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, The Wrap, Variety, CNN, Light Reading, CBS News, @lucas_shaw, @benmullin, Protocol, @susanlitv, The A.V. Club, @sherman4949, @sherman4949, Axios, Deadline, @loudmouthjulia, @loudmouthjulia, @bcheungz, @lucas_shaw, @loudmouthjulia, @samro, @loudmouthjulia, @lucas_shaw 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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Variety, Adweek, CNET, @jbflint, Above the Line, @matthewkeyslive, Gizmodo, The Desk, The Hollywood Reporter, Next TV, IndieWire, The Streamable, 9to5Mac, TechCrunch, Media Play News and Protocol
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 plans to stop sharing projected subscriber numbers in its earnings starting in Q4 2022, instead stressing new revenue streams like ads and paid sharing
Discussion:
Forbes, CNBC, Financial Times, Next TV, NDTV, Financial Times, @loudmouthjulia, Deadline, LightShed Partners and IndieWire, 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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The Wire, @kani5hk, Insider, Semafor, @thewire_in, @karaswisher, @pranavdixit, @sankrant, Scroll.in, @jason_kint, @jason_kint, @tunkuv, @kansaratva, @venkatananth, @pranavdixit, @greatbong, The Verge, @digitaldutta, @swodinsky, @digiphile, TechCrunch, @rasmus_kleis, @greatbong, @aditi_muses, @rachelmetz, @thewire_in, @saikatd, @caseynewton and The Register, more at Techmeme »
Julia Felton / Greensburg Tribune-Review:
Pittsburgh Post-Gazette newsroom staff go on strike; union demands include ending the “illegal” halt of negotiations and reinstating the prior 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 Smith and Justin Smith launch Semafor, with stories in “Semaform” and sections 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, @njones, Reuters, Observer, Nieman Lab, @donie, @rmc031, @halhod, @semaforben, Associated Press, Today in Tabs, @jbenton, @7im, @jakeswearingen, @reedalbergotti, @digiphile, @anthony, @viajoshhunt, @ike_saul, Deadline, @digiphile, @danprimack, @shortformernie, @dicktofel, @daveweigel, @arctictony, @mims, @helenkennedy, @shortformernie, The Wrap, @tomgara, @davewiner, @kylepope and bookforum.com
Joe Reedy / Associated Press:
Amazon plans to stream an NFL game at 3pm ET on Prime Video the day after US Thanksgiving in 2023, paying between $50M and $70M per year for the additional 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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Committee to Protect Journalists:
Indian officials in Delhi block Kashmiri freelance photographer Sanna Irshad Mattoo from flying to New York for a ceremony marking her Pulitzer Prize win — Indian authorities should allow Kashmiri photojournalist Sanna Irshad Mattoo to travel abroad freely and collect her Pulitzer Prize in New York …
Discussion:
@mattoosanna, Voice of America, NDTV, @cpjasia, @pressfreedom, @cpjasia, @leahmillis, @lnajafizada, @jodieginsberg, @arjunsethi81, Scroll.in and @rongxiang
Perry Bacon Jr / Washington Post:
The US should spend $10B+, or ~$30 per American, on nonprofit local news outlets in 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 …
Discussion:
@taraemcg, @jeffjarvis, @perrybaconjr, @raju, @washingtonpost, @elipariser, @rafat, @kwoodsome, @dankennedy_nu, @heidilegg, @sewellchan, @vivian, @kemc, @dsmith_tucson, @jeremylittau, @davidclinchnews, @mherskovitz, @nancyromm, @kawulf, @aaronguhreen, @doritoribio, @vwpickard, @christopherotts, @seandkennedy, @mckaycoppins, @ryanvanvelzer and Media Nation
Patrick Brzeski / The Hollywood Reporter:
Xi Jinping's third term bodes ominously for China's film market; Artisan Gateway: China's 2022 box office is $3.88B so far, down 33% YoY and down 50% from 2019 — Regulators in the country have clamped down on Hollywood imports and narrowed the range of Chinese films deemed politically acceptable.
Pew Research Center:
In 2021, 11% of high-circulation newspapers and 3% of high-traffic digital news outlets experienced layoffs, compared with 33% and 18%, respectively, in 2020 — The percentage of large newspapers and digital news sites that experienced layoffs fell considerably in 2021 when compared with the year prior …
Discussion:
HR Dive, Nieman Lab, @dineshdsouza and @pewjournalism
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