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, @latimesharriet, @gaufre, @rebekahlsanders, @cmaiduc, @latimes, @jenyamato, @priyakkumar, @sic_sonja, @kyoshino, @sammy_roth, @sarahparvini, @sewellchan, @latguild, @kyoshino, @latguild and @dillonliam
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 …
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, Bloomberg, Bloomberg, Vox, @xpangler, Fast Company, Yahoo Finance, @pkafka, The Wrap, NME, The Drum, @pkafka, @masasoncap, Variety, Hollywood Reporter, @jeffersongraham, 9to5Mac and Axios, more at Techmeme »
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, Variety and Decider, more at Techmeme »
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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:
/Film, @davidpoland, @manabyte, @thrmattbelloni, @alexweprin and Business Insider, more at Techmeme »
Craig Silverman / BuzzFeed News:
Investigation: US ad agency Ads Inc. ran a subscription-based Facebook scam whereby users rented their account to Ads Inc., which ran $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:
@rmac18, @vermontgmg, @craigsilverman, @rschooley, @craigsilverman, @craigsilverman, @bruce_arthur and Boing Boing, more at Techmeme »
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 …
Joe Otterson / Variety:
Mike Isaac's book, Super Pumped: The Battle for Uber, will be the basis for a Showtime series by Billions creators Brian Koppelman and David Levien — Brian Koppelman and David Levien are developing a limited series about ridesharing company Uber for Showtime.
Discussion:
@mikeisaac, @tomstonemayer, Business Insider, @poniewozik, The Verge, @briankoppelman, Deadline, @pkafka, @zekemag18, @jank0, @laurawags and The Wrap, more at Techmeme »
Matthew Belloni / Hollywood Reporter:
Q&A with Lachlan Murdoch about post-Disney plans, Fox Nation success, infighting at Fox News: “unfortunately in the [US], there is less and less civil debate” — The Fox Corp. executive chairman and CEO explains his vision for a slimmed-down company, from acquisitions to sports betting as …
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:
New York Times, The Wrap, Fortune, Deadline and TechCrunch
Hollywood Reporter:
Inside's Apple steep learning curve with TV+ and Hollywood, as sources say the company already well outspent its projected $1B annual content budget — After a few false starts and a little offscreen drama, AppleTV+ finally makes its big debut with a slate of shows, Jennifer Aniston …
Discussion:
@thr, @trippmickle, Fortune, @thrmattbelloni, @designatednerd, @jamiepastore9, @wallstcynic, @jason, @erichaywood, @snoodit, @fattailcapital, @thr, @thr, Deadline, Decider, /Film, Vanity Fair, MacRumors, The Playlist and 9to5Mac, more at Techmeme »
Stephanie Findlay / Financial Times:
In India, food delivery company Zomato, ecommerce company Flipkart, and others are developing streaming video content to compete with Netflix, Amazon, Hotstar — As Netflix and Amazon splurge on original content to win streaming supremacy in India, Bollywood producer Tanveer Bookwala has never been so busy.
Discussion:
Livemint, @baekdal, @amykazmin and @raju, 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.
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