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, The Atlantic, @sep, Media Matters for America, The Hill, Bloomberg, Vanity Fair, Mediaite, @cwarzel, The Drum, @marklittlenews, @schwarz, @schwarz, @briannawu, @esqueer_, @adriennelaf, @justinhendrix, Gizmodo, @pkafka, Reuters, Fortune, Slate, Jordan's Newsletter, @donie, @ruthbenghiat, TMZ.com, @robinw, @theplumlinegs, @oneunderscore__, The Wrap, Financial Times, @goldman, PC Gamer, Associated Press, Quartz, @cwarzel, CNN, The Guardian, El País, Engadget, Rolling Stone, Wall Street Journal, NPR, Ad Age, Observer, Deadline, MediaPost, TechCrunch, New York Post, Insider, Politico, New York Times, The Information and CBS News, more at Techmeme »
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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
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.
Discussion:
Adweek, Nieman Lab, @jayrosen_nyu, @mattdpearce, @mckinneykelsey, @mckinneykelsey, @markstenberg3, @madbastardsall, @defectormedia, @scott_tobias, @sarahscire, @drewmagary, @lyzl, @defectormedia, @adweek, @defectormedia, @ahazlett, @taylorkatebrown, @theisen95, @defectormedia and @aznfusion
Todd Spangler / Variety:
The New York Post says it has fired an employee who hijacked its site and Twitter account and posted racist and violent headlines — The official Twitter account of the right-leaning New York Post, owned by Rupert Murdoch's News Corp, was hacked Thursday morning before the publication restored control.
Discussion:
@nypost, New York Times, Mediaite, TechCrunch, The Guardian, CNBC, The Wrap, Gizmodo, @john_sipher, @oliverdarcy, New York Magazine, @tomwatson, @oliverdarcy, Engadget, Boing Boing, The Desk, Jezebel, Press Gazette, The Hill, @digiphile, Insider, Wall Street Journal, @jasonhirschhorn, The Daily Beast, Fox News, @campuscodi, Deadline, The Record and Bloomberg
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:
Freedom of the Press …, @clarajeffery, @trevortimm, U.S. Department of Justice, @rcfp, @dankennedy_nu, @demandprogress, @adamgoldmannyt, @freedomofpress, @lindseyboylan, @lawfareblog, @lawfareblog, @knightcolumbia, @cathmccarthy77, @scottmstedman, @charlie_savage, Slate, @jason_kint, @digiphile, Lawfare, Washington Post, The Reporters Committee …, CNN, CBS News and Committee to Protect …
Gerry Smith / Bloomberg:
CNN names Athan Stephanopoulos, previously the president of NowThis, as its chief digital officer, starting 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, Deadline, Variety, @versharma, The Wrap, The Hollywood Reporter and Media Play News
Georg Szalai / The Hollywood Reporter:
NBCU reports adjusted EBITDA up 24.6% YoY to $1.7B and $9.6B revenue, down 4.3% YoY; Peacock has 15M+ subscribers, up 70% YTD, and a $614M adjusted 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, MediaPost, The Wrap, Deadline, The Streamable, Variety, IndieWire, @tvgrimreaper, Business Wire and Radio & Television …
Semafor:
Sources: former The Hill owner Jimmy Finkelstein says he's raised at least $40M for a new digital news outlet billed as a Washington Post-Daily Mail hybrid — The media entrepreneur Jimmy Finkelstein has taken one step closer to launching a new entrant in the American news landscape …
Discussion:
@dankennedy_nu, @eggerdc, @ak_mack, @scottnover, @scottnover, @gbbranstetter, @baseballcrank, @emilyctamkin, @karoli, @kateefeldman, @semafor and @karlbode
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, 9to5Mac, The Verge, TechCrunch, XDA Developers, The Information, @film_girl, Insider, The Verge, Engadget, MediaNama, AppleInsider and Financial Times
Kif Leswing / CNBC:
Apple's Services revenue grew 4.98% YoY to $19.19B vs. $20.1B expected in Q4; full-year Services growth was just over 14%, slower than 2021's 16% and 2020's 27% — - Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.
Discussion:
TechCrunch, Variety, Apple, Wall Street Journal, Engadget, The Verge, Apple Inc., 9to5Mac, @carnage4life, @samifathi_, AppleInsider, @jsnell and @claireatki, more at Techmeme »
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:
XDA Developers, @caseynewton, @jake_k, 9to5Mac, @marcoarment, AppleInsider, @brandonking4787, @wolfejosh, @film_girl and Engadget, more at Techmeme »
Philip Bump / Washington Post:
Similar to its heavy coverage of a migrant caravan in 2018, Fox News has steadily ramped up mentions of crime as the US midterms approach — A few weeks ago, I wrote an article headlined “Crime is surging (in Fox News coverage)." It was a follow-up to an article I'd written a few weeks prior …
Discussion:
@pbump, @pbump, The Present Age, @ryanlcooper, @davidneiwert, @melissajpeltier, @elienyc, @rolandsmartin, @pbump, @markhertling, @kombiz, @williamjordann, @_waleedshahid, @akiperitz, @badfoxgraphics, @mgerrydoyle, @patrick_hruby, @brendannyhan, @jamisonfoser, @mollyjongfast, @brianbeutler, @brianbeutler, @mrjoncryer, @brooklynmarie and @pbump
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