Top News:
Kali Hays / WWD:
Penske Media, owner of WWD, Variety, and Rolling Stone, buys Peter Brant's ARTnews and Art in America, for a reported $20M-$25M — Jay Penske has made a number of investments and acquisitions over the last year, while Brant looks to be getting out of media altogether.
Discussion:
New York Post and artnet News
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Brian Stelter / CNN:
CNN sues Trump and top aides, alleging that the suspension of Jim Acosta's press pass is a violation of Acosta's and CNN's First and Fifth Amendment rights — New York (CNN)CNN has filed a lawsuit against President Trump and several of his aides, seeking the immediate restoration …
Discussion:
Poynter, @whca, Washington Post, The Wrap, New York Times, MediaPost, The Week, TVNewser, Associated Press, @erikwemple, @aaronblake, @aaronblake, @cnnnewsroom, @brianstelter, @aclu, @alyssa_milano, @maggienyt, @brianstelter, HuffPost, Vanity Fair, @brianstelter, @renato_mariotti, @davidfolkenflik, @hunterw, @kfile, @ivanthek, The Daily Caller, NPR, Law & Crime, Press Gazette, Politico, Washington Post, Sean Hannity, TVWeek.com, emptywheel, Mediaite, Multichannel News, Bloomberg, New York Post, Hill Reporter, CNBC, Los Angeles Times, Mashable, Boing Boing, Wall Street Journal, The Wrap, Hollywood Reporter, Newser, MediaFile and Slate
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Eriq Gardner / Hollywood Reporter:
CNN's lawsuit could lead to broader questions for Trump's administration in court, including queries about the decision to challenge the AT&T-Time Warner merger
Discussion:
TVNewser, @grahamdavida, The Daily Caller, Politico, @cjr, @jackshafer, Columbia Journalism Review, @eriqgardner, CNN, Washington Post and Law & Crime
Matthew Garrahan / Financial Times:
Quartz launches free new app with curated news stories and contributions from business leaders and introduces a premium membership tier for $14.99/month — Quartz is to launch a subscription tier for its business coverage and a new app that will offer aggregated news and user discussion …
Discussion:
Nieman Lab, Press Gazette, Quartz, @jbenton, @katelaurielee, @noahchestnut, @raju, MediaPost and Talking Biz News
Anthony Ha / TechCrunch:
IAB data shows digital ad spending in the first half of 2018 reached $49.5B, up 23% YoY, with mobile accounting for 63% of the total, up from 54% last year — The online advertising business continues to grow at double-digit rates, according to the latest report from the Interactive Advertising Bureau …
Discussion:
IAB, @craigsilverman, The Drum, Adweek and MediaPost, more at Techmeme »
Katharine Viner / The Guardian:
The Guardian's EIC Kath Viner talks about how the paper received financial support from 1M+ readers in three years and hopes to break even by April 2019 — The Guardian's editor-in-chief reflects on the state of media today and explains how the support of 1 million readers has enabled us …
Discussion:
@murpharoo, @kathviner and Journalism.co.uk
Jon Russell / TechCrunch:
Netflix is testing cheaper, mobile-only subscriptions “in a few countries” including Malaysia, where it is half the price of its next cheapest package — Netflix is testing a cut-price mobile-only subscription as it explores new packages aimed at widening its appeal in Asia and other emerging markets.
Discussion:
Fast Company, The Star Online and Music Ally, more at Techmeme »
Chris Roush / Talking Biz News:
Financial news and information company TheStreet.com reports a Q3 loss of $1.1M, with revenue declining to $13M from $13.3M a year ago due to ad decline — Financial news and information company TheStreet.com reported a third-quarter loss and revenue that was lower than analyst expectations.
Discussion:
Broadcasting & Cable
Georg Szalai / Hollywood Reporter:
Univision reports lower Q3 earnings, impacted partly by Dish dispute, with revenue dropping 17.3% YoY to $628.2M and ad revenue down 16.6% YoY to $378.7M — “Longer term, our refocused mission is gaining momentum,” says Vince Sadusky, the CEO of the Spanish-language media giant after a quarter …
Jay Rosen / Boing Boing:
Dutch media company De Correspondent launches membership drive for its US publication, The Correspondent, and hopes to raise $2.5M by December 14 — This is for everyone who follows me on social media, or who has read my press criticism. All my former students. Fans of my blog, PressThink.
Discussion:
The Correspondent
Cynthia Littleton / Variety:
Disney is in talks with Hearst to sell its interest in five European cable channels that are part of its joint venture with A+E Networks — Disney is in talks with Hearst to sell off its interest in five European cable channels that are part of the larger A+E Networks joint venture between the companies.
Nicholas Kristof / New York Times:
A look at the evolution of the NRA's National Rifleman from hunting magazine to a political instrument that stokes fears and directs readers on how to vote — The covers of the group's magazine illuminate its incendiary tactics.
Megan Graham / Ad Age:
Five advertising holding companies say the DOJ has ended an investigation into production bidding practices without charges; a probe into media buying continues — Five top holding companies subjected to a Department of Justice probe into ad industry production practices say the investigations …
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