Mediagazer: AMC Networks beats Q3 expectations with net income of $117M, up from $111M in Q3 2018, on revenue of $718.6M, up 3.1% YoY; ad revenue fell $2.6% to $194M (Tony Maglio/The Wrap)

5:15 PM ET, October 31, 2019

Top News:

Casey Newton / The Interface:

Twitter's political ad ban will run into enforcement issues on defining issue ads and possibly disadvantage lesser-known or nontraditional candidates — If you've ever wondered about the value of having multiple social networks competing to develop the best products and policies, Wednesday offered us a clear example.

Kevin Webb / Business Insider:

Campbell Brown's defense of Facebook not fact-checking political ads: “It should be the role of the press to dissect the truth or lies found in political ads” — - Campbell Brown, Facebook's Head of News Partnership, said she was “astonished” by the media's response …

Margaret Sullivan / Washington Post:

It was heartening to see Twitter CEO Jack Dorsey cut out a part of his business that he realizes he can't control — It's always hazardous to ascribe motivations of altruism to a tech titan. — They are driven by many things — mostly money, power and avoiding regulation …

Discussion: The Wrap, The Outline, @mollyjongfast, @chanders, @anandwrites, @sulliview, @bandylaube, Fast Company and Business Insider

@jack:
[Thread] Twitter will stop accepting all political advertising on its platform globally starting November 22

Discussion: @jack, @jack, New York Times, New York Times, @nxthompson, Adweek, @jack, Axios, @jack, @jack, @aoc, The Mozilla Blog, Variety, Slate, CBS News, Bloomberg, Business Insider, Washington Post, BBC, Tubefilter, Breitbart, @jack, Bloomberg, Reason, NBC News, Associated Press, @alexstamos, The Wrap, VICE, CNET, MIT Technology Review, Vanity Fair, @pardesoteric, @esaagar, The Independent, @maggieseverns, Econsultancy, The Daily Caller, @ryangrim, Hyperallergic, Engadget, @tanyaocarroll, @aaronhuertas, Fast Company, @chrismessina, @nickgillespie, The Verge, @rosenbergerlm, @nomikikonst, Talking Biz News, MediaNama, Facebook, Inquirer, Shelly Palmer, BetaNews, @kristenclarkejd, @chrizap, @dobbln, @hillaryclinton, AdExchanger, The Week, Inc42 Media, @tbskyen, @jack, @internetryan, @athertonkd, @armandondk, @manvsgame, @derekwillis, @derekwillis, @logandobson, @nickconfessore, @andyrockcandy, @chillmage, @kellymakena and @mathewi, more at Techmeme »

Donie O'Sullivan / CNN:
Lead Stories, a Facebook fact-checking partner, to propose that political ads be fact-checked by Facebook partners, with a nonpartisan panel reviewing results

Discussion: @donie, @profcarroll, @donie and MediaNama

Josh Constine / TechCrunch:
In an earnings call, Mark Zuckerberg defends Facebook's political ads policy, estimates ads from politicians will be less than 0.5% of company's revenue in 2020

Discussion: MediaPost, @brendannyhan, Breitbart, The Drum, @alexstamos, @fabiochiusi, @jbenton, @mikeisaac, @mollywood, AdExchanger, Axios, @lanctot, New York Times and @joshconstine, more at Techmeme »

Marc Tracy / New York Times:

In a revolt at Deadspin after the firing of top editor Barry Petchesky, at least 8 journalists resigned Wednesday; 6 of 10 staff writers quit in the past week — On Monday, the journalists at the freewheeling website Deadspin were instructed by its owners to stick to sports.

Discussion: New Republic, The Ringer, @maxwelltani, @drewmagary, @toley88, @maxwelltani, @laurawags, @gmgunion, @barry, The Outline, @jillian_schulz, @mckinneykelsey, @david_j_roth, HuffPost, @madbastardsall, Ad Age, @timmarchman, @dellcam, @kylenw, @wesleylowery, @sopandeb, @arayyay, @adrianchen, @dianamoskovitz, The Independent, @thelatinochild, Jacobin, @pablotorre, @banikarim, Bloomberg, @ivieani, @slmandel, @stefanfatsis, @bypatrickgeorge, @edzitron, @redford, @bwags, @kathbarbadoro, @patrickklepek, @maxwelltani, @albertburneko, Fox News, New York Post, The Daily Beast, Deadline, @ositanwanevu, @yc, The Nation, Sports Illustrated, @alyssabereznak, @jbenton, @mikelikessports, @onionincunion, Poynter, @yc, @ositanwanevu, @espiers, @jasongay, @johnmoe, @kerrymflynn, The Wrap, @jbenton, @alanamassey, @donttrythis, @genepark, @emmabaccellieri, @megreenwell, @bubbaprog, @sstirling, @markmaxwelltv, @k_trendacosta, @lalpert1, @nytmedia, @slasher, @amandamull, @stacycowley, @kashhill, @blakeaued, @steven_hyden, @gideonresnick, @anthony, @kerrymflynn, @samfbiddle, @scottwamplerbmd, @cliomiso, @itsa_talia, @thedailybeast, @megreenwell, @jasongay, @jay_jaffe, @jonbernhardt, @theisen95, @patrick_wyman, @lindseyadler, @hayesbrown, @caseyjohnston, @dcwoodruff, @emorwee, @andytarnoff, @theisen95, @rumorsandrants, @mikefromwoburn, @jamilahlemieux, @megreenwell, @outline, @ashleyfeinberg, @hamiltonnolan and @ashleyfeinberg

Drew Magary:
Drew Magary, “cheerfully profane sports blogger at-large”, resigns from Deadspin

Discussion: @samer, @gasman206, @drewmagary, @jjoyce, @tvoti, @barry, @ianfroeb, @clairelizzie, @adamweinstein, @david_j_roth, @bobbybigwheel, @kerrymflynn, @hayleighcolombo, @drewmagary and @megreenwell

Kelly Tyko / USA Today:

Gannett and New Media announce members of a board for the combined company after their proposed merger, led by New Media CEO and chairman Michael Reed — Gannett and New Media Investment Group Inc. announced on Tuesday who is expected to sit on the combined company's board of directors following …

Discussion: @jeffjarvis and @apantazi

Tony Maglio / The Wrap:

AMC Networks beats Q3 expectations with net income of $117M, up from $111M in Q3 2018, on revenue of $718.6M, up 3.1% YoY; ad revenue fell $2.6% to $194M — Aided by income tax cuts, AMC Networks reported better-than-expected Q3 earnings on Thursday, but the company whiffed on revenue estimates as domestic ad sales declined.

Discussion: Broadcasting & Cable, Broadcasting & Cable, The Streamable, Variety, AMC Networks Inc. and MediaPost

Brian Steinberg / Variety:

Catherine Herridge is leaving Fox News, where she's worked since 1996, for CBS News: “I feel privileged to join a team where facts ... will always matter” — Catherine Herridge, a Fox News Channel veteran who has been with that network since it was founded in 1996, is moving to rival CBS News.

Discussion: @hadas_gold, CNN, TVWeek.com, Politico, @cbsnewspress, Mediaite, Breitbart, @amy_siskind, @davidfolkenflik, @jmhaigh, Mediaite and @greta

Lucinda Southern / Digiday:

Amazon is rolling out its Onsite Associates Program in Europe, starting in the UK; publishers add their product reviews on Amazon for a cut of the purchase — Amazon has been rolling out its invite-only Onsite Associates Program in Europe. The program consists of product-buying guides created by affiliate publishers on the platform.

Scott Roxborough / Hollywood Reporter:

Netflix will lease more space in Amsterdam for its Europe, Middle East, and Africa headquarters, adding room that can accommodate about 800 employees — The streaming giant is leasing more than 95,000 square feet of additional office space for its Europe, Mid-East and African operations …

Crunchbase:

Crunchbase, which aggregates and provides business information on public and private companies, raises $30M Series C led by Omers Ventures — We are excited to share that Crunchbase just closed a $30 million dollar Series C funding round led by OMERS Ventures.

Discussion: TechCrunch and VentureBeat, more at Techmeme »

Reuters:

Thomson Reuters beats Q3 expectations with profit of $262M, up 51% YoY, on revenue of $1.41B, up 10% YoY, thanks to revenue paid by Refinitiv to Reuters News — NEW YORK (Reuters) - Thomson Reuters Corp (TRI.N) (TRI.TO), parent of the Reuters News agency, reported higher …

Discussion: Thomson Reuters

Janko Roettgers / Variety:

The Weather Channel, which has recorded about one mixed-reality segment a month, wants to use immersive mixed reality in 80% of on-air programming by next year — “Turn around, don't drown!” Standing in a street with rapidly rising waters, The Weather Channel meteorologist Chris Warren …

Discussion: Business Insider