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.
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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 …
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Digiday, @reckless, Washington Post, @pkafka and TechCrunch, more at Techmeme »
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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 …
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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.
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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 …
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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 …
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Variety, Broadcasting & Cable, Financial Times, Observer, Hollywood Reporter and CNBC
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