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12:55 PM ET, November 6, 2020

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 Top News: 
CNN:
Fox News memos direct talent not to call Biden “President-elect” when the race is called and instead say he “has enough electoral votes to win the presidency”  —  New York (CNN Business)Fox News is instructing its anchors not to call Joe Biden the “President-elect” …
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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.
New York Times:
ABC, CBS, NBC, and MSNBC cut away from Trump's news conference on Thursday to correct his many false claims, while CNN and Fox News carried it live  —  Fox News and CNN stuck with the White House news conference, but reported afterward that the president offered no evidence for his accusations of vote fraud.
Devin Coldewey / TechCrunch:
Twitter permanently bans Steve Bannon's @WarRoomPandemic and YouTube pulls episode of his show after he called for execution of FBI director Wray and Dr. Fauci  —  Former Presidential advisor and right-wing pundit Steve Bannon had his show suspended from Twitter and an episode removed …
Elsa Keslassy / Variety:
Netflix is testing Direct, its linear channel with real-time, scheduled programming from its library, which is accessible on its site to subscribers, in France  —  Netflix has chosen France to test its first channel offering.  —  Named Direct, the linear channel — which is only available to subscribers …
Brian Steinberg / Variety:
Discovery Q3: net income rises to $300M from $262M on revenue of $2.6B, down 4% YoY; CEO says new streaming service will be unveiled in December  —  Discovery plans to offer full details on its soon-to-launch streaming service in December, the company's top executive said Thursday …
Sahil Patel / Wall Street Journal:
As smart TVs become more popular, advertisers want the advantages of better targeting while avoiding the privacy mistakes made by the online ad industry  —  Marketers hope to avoid the mistakes made by the broader online ad industry  —  Advertisers entering the burgeoning medium of streaming TV …
Ben Munson / FierceVideo:
Tegna plans to launch OTT ad-supported streaming apps for its TV stations on Amazon Fire TV by the end of 2020; it is already available on Roku  —  Tegna, a U.S. broadcast television station group, said it is planning to launch OTT streaming apps for its stations on Amazon Fire TV by the end of 2020.
Lucas Shaw / Bloomberg:
ViacomCBS says Q3 domestic streaming revenue rose 56% YoY to $636M with 17.9M subscribers, up 72% YoY; Pluto TV MAUs reached 28.4M, up 57% YoY  —  ViacomCBS Inc. reported strong growth at its three streaming services, a sign it is well-positioned as audiences shift online from its bread-and-butter business of pay TV.
Natasha Lomas / TechCrunch:
Data privacy campaigners file a legal challenge against ICO, the UK's data protection watchdog, arguing data use in ad tech remains a systemic problem  —  The UK's data watchdog is facing a legal challenge after it took the decision to quietly close a complaint against the adtech industry's …
@kerrymflynn:
Memo: Jonah Peretti says BuzzFeed will be profitable for 2020 despite the pandemic and employees affected by earlier salary cuts will get “restoration payments”  —  Last month, WSJ reported BuzzFeed was “on target to break even this year for the first time since 2014”: https://www.wsj.com/... Today, CEO Jonah Peretti told staff BuzzFeed reached profitability + all staffers affected by graduated salary reductions will have salaries restored https://twitter.com/...
Sameer Yasir / New York Times:
As India falls two places on the global press freedom index, Arnab Goswami, an anchor of India's Republic TV, has been detained on charges of abetting a suicide  —  The conservative anchor Arnab Goswami was detained on charges of abetting a suicide in Mumbai, where an opposition party is in power.
 
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 More News: 
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
Discussion: Deadline and The Wrap
 Earlier Picks: 
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
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