Mediagazer: AMC and Sony say they will make 86K NFTs available for select advance ticket buyers of Spider-Man: No Way Home (Jon Fingas/Engadget)

7:05 AM ET, November 29, 2021

Top News:

A look at the $1.67B payroll tax credit earmarked for local news organizations, including Gannett, in the Build Back Better bill passed by the US House — A small paper like The Storm Lake Times in Iowa would receive a big tax credit. So would Gannett, the nation's largest news publisher.

Discussion: Time Spent, @galeabrewer, @banditelli, @donutshorts, @marcatracy, Insider, @conswahoo, @cliffordlevy, Newser, @nytimes and @sammy_roth

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: @risj_oxford, @samuels_nyu and @johnnydollar01

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

Jon Fingas / Engadget:

AMC and Sony say they will make 86K NFTs available for select advance ticket buyers of Spider-Man: No Way Home — AMC is extending its fondness for the blockchain to the freebies you get with ticket pre-orders. The theater chain and Sony Pictures are giving away 86,000 NFTs to Stubs Premiere …

Discussion: CNET

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

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 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: What's New in Publishing, @geoff_maryland, @mitsloanexperts, @thijsniks, @ericporat and @adweek

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: Media Voices, @pauliemoosh and @topenergyalerts