Top News:
Nick Denton / Medium:
Nick Denton confirms Gawker Media has reached settlement with Hulk Hogan who will receive $31M cash, according to court docs; three true stories will be removed — After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached.
Discussion:
New York Times, CNBC, New York Post, LawNewz, @rmac18, @joemfbrown, Forbes, The Huffington Post, FishbowlNY, Variety, Business Insider, @rmac18, Mashable, @geneweingarten, @asherlangton, @pkafka, @jank0, @edmundlee, @polly, @tomkludt, @justinjm1, @brianstelter, @derektmead, @steverousseau, @paxdickinson, @anthony, @anthony, @petersterne, @brianstelter, @poynter and @davidbix
Sydney Ember / New York Times:
NYT Q3 earnings: print ad revenue drops 19% but digital ad revenue up 21% to $44M, 116K digital-only subs added, bringing total to 1.3M, rev down 1% to $364M — The New York Times Company reported a steep decline in print advertising revenue for the third quarter on Wednesday, adding to the newspaper industry's woes.
Discussion:
Business Wire, Nieman Lab, The Wrap, FishbowlNY, @ryanchittum, @michaelbarthel, @mathewi, The Daily Caller, @felixsalmon, @mathewi, @erikwemple, @mccarthyryanj and @benmullin
Farhad Manjoo / New York Times:
Online news offers so many choices, it allows readers to confirm their biases and filter out news they don't like; fact-checking has proven ineffective — Next week, if all goes well, someone will win the presidency. What happens after that is anyone's guess. Will the losing side believe the results?
Nilay Patel / The Verge:
A look at how The Verge generates revenue, the technology it's built for creating and distributing ads, Hymnal and Concert, and its plans for the future — Platforms, united — The Verge turns five on November 1st, and we're in the process of refreshing our entire brand for the next five years.
Discussion:
Nieman Lab, @noahchestnut, @krogsgard, @melissabell, @markguim, @mattervc, @sbnlukethomas, @ylichterman, @fcollective, @waxpancake, @reckless and @lexjuneja
Ben Fox Rubin / CNET:
Amazon unveils Rapids, a reading app for kids which tells stories through the medium of text messages between characters, priced at $2.99 a month — The app, available for $2.99 a month, includes hundreds of short stories for kids, told through text messages. — Enlarge Image
Discussion:
Fast Company, TechCrunch, Publishers Weekly and Amazon.com
Shelley Hepworth / Columbia Journalism Review:
300 newsrooms have signed up to Electionland, a project tracking and reporting on problems that prevent people from voting, including Univision and USA Today — On election nights past, ProPublica staffers were more likely to be found at home watching the results roll in on TV or online than in the newsroom.
Oriana Schwindt / Variety:
US election boosts October cable TV ratings, with CNN winning 25-54-year-olds for the first time in 15 years — The current election may be tearing America apart at the seams, but the one thing everyone seems to be unable to do is look away. The three major cable news bastions — Fox News …
Discussion:
TVNewser, TVNewser, TVNewser, CNN, @brianstelter, @brianstelter, The Wrap, Business Insider and Mediaite
Gerry Smith / Bloomberg:
Time Warner Q3 earnings beats estimates with revenue of $7.17B; sales at Turner, including CNN, TNT, and TBS, rise 8.8% YoY to $2.61B, HBO sales up 4.3% — Media giant being acquired by AT&T raises full-year forecast — Time Warner Inc., the owner of the Warner Bros. studio …
Discussion:
Variety, The Wrap, The Wrap, Broadcasting & Cable, Deadline, Fortune, Seeking Alpha, Hollywood Reporter and TheStreet.com
Rob Price / Business Insider:
Business Insider's US site and Inc hacked by hacking group OurMine early Wed morning; BI employee may have used same password across multiple sites — Business Insider was hacked on Wednesday morning. — Attackers identifying themselves as OurMine posted and edited some stories on the US version of the website.
Discussion:
@kevin_raposo
Rick Edmonds / Poynter:
INMA and NAI study says native ads will account for 25% of ad revenues by 2018, finds 48% of newspaper media are doing some form of native ads — Native advertising already accounts for 11 percent of ad revenues at news media companies, according to a new report, and will rise to 25 percent in 2018.
Discussion:
Fortune
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.
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Washington Post:
Venezuela more stringent with work visa rules, stops reporters who had previosly entered the country without work visas from entering, amid mounting turmoil — Venezuelan authorities stopped a Washington Post reporter at the Caracas airport late Monday night and denied him entry …
Discussion:
@rogernoriegausa, @marianowrites, @peterbakernyt, @wsjforero, @davidluhnow and @hannahdreier
Paul Bond / Hollywood Reporter:
Profile of AT&T CEO Randall Stephenson, a Republican voter opposed to Trump and a supporter of the Black Lives Matter movement and LGBT rights — In private meetings, the Boy Scout who backs Black Lives Matter puts Time Warner execs at ease as he notes he's no fan of Donald Trump.
Discussion:
@thrmattbelloni
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:
Media Law Prof Blog, Bloomberg and tronc, inc.
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