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
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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
Discussion:
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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
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