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:
CNBC, New York Times, Bloomberg, CNNMoney, LawNewz, New York Post, NetNewsCheck Latest, Guardian, @joemfbrown, @velocciraptor, @rmac18, Adweek, Ad Age, The Wrap, Forbes, Business Insider, The Huffington Post, Deadline, FishbowlNY, CNET, Engadget, @jrthewriter, Daily Mail, Techdirt, @jordansarge, Variety, The Verge, Boing Boing, @rmac18, Mashable, @geneweingarten, @asherlangton, The Week, @pkafka, @jank0, @edmundlee, @polly, @tomkludt, @justinjm1, @brianstelter, @derektmead, @steverousseau, @paxdickinson, @anthony, @anthony, @poynter, @brianstelter, @davidbix and @petersterne
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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.
Discussion:
Business Wire, The Wrap, @anthony, @orskov, @ryanchittum, @ryanchittum, @myurow, @ryanchittum, @felixsalmon, @mathewi, @erikwemple, @michaelbarthel, @mccarthyryanj, @jbenton, @mathewi, @benmullin, FishbowlNY and The Daily Caller
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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 …
Discussion:
FishbowlNY, Forbes, AdExchanger, Fortune, @laurenweberwsj, @joepompeo, @nahmias, @joepompeo, Talking Biz News and Business Insider
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, @mattervc, @sbnlukethomas, @rajeshmahapatra, @ylichterman, @reckless, @markguim, @fcollective, @waxpancake and @lexjuneja
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:
Mediaite, The Daily Caller and @oliverdarcy
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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.
CNBC:
Sources: Apple is currently uninterested in buying Time Warner but the regulatory approval process 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 on other potential buyers for the company besides AT&T.
Discussion:
Variety, Fast Company, AppleInsider, MacRumors and AppAdvice.com Latest
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:
Mediaite, @danraywood and @kevin_raposo
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, Fortune, Broadcasting & Cable, Seeking Alpha, Hollywood Reporter, TheStreet.com and Deadline
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, Business Insider, The Wrap and Mediaite
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:
SocialTimes, Fast Company, TechCrunch, Amazon.com, Publishers Weekly, @karensaba and VentureBeat
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
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:
Bloomberg, Media Law Prof Blog and tronc, inc.
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