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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:
Wall Street Journal, The Wrap, Variety, Simon Owens's Tech …, The Streamable, The Verge, Light Reading, New Republic, @jessicalessin, The Playlist, @emmavigeland, @jeffdlowe, @jeffjarvis, @tomgara, Best Evidence, @owillis, @tomgara, @brosandprose, @jbillinson, @nathanblawrence, @tomgara, Digital TV Europe, MediaPost, @asunflowerpose, @sub8u, @naveman, @nwcyeatman, @brandybeephd, @tony_zy, @corybe, @kateclarktweets, @clare_oc, @econompic, @coryweinberg, @simonowens, The Desk, Fortune, @kerrymflynn, @yoda, @i_zzzzzz, @mcwm, @pitdesi, @readdanwrite, @pixelatedboat, @joshuatopolsky, @probgoblin, @jessicalessin, @benedictevans, @yoda, @alexeheath, @nycjim, @cityofthetown, MacRumors and Engadget, more at Techmeme »
Janko Roettgers / Protocol:
Netflix to test a 48-hour free streaming event in India, dubbed StreamFest and scheduled for December 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, CNBC, @jank0, MediaNama, @jank0, Variety, Winter is Coming, The Next Web, Cord Cutters News, @richlightshed, The Streamable, 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 2019 and 10.1M in Q2 2020 — - It's the first report since longtime Chief Content Officer Ted Sarandos was promoted to co-CEO. — Netflix told shareholders last quarter …
Discussion:
Netflix, The Verge, Observer, Washington Post, The Streamable, GuruFocus New Articles, Seeking Alpha, Los Angeles Times, @bradesposito, @akikofujita, @edmundlee, @xpangler, @lucas_shaw, @lamonicabuzz, @samro, @andrewthrasher, @pkafka, Bloomberg, TechCrunch and The Verge, more at Techmeme »
Owen Thomas / San Francisco Chronicle:
Hearst is offering San Francisco Chronicle employees voluntary buyouts in an effort to cut expenses — Hearst, the owner of The Chronicle, offered employees voluntary buyouts Tuesday in an effort to cut its expenses as the economic effects of the coronavirus pandemic and the outlook for many businesses remained unclear.
Discussion:
@jordan_rubio, @palewire and @haleaziz
Rob Walker / Marker:
Profile of Nick Quah, who says Hot Pod, his newsletter about podcasting, has between 20,000 and 25,000 subscribers and earns six figures — Nick Quah's newsletter vaulted him from obscurity to industry expert — a formula everyone is now trying to crack — It — was early November 2014, and Nicholas Quah was irritated.
Discussion:
@notrobwalker, @gloria_oh, @kozemoze, @daniellesacks, @bobbiegossage, @mrkr, @taylorlorenz, @pkafka and @pkafka
Lara O'Reilly / Digiday:
The Economist says subscriptions and circulation accounted for two-thirds of its £326M revenue in the year ending March 31, as it focuses on retaining subs — Bob Cohn joined The Economist Group in February after more than a decade at The Atlantic, where he served on both sides of the fence …
Discussion:
@imkevinyoung and @larakiara
Leah Asmelash / CNN:
Student journalists at the Daily Gamecock, USC's independent student newspaper, say they are taking a two week hiatus, citing burnout and mental health concerns — (CNN)Student journalists at the University of South Carolina are putting themselves first. — Citing burnout and mental …
Discussion:
@john_p_carvalho and @briannedmr
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:
@benyt, @blackamazon, @hotlinejosh, @noahpinion, @mgurri, @hotlinejosh, @hotlinejosh, @kantrowitz, @hotlinejosh, @hotlinejosh, @antoniogm, @jarroddicker, @hkanji, @sonyasupposedly and @nxthompson
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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
Discussion:
@benyt, @statesdj, @talkopan, @jbenton, @will_bunch, @rachelwalexande, @travisfain, @blackamazon, @yoda, @hragv, @cjr, @hamiltonnolan and @peterhimler
Thomas Seal / Bloomberg:
UK's Independent to launch in India in the next few months and in China in a year, says sales and profits grew in the “double digits” in FY ended last month — - Sales, profits grew in the ‘double digits’ in last fiscal year — Editor Christian Broughton to become managing director
Discussion:
@srinisivabalan, Press Gazette and @jeffjarvis
Georg Szalai / Hollywood Reporter:
Verizon Media reports Q3 revenue of $1.7B, down 7.4% YoY but up 21.2% QoQ; FiOS TV lost 61,000 subscribers — The telecom giant, led by CEO Hans Vestberg, added 144,000 net new broadband customers, “the most since the fourth quarter 2014.” — Telecom giant Verizon on Wednesday reported …
Discussion:
@chrisharihar
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, @sharonwaxman, @richardrushfield, @mxkanteven, @kerrymflynn, @kerrymflynn, Talking Biz News and MediaPost
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 …
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, @nongaap, @katekelly, @bloomberg, @raoulgmi, @hblodget, @theonlyhonest, @johnsfoley, @shanegoldmacher, @cgasparino and Talking Biz News
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