Top News:
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, @lmoses, @erickschonfeld and @mdudas
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:
Vanity Fair, @kadhimshubber, @felixgillette, @gerryfsmith, @jimaley, @mhess4, @ckrewson, @davidlaz, @gilbertjasono, @sirjamespants, @rmc031, @hkesvani, @katie_robertson, @miriamgottfried, @mattdpearce, @business, @jimdalrympleii, @poynter, @jayrosen_nyu, @jayrosen_nyu, @moorehn and ValueWalk
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 and Washingtonian
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:
Forbes, Techdirt, New York Post, Recode, The Huffington Post, Slate, Le·gal In·sur·rec· tion, USA Today, Gizmodo, New York Magazine, iMediaEthics, The Daily Beast, Hot Air, Boing Boing, Editor & Publisher, Newser, @laurahelmuth, NPR, @brianstelter, Bloomberg, LawNewz, New York Times, CNBC, Fortune, Observer, @juliakmarsh, @freedomofpress, @rmac18, Cageside Seats, Law News, @velocciraptor, Engadget, @jrthewriter, NetNewsCheck Latest, Guardian, Forbes, CNET, The Verge, @wkamaubell, Adweek, The Week, @jordansarge, @rmac18, The Wrap, @joemfbrown, Daily Mail, Ad Age, Deadline, Mashable, @geneweingarten, FishbowlNY, Variety, Hollywood Reporter and @asherlangton
RELATED:
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, @levenrambin and The Huffington Post
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:
Mediaite, TheBlaze, @benjysarlin, @anamariecox, @nickconfessore, @noahcrothman, @noahcrothman and @davidfolkenflik
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, VentureBeat, MediaNama, Bloomberg, NetNewsCheck Latest, Ad Age, @iab, @mathewi, IAB, Fortune, @mikeisaac, @agmacdougall, @mathewi, @pkafka, @joshsternberg, @pkafka, @jason_kint and @mathewi
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, Forbes, Facebook, Adweek, Fortune, Vanity Fair, Ad Age, MacRumors, The Verge, GeekWire, TechCrunch, VentureBeat, New York Magazine, Engadget, ZDNet, @davidbauer, @tomventimiglia, @corybe, @tuurdemeester, @noahmallin, @mattburgess1, @mathewi, @kurtwagner8, @mathewi and @dangillmor
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 …
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:
hypebot, Business Insider, Multichannel News, @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 …
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:
The Wrap, @cbudoffbrown, @thefix, @fionaspruill, @marklandler, @peterbakernyt, @ckrewson, @defensebaron, @nycjim and @cbudoffbrown
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