Mediagazer: Ofcom report: BBC should include more links to rivals and its journalists should call out lies more, says small number of politicized viewers erode trust in BBC (Jim Waterson/The Guardian)

2:45 PM ET, October 24, 2019

Top News:

Ingrid Lunden / TechCrunch:

Twitter misses Q3 estimates with revenue of $823.7M, up 9% YoY; ad revenue of $702M, up 8% YoY; 145M monetizable DAUs, up 17% YoY — Twitter today reported its earnings for the quarter that ended September 30, and the numbers delivered a big surprise, falling on both sales and earnings per share.

Discussion: CNBC, Financial Times, Adweek, @yoyoel, MediaPost, MarketWatch, AdExchanger, @alexstamos, TheStreet, @craigsilverman, @twitterir, @twitterir, @twitterir, @thedomino, The Wrap, @cnbc, @twitterir, @twitterir and Fast Company, more at Techmeme »

Peter Kafka / Vox:

Facebook to pay some news partners as much as $3M a year for appearing in its news tab, to be available as a test Friday for a couple hundred thousand US users — Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building …

Discussion: Digiday, @reckless, Washington Post, @pkafka and TechCrunch, more at Techmeme »

Craig Timberg / Washington Post:

Facebook to unveil news tab at an event Friday with News Corp's Robert Thomson; sources: direct payments to 200 publishers will go up to millions of dollars — Facebook plans to launch a “News” tab on Friday that will offer stories from hundreds of news organizations, some of which will be paid fees …

Discussion: The Next Web, The Wrap, The Wrap, promarket.org, Politico, American Press Institute, The Verge, @authorpmbarrett, @b52malmet, @craigtimberg, CNET, CBS News, Observer and Mediaite, more at Techmeme »

Laura Hazard Owen / Nieman Lab:

Profile of Storyful's 11-member investigative team, which has worked with NYT, WSJ, and others to mine social media for stories about the 2020 election — In some cases, newsrooms have specific ideas or topics they need researched. In other cases, Storyful has an idea that it looks to find a home for.

Discussion: Crain's New York Business, Fast Company, @cijournalism, @janebsinger and Editor & Publisher Magazine

Cynthia Littleton / Variety:

NBCU's Steve Burke says Peacock will be bundled into Comcast's streaming platform Flex and that NBC will continue to license its content, unlike Disney — NBCUniversal chief Steve Burke predicts that things are going to get even more intense among the media and tech giants launching streaming platforms …

Discussion: Deadline, Multichannel News, Crain's New York Business, Adweek, The Wrap and The Streamable

Jim Waterson / The Guardian:

Ofcom report: BBC should include more links to rivals and its journalists should call out lies more, says small number of politicized viewers erode trust in BBC — Report finds broadcaster must do more to prove value to viewers more familiar with Netflix — The BBC is at risk of losing …

Discussion: Press Gazette and Press Gazette

Allen G. Breed / Associated Press:

Former AP reporter Kathryn Johnson, whose coverage of the civil rights movement and other major stories like My Lai led to notable scoops, has died at 93 — Kathryn Johnson, a trailblazing reporter for The Associated Press whose intrepid coverage of the civil rights movement and other major stories led …

Discussion: @amlwhere, @spj_tweets, Jimmy Carter Presidential …, @jakesnyt, @jzbleiberg and The Hill

Brent Lang / Variety:

Simon Sutton, former president and chief revenue office of HBO, named CEO of podcast service Luminary — Simon Sutton has joined Luminary Media and will serve as chief executive officer of the newly launched podcast subscription service. He joins the company after a stint as president and chief revenue officer of HBO.

Discussion: MediaPost, @pkafka, Business Wire, @pkafka and @pkafka

Benjamin Mayo / 9to5Mac:

Apple TV app launches on Amazon Fire TV devices starting with the Fire TV Stick 4K and HD models, with support for other devices and models coming soon — Apple today released the Apple TV app for Amazon TV devices, starting with the Amazon Fire TV Stick 4K and the older HD model.

Discussion: Variety, CNBC and The Verge, more at Techmeme »

Geoff Weiss / Tubefilter:

US-based Triller, a TikTok rival, raises $28M Series B led by Proxima, following an $11.5M Series A in 2018; company says it has 13M MAUs and 60M downloads — Triller, an AI-powered platform that enables creators to make music videos using licensed songs, has raised $28 million in Series B funding …

Discussion: The Wrap, PR Newswire, Music Business Worldwide and Wall Street Journal, more at Techmeme »

Jeremy Barr / Hollywood Reporter:

Fox Business, CNN, CNBC, Bloomberg, NYT, and FT say they will not serve as media partners at Saudi Arabia's Future of Investment Initiative event this year — Jared Kushner and Steven Mnuchin are attending, but major media firms are still a no-go at the Saudi conference following the murder of Jamal Khashoggi.

Discussion: Axios, @teddyschleifer, @p_brady, @peter_tl, @jeremymbarr and Axios

Sarah Lacy / Pando:

Sarah Lacy and Paul Carr sell Pando to ad-tech company BuySellAds, which bought Digg in 2018; Lacy announces she is leaving journalism — If there is a single moment when it seemed like my journalism career suddenly caught fire, it was the 2006 Business Week cover story I wrote about the rise of Web 2.0 companies.

Neha Malara / Reuters:

Comcast Q3: $26.8B in revenue with net loss of 238K video subscribers; NBCU had earnings of $2.09B, up 1.6% YoY, on $8.3B in revenue; Sky had revenue of $4.55B — (Reuters) - Media and communications company Comcast Corp (CMCSA.O) beat Wall Street estimates for third-quarter profit on Thursday …

Discussion: Variety, Broadcasting & Cable, Financial Times, Observer, Hollywood Reporter and CNBC

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BBC:
BBC News launches dark web mirror of its international site, accessible via Tor, as it seeks to thwart censorship from states such as China, Iran, and Vietnam

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Anthony D'Alessandro / Deadline:
Disney's Bob Iger defends the $66M in compensation he received in 2018, saying the amount included a one-time stock grant and reflected Disney-Fox merger work

Discussion: Wall Street Journal, The Daily Caller, @lionelmedia and @deadline

From Techmeme:

Samantha Subin / CNBC:
The Nasdaq closes down 4%, with Meta down 7%, Nvidia down 6%, Amazon down 5%, and Apple down 4%, as the White House says Trump's tariffs on China now total 145%

Maxwell Zeff / TechCrunch:
OpenAI updates ChatGPT with a memory feature that references past chats for answers, rolling out to ChatGPT Pro and Plus subscribers, but not in the UK and EEA

Sarah Wynn / The Block:
Block reaches a $40M settlement with NYDFS for “critical gaps” in its anti-money laundering program, including risk-based controls and customer due diligence

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