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9:35 AM ET, October 27, 2021

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 Top News: 
Charlie Warzel / Galaxy Brain:
Sources say Facebook Papers have no sharing restrictions, so media outlets should model transparency and make them publicly accessible  —  OK, STRAP IN, NERDS:  —  Charlie Warzel @cwarzel  —  legitimately don't know how to consume this much facebook news  —  October 25th 2021  —  32 Retweets397 Likes
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Washington Post:
Internal docs show Facebook staffers agonized over whether the company was nudging news organizations to produce “darker, more divisive content”  —  In November 2018, the staff of Facebook's fledgling Civic Integrity department got a look at some eye-opening internal research …
Makena Kelly / The Verge:
Biden names Jessica Rosenworcel to officially lead the FCC, nominates Gigi Sohn as third Democratic commissioner, but it's unclear if Senate will confirm soon  —  And progressive Gigi Sohn as a third Democratic commissioner  —  President Joe Biden named acting Federal Communications …
Sara Fischer / Axios:
Good Information Inc., funded by Reid Hoffman and others, launches to invest in media companies that tackle misinformation  —  A new public benefit corporation backed by billionaires Reid Hoffman, George Soros, and others is launching Tuesday to fund new media companies and efforts that tackle disinformation.
Sarah Ellison / Washington Post:
Stewart Bainum's Baltimore Banner will be led by LAT's Kimi Yoshino, with a $15M budget for its first year and plans to hire roughly 50 reporters  —  The Maryland hotel magnate tried but failed to buy the Baltimore Sun.  Now he's trying to demonstrate a new business model for local news.
Todd Spangler / Variety:
Spotify reports Q3 revenue of $2.9B, up 27% YoY; MAUs rose 19% YoY to 381M as Premium users rose 19% YoY to 172M; ad sales rose 75% YoY to $374M  —  Spotify posted double-digit gains for overall monthly users and paid subscribers for the third quarter of 2021, in line with expectations …
Sarah Scire / Nieman Lab:
Q&A with Samantha Melbourneweaver, head of LAT's audience team, on the growing importance of such teams within newsrooms, plans for a “meme team”, and more  —  The Los Angeles Times announced a major expansion of its audience team earlier this month, saying they'll add …
Tarpley Hitt / Gawker:
Sources: images in thousands of BuzzFeed posts were taken down in 2020 to ward off copyright claims; staffers can restore images if they're credited or licensed  —  In 2013, BuzzFeed ran a story about Bradley Cooper wearing a knit beanie so large it hid his entire hairline and fell down his neck …
New York Times:
Netflix will bid for a 289-acre chunk of former US Army post Fort Monmouth in NJ, to create its second-largest production complex, behind ABQ Studios in NM  —  The streaming service said it would bid for a nearly 300-acre chunk of Fort Monmouth and it has the support of Gov. Phil Murphy.
Todd Spangler / Variety:
YouTube Q3 ad revenue rose to $7.2B, up 43% YoY and up from $7B in Q2; music and Premium subscribers surpassed 50M  —  YouTube kept raking in huge ad bucks in the third quarter of 2021 and now counts more than 50 million subscribers worldwide for its music and YouTube Premium services.
Mónica Marie Zorrilla / Variety:
UCLA Hollywood Diversity study: in 2019-2020, women almost reached parity with men in casts and writers' rooms; Latinx still underrepresented across the board  —  People who identify as Hispanic or Latinx make up 18.5% of the United States' population, but as a Hollywood Diversity Report TV analysis …
 
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 More News: 
Manish Singh / TechCrunch:
Snap says it has 100M MAUs in India and partners with entertainment TV channels Sony and Zee TV for curated content in Snapchat's Discover section
Brian Steinberg / Variety:
YouTube TV adds Fox Nation as an optional add-on for $5.99/month, offering primetime opinion shows a day after they air on Fox News and more
Conor Clark / Gay Times:
BBC faces backlash for an article by staffer Caroline Lowbridge, partly based on a small social media survey, with critics calling the story transphobic
 Earlier Picks: 
@novaramedia:
YouTube reinstates UK left-wing news outlet Novara Media's channel after deleting it without warning
Ashley Carman / The Verge:
Internal presentation details Amazon's “Project Mic”, a live audio app that lets users host radio shows, complete with music, focused on the US initially
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
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

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

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

 
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