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, @kyoshino, @latguild, @cmaiduc, @sic_sonja, @sammy_roth, @kyoshino, @latimes, @jenyamato, @sarahparvini, @gaufre, @latimesharriet, @sewellchan, @latguild and @priyakkumar
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, @xpangler, Vox, Yahoo Finance, @pkafka, Bloomberg, Fast Company, The Verge, @pkafka, The Wrap, @masasoncap, The Drum, @jeffersongraham, 9to5Mac, Variety, Hollywood Reporter and Axios, 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 …
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:
Ad Age, @rmac18, @vermontgmg, @craigsilverman, @craigsilverman, @craigsilverman, @rschooley, @bruce_arthur and Boing Boing, 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:
New York Times, Fortune, TechCrunch, The Wrap and Deadline
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 »
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
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, @careybodie, @adampwillis, @mbeditor, @kenroth, @jcpunongbayan, @jason_kint, @nytimes, @nytimes and @michellemanafy
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, @poniewozik, @briankoppelman, @pkafka, @zekemag18, @jank0, @laurawags, The Verge, Business Insider, Deadline and The Wrap, 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:
@baekdal, @amykazmin, @raju and Livemint, more at Techmeme »
Todd Spangler / Variety:
Thrillist names Helen Hollyman, food writer and founding editor of Vice's Munchies, as its new editor-in-chief — Thrillist, part of Discovery-backed Group Nine Media, has named food writer and journalist Helen Hollyman its new editor-in-chief. — Hollyman will be based in Thrillist's …
Discussion:
MediaPost
Kayleigh Barber / Digiday:
As pubs like Morning Brew and Axios focus on newsletter reengagement campaigns to get back dormant subscribers, some, like WSJ, say it is not worth the effort — Increasing email subscriber lists make newsletters more appealing to advertisers, but having a list made up of dead leads drops …
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