Top News:
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 and @topenergyalerts
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Choire Sicha / New York Magazine:
Former NYT exec says Wirecutter employees were treated as second-class citizens at NYT, with a lower pay scale and some NYT staff openly sneering at their work — In October 2016, Wirecutter, a scrappy website that uses journalism to help people make purchases, was five years old.
Discussion:
@wirecutterunion, @chronic, @blackamazon, @thomdunn, @ryanlcooper, @ashleyfeinberg, @choire, 9to5Mac, New York Post, Poynter, @pwhall, @laura_nelson, @laurenlamie, @laurenlamie, @zagatam, Fox News, @daveyalba, @amondozhou, @harrymccracken, @edzitron, @bypatrickgeorge, @joemullin, @thedailybeast, @salgentile, @rsingel, @danfrakes, @discourse_blog, @mattdpearce, @titonka, @mathowie, @kathyvsinternet, @kait_tiffany, @mccarthyryanj, @runwithskizzers, @tomcoates, @chrislhayes, @alexkoppelman, @zoegberg, @maxjrosenthal, @janefriedman, @kingthor, @caseyjohnston, @lemonsand, @clancynewyork, @qhardy, @lisatozzi, The Daily Beast, @johnkunza, @brandonetc, @francesrobles, @shiraovide, @intelligencer, @oliverdarcy, @caseyjohnston, @stanhoraczek, @leighjkboerner, @adriana_lacy, @pkafka, discourseblog.com and @wirecutterunion
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:
Reuters, Caixin Global, 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:
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.
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
RELATED:
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:
@charliebeckett, @raju and Talking Biz News
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 …
Sarah Perez / TechCrunch:
Spotify confirms it is testing Discover, a TikTok-like vertical feed of music videos that appears to repurpose Canvas videos, in its iOS app — TikTok has seen its short-form video feed copied by a host of competitors, from Instagram to Snap to YouTube and even Netflix.
Discussion:
Insider, RouteNote Blog, Waivly, ScreenRant, XDA Developers, Engadget, The Verge, Music Ally, Tubefilter, Señales.co and Gizmodo
Sarah Scire / Nieman Lab:
The Salt Lake Tribune, which became a nonprofit in 2020, says it is financially sustainable and grew its newsroom 23% in the past year — The Salt Lake Tribune's transition to nonprofit status has been closely watched in the news industry. “The opportunity for us to prove that this can work …
Discussion:
@palewire, @tribjazz, @mary_walrath, @swilliamsjourno, @sarahscire, @erinbiba, @jayrosen_nyu and Salt Lake Tribune
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:
European Commission and @baekdal
Manori Ravindran / Variety:
Ofcom approves relaunching BBC Three as a broadcast channel, available on Freeview, Sky, and others, in February 2022; BBC Three was made online-only in 2016 — BBC Three, the digital platform that's been the home of “Fleabag” and “Normal People,” is returning as a broadcast channel.
Discussion:
@jimwaterson, @jimwaterson, @bbcthree, Broadband TV News and Televisual
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