Top News:
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 …
Discussion:
@niubi, @tinu, @tinu, @niubi, @taylorlorenz, @niubi, @hamishmckenzie, @tinu, @hamishmckenzie, @revkin, @ricmac, @rsingel, @david_moscrop, The Indian Express, @hamishmckenzie, Engadget, @hunterw, @pkafka, Empathy, @hamishmckenzie, @taylorlorenz, Adweek, Decrypt, The Hill and Terry's Newsletter, more at Techmeme »
Mark Stenberg / Adweek:
Source: Puck has nearly 200K subscribers, a ~72% paid subscriber open rate, and its ad revenue grew 500% over 2021, when the outlet operated for three months — The newsletter publisher aims to bring premium ads to the inbox — Since launching last August, the news and entertainment publisher Puck …
Discussion:
@dylanbyers, @adweek, @markstenberg3, @juliaioffe, @pkafka, @editorialiste, @tarapalmeri, @lmoses, @sherman4949, @lokayfox5, @mattnavarra and Insider
Aisha Malik / TechCrunch:
Facebook expands its Professional Mode, giving all creators globally a chance to earn money with various tools, including Reels Play bonuses and subscriptions — Meta has announced the global expansion of its professional mode profile setting on Facebook to all creators.
Discussion:
Facebook, Search Engine Journal, @helnzhou, 9to5Mac and Meta, 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.
Discussion:
@hshaban, @willoremus, The Information, @embryethan, @asemota, @zackscott, @helenkennedy, @film_girl, ScreenRant, Vanity Fair, @dancow, @ruthbenghiat, TechCrunch, Raw Story, The Verge, @thejasonkirk, Bloomberg, @carnage4life, @maxboot, @jeremynewberger, @alwaystheself, Tubefilter, @tomwarren, @omarisankofa, @joyannreid, @colincowherd, @digiphile, Simon Owens's Media Newsletter, CBS News, Insider, Politico, Fortune, Rolling Stone, The Post Millennial, Cracker Barrel Barthian and Gizmodo, more at Techmeme »
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James Ball / New Statesman:
Elon Musk's plan to monetize Twitter verification risks alienating creators and advertisers while helping accounts spread fake news
Elon Musk's plan to monetize Twitter verification risks alienating creators and advertisers while helping accounts spread fake news
Discussion:
CNET, @stephenking, Forbes, Bloomberg, @jamesrbuk, The Verge, @ScrollaAfrica …, Adweek, Reclaim The Net, Engadget, Radio Times, Insider, Reuters, Popular Information, Wall Street Journal, @courtneymilan, Media Voices, Barrett Media, @edzitron, @caitiegreen, The Indian Express, @perlberg, @thegarance, @rmayemsinger, @jamesrbuk, @waywardwinifred, @jamesrbuk, @joetrippi, @jhweissmann, @alexvtunzelmann, @newstatesman, Digital Liturgies, Quartz, @cooperlund, @ryancallahan247, @inverseflorida, @hankgreen, @lottyburns, @malwaretechblog, Slate, @klasfeldreports, @justkelly_ok, Al Jazeera, TechCrunch, The Drum, Media Matters for America, Press Gazette, Wall Street Journal, @elonmusk and PRWeek, more at Techmeme »
Todd Spangler / Variety:
Roku reports Q3 revenue up 12% YoY to $761.4M, vs. $694M est., 21.9B streaming hours, and 2.3M active accounts added; the stock drops 18%+ on weak Q4 guidance — Roku handily topped Wall Street estimates for the third quarter of 2022, as the streaming platform and media company packed …
Discussion:
Roku, MediaPost, Adweek, @xpangler, Media Play News, Deadline, The Wrap, @jtoonkel, Next TV, TechCrunch, The Streamable and The Hollywood Reporter, more at Techmeme »
Corbin Bolies / The Daily Beast:
CNN confirms Jake Tapper will return to his 4pm weekday time slot with his show, The Lead, after anchoring the 9pm slot through the US 2022 midterm elections — The network had said he would host the show through the midterms, but there was speculation he could have held the slot permanently.
Discussion:
Adweek, Semafor, Fox News, Mediaite, The Wrap, Deadline, The Hollywood Reporter, The Hill, The Daily Wire and The Post Millennial
Sarah Scire / Nieman Lab:
NPR launches NPR+, a paid podcast bundle offering 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 …
Discussion:
@gbrumfiel, @robenfarzad, @sarahscire and @jljacobson
The New York Times Company:
The New York Times reports $24.1M in Q3 revenue for The Athletic on a $9.6M loss; the sports outlet has lost nearly $29M in the three quarters post acquisition — NEW YORK, November 2, 2022 - The New York Times Company (NYSE: NYT) announced today third- quarter 2022 diluted earnings per share …
Discussion:
@tvgrimreaper, @peterbakernyt, Poynter, @randomblackrain and AdExchanger
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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 — Sarah Personette, Twitter's chief customer officer who's been with the company for more than four years, is leaving the company …
Discussion:
Bloomberg, @sep, New York Times, Insider, Free Press, CNN, @jason_kint, New York Magazine, @digitalshields, @sep, @producermcd, @sep, @laurenshirsch, @jamesrbuk, @sarafischer, Politico, Adweek, The Information and MediaPost, more at Techmeme »
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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:
Financial Times, CNBC, The Hill, Wall Street Journal, The Guardian, @mikeisaac, Reuters, @megancgraham, @meghanbobrowsky, Bloomberg, @newley, The Drum, MediaPost, @johnmcquaid, @chuckrossdc, @redsteeze, @mollyjongfast, @goangelo, @nicolelgill, Vox, @mikeisaac, @davekarpf, @richsignorelli, @kathmschmidt, @angiejaime, @garettsloane, Day In The Life, @ryanbarwick, @garettsloane, Barrett Media, Variety, New Republic, New York Post, Ad Age and New York Post
The Guardian:
As digital ad revenue declines, Evgeny Lebedev's The Independent puts 52 roles at risk of redundancy in the UK, 30 of which are in editorial, out of ~240 staff — The online-only publisher saw a fifth consecutive year of profitability in 2021, but said it now needs to cut costs
Discussion:
@lorumipsum, @frasermatthew, @kierang77 and @adampayne26
Kate Irwin / Decrypt:
Meta is letting select Instagram US creators test a toolkit for minting NFTs and selling them on and off the platform, and says it won't charge fees until 2024 — Instagram will soon have NFT creation and trading tools built in, but in-app purchases will be “subject to applicable app store fees.”
Discussion:
Crypto Blurt, Search Engine Journal, The Verge, CoinDesk, Engadget, @dangillmor, @pbump and TechCrunch, more at Techmeme »
Laura Hazard Owen / Nieman Lab:
A look at which media companies are complying with New York City's “good faith” salary transparency law, as some post useless ranges like “$15/hour to $125,000” — Starting Tuesday, New York City employers are required by law to include “a good faith salary range” for every job they post.
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 the 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.
Discussion:
CNN, New York Times, Financial Times, Bloomberg, Media Play News, New York Post, The Hill, Deadline, Associated Press, CBS News, Next TV, @adriennelaw, Law & Crime, @lindseyboylan, The Wrap, Mediaite, Los Angeles Times, CNBC and Variety
Todd Spangler / Variety:
Comcast and Charter say their streaming joint venture will be called Xumo, using the name of the free, ad-supported streaming service Comcast acquired in 2020 — Comcast and Charter Communications have settled on Xumo as the name of their streaming platform joint venture …
Discussion:
CNBC, CNET, Engadget, The Hollywood Reporter, The Verge, The Streamable, Deadline, Next TV, Light Reading and Media Play News