Top News:
Meg James / Los Angeles Times:
The Los Angeles Times reached a tentative agreement with the guild that represents ~475 newsroom employees; the deal could provide immediate pay raises of 5%+ — The Los Angeles Times on Wednesday reached a tentative labor agreement with the guild that represents about 475 members of its newsroom …
Discussion:
@byelsieramos, @dillonliam, @rebekahlsanders, @palewire, @kyoshino, @rachelleingang, @latguild, @cmaiduc, @queerxichisme, @sic_sonja, @sammy_roth, @kyoshino, @latimes, @jenyamato, @sarahparvini, @eva_recinos, @gaufre, @latimesharriet, @sewellchan, @latguild, @priyakkumar, @hamiltonnolan and @kat__stafford
Annie Palmer / CNBC:
Netflix reports Q3 revenue of $5.25B, up 31% YoY, 158M paid subs globally, up 21% YoY, as net adds increase to 6.8M, up 12% YoY but below 7M company forecast — - Shares of Netflix surged after the company reported better-than-expected earnings results for the third quarter.
Discussion:
Netflix, The Wrap, @xpangler, Bloomberg, Hollywood Reporter, @pkafka, Vox, Yahoo Finance, Bloomberg, @pkafka, @masasoncap, @jeffersongraham, Fast Company, The Drum, The Wrap, 9to5Mac, Variety, Hollywood Reporter and Axios, more at Techmeme »
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Jason Gurwin / The Streamable:
Netflix says it expects “modest headwind” to near-term growth, but long-term growth should continue as new streaming services accelerate shift from linear TV — The Streamable is reader-supported and may earn an affiliate commission when you sign up with our links.
Discussion:
VentureBeat, MediaNama, Variety and Decider, more at Techmeme »
Natalie Jarvey / Hollywood Reporter:
Inside Bob Iger's risky bet on Disney+, set to launch with 35 originals in first year, which executives hope will have 60M to 90M global subscribers by 2024
Discussion:
@manabyte, @thrmattbelloni, @davidpoland, @alexweprin, /Film and Business Insider, more at Techmeme »
Rick Edmonds / Poynter:
Sources: USA Today's print version likely will wind down after Gannett-GateHouse merger; USA Today publisher, however, says no plans exist to end print edition — After a nearly 40-year run, USA Today and its digital sites are about to undergo a major restructuring that will include building …
Discussion:
Columbia Journalism Review, @nicole_carroll, @chadlivengood, @jackshafer, @johnbohnenkamp, @tmorris504, @sulliview, @stevejohnsontfp, @dlind, @jackshafer, @jbenton, @allisonlcarter, @abeaujon, @rickedmonds, @originalspin, @tnmadisontaylor, @newscannon, @brynstole, Awful Announcing, Fox News and Mediaite
Kelsey Sutton / Adweek:
NBC News and Wondery team up to develop a slate of original news and politics podcasts beginning in 2020; NBC News will continue developing in-house podcasts — Podcast publisher will also take over advertising sales and marketing — NBC News and Wondery are teaming up to develop a slate …
Craig Silverman / BuzzFeed News:
Investigation: ad agency Ads Inc. ran a subscription-based Facebook scam whereby users rented their accounts to Ads Inc., which has run $50M in ads since 2016 — Asher Burke built his company, Ads Inc, on the back of one of the internet's most persistent, lucrative, and sophisticated scams — the subscription trap.
Discussion:
Ad Age, Voice of San Diego, @rmac18, The Verge, @craigsilverman, @craigsilverman, @craigsilverman, @vermontgmg, @rschooley, @bruce_arthur and Boing Boing, more at Techmeme »
Kerry Flynn / CNN:
Meredith to shut down Family Circle, the monthly home magazine for women that was launched in 1932, after its December issue, laying off about 25 staffers — New York (CNN Business)Family Circle, the monthly home magazine for women that launched in 1932, will close after its December issue publishes.
Discussion:
Des Moines Register and Fox Business
Elida Moreno / Reuters:
Panamanian law firm Mossack Fonseca is suing Netflix for its film on the Panama Papers scandal, alleging defamation and seeking to stop its release — PANAMA CITY (Reuters) - Mossack Fonseca, a Panamanian law firm at the center of the “Panama Papers” scandal, has filed a lawsuit against Netflix Inc …
Wall Street Journal:
Analysis of 168,907 tweets at Daryl Morey following his Oct. 4 pro-HK tweet: ~50% came from accounts with 0-13 followers, 4,855 users had never tweeted — 'This wasn't primarily a bot swarm. It was a troll mob.' After his tweet supporting Hong Kong's protesters, the Houston Rockets' general manager …
Discussion:
@birdyword, @zeynep, @jadande, @jchengwsj, @jasonschwartz, Foreign Policy, New York Post and Deadspin, more at Techmeme »
Todd Spangler / Variety:
Shonda Rhimes announces a three-year deal with iHeartMedia to produce original podcasts for the iHeartPodcast Network, launches new division Shondaland Audio — Hit-making TV writer and producer Shonda Rhimes is jumping into the podcast game in a much bigger way.
Discussion:
@shondarhimes, @kellymccreary, @nwquah, Fortune, New York Times, TechCrunch, The Wrap and Deadline
Lucinda Southern / Digiday:
The Guardian launches subscriber-only, ad-free app that lets users scroll horizontally through sections; the paper currently has 190K digital subscribers — The Guardian has released a daily app for paying subscribers, as part of its quest to reach 2 million financial supporters by 2022.
Discussion:
@chrismoranuk and @charliebeckett
Joshua Hammer / New York Times:
Profile of Rappler CEO Maria Ressa, who is facing a cumulative sentence of over 63 years in prison if convicted of criminal and civil “cyberlibel” charges — Rappler, one of the country's most popular media platforms, has incurred President Duterte and his supporters' wrath …
Discussion:
American Press Institute, @kenroth, @adampwillis, @mbeditor, @careybodie, @jcpunongbayan, @jason_kint, @nytimes, @nytimes and @michellemanafy
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