News of Note—Viacom, Charter and Magnet

News of note

Here are the stories we’re following this morning:

> Viacom is making significant cuts at Awesomeness, disclosing plans to lay off nearly 100 employees. Variety article

> Charter is launching a 24-hour local news channel in November that will be available in the 1.5 million homes in greater Los Angeles. LA Times article

> Digiday looks at the new holding companies such as Magnet that have popped up to take advantage of OTT demand for content. Article