Top News:
Bryan West / KPNX:
Arizona Republic says it has gotten death threats and cancelled subs over its endorsement of Clinton, the first time it's ever supported a Dem for president — The decision, impact and reasons for endorsing Hillary Clinton. … PHOENIX - The Arizona Republic says it has received death threats …
David Bond / Financial Times:
Daily Mail owner DMGT says print advertising down 12%, digital up 17%, as it more than triples cost cutting from £15M to £50M amid challenging market conditions — Daily Mail and General Trust will make deeper cuts in staff and other operating costs as part of a strategic review …
Discussion:
Guardian, The Independent, DMGT, RTTNews, @martinbarrow, Author stories, @jonathanhaynes, @charliebeckett, @bethrigby and campaignlive.co.uk
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Press Gazette:
DMGT to cut 400 jobs, close offices in London, New York amid pressure on print advertising — The owner of the Daily Mail and The Mail on Sunday is axing 400 jobs as it battles against plunging advertising sales. — Daily Mail and General Trust (DMGT) said the staff cuts were being made group-wide …
Discussion:
Business Insider and @pressgazette
Edmund Lee / Recode:
Sources: a Viacom-CBS merger could require that Shari Redstone vote her shares however CBS head Les Moonves prefers, so he can shore up a struggling Viacom — Les Moonves, the head of CBS, would need assurances on how owner Shari Redstone would vote her shares.
Discussion:
Adweek, @benfoxrubin, Broadcasting & Cable, Bloomberg, @edmundlee, @recode, @edmundlee, @pkafka and Reuters
RELATED:
Georg Szalai / Hollywood Reporter:
National Amusements, controlling shareholder of CBS and Viacom, publishes letter asking the boards of each company to consider a merger — Sumner Redstone's holding company says it is “not willing to accept or support any acquisition” of Viacom or CBS by a third party.
Yuji Nakamura / Bloomberg:
Spotify launches in Japan with free ad-supported tier and an ad-free version at $9.70/month — Company will offer free service supported by advertising — Spotify has more than 40 million paying customers globally — Spotify Ltd. is bringing its popular online music service to Japan …
Discussion:
@vilavbhatt, @stanyee, @crtrud, MacRumors, TechCrunch and Engadget
Hadas Gold / Politico:
Source: CNN's Corey Lewandowski is no longer receiving severance payments from the Trump campaign, which paid off the remainder of his contract in one lump sum — Former Donald Trump campaign manager and now CNN contributor Corey Lewandowski is no longer receiving severance payments from the campaign.
Associated Press:
Pittsburgh Tribune-Review to stop Pittsburgh print edition on November 30, laying off 106 — PITTSBURGH (AP) — The Pittsburgh Tribune-Review newspaper plans to stop its print edition Nov. 30 and offer an online-only publication in a reorganization that will also require 106 layoffs, its publisher announced Wednesday.
Wall Street Journal:
Sources: Time Warner Inc. and Viacom Inc. bidding to aquire Argentine TV broadcaster Telefe in deal valued at up to $400M — Deal could be worth as much as $400 million, sources say — Time Warner Inc. and Viacom Inc. are among bidders circling Telefónica SA 's Argentine television …
Discussion:
Wall Street Journal, Fortune, Variety, Deadline and Hollywood Reporter
Peter Kafka / Recode:
YouTube hires Lyor Cohen as Global Head of Music; Cohen helped build Def Jam label, ran Warner Music, and founded 300 Entertainment in which Google invested $5M — He's going to hold on to his 300 label, which Google backed three years ago. — Apple Music has Jimmy and Dre. Spotify has Troy.
Sami Main / Adweek:
Video Advertising Bureau report: 87% of streaming is done by only 6% of the US population — Hulu and Netflix have become the cereal aisle of streaming services. There are thousands of options for thousands of different tastes. And with the influx of original content available …
Financial Times:
Sources: Spotify is in advanced talks to acquire SoundCloud after its two earlier attempts proved unsuccessful — Spotify, the music streaming service, is in advanced talks to acquire SoundCloud, as competition heats up with Apple for the future of digital music, said people briefed on the discussions.
Discussion:
Vanity Fair, Recode, 9to5Mac, Variety, Music Industry Blog, HYPEBEAST, VentureBeat, Business Insider, The Next Web, Forbes, Fortune, 9to5Mac, Reuters, Engadget, @kerrymflynn, The Next Web, MacRumors, @lexnfx, VentureBeat, The Verge and Daring Fireball
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