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


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


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


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


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


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


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


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


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