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5:20 PM ET, October 25, 2021

Mediagazer

 Top News: 
Wall Street Journal:
Internal docs show frequent heated debates among Facebook staff and execs about how to rank, fact check, and moderate content of right-wing pubs like Breitbart  —  Employees allege content rules aren't enforced for Breitbart and other right-wing publishers for fear of public blowback …
RELATED:
Ben Smith / New York Times:
How Frances Haugen maximized the impact of her leaked Facebook documents, rolling them out first to WSJ and then broadening to a large group of outlets  —  In a time of mega-leaks, journalists' sources have become power players.  Frances Haugen, the former Facebook executive who shared company documents …
The Information:
More than 12 news outlets, including AP and Fox Business, form a consortium to sift leaked Facebook docs from Frances Haugen, reporting stories separately  —  It's not often that major news organizations coordinate to sift through a large trove of leaked company documents and agree …
Craig Timberg / Washington Post:
Whistleblower claims Facebook VP Joel Kaplan defended a Breitbart exemption from platform rules, asking: “Do you want to start a fight with Steve Bannon?”  —  Latest complaint to the SEC blames top leadership for failing to warn investors about serious problems at the company
Ben Hubbard / New York Times:
Citizen Lab: the iPhone of Ben Hubbard, an American reporter for NYT, was hacked in 2020 and 2021, likely by Saudi Arabia using NSO's Pegasus; NSO denies claim  —  Invasive hacking software sold to countries to fight terrorism is easily abused.  Researchers say my phone was hacked twice, probably by Saudi Arabia.
Financial Times:
Fox launches Fox Weather in a new HQ with 120 meteorologists and a ceiling that changes color with the weather, as critics say it will face credibility issues  —  TV channels bet that reports of increasingly extreme climate can pull them out of a ratings nosedive
Dan Froomkin / Press Watch:
Interview with LA Times politics columnist Jackie Calmes, who calls on reporters to end false equivalence by never using quotes with lies without refuting them  —  Jackie Calmes, a veteran former New York Times White House reporter, lit up media Twitter over the weekend with a powerful …
Cynthia Littleton / Variety:
The “Rust” tragedy reflects troubling trends on sets, including inexperience and complacency, as production companies cut costs to keep up with content demand  —  The details of what went horribly wrong on the New Mexico set of “Rust” will be gathered in the coming weeks through multiple public and private investigations.
RELATED:
Los Angeles Times:
Sources: citing unsafe working conditions, a half-dozen camera crew workers walked off the Rust set hours before Alec Baldwin fatally shot a cinematographer
Todd Spangler / Variety:
Cameo makes its first acquisition, buying Represent, which develops and operates direct-to-fan ecommerce sites for celeb clients like Leonardo DiCaprio  —  Cameo, the startup that has built a fast-growing business selling video shout-outs from celebrities (and others), is extending into a new line of fandom business.
Amrith Ramkumar / Wall Street Journal:
LA-based esports collective FaZe Clan to go public through a SPAC merger, valuing the company at ~$1B  —  Backed by the singer Pitbull and other entertainment and sports celebrities, FaZe Clan targets Gen Z and millennial consumers  —  Youth-focused online platform FaZe Clan Inc. is nearing …
Stephen Witt / New Yorker:
Profile of Patrick Soon-Shiong, a controversial doctor who bought LA Times with “little due diligence” thinking owning it would be “easier than curing cancer”  —  The billionaire doctor has become one of Los Angeles's most prominent civic leaders, after a boundary-pushing ascent in medicine.
Stephanie Condon / ZDNet:
Facebook says Q3 ad revenue grew 33% YoY to $28.28B but warns of “continued headwinds” in Q4 due to Apple's ATT changes in iOS  —  The social media giant also expects its “metaverse” investments will reduce operating profits by $10B for FY 2021, as it begins breaking out Facebook Reality Labs as its own business segment
 
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 More News: 
Alison Weissbrot / Campaign:
GroupM and Hogarth partner on an addressable content practice that combines performance targeting with personalized messaging and content
Discussion: Ad Age and MediaPost
Lauren Harris / Columbia Journalism Review:
Cook County (MN) News-Herald editor, the CEO of CherryRoad, which owns 26 small papers, and a researcher discuss the future of small-market papers in the US
 Earlier Picks: 
Karlene Lukovitz / MediaPost:
Morning Consult: 44% of US adults say streaming services carry too many ads, 69% say the ads are repetitive, 53% say they find the ads somewhat or very invasive