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8:55 PM ET, November 5, 2020

Mediagazer

 Top News: 
Edmund Lee / New York Times:
NYT hits 7M subscribers as digital-only subscriber revenue tops print subscriber revenue, a first; Q3 net income doubled to $33.6M on revenue of $426.9M  —  For the first time, the publisher brings in more revenue from online readers than its print subscribers.
New York Times:
Trump and advisers erupted when Fox News called AZ for Biden; source: Jared Kushner called Rupert Murdoch; Jason Miller asked for a retraction that didn't come  —  The Fox News decision left the president fuming, and his team complaining.  Then he began casting aspersions on other states' vote counts.
RELATED:
Matt Gertz / Media Matters for America:
On Wednesday morning, Fox & Friends was supporting Trump's attempted election theft, priming its audience to treat the ongoing counting of ballots as fraudulent
Jack Shafer / Politico:
Despite a protracted count, the three major cable networks kept trying to sustain excitement over the US election rather than admitting there was no news
Oliver Darcy / CNN:
News anchors, including from Fox News, forcefully called out Trump after he prematurely declared himself the victor of the 2020 election
CNBC:
Memo: ESPN will lay off ~300 staff and not fill 200 open positions, citing COVID and shift to streaming; ESPN also won't renew contracts for some on-air talent  —  KEY POINTS  — The layoffs come as parent company Disney restructures its entertainment and media business.
Jason Gurwin / The Streamable:
Janko Roettgers / Protocol:
Loupe, which takes a 30% cut of sales of prints of paintings and photos it shows as slideshows on Pluto TV and others, says it'll have 2M viewers by end of 2020  —  Good morning, and welcome to Protocol Next Up, a weekly newsletter about the future of technology and entertainment.
Discussion: MediaPost, New York Post and @anthony
Rebecca Rubin / Variety:
Disney to lay off 50+ employees drawn from studio marketing, its NY-based theatrical unit, and Searchlight Pictures, also cuts several hundred open positions  —  Disney has enacted more layoffs, impacting more than 50 employees in the studio's marketing group, the NY-based theatrical division and Searchlight Pictures.
Discussion: Deadline, The Wrap and Deadline
Meredith Corporation:
Meredith reports earnings of $42M on revenue of $694M, down 4% YoY, but benefiting from a 43% increase in local political spot advertising over 2018  —  Delivers Record First Quarter Digital Advertising and Political Revenues  —  Generates Operating Cash Flow of $79 Million; $201 Million Cash on Hand
Discussion: @scottbrodbeck
 
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 More News: 
Ingrid Lunden / TechCrunch:
TikTok seems to be testing a Learn tab to showcase education and how-to videos, which it's also populating with content from publishers like Self and WWD
 Earlier Picks: 
Jennifer Elias / CNBC:
YouTube says it won't remove an OANN video called “Trump won”, which claims Democrats are tossing GOP ballots, but says the video undermines election confidence