Top News:
Sheila Dang / Reuters:
Internal research: Twitter has been losing “heavy tweeters”, who tweet three to four times a week, as their interest in news, sports, and entertainment wanes — “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform.
Discussion:
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Emma Roth / The Verge:
Spotify says Apple's behavior is “choking competition” after Apple rejected its proposed audiobook purchasing process three times for breaking App Store rules — The company called Apple practices “anticompetitive” and said it was “choking competition” in a blog post published …
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Dawn Chmielewski / Reuters:
Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss — Audio streaming service Spotify Technology SA (SPOT.N) Tuesday surpassed Wall Street's estimates for revenue and subscriber gains …
Discussion:
@ashleyrcarman, Spotify, XDA Developers, Music Business Worldwide, Billboard, @ashleyrcarman, @ashleyrcarman, CNET, @ashleyrcarman, Variety, Ad Age, Bloomberg and The Verge, more at Techmeme »
Todd Spangler / Variety:
YouTube's ad revenue dropped 1.9% YoY to $7.07B in Q3, below expectations of $7.42B and representing its first year-over-year drop in at least two years — Overall, Alphabet, Google's parent company, also came in below analyst estimates. The company posted revenue of $69.1 billion and earnings per share of $1.06 for Q3.
Bron Maher / Press Gazette:
UK press regulator Impress kicks out Unity News Network, which grew out of the pro-Brexit campaign group UK Unity, over its Ukraine and COVID-19 vaccine content — Press regulator Impress has kicked right-wing Unity News Network out of its regulatory scheme “with immediate effect”.
Discussion:
@unitynewsnet
Anthony D'Alessandro / Deadline:
Guardians of the Galaxy filmmaker James Gunn and DC Films producer Peter Safran will co-lead DC Studios, the Warner Bros. Discovery unit set to replace DC Films — Finally, Warner Discovery Boss David Zaslav has a new head of DC studios; not one but two and it's Guardians of the Galaxy …
Discussion:
The Hollywood Reporter, Variety, IGN, SlashFilm, ScreenRant, Bloomberg, Next TV, @justrycole, @devindruid, @lloydkaufman, CNET, @brookeobie, The Playlist, @loudmouthjulia, IndieWire, Pop Culture Brain Daily, Media Play News, @clarisselou, Insider, @andykhouri, @loudmouthjulia, @jesabelraay, TVLine, @borys_kit, @jimlee, The Wrap, New York Post, Decider, The Verge, WORLD SCREEN, @johncena, Collider, @borys_kit, Los Angeles Times, GoldDerby, Adweek, @loudmouthjulia, Gizmodo, The A.V. Club, Polygon and @krolljvar
Sara Fischer / Axios:
Sources: YouTuber MrBeast is looking to raise ~$150M at a ~$1.5B valuation, to expand his video empire further into merchandise, restaurants, and consumer goods — MrBeast, the YouTube star-turned entrepreneur, is looking to raise around $150 million for his business at a roughly $1.5 billion valuation …
Discussion:
@carlhancock, @kantrowitz, Rolling Stone, @johnbattelle, @deftlyinane, @jayriq, TechCrunch and Insider
Therese Bottomly / Oregonian:
The Oregonian issues an apology for its past promotion of racist and xenophobic views and publishes an examination of its history since its founding in 1861 — As editor of The Oregonian, the current leader of the newsroom, I unreservedly apologize to our readers and our community for the racism …
Discussion:
The Oregonian, @davidminpdx, @davidminpdx, @bryanmvance, @oregonian, @robwdavis, @am_wex, @donnerkay, @robwdavis, @ryantclarke, @billoram, @7im and @jayrosen_nyu
Caleb Wilson / Food Business News:
David Chavern, News/Media Alliance's president and CEO since 2015, plans to leave to become the Consumer Brands Association's president and CEO in January 2023 — ARLINGTON, VA. — David Chavern will be the new president and chief executive officer for the Consumer Brands Association, effective Jan. 3, 2023.
Discussion:
Consumer Brands Association and News/Media Alliance
Patrick Coffee / Wall Street Journal:
A look at the increased use of celebrity deepfakes in ads, with or without their permission, raising legal and ethical questions for the marketing industry — Digital simulations of Elon Musk, Tom Cruise, Leo DiCaprio and others have shown up in ads, as the image-melding technology grows …
Discussion:
@patrickcoffee, @michellemanafy, @yoda and @brianroemmele, more at Techmeme »
Peter Lee / Hong Kong Free Press HKFP:
A Hong Kong court finds Apple Daily founder Jimmy Lai guilty of fraud for use of the defunct pro-democracy newspaper's HQ; Lai has been in custody since 2020 — Jimmy Lai, the founder of defunct Hong Kong pro-democracy tabloid Apple Daily, has been convicted of fraud after being found …
Discussion:
Axios, @rsf_inter, @fy4chan, @antd, @robertmmahoney, @kevinkfyam, @marykissel, @sarafischer, @hk_watch, Voice of America, Bloomberg and Committee to Protect …
Brooks Barnes / New York Times:
With Hollywood cutting spending, some worry that DEI initiatives spurred by the #MeToo movement and Black Lives Matter protests will stagnate or be rolled back — The movement led to increased diversity and representation in the entertainment industry, but now there is worry that executives have turned their attention elsewhere.
Discussion:
@joshkraushaar, @akstanwyck, @michellemanafy and @chsommers
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