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2:45 PM ET, November 2, 2017

Mediagazer

 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.
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 …
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Washington Post:
Lawmakers release a sampling of Russian Facebook ads placed during and after campaign
Alex Kantrowitz / BuzzFeed:
E-mail: Twitter offered Russia Today “share of voice” increase from 2% to 15% for $3M via ads during US election vs 56% SoV for CNN, 32% for Fox; RT declined
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
RELATED:
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.
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
RELATED:
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.
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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BBC:
Three more men have alleged that actor Kevin Spacey sexually harassed or assaulted them; one was a teenager when the incident happened