Mediagazer: Thomson Reuters reports Q3 revenue up 3% YoY to $1.57B and maintains FY 2022 and 2023 guidance; CEO plans to be “quite a bit more aggressive” in acquisitions (Reuters)

9:40 AM ET, November 2, 2022

Top News:

Elon Musk / @elonmusk:

Twitter Blue will soon cost $8/month, with half the ads, ability to post long video and audio, priority in replies, paywall bypass for some publishers, and more — Twitter's current lords & peasants system for who has or doesn't have a blue checkmark is bullshit. Power to the people! Blue for $8/month.

Discussion: @elonmusk, @elonmusk, @elonmusk, Insider, MediaNama, @elonmusk, Variety, @jason, Raw Story, The Guardian, CNBC, @jennyenicholson, @ia, @teslaownerssv, @vitalikbuterin, @asemota, @clarajeffery, @morganicink, @themaxburns, @michaelehayden, @dgisserious, @naval, @cameronwilson, @mmasnick, @snazzyq, @walkerbragman, @edroso, @everywhereist, @joshtpm, @robertmaguire_, @tomgara, @balajis, @alexmleo, @joshtpm, @mmasnick, The Indian Express, @karaswisher, @carlhigbie, @alexagagosz, @indyfromspace, @lilahsturges, @byyourlogic, @chuckwendig, @bradmossesq, @mattdpearce, @kairyssdal, @inmortalcrypto, @phil_lewis_, @mkbhd, @elonmusk, @davmicrot, @heathergtv, @bendreyfuss, @pbump, @grimkim, @mattdpearce, Digital Liturgies, @elivalley, @byyourlogic, @aaronhuertas, @ashleyrindsberg, @n_waters89, @sewellchan, @bendreyfuss, @katrosenfield, @mattbrownep, @atticusgf, @pbump, @julesterpak, @semaforben, @tim_burgess, @aravosis, @bantg, @gaywonk, @levinejonathan, @amandathejedi, @mattdpearce, @kwawkese, @drmistercody, @arunbothra, @taylorlorenz, @elonmusk, @timodc, @malwaretechblog, @oliverdarcy, @wongmjane, @readdanwrite, @digiphile, @rhysriddell, @cliffordlevy, @wsj, CNET, Fortune, American Greatness, Los Angeles Times, 9to5Mac, Bloomberg, al.com, PC Gamer, Gizmodo, The Information, The Verge, The Daily Wire, The Wrap, TechCrunch, Al Jazeera, Deadline, @perezhilton, Waivly, @thomasfuchs, @mekkaokereke, @film_girl, @bobcesca_go, @dariccott, @scottmonty, @therealhoarse, @aud_bowler, @pandemona, @ethank, Wall Street Journal, The Post Millennial and Axios, more at Techmeme »

Washington Post:

Internal email: Twitter appears to be rushing out a “high”-risk “Paywalled Video” feature, letting users charge to view their videos, with Twitter taking a cut — The tool would let video creators charge users for access. The team working on it flagged big potential pitfalls.

New York Times:

Sources: ad holding company IPG has issued a recommendation through its media agencies for clients to pause spending on Twitter because of moderation concerns — At least three Twitter executives have left in recent days, as one of the world's largest ad companies said clients should pause spending on the social media platform.

Sara Fischer / Axios:
Twitter Chief Customer Officer Sarah Personette “resigned” after over four years and told ad partners the new administration is committed to brand safety

Discussion: @sep, New York Times, DC's Newsletter, Bloomberg, Adweek, The Indian Express, @digitalshields, Politico, @sep, @producermcd, @sep, @laurenshirsch, @jamesrbuk, @sarafischer, The Information, CNN and MediaPost

James Ball / New Statesman:
Elon Musk's plan to monetize Twitter verification risks alienating creators and advertisers while helping accounts spread fake news

Sara Fischer / Axios:

Insider EIC Nicholas Carlson plans to bring the stories of ~60 writers in front of the outlet's paywall, to bring in more traffic against which to sell ads — Insider is planning to restructure its newsroom to bring more content in front of its paywall, Nicholas Carlson, global editor-in-chief of Insider, told Axios.

Discussion: @maxwelltani, Semafor, @semaforben, @semaforben, @hunterw, @sarafischer, @jackmarshall, @sarafischer, @simonowens, @maxwelltani, @maxwelltani, @simonowens, @stevekovach, @hunterw, @hunterw and @pkafka

Katie Robertson / New York Times:

The NYT reports Q3 revenue up 7.6% YoY to $547.7M, operating profit up 9.3% YoY to $51M, and reaches 9.3M total subscribers, including 180K new digital subs — The Times recorded an adjusted operating profit of $69 million for the third quarter, up from $65 million in the same period last year.

Discussion: Press Gazette, @viv_bernstein, @ekmokaya and @mccanner

The New York Times Company:

The NYT reports The Athletic generated $24.1M in Q3 revenue on a $9.6M loss; the sports outlet has lost nearly $29M in the three quarters since it was acquired — NEW YORK, November 2, 2022 - The New York Times Company (NYSE: NYT) announced today third- quarter 2022 diluted earnings per share …

New York Times:

A US judge blocking the Penguin-Simon & Schuster deal thwarts further consolidation while offering little clarity on the future for the companies or publishing — The uncertainty comes at a time when publishing is facing slumping sales after a pandemic boom, and fears of recession.

Georg Szalai / The Hollywood Reporter:

Paramount reports Q3 global streaming subscribers reached ~67M, up from 63.7M+ in Q2, and 46M+ Paramount+ subscribers, up from 43.3M in Q2 — The Hollywood giant, led by CEO Bob Bakish, reports its third-quarter results. — Paramount Global reached nearly 67 million streaming subscribers worldwide …

Discussion: The Streamable, @sherman4949, @sherman4949 and Paramount

New York Times:

Julie Powell, who blogged about trying to cook every recipe in Julia Child's Mastering the Art of French Cooking, dies at 49; her blog became a book and a movie — She documented her attempt to cook every recipe in Julia Child's “Mastering the Art of French Cooking” in a popular blog that became a best-selling book and a hit movie.

Nilay Patel / The Verge:

Q&A with Amazon VP of Music Steve Boom on running the unit, expanding benefits for Prime members, working with labels, the music industry, podcasts, and more — Apple Music raised its rates. Will Amazon Music follow suit? … Steve Boom is the VP of Amazon Music, and he has a great name for the music business.

Max Goldbart / Deadline:

Channel 4 renames its VOD service All4 to Channel 4 and plans to bring all its products under the Channel 4 brand, including E4, More4, and 4seven — Channel 4 has decided to rename its VoD player All4 to... Channel 4. — The 40-year-old network, which has its birthday today …

Discussion: Variety, @robmanuel, @scottygb, @scottygb and All 4

Reuters:

Thomson Reuters reports Q3 revenue up 3% YoY to $1.57B and maintains FY 2022 and 2023 guidance; CEO plans to be “quite a bit more aggressive” in acquisitions — Thomson Reuters Corp (TRI.TO) kept its financial guidance for this year and next after a forecast-beating rise …

Discussion: MarketWatch, Talking Biz News and Thomson Reuters

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More News:

Georg Szalai / The Hollywood Reporter:
Dish reports adding 30,000 net pay TV subscribers in Q3, for 10.02M total, down from 10.98M YoY, and gained 214,000 Sling TV subscribers, for a total of 2.41M

Discussion: The Streamable, Next TV and DISH

William Turvill / Press Gazette:
Source: Meta plans to end human curation of its UK Facebook News tab, contracted to a team of ~15 journalists at Upday, and switch to an AI system in early 2023

Discussion: @wturvill and @johnycassidy, more at Techmeme »

Wall Street Journal:
Netflix begins rolling out its Basic with Ads tier; sources say licensing negotiations with Disney, Comcast, Sony, Warner Bros., and Lions Gate are ongoing

Discussion: 9to5Mac, Financial Times and The Wrap, more at Techmeme »

Jennifer Dunham / Committee to Protect Journalists:
CPJ Global Impunity Index: 263 journalists were murdered in retaliation for their work over the past decade, and no one has been convicted in 78% of those cases

Discussion: Global Investigative …, Al Jazeera, USAGM, @behlihyi, @pressfreedom, @williamsjon, @withmeaa, LatAm Journalism Review and Voice of America

John Eggerton / Next TV:
The FCC upholds its $500K fine against Gray Television for violating a ban on owning two of the top four TV stations in a market; Gray plans to sue the FCC

Discussion: @mornews, The Desk and Radio & Television …

Adi Robertson / The Verge:
Tumblr updates its community guidelines to allow nudity, mature subject matter, and sexual themes, but retains its limits for sexually explicit acts

Discussion: The Shortcut, @thedextriarchy and @broderick, more at Techmeme »

Vanity Fair:
A book excerpt details tensions between AT&T's John Stankey and former HBO CEO Richard Plepler over HBO's strategy during AT&T's Time Warner acquisition in 2018

Discussion: Insider

Danny Hakim / New York Times:
Russia's RT, banned by major platforms in March 2022, has found an audience on Thiel-backed Rumble, often pushing Russian propaganda about the Ukraine invasion

Discussion: @frankluntz, @timryan, @billkristol, @sayssimonson, @wacera_k, @techservativetb, @eagerbeavertech, @theatlantic, MindWar, @dlberes and The Atlantic, more at Techmeme »

Earlier Picks:

David Cohen / Adweek:
Meta receives Media Rating Council accreditation for content-level context and brand safety guidelines on Facebook, after committing to an MRC audit in 2020

Discussion: Ad Age, MediaPost and Facebook Journalism Project

Sara Fischer / Axios:
Parrot Analytics plans to unveil a system that predicts the monetary value of streaming titles; Squid Game is on track to become Netflix's most lucrative series

Discussion: @tomgara

Benjamin Wittes / Lawfare:
National security blog Lawfare removes some of its columns due to “significant plagiarism” from the sources they cited and one piece for lack of confidence

Discussion: @benjaminwittes, @ariehkovler, @rosenzweigp and @benjaminwittes

Sara Fischer / Axios:
Instagram is paying millennial-focused media company ATTN: six figures to create content to fight Spanish-language misinformation ahead of the 2022 US midterms

Mark Stenberg / Adweek:
Eater partners with publisher Abrams to release four travel guides and three cookbooks, including a restaurant recipe book in 2023 and NYC and LA guides in 2024

Discussion: @markstenberg3 and Eater

Sara Fischer / Axios:
Sources: CVC Capital Partners looks to provide equity and partner with Group Black on its bid to buy BDG Media; Blackstone also eyed a role in the acquisition

Brooks Barnes / New York Times:
Disney unveils a “limited test” offering select Disney+ show and film merchandise for US subscribers before it goes on sale in retail stores on November 8

Discussion: Variety, CNBC, TechCrunch, Insider, The Wrap, The Hollywood Reporter, IndieWire, DMED Media, Reuters, The Streamable, The Verge, Bloomberg, Media Play News and Radio Times

From Techmeme:

Ivan Mehta / TechCrunch:
X starts rolling out an update to let users see public posts, and following and followers lists, of users who block them; blocked users still can't engage or DM

Financial Times:
Sources: Meta's plans to build a US nuclear-powered AI data center were thwarted in part after a rare bee species was found on land earmarked for the project

Nilay Patel / The Verge:
Q&A with GM SVP Baris Cetinok on having a “high conviction” that ditching CarPlay and Android Auto is the right call, building autonomous cars, and more

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