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 …
Discussion:
Netflix, New York Times, Forbes, TechCrunch, The Streamable, Variety, The Wrap, CNN, CBS News, Protocol, @lucas_shaw, @benmullin, @susanlitv, Deadline, @sherman4949, @sherman4949, The A.V. Club, @lucas_shaw, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @bcheungz, @samro, Axios, @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 …
Discussion:
Variety, Adweek, CNET, Gizmodo, Above the Line, @matthewkeyslive, 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 will no longer share projected subscriber targets in upcoming earnings reports — a closely tracked metric among investors …
Discussion:
Forbes, CNBC, Financial Times, Next TV, Financial Times, @loudmouthjulia, Deadline, IndieWire and LightShed Partners, more at Techmeme »
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’.
Discussion:
The Wire, @kani5hk, Insider, @karaswisher, Semafor, @thewire_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 »
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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@semafor, Fox News, Mediaite, @jessicalessin, @niubi, New York Post, @dkthomp, @reedalbergotti, @froomkin, @nprinskeep, @nachristakis, @tomzellerjr, @jenzerb, @jbarro, @sstossel, @jbenton, @joshuahol, @owillis, @oliverdarcy, @bgrueskin, @semaforben, @brandyljensen, @brian_riedl, @jaycaruso, @tomgara, @samthielman, @kylepope and The Hill
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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Pittsburgh City Paper, @aflcio, @summerforpa, @davidshepardson, WITF, WTRF-TV, Poynter, @pghguild, @pghguild, @robtornoe, WPXI-TV, @colin_dunlap, @johnfetterman, @mattdpearce, The NewsGuild and The Bookseller
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.
Discussion:
Semafor, Observer, @njones, Reuters, Nieman Lab, @rmc031, @7im, @halhod, @semaforben, Associated Press, Today in Tabs, @jbenton, @jakeswearingen, @reedalbergotti, @digiphile, @anthony, @viajoshhunt, 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.
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
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.
Discussion:
@mattnavarra
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.
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