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:
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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.
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, @mathewi, Ad Age, NetNewsCheck Latest, IAB, Bloomberg, @pkafka, @joshsternberg, @mikeisaac, @pkafka, @mathewi, @agmacdougall, @mathewi and @jason_kint
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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, Adweek, Ad Age, New York Times, TechCrunch, VentureBeat, @mathewi, @kurtwagner8, @noahmallin, GeekWire, Fortune, @tomventimiglia, The Verge, @dangillmor, @mattburgess1, @mathewi, @tuurdemeester, @corybe, New York Magazine, Engadget and ZDNet
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 …
Discussion:
AdExchanger, FishbowlNY, ZDNet, Forbes, Fortune, @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, The Wrap, Washington Post, The Daily Caller, Mediaite, @redsteeze, @oliverdarcy, @jammiewf, @jtlol, New York Post, @jimrutenberg, 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?
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.
Discussion:
@sarahcnyt, @cward1e, @cjr and @sheilacoronel
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:
@rajeshmahapatra, @noahchestnut, @krogsgard, @melissabell, @mattervc, @sbnlukethomas, @ylichterman, @reckless, @markguim, @fcollective, @waxpancake, @lexjuneja and Nieman Lab
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
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, Ad Age, Multichannel News and Motherboard
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