Top News:
Bloomberg:
Profile of Tronc chairman Michael Ferro, who is now tasked with saving the company after Gannett dropped its $683M bid and shares tumbled — In April 2012, Lupe Fiasco was on tour in Detroit when he got a phone call from a revved-up businessman named Michael Ferro.
Discussion:
FishbowlNY, @kadhimshubber, @felixgillette, @gerryfsmith, @jimaley, @mhess4, @ckrewson, @davidlaz, @jimdalrympleii, Vanity Fair, @mattdpearce, @hkesvani, @gilbertjasono, @business, @katie_robertson, @jayrosen_nyu, @sirjamespants, @jayrosen_nyu, @miriamgottfried, @moorehn, @rmc031, @poynter and ValueWalk
Sharon Churcher / RADAR:
Fox News anchor Megyn Kelly claims former boss Roger Ailes sexually harassed her in new memoir to be released Nov. 15 — The network's prize anchor drops a bombshell amid contract talks. Is she ready to go? — Fox News star Megyn Kelly has unveiled explosive new charges against the network's founder …
Discussion:
The Huffington Post, The Wrap, Mediaite, @mlcalderone, Vanity Fair, New York Magazine, Law News, @nymag, @nxthompson, @emilynussbaum, Business Insider, @gabrielsherman, Politico, @jonfavs, The Week, @kattykaybbc, @radar_online, @politico, @dabeard, @margarita, @sarahlellison, @gabrielsherman and @hadas_gold
Lucia Moses / Digiday:
Condé Nast's Wired Media Group is launching the Emerging Tech Council, a $4K/year membership program for executives who want to stay ahead of tech trends — In the quest for new sources of revenue, publishers have been launching subscription programs and events series.
Discussion:
Wired, FishbowlNY, @erickschonfeld, @niemanlab, @rafat, @lmoses, @erickschonfeld and @mdudas
Nick Kalman / Fox News:
Casting notice goes out for new “up-and-coming” conservative news network, the timing of which suggests Trump TV, but no specific employer is identified — Donald Trump denies he is interested in launching a new conservative news venture, but somebody sure is.
Discussion:
Mashable, Fast Company, The Wrap, @kylegriffin1, Mediaite, @noahcrothman, @benjysarlin, @anamariecox, @davidfolkenflik, @noahcrothman, @nickconfessore and TheBlaze
Shan Wang / Nieman Lab:
Pew report: 59% of US adults who feel highly attached to their local communities follow local news closely, as do 52% of those who always vote — Know your neighbors? You also probably know something about what's going on down at city hall. — Clinton vs. Trump (vs. Johnson vs. Stein vs. McMullin? …
Discussion:
Pew Research Center, Broadcasting & Cable, Pew Research Center, @ylichterman, @pewresearch, Washingtonian and @niemanlab
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:
Wall Street Journal, @mims, @jason_kint, MediaNama, VentureBeat, Bloomberg, NetNewsCheck Latest, Ad Age, @iab, @mathewi, Fortune, @mikeisaac, IAB, @agmacdougall, @mathewi, @pkafka, @joshsternberg, @pkafka, @jason_kint and @mathewi
Hadas Gold / Politico:
NYT deputy politics editor Paul Volpe will join Politico next month as executive editor; current executive editor Peter Canellos will become editor-at-large — Big news on the homefront — Peter Canellos is taking on an investigate role and Paul Volpe is joining POLITICO from the New York Times.
Discussion:
FishbowlDC, The Wrap, @jimbrady, @micahcohen, @defensebaron, @cbudoffbrown, @thefix, @fionaspruill, @marklandler, @nycjim, @peterbakernyt, @cbudoffbrown and @ckrewson
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:
New York Times, Adweek, Facebook, Fortune, Ad Age, Vanity Fair, MacRumors, Forbes, The Verge, GeekWire, TechCrunch, VentureBeat, New York Magazine, Engadget, ZDNet, @davidbauer, @tomventimiglia, @corybe, @tuurdemeester, @noahmallin, @mattburgess1, @mathewi, @kurtwagner8, @mathewi and @dangillmor
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:
@debguadan, @shansquared and @levenrambin
RELATED:
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
Discussion:
Forbes, New York Post, Recode, Techdirt, The Huffington Post, Le·gal In·sur·rec· tion, Gizmodo, Slate, New York Magazine, USA Today, iMediaEthics, Boing Boing, The Daily Beast, Hot Air, Editor & Publisher, Newser, @laurahelmuth, NPR, @brianstelter, LawNewz, Fortune, Observer, @juliakmarsh, @rmac18, @freedomofpress, Cageside Seats, Engadget, @jrthewriter, Forbes, NetNewsCheck Latest, Guardian, CNET, The Verge, @wkamaubell, Adweek and The Week
Jason Kottke / kottke.org:
Kottke.org announces annual memberships starting at $30/year to diversify revenue sources and focus on dedicated readers — If you are a regular reader and appreciate what I do here, please support kottke.org by purchasing an annual membership. It only takes a minute …
Discussion:
@noahchestnut, @saila and @gknauss
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:
TechCrunch, @niemanlab, Multichannel News, Business Insider, hypebot, @pkafka and 9to5Google
George Slefo / Ad Age:
IAB: search advertising on desktop saw its first-ever decline, falling 12% to $8.9B in first half of 2016, but mobile search advertising grew 105% to $7.4B — Digital advertising revenue surged to a new high of $32.7 billion for the first half of 2016, up 19% from last year's record $27.5 billion …
Chris O'Shea / FishbowlNY:
Time Inc. reports Q3 revenue of $750M, down 3% YoY, with digital ad revenue up 63% thanks to Viant acquisition, native ads, and programmatic sales service — Time Inc.'s third quarter wasn't great, but it did have some positives. Although overall revenue was down three percent to $750 million …
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