Mediagazer: ChainNews, one of China's top crypto news sites, shuts down, after China said in September that it will expand internet censorship to cryptocurrency information (Eliza Gkritsi/CoinDesk)

2:55 PM ET, November 28, 2021

Top News:

Ariana Pekary / Columbia Journalism Review:

CNN's exaggerated tone and graphic content, as in its coverage of Gabby Petito and the Rust film set shooting, are pushing it into the realm of tabloids — Since last year, CNN ratings are down 73 percent. Without the daily spectacle of Donald Trump as president, cable news producers appear to be seeking other dramatic narratives.

Discussion: @johnnydollar01 and @samuels_nyu

Nick Vivarelli / Variety:

A look at ITsART, an Italian streaming service available in 26 European countries with access to 1,250+ live and on-demand events and shows from opera to movies — ITsART, an innovative streaming platform dubbed the ‘Netflix of Italian Culture,’ was rolled out across 26 European countries on Tuesday …

Discussion: The Times, Telegraph, Artnet News, C21Media and Deadline

Bloomberg:

Sources: Cloud Village, the music streaming arm of Chinese gaming giant NetEase, raises ~$422M in a Hong Kong IPO, pricing shares at HK$205, or ~$26.30 — - Cloud Village prices shares at midpoint of HK$205 after delay — Chinese tech firms listing in Hong Kong face new data rules

Discussion: Caixin Global, Reuters, Wall Street Journal and CNBC

Eliza Gkritsi / CoinDesk:

ChainNews, one of China's top crypto news sites, shuts down, after China said in September that it will expand internet censorship to cryptocurrency information — ChainNews, one of China's top crypto news sites, shuttered its operations today, co-founder Feng Liu told CoinDesk …

Discussion: Talking Biz News, @webnowcompany, @currencywar1, @joetidy, @hosseeb, @jcmittelstaedt, Bitcoinik, @blockchainchair and The Block

Mark Stenberg / Adweek:

Publishers like the LA Times and The Washington Post are joining Twitter Blue more for its audience data and transparent payout system than its revenue share — If you ask publishers, the unofficial motto of Twitter Blue is: Come for the revenue share, stay for everything else.

Discussion: @mitsloanexperts, @adweek, @ericporat, @geoff_maryland and @thijsniks

Ellen Ormesher / The Drum:

NYT executive says the paper isn't an “activist” org and will continue featuring fossil fuel ads, except in NYT Climate, because they help fund its journalism — The New York Times' (NYT) international president Stephen Dunbar-Johnson tells The Drum: “We are not an activist organization.”

Discussion: @pauliemoosh, @topenergyalerts and What's New in Publishing

Clark Merrefield / The Journalist's Resource:

Analysis of 763,887 WSJ articles from 1984 to 2017: coverage of certain topics, like recessions, predicts 25% of average fluctuations in stock market returns — Culling decades of Wall Street Journal articles, researchers created a new way to gauge stock performance that matches well to real returns.

Discussion: Talking Biz News, @charliebeckett and @raju

Mark Jacob / Local News Initiative:

Analysis of ~50 outlets: users visit large outlets an average of 5.7 days/month, mid-sized outlets 9.2 days/month, and small outlets 10.5 days/month — Northwestern University's new Medill Subscriber Engagement Index highlights the need to identify at-risk digital subscribers and find effective ways …

Discussion: @ismaelnafria and @niemanlab

Dade Hayes / Deadline:

Filing: in FY 2021, ESPN's pay TV distribution shrank another 10% to 76M US households, while ESPN+ subscribers grew 66% YoY to 17M — ESPN, a longtime cornerstone of the Walt Disney Co., continues to lose lucrative pay-TV distribution, shrinking another 10% to end fiscal 2021 at 76 million U.S. households.

Discussion: @hkanji and Awful Announcing

Sam Schechner / Wall Street Journal:

EU proposes broad disclosures about political ads and banning targeting based on sensitive data, but not microtargeting, and fines of up to 5% of global revenue — Proposed measure would ban targeting political ads based on categories such as religious views, sexual orientation

Discussion: @baekdal