Top News:
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.
Discussion:
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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
Sources: ad holding company IPG has issued a recommendation through its media agencies for clients to pause spending on Twitter because of moderation concerns
Discussion:
Wall Street Journal, CNBC, The Hill, New York Magazine, MediaPost, @meghanbobrowsky, @megancgraham, @johnmcquaid, Vox, @newley, @nicolelgill, @mollyjongfast, @goangelo, @redsteeze, Reuters, @chuckrossdc, Variety, @mikeisaac, Day In The Life, @davekarpf, @richsignorelli, @kathmschmidt, @angiejaime, @garettsloane, @ryanbarwick, @garettsloane, New Republic, Barrett Media, New York Post, Ad Age and New York Post, more at Techmeme »
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
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, Insider, Free Press, New York Times, Variety, Forbes, @digitalshields, Adweek, @sep, @producermcd, @sep, Politico, @laurenshirsch, @jamesrbuk, @sarafischer, Ad Age, The Information, CNN and MediaPost, more at Techmeme »
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 …
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Poynter, @tvgrimreaper and @peterbakernyt
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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, The Hill, @tvgrimreaper, @ekmokaya, @viv_bernstein and @mccanner
Mark Stenberg / Adweek:
Source: Puck has ~200K subscribers and its ad revenue grew 500% over 2021, when it operated for three months; paid subscriber email open rates are ~72% — The newsletter publisher aims to bring premium ads to the inbox — Since launching last August, the news and entertainment publisher Puck …
Discussion:
Insider, @dylanbyers, @editorialiste, @pkafka, @juliaioffe, @tarapalmeri, @sherman4949, @lokayfox5, @adweek, @markstenberg3, @lmoses and @mattnavarra
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 — Disney, NBCU and Sony are among the companies still negotiating licensing with the streaming service
Discussion:
The Streamable, CBS News, 9to5Mac, @bysarahkrouse, Financial Times and The Wrap, more at Techmeme »
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:
Adweek, TechCrunch, Broadband TV News, Paramount, The Verge, The Streamable, Deadline, @sherman4949, WORLD SCREEN and @sherman4949
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.
Ashley Cullins / The Hollywood Reporter:
Paramount will pay $7.25M, on top of $14.75M, and Leslie Moonves will pay $2.5M to shareholders to resolve NY AG's probe into Moonves misconduct allegations — This will supplement the $14.75 million settlement that's awaiting final approval by a New York federal judge in a securities class action.
Hamish McKenzie / On Substack:
Substack co-founder says it's time for a “real alternative” to Twitter, and plans features to let writers and readers “hang out”, show their status, and more — It's time you had your own private social network — If you're into writing and reading …
Sarah Scire / Nieman Lab:
NPR launches NPR+, a paid podcast bundle with bonus content, ad-free episodes, and other perks, starting at $8 per month or $96 per year in 34 US locations — NPR launched a paid podcast bundle on Tuesday, giving subscribers access to bonus content, ad-free episodes, and other perks from nearly …
Discussion:
@jljacobson
Sara Fischer / Axios:
Insider EIC Nicholas Carlson plans to bring the stories of ~60 writers in front of the outlet's paywall, to increase 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, @trengriffin, @dylan20, Talking Biz News, @semaforben, @simonowens, @hunterw, @hunterw, @hunterw, @jackmarshall, @stevekovach, @pkafka, @sarafischer, @sarafischer, @maxwelltani, @maxwelltani and @simonowens
Jennifer Maas / Variety:
Source: Nexstar laid off 30 to 40 employees at The CW on Tuesday, its first sweeping staffing overhaul after acquiring the network — Nexstar laid off between 30-40 staffers at the CW network Tuesday, marking the first sweeping staffing overhaul at the “Walker” broadcaster since it changed ownership …
Discussion:
SlashFilm, Deadline, The Wrap, @ewagmeister, The Hollywood Reporter, @emilylongeretta and IndieWire