Mediagazer: Similar to its heavy coverage of a migrant caravan in 2018, Fox News has steadily ramped up mentions of crime in the two months ahead of the 2022 US midterms (Philip Bump/Washington Post)

12:20 AM ET, October 28, 2022

Top News:

Todd Spangler / Variety:

Elon Musk pens an open letter to calm Twitter advertisers, arguing his goal is not “to make more money” and the service “cannot become a free-for-all hellscape” — Mega-billionaire Elon Musk, nearing the finish line in his rocky takeover of Twitter …

Discussion: @elonmusk, Insider, @sep, Digiday, Bloomberg, Insider, CNBC, Associated Press, @cwarzel, @daveyalba, Reuters, @mzhemingway, @wajahatali, @greg_price11, @jayrosen_nyu, 9to5Mac, The Daily Beast, Mumbrella, @hayskali, CoinDesk, The Verge, @miblogestublog, Vox, New York Post, @maxkennerly, Vanity Fair, The Hill, Jordan's Newsletter, The Drum, @donie, Mediaite, @ruthbenghiat, Gizmodo, Media Matters for America, @robinw, @schwarz, @theplumlinegs, @adriennelaf, @oneunderscore__, The Wrap, MAGA Underground, Financial Times, @emilybell, @goldman, Fortune, PC Gamer, @schwarz, Quartz, @cwarzel, @adriennelaf, @marklittlenews, CNN, The Guardian, @briannawu, Slate, @esqueer_, @pkafka, @justinhendrix, TMZ.com, Rolling Stone, The Verge, Ad Age, Observer, Deadline, Engadget, MediaPost, El País and Wall Street Journal, more at Techmeme »

Washington Post:

Sources: Elon Musk takes over Twitter, and has fired several top executives, including CEO Parag Agrawal, CFO Ned Segal, and policy head Vijaya Gadde — Musk's $44 billion deal to acquire the social media company closed on Thursday night. — SAN FRANCISCO — Elon Musk became Twitter's owner late Thursday …

Wall Street Journal:

Sources: ahead of Elon Musk's takeover, advertisers on Twitter are concerned about looser content moderation and potential conflicts of interest for car ads — Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes

Erik Wemple / Washington Post:

A reassessment of The New York Times' apology and James Bennet's firing after Sen. Tom Cotton's op-ed: Bennet was right and Publisher A.G. Sulzberger was wrong — Controversy over an op-ed by Sen. Tom Cotton (R-Ark.) consumed the New York Times in June 2020 and claimed the job of then-editorial page editor James Bennet.

Todd Spangler / Variety:

The New York Post fires an employee who hijacked its website and Twitter account to share racist and violent posts, calling the content “vile and reprehensible” — The official Twitter account of the right-leaning New York Post, owned by Rupert Murdoch's News Corp …

Defector:

Defector reports $3.8M in annual revenue, up from $3.2M in 2021, $3.7M in expenses, up from $3M in 2021, and 38K subscribers, who generated 95% of its revenue — Purpose of this report — Defector continues to have no outside investors and no intention of raising outside capital.

Gerry Smith / Bloomberg:

CNN names Athan Stephanopoulos, previously the president of Vox Media's news site NowThis, as its chief digital officer, starting on November 14 — CNN has named Athan Stephanopoulos as its new chief digital officer, appointing a veteran of the online video business to grow its audience as the network braces for further cost-cutting.

Discussion: CNN, Advanced Television, @versharma, Variety, Deadline and The Hollywood Reporter

Charlie Savage / New York Times:

The US DOJ formally bans the use of subpoenas, warrants, or court orders to seize reporters' communications records or demand notes or testimony in leak probes — The rule codifies and expands a policy he issued in 2021, after it came to light that the Trump administration had secretly gone …

Discussion: @rcfp, Washington Post, @dankennedy_nu, @demandprogress, @ronwyden, @janemayernyer, @clarajeffery, @adamgoldmannyt, @freedomofpress, @trevortimm, @lindseyboylan, Freedom of the Press …, @stephenjadler, @bartongellman and @lawfareblog

Lauren Forristal / TechCrunch:

Source: Snapchat now pays creators using its TikTok clone Spotlight millions per year collectively, down from millions per week in 2021 and $1M per day in 2020 — Snapchat has changed the way it pays creators through its Spotlight reward fund. Creators that use Snapchat's TikTok clone …

Discussion: @blackamazon, XDA Developers, @carnage4life and The Verge, more at Techmeme »

Georg Szalai / The Hollywood Reporter:

Comcast reports NBCU revenue down 4% to $9.6B and EBITDA up 24.6% YoY to $1.7B; Peacock has 15M+ subscribers, up 70% YTD, and accounted for a $614M EBITDA loss — Parent company Comcast also updates broadband subscriber trends at its cable systems business amid growth challenges across the industry.

Discussion: CNBC, Wall Street Journal, Deadline, The Wrap, @tvgrimreaper, Adweek, IndieWire, The Streamable, The Wrap, Business Wire, Variety and Deadline

The Verge:

Spotify updates its iOS app to remove audiobook purchasing instructions, replaced with a message saying “it's not ideal”, to comply with Apple's App Store rules — An update for Spotify's iOS app released Thursday had a big change for its audiobooks vertical — and not for the better.

Discussion: @chrismessina, @caseynewton, @jake_k, 9to5Mac, XDA Developers, @marcoarment and AppleInsider, more at Techmeme »

Joe Rossignol / MacRumors:

Following complaints from prominent developers, Apple says the company “paused ads related to gambling and a few other categories on App Store product pages” — Original story from October 25 follows. — Apple today rolled out new ad placements in the App Store on the iPhone …

Discussion: CNBC, The Verge, TechCrunch, 9to5Mac, @film_girl, Insider, XDA Developers and The Information

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More News:

Kif Leswing / CNBC:
Apple's Services revenue grew 4.98% YoY to $19.19B vs. $20.1B expected in Q4; fiscal year Services growth was above 14%, slower than 2021's 16% and 2020's 27%

Discussion: Bloomberg, Apple, Wall Street Journal, Engadget, 9to5Mac, Variety, @carnage4life, @jsnell, Apple Inc., MacRumors, @claireatki, @samifathi_, The Verge, TechCrunch and AppleInsider, more at Techmeme »

Annie Palmer / CNBC:
Amazon reports Q3 advertising services revenue grew 25% YoY to $9.55B vs. $9.48B est., and subscription services revenue grew 9% YoY to $8.9B

Discussion: Digiday, Insider, Amazon, CoinDesk, @tcarmody, Reuters, Adweek, @pt, Observer, The Verge and Wall Street Journal, more at Techmeme »

Agence France-Presse:
AFP and Twitter partner to elevate credible information in Spanish in Latin America, Spain, and the US, a month after announcing a deal for Portuguese in Brazil

Discussion: Adweek

Davey Alba / Bloomberg:
NewsGuard: partisan organizations masquerading as local news outlets have spent about $3.94M on Facebook and Instagram ads so far in 2022, per Meta's Ad Library

Discussion: @jbenton, @dabeard, @daveyalba, @daveyalba, @jbenton, @jbenton, @daveyalba and @daveyalba

Patrick Coffee / Wall Street Journal:
NYC-based OpenWeb, which helps outlets target readers with ads and manage comments, raised a $170M Series F at a $1.5B valuation, up from $1B+ in November 2021

Discussion: @mjbarash, @aripap, Livemint, @nadavshoval, OpenWeb, OpenWeb and @ericfranchi

Daniel Zuidijk / Bloomberg:
Web Summit rescinds invitations to The Grayzone speakers, after a backlash over the website claiming Ukraine's government and military are sympathetic to Nazis

Discussion: @maxblumenthal, @gaberivera, @ggreenwald, @websummit, @wallacemick, @websummit, @markltighe, @maxblumenthal, @ichbinilya, @n_waters89, @maxblumenthal, @aaronjmate, @jamesrbuk, @_richardhall, @martinsfp, @oliviasolon and @karlbode

Earlier Picks:

Sara Fischer / Axios:
Research: nearly 3,000 media jobs have been cut in 2022 so far, with 1,100+ coming from the news media industry, including at CNN, BDG, Future, Gannett, and G4

Discussion: The B|E note

Philip Bump / Washington Post:
Similar to its heavy coverage of a migrant caravan in 2018, Fox News has steadily ramped up mentions of crime in the two months ahead of the 2022 US midterms

Discussion: @pbump, @pbump, @johnfpfaff, @elienyc, Mediaite, @davidneiwert, @melissajpeltier, The Present Age, @rolandsmartin, @ryanlcooper, @ddayen, @akiperitz, @pbump, @markhertling, @kombiz, @williamjordann, @_waleedshahid and @badfoxgraphics

Semafor:
Sources: former The Hill owner Jimmy Finkelstein raised at least $40M for The New Statement, a digital news outlet billed as a Washington Post-Daily Mail hybrid

Discussion: @dankennedy_nu, @eggerdc and @ak_mack

Katie Hawkins-Gaar / Nieman Lab:
Spotlight PA, Injustice Watch, and The 19th reduce horse-race election coverage to focus on voters by surveying readers, highlighting judges' records, and more

The Wire:
The Wire apologizes, saying technical evidence should have been independently verified and that “a member of our Meta investigation team” deceived the outlet

From Techmeme:

Bloomberg:
US v. Google: OpenAI's ChatGPT chief, Nick Turley, says the company would be interested in buying Chrome from Google if a federal court orders it to be spun off

Cecilia Kang / New York Times:
FTC v. Meta: Instagram co-founder Kevin Systrom testifies that “Mark was not investing in Instagram because he believed we were a threat to their growth”

Emma Roth / The Verge:
Apple drops “available now” from an Apple Intelligence page featuring an AI-supercharged Siri and removes a Siri-related video, after the BBB nonprofit inquired

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