If this is what they're going for then I'm sorry I
really
dislike it. But I'll hold full judgement until the full launch.
The two intersecting N's just look odd to me. They have pointed ends where the Newsnight font doesn't, just looks a bit disjointed. I also read it like AV as much a NN. Having the N's in the middle breaks the title up and makes it read as "News Night" but as far as I can tell it's still "Newsnight".
Also
really
don't like the sickly magenta and cyan scheme. With the dark blue as well it just looks garish. Where it's in solid white I don't mind it so much. It looks the sort of branding you'd expect on a cheap tabloidy late night chat show. With the neon glow and the gaudy colours next to the solid white text it kind of reminds me of the Late Late Show with James Corden. I expect they've introduced these N's as an icon to use across social media etc, but it also reminds me of the Apple News logo in a way if they just use the N's on their own.
I guess its a mix of the This Week branding and updating to appeal to a cool younger demographic or whatever. But so far.... not sure. Perhaps it will grow on me. The updated theme sounded good to me though so that's something