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 …
Discussion:
@sarafischer, Adweek, Wall Street Journal, @edmundlee, @marcatracy, @markstenberg3, @lulumeservey, @amitranjan, @sarafischer, @jackmarshall, @alexweprin, @sarahscire, @eliotwb, @niemanlab, @daveyalba, @jason_kint, @stanfordc, @cliffordlevy, @malcolmmoore, @bgrueskin, @bmorrissey, @jyarow, @ericathas, @gaberivera, The Wrap and The Hill
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:
@sizpatel, The Wrap, @benaxelrod, @loudmouthjulia, @sherman4949, @andrewmarchand and Wall Street Journal
Brian Stelter / CNN:
Smartmatic, the voting tech company that is suing Fox News and some of its hosts for defamation, adds Newsmax and OANN to the list of defendants — New York (CNN Business)Smartmatic, the voting technology company that is suing Fox News, some of its hosts and pro-Trump lawyers Rudy Giuliani …
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:
The Keyword, Bloomberg, Techdirt, 9to5Google, Engadget, CNET and Reuters, more at Techmeme »
Katie Robertson / New York Times:
Dovid Efune, former top editor of The Algemeiner, buys The New York Sun, which has kept up a modest online presence since ending its print run in 2008 — The New York Sun, a daily broadsheet that folded in 2008 after a six-year run, will make an online comeback under new ownership …
Discussion:
@eliotwb, @michellelegro, @freedlander, @imjasondiamond, @publicroad and @michaelroston
Charlotte Tobitt / Press Gazette:
Survey: 80% of UK journalists say they faced threats, abuse, or violence as a result of their work; more than 1 in 3 female journalists say they don't feel safe — More than a third of female journalists who participated in a Government survey about abuse and harassment said they feel unsafe doing their jobs in the UK.
Discussion:
GOV.UK, HoldtheFrontPage, @charlottetobitt and @pressgazette
Tim Baysinger / The Wrap:
Fox Corp. beats estimates with Q1 revenue of $3.05B, up 12% YoY, net income of $708M, ad revenue of $1.13B, helped by ad-supported streaming service Tubi — A more normalized fall TV season start and continued growth at streaming service Tubi drove Fox to beat Wall Street's expectations for its first fiscal quarter of 2022.
Discussion:
Variety, Deadline, @johnnydollar01, Fox Corp., Bloomberg and Hollywood Reporter
Samantha Subin / CNBC:
Roku misses with Q3 revenue of $680M vs. $683.4 est., up 51% YoY, 56.4M active accounts, up 23% YoY and 1.3M QoQ, 18B streaming hours, up 21%; stock down 8%+ — - In its shareholder letter, the company said the slowdown is a result of “global supply chain disruptions that have impacted the U.S. TV market.”
Discussion:
Variety, Ad Age and Deadline, more at Techmeme »
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
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:
@jake_kanter, @indiawilloughby, @jimwaterson, @jake_kanter, @mrpmharrison, Talking Biz News, Deadline and The Guardian
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, The Wrap, @richlightshed, The Wrap, @thewrap, Realscreen, @richlightshed, nexttv.com and @loudmouthjulia
Benjamin Mayo / 9to5Mac:
Apple debuts true crime podcast Hooked, its first standalone original podcast series not tied to an Apple TV+ show or Apple News — Apple today launched its first standalone original podcast series, entitled ‘Hooked’. Apple's previous podcast releases have all been tied to Apple TV+ properties …
Discussion:
@bzamayo, MacRumors and TechCrunch
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