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8:55 AM ET, October 26, 2022

Mediagazer

 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.
Alex Heath / The Verge:
RELATED:
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 …
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.
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 …
RELATED:
Todd Spangler / Variety:
ESPN sells a majority stake in its 27-year-old extreme sports franchise X Games to PE firm MSP Sports; ESPN will continue as its US linear broadcast partner  —  Financial terms of the deal were not disclosed.  MSP will assume day-to-day operational control of the X Games business, which will spin off from ESPN.
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 …
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.
Lila Shapiro / New York Magazine:
A look at writer and filmmaker Stephen Elliott's motivations in the upcoming defamation case he has brought against Shitty Media Men list creator Moira Donegan  —  Moira Donegan created the “Shitty Media Men” list to address a moral injustice.  Stephen Elliott says he's suing her for the same reason.
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 …
 
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 More News: 
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
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
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
CNN:
Sara Fischer, Axios' media reporter for six years, joins CNN as an on-air contributor on the media beat; Fischer will continue to oversee Axios' media coverage
 Earlier Picks: 
Benjamin Lindsay / The Wrap:
BBC and Disney plan to stream Doctor Who on Disney+ outside the UK and Ireland as part of a new joint venture, moving the show away from BBC America and AMC+
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
Baranjot Kaur / Reuters:
Report: the UK's Channel 4 is exploring being acquired by a nonprofit trust as an alternative to privatization; C4 is currently publicly owned but funded by ads
Discussion: Media Voices and Telegraph
 

 
From Techmeme:

Kent Walker / The Keyword:
Google says the US DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers and jeopardize US' global tech leadership

Daniel Howley / Yahoo Finance:
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% to $30.8B, vs. $29B est., and forecasts Q4 revenue above estimates

Matt Swayne / The Quantum Insider:
Google researchers introduce AlphaQubit, a machine-learning decoder that surpasses existing methods in identifying and correcting quantum computing errors

 
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