Top News:
Bloomberg:
Memo: Breitbart benefactor Robert Mercer to sell his stake in Breitbart News to daughters and disavows Milo Yiannopoulos as he steps down as RenTech co-CEO — Renaissance Technologies' Robert Mercer plans to step down as co-chief executive officer effective Jan. 1, according to a letter he sent to investors in the firm's funds.
Alexandra Steigrad / WWD:
Conde Nast will close Teen Vogue print edition, cutting 80 jobs or 2.5% of their workforce, and will lower frequency of some titles, including GQ and Glamour — The publisher continues to slash costs as it builds up its digital business. — Condé Nast headquarters at 1 World Trade Center.
Discussion:
The New York Observer, Adweek, Folio, Fast Company, Mediaite, The Wrap, Variety, @clarajeffery, Jezebel, @kimberlynfoster, Fashionista, Mashable and twitchy.com
Politico:
Prior actions shows Facebook, Google, and Twitter cannot be counted on to police themselves; it's time for proactive prevention with real oversight — Google, Facebook and Twitter took a beating on Wednesday testifying in front of the Senate and House Intelligence Committees …
Discussion:
Pew Research Center, Washington Post, Stratechery, CNBC, @kurafire, Washington Post, @kumailn, TechCrunch, BuzzFeed, GeekWire, TechCrunch, TechCrunch and Fortune, more at Techmeme »
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Dan Frommer / Recode:
19 of the 2,752 Twitter account names tied to Russia's Internet Research Agency used the word “news”; 27 included “novosti”, the Russian word for news — From @10_gop to @ZzzacharyZzz. — As the U.S. Congress continues to investigate Russian efforts to meddle …
Discussion:
@nerduno, @padresj, @mikeelgan, @mikeelgan, Mother Jones and Slate
Washington Post:
Lawmakers release a sampling of Russian Facebook ads placed during and after campaign
Discussion:
@kreissdaniel, New York Times, Axios, CNNMoney, BuzzFeed, Columbia Journalism Review, The A.V. Club, @rasmus_kleis, Business Insider, @politico, Washington Post, TechCrunch, @katestarbird, The Guardian, Engadget, Peter O'Kelly's Reality Check, Gizmodo, Hit & Run, Variety, @oliverdarcy, U.S. House of …, Fortune, Slate, @dnvolz, BuzzFeed, @carolleonnig, @lizzadwoskin, @thomasfuchs, @pinboard, Wired, BuzzFeed, The Daily Beast, Politico, @dylanbyers, Variety, CNNMoney, @dylanbyers, @issielapowsky and The New York Observer
Sean Burch / The Wrap:
AMC Networks profit jumps 25% YoY in Q3, revenue rises 2.1% YoY to $648M but narrowly misses estimates — AMC Networks — the entertainment conglomerate that includes a number of popular cable channels, including AMC, IFC and SundanceTV — posted a 25 percent increase in profit year-over-year …
Discussion:
Broadcasting & Cable and @thr
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Brian Steinberg / Variety:
Discovery Communications Q3 revenue rises 6% YoY to $1.65B while profit remains flat; ad and distribution revenue offset cost of Scripps Networks acquisition — Discovery Communications said its third-quarter profit was essentially flat as improvements in operations due to revenue …
Discussion:
The Wrap
Beatrice Verhoeven / The Wrap:
Filmmaker Brett Ratner to “step away from all Warner Bros.-related activities” amid sexual misconduct allegations — Brett Ratner has decided to “personally step away from all Warner Bros.-related activities” following a Los Angeles Times report Wednesday in which six women accused the producer of sexual misconduct.
Discussion:
Business Insider, Variety, /Film, Hollywood Reporter, PAPERMAG, New York Times, Rolling Stone, Sputnik International, Los Angeles Times, @orlandosentinel, NPR, Bloomberg, AOL, 89.3 KPCC, @oliviamunn, Deadline, The A.V. Club, LAist, The New York Observer, Vanity Fair, Jezebel, Washington Post, Just Jared, IndieWire, @latimes, @superdizzy14, @latimes, East Bay Times, The Guardian, @danielnmiller, TVWeek.com, Consequence of Sound, Splinter, Mediaite, KTLA, The Ringer, Fortune, Miami New Times and Los Angeles Times
Todd Spangler / Variety:
Edgar Bronfman Jr., former CEO and chairman of Warner Music Group, co-founds Waverley Capital, a media VC firm with Luminari Capital's Daniel Leff — Edgar Bronfman Jr., former chairman and CEO of Warner Music Group, has co-founded a venture-capital company focused on media and entertainment along …
Todd Spangler / Variety:
Viacom names Kelly Day head of new Digital Studios unit, will oversee development of original digital-native content and branded entertainment across platforms — Kelly Day is leaving AwesomenessTV after nearly four years to become president of the newly created Viacom Digital Studios unit.
Discussion:
Digiday
Ken Doctor / TheStreet:
Print advertising now makes up 17% of revenue for The New York Times, and reader revenue tops 60%; 43% of ad revenue is digital — Roll those digital presses. With its third straight better-than-the-economy-growth- rate quarter, New York Times Co. (NYT) can almost mark 2017 as its turnaround year.
Discussion:
New York Times and @jayrosen_nyu
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Joe Pompeo / Vanity Fair:
Wall Street Journal alumni and staff fear an exodus of top reporters after recent editorials that attacked special counsel Mueller and undermined reporting — A series of virulent anti-Mueller editorials has reporters worried about their paper's credibility.
Discussion:
Washington Post, @jonfavs, @brianstelter, MediaFile, Wall Street Journal, The Daily Caller, @oliverdarcy and @jayrosen_nyu
Mike Snider / USA Today:
President of Gannett domestic publishing and USA Today publisher John Zidich retiring in April 2018 after more than 40 years at Gannett — McLEAN, Va. — After more than 40 years with Gannett, John Zidich is ready to hand off the responsibilities of the media company's domestic publishing portfolio.
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