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7:55 PM ET, October 19, 2021

Mediagazer

 Top News: 
Jessica Bursztynsky / CNBC:
Netflix reports Q3 revenue of $7.48B, up 16% YoY, operating income of $1.76B, up 33% YoY, and 214M paid subs, adding 4.4M YoY and beating estimates of 3.84M  —  - Netflix is set to report earnings after the bell Tuesday.  —  Netflix CEO Reed Hastings  —  Netflix shares were up more than 2% …
Laura Hazard Owen / Nieman Lab:
The three remaining board members of Akron's The Devil Strip launch a $75K GoFundMe campaign to try to keep the publication afloat, after its abrupt demise  —  Akron, Ohio's “community-owned magazine,” The Devil Strip, gained attention for its unusual business model: It claimed to be the …
RELATED:
@akrondevilstrip:
Staff at The Devil Strip, a reader-owned news co-op in Akron, OH, say their board told them Oct. 15 that the outlet lacked funds; they were laid off on Oct. 18
Jeff Kotuby / The Streamable:
Report: Netflix and YouTube had a 47% combined share of “connected TV time spent” in June, down just 2% from January 2020 despite growth in rival services  —  Netflix and YouTube may be far more dominant than we realize.  —  According to a report from LightShed Partners …
AllAccess.com:
Filing: John Malone's Liberty Media sold its entire stake in iHeartMedia, apparently ending Liberty's long-running effort to gain control of the broadcaster  —  What do you think?  Add your comment below.  —  LIBERTY MEDIA CORP. has sold off its 5,941,248 shares of iHEARTMEDIA Class A Common Stock at $25.25/share.
Discussion: Billboard
Todd Spangler / Variety:
Comcast unveils XClass smart TVs starting at $298, available at Walmart, and offering 12 months of ad-supported Peacock Premium for free in the US  —  Comcast is going direct-to-consumer — offering streaming TV services to consumers across the U.S., including outside its traditional service areas …
Amanda Meade / The Guardian:
The Sydney Morning Herald editor Lisa Davies resigns after five years leading the newsroom, leaving both the Herald and the Sun-Herald without editors  —  Davies is to step down immediately, leaving both the Herald and Sun-Herald without editors  — Download the free Guardian app; get our morning email briefing
Zoe Schiffer / The Verge:
Ahead of the Wednesday walkout, Netflix's trans employees release demands including putting a warning on transphobic content and boosting trans-affirming titles  —  Taking down the Dave Chappelle special isn't one of them  —  The trans employee resource group at Netflix has released a list …
Paul Farhi / Washington Post:
WaPo promotes Cameron Burr to senior managing editor and gives the chief product officer title to Kat Downs Mulder, currently managing editor for digital  —  The Washington Post will promote two veteran editors to new senior roles and will expand the responsibilities of a third top editor …
Nieman Lab:
Analysis of 141K headline A/B tests run by 293 news sites: such tests can boost stories' traffic but no single feature of writing style makes much difference  —  What makes a good headline?  Over-the-top superlatives?  Clever wordplay?  Eye-popping numbers?  —  Newsrooms grapple with this question on a daily basis.
Hugo Miller / Bloomberg:
UK's CMA says it is launching a study of the music streaming market's competitiveness; over 80% of music in the UK is now streamed  —  The U.K.'s music streaming market is facing scrutiny from the country's competition watchdog in a study that'll better understand the industry to ensure it remains competitive.
 
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 More News: 
Dorany Pineda / Los Angeles Times:
The Black Mountain Institute at University of Nevada Las Vegas will stop publishing The Believer magazine in spring 2022, citing the pandemic's financial impact
 Earlier Picks: 
Wall Street Journal:
Sources: Moonbug, owner of the popular children's show CoComelon, is exploring a sale or IPO at a $3B+ valuation, and is projecting a ~$100M profit this year
Edward Ongweso Jr / VICE:
Facebook posts an odd thread attacking 30+ unnamed journalists “finishing up a coordinated series of articles based on thousands of pages of leaked documents”
Ben Smith / New York Times:
Axel Springer removes Bild editor Julian Reichelt after an NYT report detailed allegations that he behaved inappropriately with women at the publication
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Paresh Dave / Wired:
Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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