Mediagazer: Gawker Media settlement gives $31M to Hogan, $1.25M to two other plaintiffs represented by Charles Harder, and sets a reserve of $3.5M for other possible claims (Peter Kafka/Recode)

1:20 AM ET, November 3, 2016

Top News:

Nick Denton / Medium:

Nick Denton confirms Gawker Media has settled with Hulk Hogan; three true stories will be removed, and staffers with equity can recoup salary or bonuses — After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached. The saga is over.

Discussion: New York Times, New York Post, CNBC, Techdirt, The Huffington Post, USA Today, Bloomberg, LawNewz, CNNMoney, Gizmodo, Slate, Law News, New York Magazine, Le·gal In·sur·rec· tion, The Daily Beast, @joemfbrown, @rmac18, Boing Boing, @velocciraptor, @laurahelmuth, iMediaEthics, Forbes, NPR, Hot Air, Editor & Publisher, @brianstelter, @rmac18, Newser, Fortune, Observer, @juliakmarsh, @freedomofpress, Cageside Seats, Engadget, @jrthewriter, NetNewsCheck Latest, Guardian, CNET, @wkamaubell, The Verge, @jordansarge, Adweek, Daily Mail, The Wrap, Ad Age, Mashable, The Week, @geneweingarten, Variety, Hollywood Reporter, @asherlangton, Business Insider, @justinjm1, @polly, @anthony, @tomkludt, @brianstelter, @derektmead, @steverousseau, @petersterne, @paxdickinson, @pkafka, @jank0, @anthony, @edmundlee, @brianstelter, @davidbix, @poynter, Deadline and FishbowlNY

Peter Kafka / Recode:

Gawker Media settlement gives $31M to Hogan, $1.25M to two other plaintiffs represented by Charles Harder, and sets a reserve of $3.5M for other possible claims — It's (just about) over. — Nick Denton always insisted he would beat Hulk Hogan and Peter Thiel in court. Now we'll never know.

Discussion: The Huffington Post

Peter Kafka / Recode:

Growth at Google and Facebook makes up all of the digital ad growth in 2016, some analysts say, as other companies facing shrinking shares — Uh-oh! — It's finally happening: Advertisers have started moving big chunks of their budgets from traditional media to the internet, and digital advertising is booming.

Discussion: @jason_kint, @iab, @mathewi, IAB, Ad Age, Bloomberg, NetNewsCheck Latest, @agmacdougall, @mathewi, @mikeisaac, Fortune, @pkafka, @joshsternberg, @pkafka, @mathewi and @jason_kint

Kurt Wagner / Recode:

Facebook's mobile ad business brought in $5.7B in Q3 2016, representing 84% of all the company's ad revenue — Facebook beat Q3 earnings estimates Wednesday. — Facebook delivered for Wall Street again — and its mobile ad business is driving the bus. — The social giant beat earnings …

Discussion: Facebook, VentureBeat, Adweek, Ad Age, New York Times, TechCrunch, GeekWire, The Verge, Fortune, Engadget, New York Magazine, ZDNet, @tomventimiglia, @corybe, @tuurdemeester, @noahmallin, @mattburgess1, @mathewi, @kurtwagner8, @mathewi and @dangillmor

Sydney Ember / New York Times:

NYT reports Q3 print ad revenue down 19%, but digital ad revenue up 21% to $44M, 116K digital-only subs added, bringing total to 1.3M, revenue 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.

Ricardo Bilton / Nieman Lab:
Despite digital now accounting for 36% of NYT's overall revenue, Q3 earnings show print losses may be declining too rapidly to offset the slide

Discussion: @mathewi, @raineytime and Fortune

Kelsey Sutton / Politico:

Wall Street Journal to debut overhauled, slimmed down version of print paper on November 14 and will cut staff from newsroom, including roughly 20 from one team — The Wall Street Journal will debut an overhauled and slimmed-down version of its print product on Nov. 14 in an effort …

Discussion: AdExchanger, Forbes, ZDNet, Fortune, FishbowlNY, @laurenweberwsj, @joepompeo, @nahmias, @joepompeo, Talking Biz News and Business Insider

Oliver Darcy / Business Insider:

Source: CNN has completed investigation into Brazile leak; Jeff Zucker says CNN will not work with TV One again, the network they partnered with for town hall — CNN president Jeff Zucker on Wednesday said the network had completed an investigation after it was revealed interim Democratic …

Discussion: Politico, Washington Post, Mediaite, The Wrap, @jtlol, @jammiewf, @redsteeze, @oliverdarcy, The Daily Caller, New York Post, Washington Post and The Huffington Post

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?

Discussion: @dangillmor, FishbowlDC, @tonyromm, @rodblackhurst, @ounwcm, @robneyer, @brooklynmarie, @reedabelson, @kreissdaniel, @dkthomp, @hirokotabuchi, @puiwingtam, @matthewstoller, @sluggahjells, @yashalevine, @katierogers, @fmanjoo and Peter O'Kelly's Reality Check

CNBC:

Sources: Apple is uninterested in buying Time Warner but the regulatory approval process for AT&T's bid could last months and things could change — Apple not interested in buying TWX at present: Sources — CNBC's David Faber reports the latest on Time Warner and addresses rumors …

Discussion: Variety, AppAdvice.com Latest, AppleInsider, MacRumors and Fast Company

Jon Brodkin / Ars Technica:

Department of Justice sues DirecTV and its owner, AT&T, claiming collusion with competitors during carriage talks for Los Angeles Dodgers games — Dodgers games blacked out after pay-TV companies colluded, DOJ lawsuit says. — The Department of Justice today sued DirecTV and its owner …

Discussion: Broadcasting & Cable, Fortune, Gizmodo, Ad Age, Motherboard and Multichannel News

Micah Singleton / The Verge:

Sources: YouTube Red has 1.5M subscribers with 1M signed up on a trial basis, underscoring the struggle of getting users to pay for a previously free service — YouTube Red only has 1.5 million paying subscribers as of late summer — When YouTube Red launched a year ago …

Discussion: @pkafka and 9to5Google

Sarah Sluis / AdExchanger:

Ad tech company Rubicon lays off 19% of workforce, or 125 jobs, lowers guidance for Q4; ad spending flowing through the platform declined 1% in Q3 — Rubicon will lay off 19% of its workforce, totaling 125 jobs, completing the reorganization it began in Q2. The company is also lowering its guidance for Q4.

Discussion: Ad Age, @rubiconproject and Business Insider

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.

Discussion: @sarahcnyt, @cward1e, @cjr and @sheilacoronel

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