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.
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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.
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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 …
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FishbowlNY, AdExchanger, Forbes, Fortune, @joepompeo, @joepompeo, @nahmias, Talking Biz News, @laurenweberwsj and Business Insider
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 …
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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.
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@jason_kint, @mathewi, @agmacdougall, IAB, @mathewi, @mikeisaac, @pkafka, @jason_kint, @joshsternberg, @mathewi and @pkafka
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 …
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Politico, The Wrap, The Daily Caller, Mediaite, @redsteeze, @oliverdarcy, @jammiewf and @jtlol
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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?
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, MacRumors, AppAdvice.com Latest, AppleInsider and Fast Company
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.
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@cward1e
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.
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@rajeshmahapatra, @mattervc, @ylichterman, @noahchestnut, @krogsgard, @melissabell, @sbnlukethomas, @reckless, Nieman Lab, @markguim, @fcollective, @waxpancake and @lexjuneja
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, Business Insider and @rubiconproject
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, Amazon.com, SocialTimes, New York Magazine, @karensaba and VentureBeat
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