Top News:
Vine:
Twitter says it is discontinuing the Vine mobile app “in the coming months” — Since 2013, millions of people have turned to Vine to laugh at loops and see creativity unfold. Today, we are sharing the news that in the coming months we'll be discontinuing the mobile app.
Discussion:
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Todd Spangler / Variety:
Vine stars mourn the closing of the app that helped launch their careers, though they've shifted focus to other platforms like YouTube and Instagram — Twitter is shutting down Vine, its six-second video app, and the unexpected move touched off a wave of anger, bemusement and sadness among the platform's biggest creators.
Discussion:
The Wrap, TechCrunch, Adweek, Forbes, CNNMoney, Hollywood Reporter, Mashable and Fast Company
Bloomberg:
Source: the idea for Trump TV began as a threat Jared Kushner issued to Roger Ailes when Trump's circle was unhappy with the tenor of Fox News' coverage — Win or lose, the Republican candidate and his inner circle have built a direct marketing operation that could power a TV network—or finish off the GOP.
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Gothamist, Vanity Fair, Washington Post, Business Insider, New York Magazine, Media Matters for America, @mlcalderone, Law News, The Daily Caller, Hit & Run, NBC News, Talking Points Memo, @joshuagreen, Politicus USA, The Verge, Fast Company, @espiers, @blakehounshell, @dandrezner, @jacobkornbluh, @mims, @theplumlinegs, @joshuagreen, @brendannyhan, @gabrielsherman, @mims, The Week and Mother Jones
Michael O'Connell / Hollywood Reporter:
Q&A with CNN Worldwide president Jeff Zucker, on Trump TV, competing with Fox News, post-election strategies, Corey Lewandowski, and more — Less than two weeks shy of the election, Zucker speaks with THR about his network's winning strategy, narrowing the Fox News gap …
Discussion:
NPR, Washington Post, FishbowlDC and TVNewser
Ken Doctor / Politico:
Sources: Gannett's billion-dollar deal to buy Tronc is put on hold, likely because of ongoing negotiations over a joint-ownership plan for the LA Times — In deal on table, Los Angeles Times would be jointly owned by Gannett and Dr. Patrick Soon-Shiong — On Wednesday afternoon it looked …
Discussion:
Poynter, @politico_media, Florida Politics, @cnbc, Political Insider blog, @palewire, @mattdpearce, @benmullin, @alexweprin, @davemckinney, @raju, @tmcgev and Washington Post
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James Vincent / The Verge:
Apple announces TV app for Apple TV and iOS coming in December, will act as a single place for accessing shows, movies, and live events from across apps — One app to rule them all — Apple may not be building its own TV, but it at least has its own TV guide. Sort of.
Discussion:
Wired, @shalini, @pkafka, Gizmodo, @rossrubin, Consumerist, Fortune, The Verge and Recode
Joe Flint / Wall Street Journal:
Sources: Megyn Kelly seeks $20M for next Fox contract; Rupert Murdoch said he hopes to get contract signed soon and also wants to renew Bill O'Reilly's contract — ‘The Kelly File’ host is in active negotiations; keeping her at the network is a priority for management, including Rupert Murdoch.
Discussion:
Business Insider, Variety, Fortune, Adweek, Newser, FTVLive, The Week, TVNewser, Dr. Jen Gunter, CNNMoney, Mediaite, Refinery29, Politico, People.com, @brianstelter, @brianstelter and New York Times
Matthew Lynley / TechCrunch:
Twitter reports Q3 2016 revenue of $616M, beating expectations of $606M, as MAUs increase to 317M from 313M last quarter — With Twitter's acquisition hopes essentially dead, the company now seems it's on its own to fend for itself and needs to figure out a way to build a reasonable and profitable business.
Discussion:
Radio & Television …, Variety, SocialTimes, Forbes, Business Insider, VentureBeat, @digiphile, Adweek, ZDNet, VatorNews, Politico and The Drum
Christine Wang / CNBC:
Amazon reports Q3 2016 revenue of $32.71B, meeting expectations, $0.52 EPS is below $0.78 expected; stock drops 4% after hours — Amazon posted third-quarter earnings per share of 52 cents on revenue of $32.71 billion on Thursday. — Analysts expected the online retail giant to post earnings …
Discussion:
The Wrap, TechCrunch, Variety, Recode and Fortune
Suman Bhattacharyya / Ad Age:
BIA/Kelsey forecasts digital ads will overtake traditional ads in local US markets by 2018 — If there was any doubt that the future of local advertising is digital, the latest local ad revenue forecast from BIA/Kelsey confirms that revenue from local-focused online ads will exceed …
Discussion:
@mediashiftorg, @adage, @adage and Broadcasting & Cable
Craig Silverman / BuzzFeed:
Researchers doubt Facebook's algorithm-driven approach to Trending topics can stop fake news, viral lies, and hoaxes amid international expansion — The Trending product has repeatedly promoted false news, and experts say it may get worse as the company scales Trending internationally.
Discussion:
@lisatozzi, @brendannyhan, @buzzfeednews, @buzzfeednews, @heerjeet, @tlupick, @craigsilverman, @profcarroll, @elenaholodny, TechCrunch and Fast Company
Alex Spence / Politico:
The Guardian had £48M in negative cash flow in the last six months; a source says it needs to cut costs by more than 60% to survive on digital revenues — LONDON — After a summer of steep job losses, staff in the Guardian newsroom are anxious about their future, but there may be worse to come.
Discussion:
@lawrencedarcy, @alexgspence, @alexgspence, @raju, @tomgara, @rafat, @mathewi and Business Insider
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