB Nation drops writer Ian Kidd after learning he was convicted of possessing child pornography in September 2018  —  Sports news website SB Nation has dropped a writer after learning of past criminal activity including a September 2018 conviction over possession of child pornography.
Washington Post:
John Drescher, former executive editor of the Raleigh News & Observer, joins the Washington Post as deputy editor on the national politics investigations team  —  By WashPostPR  —  Announcement from National Editor Steven Ginsberg, Deputy National Editor Lori Montgomery and Senior Politics Editor Peter Wallsten:
Patrick Shanley / Hollywood Reporter:
CBS says it has agreed to sell its 25-acre CBS Television City property, including its soundstage and trademark, to a LA based real estate developer for $750M  —  Los Angeles-based real estate developer Hackman Capital Partners signed the acquisition agreement on Monday.
Discussion: TVWeek.com and TV Tattle
Cynthia Littleton / Variety:
IMG's Chief Content Officer Mark Shapiro has been promoted to the newly created post of President at Endeavor, IMG's parent company  —  After four years overseeing content operations at IMG, Mark Shapiro has been promoted to president of Endeavor.  —  Shapiro's elevation to the newly created post comes …
Discussion: Fast Company and The Wrap
 
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