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12:10 PM ET, October 27, 2021

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 Top 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; stock up 6%+  —  Spotify posted double-digit gains for overall monthly users and paid subscribers for the third quarter of 2021, in line with expectations …
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Sarah Perez / TechCrunch:
Spotify cites Edison Research and its own internal data to claim it “recently became” the most-used US podcast platform and says it has 3.2M podcasts  —  In September, analysts at eMarketer predicted Spotify was poised to overtake Apple Podcasts in U.S. listenership sometime this year.
Discussion: 9to5Mac
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 …
RELATED:
Charlie Warzel / Galaxy Brain:
Sources say Facebook Papers have no sharing restrictions, so media outlets should model transparency and make them publicly accessible
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 …
Alex Weprin / Hollywood Reporter:
Discussion: nexttv.com, Variety and Light Reading
Sara Guaglione / Digiday:
BBC, Bloomberg, FT, Group Nine, and the Economist say they're receiving increased advertiser requests around sustainability and climate coverage  —  As publishers invest in more climate coverage this year, the question remains whether or not this content category is also drawing interest from advertisers.
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 …
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  —  Snap said today it has amassed 100 million monthly active users in India, an impressive feat in the key overseas market where Facebook …
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 …
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.
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 …
 
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 More News: 
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: 
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
@novaramedia:
YouTube reinstates UK left-wing news outlet Novara Media's channel after deleting it without warning
Sara Fischer / Axios:
Good Information Inc., funded by Reid Hoffman and others, launches to invest in media companies that tackle misinformation
 

 
From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

Bob Van Voris / Bloomberg:
US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions

 
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