Top News:
Sarah Whitten / CNBC:
Netflix beats with Q3 revenue up 5.9% YoY to $7.93B, $1.4B net income, down from $1.45B YoY, 2.4M net global subscribers added, vs. 1.09M est.; stock is up 10%+ — - Netflix beat third-quarter expectations on the top and bottom lines Tuesday. — The company said it added 2.41 million …
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Netflix, New York Times, Forbes, TechCrunch, The Streamable, Variety, The Wrap, CNN, CBS News, Protocol, Above the Line, @susanlitv, Deadline, @sherman4949, @sherman4949, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @bcheungz, @samro, @lucas_shaw, Axios and Wall Street Journal, more at Techmeme »
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Emma Roth / The Verge:
Netflix says its approach to “monetize account sharing” will roll out “more broadly starting in early 2023” and will include the ability to create sub-accounts — Netflix plans to crack down on password sharing beginning in 2023. After giving users the ability …
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CNET, Gizmodo, @matthewkeyslive, The Desk, Variety, The Hollywood Reporter, Next TV, IndieWire, The Streamable, 9to5Mac, TechCrunch, Media Play News and Protocol, more at Techmeme »
Todd Spangler / Variety:
Netflix plans to stop sharing projected subscriber numbers in its earnings starting in Q4 2022, instead stressing new revenue streams like ads and paid sharing — Netflix will no longer share projected subscriber targets in upcoming earnings reports — a closely tracked metric among investors …
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CNBC, Financial Times, Next TV, Financial Times, Deadline, IndieWire and LightShed Partners, more at Techmeme »
Ben Smith / Semafor:
Inside The New York Times' identity crisis, as some in its new administrative layer say their mandate is to enact radical cultural change as slowly as possible — Ben is the co-founder and Editor-in-Chief of Semafor, coming over from the New York Times. Sign up for his media newsletter, out every Sunday night!
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Aditi Agrawal / Newslaundry:
The Wire suspends its stories on Meta's controversial XCheck program until it carries out a “thorough review”; cited cybersecurity experts deny being consulted — Varadarajan confirmed the news site will review ‘all material and documents and sources’.
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Julia Felton / Greensburg Tribune-Review:
Pittsburgh Post-Gazette workers go on strike; union demands include ending the “illegal” halt of negotiations and reinstating last contract's terms — Newsroom workers at the Pittsburgh Post-Gazette, represented by the Newspaper Guild of Pittsburgh, went on strike at noon Tuesday.
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Alex Sherman / CNBC:
Ben and Justin Smith's Semafor launches, with stories in a “Semaform”, featuring The News, Reporter's View, Room for Disagreement, The View From, and Notable — - Semafor, a new global news company, debuted Tuesday. — The company is launching with $25 million in funding.
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Semafor, Observer, @njones, Nieman Lab, Reuters, @rmc031, @7im, The Wrap, @halhod, @semaforben, Associated Press, @mims, Today in Tabs, @jbenton, @jakeswearingen, @reedalbergotti, @digiphile, @anthony, @viajoshhunt, Deadline, @digiphile, @danprimack, @shortformernie, @dicktofel, @daveweigel, @arctictony, @helenkennedy, @shortformernie, @tomgara, @davewiner, @kylepope and bookforum.com
Joe Reedy / Associated Press:
Amazon Prime Video will stream an NFL game at 3pm on the day after Thanksgiving in 2023; the company will pay between $50M and $70M per year for the game — The NFL will expand to Black Friday beginning next season. — The league announced Tuesday that Amazon Prime Video will stream a game on the day after Thanksgiving.
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Variety, Los Angeles Times, CNN, Sports Illustrated, Ad Age, Deadline, The Streamable, Awful Announcing, Amazon Studios, TVLine, @amypalcic and The Hollywood Reporter
Perry Bacon Jr / Washington Post:
The US should spend $10B+, ~$30 per American, on nonprofit local news outlets for every community, which are open to everyone, with transparent points of view — My vision for addressing the huge decline in local journalism involves hiring 87,000 new journalists for about 1,300 news organizations with more than $10 billion in funding.
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@taraemcg, @jeffjarvis, @perrybaconjr, @raju, @washingtonpost, @elipariser, @rafat, @dankennedy_nu, @kwoodsome, @heidilegg, @sewellchan, @vivian, @kemc, @dsmith_tucson, @jeremylittau, @davidclinchnews, @mherskovitz, @nancyromm, @kawulf, @aaronguhreen, @doritoribio, @vwpickard, @christopherotts, @seandkennedy, @mckaycoppins, @ryanvanvelzer and Media Nation
Aisha Majid / Press Gazette:
Sistrix: Google's September 2022 algorithm update affected several UK publishers, as search rankings for LADbible fell 52%, Mail Online 37%, and The Mirror 27% — Ten of the leading news websites in the UK saw their visibility in search rankings reduced as a result of Google's latest core algorithm update in September.
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@mattnavarra
Zoe Samios / Sydney Morning Herald:
How News.net, one of the most ambitious new Australian journalism ventures in decades, failed to launch, and now owes current and ex-staff thousands of dollars — Normal text sizeLarger text sizeVery large text size — In early April, about 25 journalists and sales executives gathered …
Discussion:
@theage, @spencerhowson and @corinne_podger
Patrick Brzeski / The Hollywood Reporter:
Xi Jinping's third term bodes ominously for China's film market; Artisan Gateway: China's box office total for 2022 is $3.88B thus far, down 33% from 2021 — Regulators in the country have clamped down on Hollywood imports and narrowed the range of Chinese films deemed politically acceptable.
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