Top News:
Janko Roettgers / Protocol:
Netflix plans to test a 48-hour free weekend in India, dubbed StreamFest and scheduled for Dec. 4, and may bring the promotion to other countries later — Netflix is looking to promote its service with a 48-hour free streaming event, confirmed COO Greg Peters during the company's Q3 2020 earnings call Tuesday afternoon.
Discussion:
Variety, @jank0, The Streamable, LightShed Partners, @richlightshed, CNET, Engadget and The Verge, more at Techmeme »
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Lauren Feiner / CNBC:
Netflix reports Q3 revenue of $6.44B, up 22.7% YoY, vs $6.38B est., and 2.2M paid net adds in Q3 vs 6.8M in Q3'19 and 10.1M in Q2'20; stock down ~5% after hours — - It's the first report since longtime Chief Content Officer Ted Sarandos was promoted to co-CEO.
The Information:
Sources: Jeffrey Katzenberg tried to sell Quibi's catalog to NBCUniversal and Facebook, but both passed; Katzenberg told others he may shut down the company — Jeffrey Katzenberg may be nearing the end of the road with his mobile video streaming service Quibi.
Discussion:
Engadget, @tomgara, @asunflowerpose, The Verge, @tomgara, @i_zzzzzz, @mcwm, @tony_zy, @pitdesi, @corybe, @readdanwrite, @yoda, @kateclarktweets, @alexeheath, @naveman, @nwcyeatman, @pixelatedboat, @clare_oc, @cityofthetown, @simonowens, @joshuatopolsky, @probgoblin, @nycjim, @jessicalessin, @kerrymflynn, @econompic, @coryweinberg, @brandybeephd, @benedictevans and @yoda, more at Techmeme »
Beatrice Verhoeven / The Wrap:
Variety EIC Claudia Eller returns after a 5-month leave and will hold that role through summer 2022; Cynthia Littleton, her successor, to be co-editor-in-chief — Variety Editor in Chief Claudia Eller will resume her role on Oct. 26 following an almost five-month leave …
Discussion:
Variety, Talking Biz News, @sharonwaxman, @mxkanteven, @kerrymflynn, @kerrymflynn, @richardrushfield and MediaPost
Thornton McEnery / New York Post:
Sources: Mike Bloomberg discussed a SPAC deal with Bill Ackman of Pershing Square Tontine Holdings to take Bloomberg LP public; Bloomberg spokesman denies talks — Michael Bloomberg has been in talks to take his media empire public through an entity controlled by billionaire Bill Ackman, The Post has learned.
Discussion:
@ttrippet, @raoulgmi, @hblodget, @theonlyhonest, @johnsfoley, Talking Biz News, @shanegoldmacher, @cgasparino and @bloomberg
Steven Perlberg / Digiday:
The Atlantic has new NY offices and had record subscriptions but is stuck in a long CEO selection process and has been posting losses since its staff expansion — During a rambling press conference last month, U.S. president Donald Trump blasted the Atlantic as “a second-rate magazine,” …
Discussion:
@ckrewson, @ron_fournier, @perlberg, @scottnover, @bgrueskin and @raju
Hamilton Nolan / Columbia Journalism Review:
Elite news outlets like WaPo are the most vulnerable orgs when powerful people no longer care how they get covered, a shift that threatens democracy — This month we learned that Tesla, a $400 billion public company run by one of the richest people in the world, has done away …
Discussion:
@blackamazon, @rachelwalexande, @peterhimler, @travisfain, @hragv, @hamiltonnolan, @cjr and @yoda
Antonio Garcia-Martinez / The Pull Request:
Elite news media outlets in the US are being torn apart by their own squabbles and destined to abandon the century-long tradition of non-partisan journalism — In what's becoming a Pull Request tradition, this is a companion piece to an interview of Martin Gurri, the great prophet of the media revolt.
Discussion:
@noahpinion, @mgurri, @blackamazon, @hotlinejosh, @hotlinejosh, @hotlinejosh, @kantrowitz, @hotlinejosh, @hotlinejosh, @antoniogm, @jarroddicker, @hkanji, @sonyasupposedly and @nxthompson
Ted Johnson / Deadline:
Trump campaign wants Thursday's debate to focus on foreign policy, protests possible rule changes like muting candidate's mics by an “unnamed person” — Donald Trump and Joe Biden are scheduled to meet again on Thursday for the second and presumably last debate …
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Alana Wise / NPR:
Debate commission announces new rule where only the candidate with the floor will have an open mic during new two minute sessions of uninterrupted speaking time
Discussion:
The Wrap, New York Times, @nbcnews, The Hill, Fox News, @davidagoodman, FactCheck.org, @sdp, @nprpolitics, Fortune, Yello, CNET, @asteadwesley, New York Times, CNN, Forbes and The Guardian
Kurt Wagner / Bloomberg:
Pinterest adds Salaam Coleman Smith, former top exec of Disney's ABC Family and president of NBCUniversal's Style Media, to its board of directors — - Former Disney executive Salaam Coleman Smith joins board — Pinterest Inc. has added media industry veteran Salaam Coleman Smith …
Salvador Rodriguez / CNBC:
Snap reports Q3 revenue of $679M, up 52% YoY, vs $555.9M est., DAUs were up ~18% YoY to 249M, average number of daily Snaps up 25% YoY; Snap up 23%+ after hours — - Snap's stock price soared more than 15% after hours on Tuesday as the company posted an unexpected, adjusted profit along …
Discussion:
Ad Age, @levynews, Business Wire, Adweek, Hollywood Reporter, @mattrosoff, @ashkan, Reuters, TechCrunch, The Information, Social Media Today, @kateconger and Engadget, more at Techmeme »
Jasper Craven / Battle Borne:
After it shut down last week, a look back at NYT's At War, which launched in 2009 as a successor to Baghdad Bureau blog, as pubs scale back coverage of US wars — When The New York Times established “At War” as a blog in 2009, it represented a radical new approach to reporting on conflict, and what comes after it.
Discussion:
@peternickeas, @halbritz, @valerieinsinna, @carolinecbaxter, @jimgolby, @cjchivers and @wesleysmorgan
Mike Madarasz / Digiday:
Jim Cooper named editor-in-chief of Digiday, which he joined in June as managing editor — Quality over quantity is a core value at Digiday Media. We're relentlessly focused on making sure that comes through in everything that we do and oftentimes, that starts with our editorial coverage and design.
Discussion:
Talking Biz News, @joshsternberg, @nickfriese, @jasonlynch and @jcoopernyc
John Eggerton / Multichannel News:
With affiliate fees falling, C-SPAN is allowing ads on its YouTube channel, podcasts, and website, and is considering launching ad-supported virtual channels — Multichannel News is part of Future plc, an international media group and leading digital publisher. Visit our corporate site.
Discussion:
@pdad, The Desk and The Streamable
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