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
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
RELATED:
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
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
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