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4:40 PM ET, December 15, 2018

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 Top News: 
John Podhoretz / Commentary:
Shutting down the Weekly Standard is an intellectual and political crime that enables its parent company to harvest its subscriber base for another publication  —  The Weekly Standard will be no more.  There is no real reason we are witnessing the magazine's demise other than deep pettiness …
RELATED:
Oliver Darcy / CNN:
The Weekly Standard will publish its last edition on December 17 and shut down after 23 years  —  New York (CNN Business)The Weekly Standard, the magazine that espouses traditional conservatism and which has remained deeply critical of President Donald Trump, will shutter after 23 years …
Mike Farrell / Multichannel News:
CBS launches local news streaming service, CBSN, which will stream coverage from major markets served by CBS's owned and operated stations, starting in New York  —  CBSN New York offers local news from CBS 2 and WLNY  —  CBS Television Stations and CBS Interactive have launched …
Discussion: Broadcasting & Cable
Lucas Shaw / Bloomberg:
Sources: China approves the release of more US films to meet its goal of 60B yuan in 2018 ticket sales; ticket sales for US movies in China are down 20% YoY  —  - Year-end window opened again to imports in bid to boost sales  — Film authorities also responding to pressure from Hollywood
Discussion: @lucas_shaw
Washington Post:
As digital media faces bigger hurdles, PitchBook numbers show investors on track to close 19 deals worth $130M in 2018; they closed 27 deals worth $206M in 2014  —  Sites' reliance on Facebook, Google seen as a contributing factor.  —  As legacy news companies suffered tremors over the past decade …
Discussion: @peterchoran
Andrew McCormick / Columbia Journalism Review:
A look at the harsh negotiating tactics used by Jones Day, a law firm hired by media companies like WaPo and NPR to negotiate with media unions  —  In May, the law firm Jones Day hosted a conference in its Manhattan office focused on labor and employment law in the news media industry.
Discussion: TechCrunch
Nellie Andreeva / Deadline:
WarnerMedia names Kevin Reilly head of content and strategy for its streaming service; he will remain president of TBS, TNT, and CCO of Turner Entertainment  —  Kevin Reilly, President of TBS and TNT and Chief Creative Officer for Turner Entertainment, is expanding his role at WarnerMedia …
Ryan Faughnder / Los Angeles Times:
The LA Times to produce a one hour prime-time news TV series for Charter's Spectrum News 1 channel, starting in February and airing Monday through Thursday  —  The Los Angeles Times will produce a prime-time news magazine television series for Charter Communications' recently launched Spectrum News 1 channel …
Ken Doctor / Nieman Lab:
Sources say that negotiations between Tribune and McClatchy ended mainly because McClatchy was offering $16.50/share and Tribune wants at least $18/share  —  What stopped the almost-done McClatchy purchase of Tribune Publishing?  Two familiar words: Michael Ferro.
RELATED:
Robert Channick / Chicago Tribune:
Source: Tribune Publishing ends talks to sell the company to McClatchy, with potential antitrust issues in Florida derailing a deal
Discussion: Bloomberg and New York Post
Jon Lafayette / Broadcasting & Cable:
Amazon makes NBA League Pass package available through Amazon's Prime Video Channels, offering regular-season out-of-market games for $29/month or $169 a season  —  Amazon has struck a deal to make the NBA League Pass package available through Amazon's Prime Video Channels.
Discussion: Multichannel News
Brian Steinberg / Variety:
CBS will award $20M of the $120M earmarked for Les Moonves's severance package to 18 organizations that work to eliminate sexual harassment in the workplace  —  CBS Corp. said Friday it would award $20 million that was originally earmarked for severance for its former CEO, Leslie Moonves …
 
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 More News: 
Literary Hub:
Literary magazine Tin House will cease print publication in June 2019, but online edition will remain
Ted Johnson / Variety:
Nexstar settles with DOJ over the sharing of ad price rates among TV station owners that let them manipulate prices; six other groups settled last month
 Earlier Picks: 
New York Times:
Behind the secret $9.5M CBS settlement with actress Eliza Dushku, who was written off the show Bull after her complaints about star Michael Weatherly's comments
Tom Winter / NBC News:
Source: Trump was present in August 2015 when National Enquirer's David Pecker met with Michael Cohen and offered to help suppress stories about Trump and women