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2:45 PM ET, October 26, 2022

Mediagazer

 Top News: 
Alex Sherman / CNBC:
Sources: CNN CEO Chris Licht has finished a broad business review, as part of a plan to eliminate 1,000+ Warner Bros. Discovery jobs before the end of 2022  —  - CNN CEO Chris Licht talked to CNBC about why he took the job, why he thinks some coverage of him has been “painfully inaccurate …
Alex Heath / The Verge:
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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 …
Katie Robertson / New York Times:
The Texas Tribune, one of the biggest nonprofit newsrooms in the US, names Sonal Shah as CEO; The Tribune has 10K+ paying readers and 175K+ newsletter subs  —  Sonal Shah will take over from Evan Smith, who has run the nonprofit news organization since he co-founded it in 2009.
Peter Kafka / Vox:
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Molly Taft / Gizmodo:
Semafor launches a climate and energy-focused newsletter with Chevron as its first sponsor, linking to a Chevron website on turning cow waste into natural gas  —  Semafor, the much-anticipated new journalism site, launched its climate newsletter this week—and Chevron is its first sponsor.  —  Alerts
Discussion: @mollytaft and Talking Biz 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.
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.
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.
Adam Bernstein / Washington Post:
Neema Roshania Patel, a founding editor of The Lily, The Washington Post's news site for millennial women, dies of gastric cancer at 35  —  Neema Roshania Patel, a founding editor of The Washington Post's news site for millennial women, The Lily, and most recently an editor …
Tom Grundy / Hong Kong Free Press HKFP:
A former South China Morning Post editor says two reporters quit in 2021 after the outlet axed their investigation into human rights abuses in China's Xinjiang  —  Two reporters quit the South China Morning Post (SCMP) last year after a senior editor axed their three-month investigation …
Charlotte Tobitt / Press Gazette:
The US Sun, launched three years ago, says it now has almost 100 journalists in New York and August was its best month yet with 250M page views  —  Three years after launching in the US, bosses at The Sun say they have “incredibly ambitious aspirations” and “don't really see a ceiling” on how far they can grow across the Atlantic.
Anne Steele / Wall Street Journal:
Spotify CEO Daniel Ek says US subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011  —  Audio streaming giant surpassed growth forecasts, increasing monthly active users by 20% to reach 456 million
RELATED:
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
 
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 More News: 
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
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
 Earlier Picks: 
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
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
 

 
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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