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8:50 AM ET, November 4, 2020

Mediagazer

 Top News: 
Oliver Darcy / CNN:
News anchors, including from Fox News, forcefully called out Trump early Wednesday morning after he prematurely declared himself the victor of the 2020 election  —  New York (CNN Business)News anchors forcefully called out President Donald Trump early Wednesday morning after he prematurely declared himself …
David Folkenflik / NPR:
Remembering premature media projections in 2000 of the winner of the Bush-Gore race, and how media executives say they will be incredibly careful, this time  —  Twenty years ago this week, I begged my bosses to stop the presses so we could avoid reporting a huge story that wasn't true …
RELATED:
Sara Fischer / Axios:
Twitter says it will use at least two sources, from among ABC News, AP, CNN, CBS News, Decision Desk HQ, Fox News, and NBC News, to call US election results
Benjamin Mullin / Wall Street Journal:
TV news networks say they gamed out how to handle initial vote tabulations that could be misleading and are prepared to push back on false claims by candidates
Axios:
Facebook says it will rely on election results from Reuters, the Associated Press, and six independent decision desks at major media outlets it didn't identify
Discussion: Variety, The Media Nut and CNBC
Margaret Sullivan / Washington Post:
Election results show media's failures in covering the Latino vote and that Trump successfully convinced huge swaths of the US that the media spins fake news  —  By early morning Wednesday, there was a lot that millions of anxious Americans didn't know.  —  Mainly, they didn't know who the president-elect is.
Wall Street Journal:
Sources: Comcast is in talks with Walmart to develop and distribute smart TVs, as the cable giant looks to become a dominant hub for streaming apps  —  Under the terms being discussed, the retail giant would promote TV sets running Comcast software and receive share of recurring revenue
Etan Vlessing / Hollywood Reporter:
Canada proposes to regulate global streamers like Netflix and Disney+ in the country, requiring them to invest $800M+ in Canadian content creators by 2023  —  Ottawa unveiled Bill C-10 to collect $800 million from foreign streaming platforms by 2023 to tell Canadian stories.
Discussion: @anguslivingston
Georg Szalai / Hollywood Reporter:
Sinclair Broadcast Group Q3: revenue was up 37% YoY to $1.54B, net income of $161M, and political ad revenue grew $6M from Q3 2019 to $109M  —  “While core advertising trends in our broadcast segment continue to face challenges due to the pandemic, we did see improvement as we moved through the quarter."
Discussion: stockhouse
Alex Sherman / CNBC:
Sources: AT&T in talks to sell a significant minority stake in DirecTV, AT&T Now, and U-Verse pay-TV, where the buyer would run pay-TV distribution operations  —  - AT&T is considering selling significant minority stake in DirecTV, AT&T Now and U-Verse pay-TV operations.
Lindsey Ellefson / The Wrap:
Anchor Linsey Davis says ABC News Live streaming service averaged 23M monthly viewers from March to August, up 118% from the previous six months  —  Anchor Linsey Davis tells TheWrap that timing and the ability to deliver context without time constraints led viewership to surge
Ashley Carman / The Verge:
Snapchat now lets creators display their subscriber counts, the first time Snapchat has given users any public-facing metric of their audience or followers  —  Great for brand deals  —  Snapchat is now allowing creators to publicize how many subscribers they have.
Jack Nicas / New York Times:
Study: YouTube's recent efforts to reduce recommendations of misinfo from fringe channels worked, but Fox News is now the most recommended for election videos  —  To battle false information, YouTube cut its recommendations to fringe channels and instead promoted major networks, especially Fox News.
 
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 More News: 
Brian Stelter / CNN:
A dozen beat reporters who covered Trump and Biden for TV networks and websites describe the surreal experience of covering the campaigns during a pandemic
Charlotte Tobitt / Press Gazette:
In the UK, Newsquest's pre-tax profits fell 88% YoY to £13.4M on revenue of £187.7M in 2019; it closed 10 newspapers and cut 9% of editorial staff, down to 676
Sarah Perez / TechCrunch:
Hulu enables Watch Party social viewing on Hulu.com for its live-streamed election coverage, provided by ABC News, the first time it's done so for a live event
Discussion: The Streamable
 Earlier Picks: 
Thomson Reuters:
Thomson Reuters says Q3 revenue rose 2% YoY to $1.44B with operating profit of $318M; Reuters News had revenue of $154M, down 2% YoY
Discussion: Reuters
Fort Worth Star-Telegram:
Management at McClatchy's Fort Worth Star-Telegram voluntarily recognizes union for newsroom employees
Dade Hayes / Deadline:
Fox reports $2.72B in Q1 revenue with overall ad revenue falling 7% YoY to $969M due to loss of live sports, but Fox News ad revenue rose 18% YoY