Top News:
Marc Tracy / New York Times:
NYT Q3 : $65M operating profit, up 15% YoY, on revenue of $509M, up 19.3% YoY; 455K new digital subs for a total of 8.4M subs, of which 1M+ are outside the US — After moving behind a paywall, Wirecutter added to the company's revenue stream. — The New York Times Company said on Wednesday …
Charlie Warzel / Galaxy Brain:
Charlie Warzel on leaving Substack, where he had 16K subscribers and 1.4K paid subs: he wasn't niche enough, didn't do enough “grievance blogging”, and more — (Not going to the metaverse...yet) — Before I get extra self-indulgent, I'll lead with the news.
Discussion:
@lainnafader, The Atlantic, @jessicalessin, @robinwigg, @harrymccracken, @megh_wright, @mikeisaac, @paulbradleycarr, @donmoyn, @kyleorl, @rubycramer, @mattyglesias, @ggreenwald, @ggreenwald, @cwarzel, @id4ro, @daveweigel, @jyarow, @jessgrose, @fmanjoo, @anthony, @lucas_shaw, @lucas_shaw, @lucas_shaw, @alyssakeiko, @mikeisaac, @cwarzel, @martinsfp, @sub8u, @mattbrownep, @annehelen, @cooperlund, @ericnewcomer, @chrislhayes, @conorsen, @seamushughes, @tomchivers, @kateaurthur, @nielslesniewski, @juliacarriew, @thestalwart, @rebexxxxa, @ggreenwald, @laurahazardowen, @rafat, Nieman Lab and The Present Age
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Sara Fischer / Axios:
The Atlantic rolls out its new newsletter program, which will be free until the end of November, with nine contracted writers including Charlie Warzel
Discussion:
American Press Institute, Poynter, @cwarzel, @cwarzel, @sarafischer, @noahchestnut, @simonowens, The Atlantic, @sarafischer, @rsingel, Columbia Journalism Review, @cwarzel, Emily Writes Weekly, The Rebooting, @shortformernie, @adriennelaf, @loudmouthjulia, @smalera, @roncharles, @hamishmckenzie, @hamishmckenzie, The Atlantic, @mathewi, @derjarjour, @danshipper, @davidgura, @cboehm, @jacobrubashkin, @talkopan, @mattietk, @biblioracle, @mediaevan, @yair_rosenberg, @imaniperry, @nicolesjchung, @mollyjongfast, @cwarzel, @bmorrissey, @baekdal, @cwarzel, @simonowens, @rafat, @pkafka, Today in Tabs, Yair's Newsletter, Simon Owens's Media Newsletter and @mattyglesias
Christian Davies / Financial Times:
A look at South Korea as a cultural exporter, from K-pop to TV shows and video games, and its desire for homegrown global platforms to distribute its content — Having given the world K-pop, Parasite and Squid Game, it now wants to create global platforms to distribute its content
Discussion:
New York Times, @nytmedia, @katerinareports, @jburnmurdoch, @thejoegriffin, @georgeosborn, @koreasociety and @crsdavies
Jessica Toonkel / The Information:
Sources: a company led by Kevin Mayer and Tom Staggs is nearing a deal to acquire Moonbug Entertainment, in a deal that could value the CoComelon-owner at $3B+ — A Blackstone-backed company led by former Disney executives Kevin Mayer and Tom Staggs is nearing a deal to acquire Moonbug Entertainment …
Discussion:
The Wrap, @sizpatel, @benaxelrod, @andrewmarchand and Wall Street Journal
Amanda Silberling / TechCrunch:
Amazon Music for Android and iOS is rolling out auto-generated, synchronized transcripts for select podcasts in the US — Starting today, Amazon Music is launching auto-generated, synchronized transcripts on select podcasts for users in the United States. Rolling out for the latest version …
Discussion:
The Verge, RAIN News, @mathewi, @marceloplima, @amazonmusic, @kintan, Variety and Engadget
Raksha Kumar / Reuters Institute for the Study …:
How China is reshaping international media coverage with deals and investments in Italy, the Philippines, Kenya, the Czech Republic, and more — Beijing is reshaping international coverage with deals and investments in countries so diverse as Italy, Czech Republic and the Philippines
Discussion:
@arzugeybulla and @rasmus_kleis
James Vincent / The Verge:
Google News will return to Spain “early next year” following a change to Spain's copyright laws that will let Google negotiate fees with individual publishers — Spain has changed its copyright law in accordance with EU legislation — Who should get paid when big tech platforms aggregate news stories?
Discussion:
Bloomberg, The Keyword, Reuters, Engadget and CNET, more at Techmeme »
Michael Schneider / Variety:
HFPA names Florida-based educator Neil Phillips as its first chief diversity officer, marking the latest step in the organization's reform process — Public speaker, educator and entrepreneur Neil Phillips has been tapped by the Hollywood Foreign Press Association to serve as its first-ever chief diversity officer.
Paroma Soni / Columbia Journalism Review:
How strategic PR, the public, and the priorities of US politicians influenced the reception of two Facebook whistleblowers, and what that means for the press — In April, several months before a Facebook employee named Frances Haugen became the most famous whistleblower in the company's history …
Discussion:
@kaifalkenberg, @cjr, @cjr, @cjr, @jon_allsop, @mathewi and Terms of Service w …
Brian Steinberg / Variety:
Discovery Q3 net income fell 48% YoY to $156M while revenue rose 23% YoY to $3.15B; its streaming services have 20M paid subscribers — Discovery said its third quarter profit tumbled significantly due to higher expenses for its broadcast of the 2021 Summer Olympics and costs associated …
Discussion:
MediaPost, Realscreen, The Wrap, nexttv.com, The Wrap, @richlightshed, @thewrap, @richlightshed and @loudmouthjulia
Reuters:
Belarus declares Belsat TV, based in Warsaw and funded by Poland, an “extremist” organization; its staff and viewers can face up to seven years in prison — Belarus declared the Poland-based Belsat news channel an “extremist” organisation on Wednesday, meaning its employees and viewers can face up to seven years in prison.
Discussion:
@notesfrompoland
Charlotte Tobitt / Press Gazette:
Channel 4 News names BBC Newsnight editor Esme Wren as editor, replacing Ben de Pear who announced in August he would be stepping down after almost 10 years — Newsnight editor Esme Wren is leaving the BBC after three years to lead Channel 4 News. — Wren will succeed Channel 4 News editor Ben de Pear …
Discussion:
Talking Biz News, @jake_kanter, @indiawilloughby, @jake_kanter, @mrpmharrison, @jimwaterson, Deadline and The Guardian
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