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, CNBC, @jank0, @jank0, MediaNama, @jank0, The Next Web, @richlightshed, The Streamable, CNET, Engadget, The Verge and LightShed Partners, 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:
@i_zzzzzz, @mcwm, @tony_zy, @pitdesi, @corybe, @tomgara, MacRumors, @readdanwrite, The Desk, @brosandprose, @jbillinson, @nathanblawrence, @yoda, @kateclarktweets, @alexeheath, @naveman, @nwcyeatman, @tomgara, @pixelatedboat, @clare_oc, Engadget, @cityofthetown, @simonowens, @joshuatopolsky, @probgoblin, @nycjim, @jessicalessin, @kerrymflynn, @asunflowerpose, @econompic, @coryweinberg, @brandybeephd, @benedictevans, @yoda and The Verge, 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, @sharonwaxman, @mxkanteven, @kerrymflynn, @kerrymflynn, @richardrushfield, Talking Biz News 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, @nongaap, @johnsfoley, @shanegoldmacher, @cgasparino, @bloomberg, @katekelly and Talking Biz News
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 …
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 …
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.
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:
Press Gazette and @jeffjarvis
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:
@blackamazon, @hotlinejosh, @noahpinion, @mgurri, @hotlinejosh, @hotlinejosh, @kantrowitz, @hotlinejosh, @hotlinejosh, @antoniogm, @jarroddicker, @hkanji, @sonyasupposedly and @nxthompson
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, @mattrosoff, @ashkan, Social Media Today, @kateconger, Adweek, The Information, Hollywood Reporter, Business Wire, Engadget and TechCrunch, more at Techmeme »
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:
@davidagoodman, FactCheck.org, @sdp, The Wrap, The Hill, Yello, Fox News, @nprpolitics, @nbcnews, CNET, New York Times, @asteadwesley, New York Times, CNN, Forbes and The Guardian
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:
@ron_fournier, @ckrewson, @scottnover, @raju, @bgrueskin and @perlberg
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