Mediagazer: Tronc misses with Q3 revenue of $378M, down from $406M in Q3 2015; CEO Justin Dearborn says it's “unfortunate” Gannett's lenders withdrew from deal (Brian Flood/The Wrap)

5:25 PM ET, November 1, 2016

Top News:

Paul Barbagallo / Bloomberg:

Gannett drops its $683M bid for rival Tronc; source says deal collapsed after bankers pulled out — Handshake agreement said to collapse with lack of financing — Few other publicly traded newspaper companies available — Gannett Co. dropped its bid for rival Tronc Inc. …

Brian Flood / The Wrap:

Tronc misses with Q3 revenue of $378M, down from $406M in Q3 2015; CEO Justin Dearborn says it's “unfortunate” Gannett's lenders withdrew from deal — Tronc unveiled its third-quarter 2016 earnings on Tuesday with revenues of $378 million, down 6.9 percent compared to $406 million in the third quarter of 2015.

Discussion: tronc, inc. and Bloomberg

Michael Calderone / The Huffington Post:

Source: CNN Chief Jeff Zucker blasts Donna Brazile in Tuesday editorial call, describing her interactions with Clinton campaign as “unethical” and “disgusting” — Network boss has “no tolerance” for tipping off a campaign with debate questions.

Discussion: Politico, Washington Post, FishbowlDC, The Wrap, Mediaite, Hot Air, New York Magazine, The Daily Caller, New Urban Legends, iMediaEthics and TVNewser

Hadas Gold / Politico:
Donna Brazile resigns from CNN, after leaked emails show she shared questions with Clinton campaign before a debate and town hall during Democratic primary

Natasha Lomas / TechCrunch:

ProPublica adopts Politwoops and four other Sunlight Labs projects using open government data; several other Sunlight projects are headed to other organizations — Politwoops, the service that preserves politicians' deleted tweets for posterity and to hold them to account, has a new parent …

Discussion: ProPublica, Sunlight Foundation Blog and Politico

Stefan Nicola / Bloomberg:

YouTube strikes deal with German royalty-collection group Gema, ending seven years of legal battles and unblocking thousands of music videos in the country — @StefanNicolaBBG More stories by Stefan Nicola — Video service to pay licensing fees for clips shown in Germany

Discussion: YouTube Blog, PR Newswire, The Independent, DW.COM, Billboard, Yahoo, TorrentFreak, VentureBeat and Music Ally

Ken Yeung / VentureBeat:

Pinterest makes Instapaper's premium features free, previously $3/month; features include full text search on all articles, speed reading, text-to-speech, more — Nearly three months after being acquired by Pinterest, Instapaper is making some changes that will impact its users.

Discussion: Instapaper, TechCrunch, AppAdvice.com Latest and SocialTimes

Todd Spangler / Variety:

Hulu signs deals with Disney and 21st Century Fox for its new streaming service, which is set to debut early 2017, adding more than 35 networks including ESPN — Hulu officially announced new deals with two of its parents — 21st Century Fox and the Walt Disney Company …

Discussion: Forbes, TechCrunch, The Wrap and Recode

Todd Spangler / Variety:

Discovery Communications and MLB's BAMTech form streaming video technology provider, BAMTech Europe, to cater to the continent's broadcasters and OTT providers — Discovery Communications has linked arms with Major League Baseball's BAMTech in a pact under which they are forming BAMTech Europe …

Discussion: TechCrunch

David Lieberman / Deadline:
Discovery reports Q3 earnings with net income of $219M, down 21.5% YoY, on revenues of $1.56B and EPS of $0.36, falling below Wall Street expectations

Discussion: Variety, Hollywood Reporter, Engelwood Daily and StreetInsider.com

Lauren Johnson / Adweek:

BuzzFeed CEO Jonah Peretti says Tasty reaches more people than BuzzFeed site alone, claims BuzzFeed would be much bigger if comScore tracked its mobile stats — Ten years ago, BuzzFeed pioneered viral news and branded content with popular listicles and quizzes.

Joe Pompeo / Politico:

Morale is low at WSJ as next week's Q1 earnings are expected to show plummeting ad revenues, management memos talk of “restructuring”, and staff fear more cuts — Big cuts and big change loom for a paper that seemed, not long ago, almost immune

Discussion: @ericboehlert, @stevekovach, @mathewi, @joepompeo, @mathewi and @moorehn

Jessica Toonkel / Reuters:

Thomson Reuters plans to cut 2K jobs, or 4% of workforce but none from newsrooms, as it beats targets with Q3 net income of $286M, down from $293M in Q3 2015 — Thomson Reuters Corp (TRI.N) (TRI.TO) third-quarter earnings beat analyst expectations on Tuesday and the company said it would cut jobs worldwide …

Discussion: Guardian, @rafat, Wall Street Journal, Bloomberg, Fast Company, USA Today and Investor's Business Daily

Joseph Lichterman / Nieman Lab:

The AP is experimenting with machine learning to automate the process of converting print stories to broadcast format — The experiment is part of a larger effort by the news agency to incorporate automation into its journalism. — On average, when an AP sportswriter covers a game …

Discussion: @johnny_hansel

Jack Marshall / Wall Street Journal:

Many publishers say an AMP pageview generates half the revenue as a pageview on their full mobile website due to reliance on standardized banner ad units — Some publishers aren't generating as much ad revenue as they had hoped — Google is stepping up its efforts to serve speedy content …

Discussion: ClickZ, @mhbergen, @fodor and Forbes

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