Mediagazer: Discovery Q3: $.46 EPS, beating estimates; cuts forecast on weak ratings, tensions with Russia (Abhirup Roy/Reuters)

4:55 PM ET, November 4, 2014

Top News:

Jordan Chariton / The Wrap:

Time Inc. earnings: digital ad revenue up 5% to $65M, print ads down 1% to $363M — Time Inc. Exceeds Earnings Expectations on Strong Digital Ad Growth — Time Inc. (TIME) reported earnings of $0.41 a share in the third quarter of 2014, down from $0.67 at this time last year.

Discussion: Capital New York, AdAge, New York Times, FishbowlNY and AdExchanger

Cynthia Littleton / Variety:

Time Inc. Taps Fox Alum Emiliano Calemzuk to Lead Online Video Push (EXCLUSIVE) — Time inc. is ready to go long on longform video. The publishing giant has cut a deal with former Fox Television Studios chief Emiliano Calemzuk to develop a range of programming for online audiences derived from Time Inc.'s vast editorial resources.

Discussion: MediaWire Daily, Business Wire and Talking New Media

Tim Peterson / AdAge:

Digital to Overtake TV Ad Spending in Two Years, Says Forrester — U.S. advertisers' spending on digital advertising will overtake TV in 2016 and hit $103 billion in 2019 to represent 36% of all ad spending, according to Forrester's latest estimates based on its ForecastView model.

Discussion: Broadcasting & Cable, @petersontee and MarketingVox News & Trends

Jim Romenesko:

Plain Dealer ombud: Why I haven't written about the campaign video removal controversy — I recently got this email from a frustrated Cleveland Plain Dealer staffer: — “It is so obvious to those of us who work here the huge difference between the PD and NEOMG [Northweast Ohio Media Group] …

Discussion: Scene and Heard, @ericktrickey, @johnmcquaid, @jayrosen_nyu and Columbia Journalism Review

Jeremy Barr / Capital New York:

Steven Brill elaborates on the biz model of his longform journalism startup with Jill Abramson — Steven Brill-Jill Abramson startup comes into focus — Steven Brill, the journalist and media entrepreneur, shared some details with Capital about the longform journalism startup he's building …

Discussion: Gawker, The Huffington Post, @om, @mathewi, @laurahazardowen, www.wnyc.org, @jeremymbarr, @alexweprin, @jayrosen_nyu and Guardian

Katie Takacs / American Journalism Review:

NYT, AP and USA Today have no formal policies on how they cover themselves; Bloomberg's policy does not allow coverage of itself — That Awkward Moment When Journalists Must Write About Their Employer — So this is awkward. — Journalists are told to avoid conflict of interest …

Discussion: @jayrosen_nyu and @emilybell

Hannah Karp / Wall Street Journal:

Warner Music Group Nears Deal to License Music to SoundCloud — German Audio-Sharer Began Advertising on Its Site This Past Summer — Warner Music Group is near a deal to license its music to SoundCloud Ltd., according to people familiar with the matter, a move that would make Warner …

Discussion: TechCrunch, VentureBeat and The Verge

Brent Lang / Variety:

21st Century Fox Q1 earnings beat estimates with $.48 EPS, $7.89B revenue, strong film slate — 21st Century Fox Earnings Trump Expectations, Stock Rises — Strong advertising sales and a record-breaking film slate lifted revenues and earnings at 21st Century Fox, helping the media …

Discussion: Reuters, Hollywood Reporter, @jboorstin and Business Wire

Abhirup Roy / Reuters:

Discovery Q3: $.46 EPS, beating estimates; cuts forecast on weak ratings, tensions with Russia — Discovery cuts forecast on strong dollar, problems in Russia — (Reuters) - Discovery Communications Inc (DISCA.O), owner of cable channels such as Animal Planet and Discovery Channel …

Discussion: Hollywood Reporter and ir.corporate.discovery.com

Andrew Beaujon / Poynter:

BuzzFeed will look to Twitter users to help call elections tonight — The “decision desks” assembled by the Associated Press, TV networks and other mainstream news organizations have been “outcompeted in the marketplace of fast, accurate, sophisticated, and transparent information,” BuzzFeed EIC Ben Smith writes.

Discussion: BuzzFeed, Nieman Lab, @ron_fournier, @genn4dy and @singernews

Peter Sterne / Capital New York:

Bloomberg's election night coverage will stream on its mobile apps, AOL, YouTube, and Mashable — On election night, getting eyeballs on the stars of Bloomberg Politics — Bloomberg Politics is working overtime to make sure as many viewers as possible watch their election coverage tonight …

Andrew Wallenstein / Variety:

Netflix Lures Larry Tanz, CEO of Michael Eisner's Digital Studio (EXCLUSIVE) — Netflix has hired Larry Tanz, CEO of Vuguru, the digital studio owned by former Walt Disney CEO Michael Eisner. — The streaming service confirmed he will join as VP of content acquisition for Europe later this year, based in Los Angeles.

Discussion: VideoInk

John Plunkett / Guardian:

Google and Facebook have social responsibilities, says Ofcom chief — In wake of GCHQ comments, media regulator says it's important to ask questions about ‘what goes over these networks’ — The chief executive of media regulator Ofcom has said technology companies such as Google and Facebook have …

Discussion: @mediaguardian and Mashable