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6:10 PM ET, November 2, 2022

Mediagazer

 Top News: 
Hamish McKenzie / On Substack:
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.
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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
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 …
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Katie Robertson / New York Times:
The New York Times reports Q3 revenue up 7.6% YoY to $547.7M, operating profit up 9.3% YoY to $51M, and 9.33M 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.
New York Times:
A US judge blocking the Penguin-Simon & Schuster deal thwarts further consolidation and offers little clarity about the future of the companies or publishing  —  The uncertainty comes at a time when publishing is facing slumping sales after a pandemic boom, and fears of recession.
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 …
Wall Street Journal:
Netflix rolls out its Basic with Ads tier in 12 countries; sources say licensing negotiations with Disney, Comcast's NBCU, Sony, WBD, and Lions Gate are ongoing  —  Disney, NBCU and Sony are among the companies still negotiating licensing with the streaming service
Georg Szalai / The Hollywood Reporter:
Paramount reports Q3 global streaming subscribers reached nearly 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 …
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 …
RELATED:
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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 More News: 
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”
Brodie Fenlon / CBC News:
Canada's CBC announces it is officially closing its Beijing bureau, details its earlier expulsion from Moscow, and finalizes a two-person bureau in Mumbai
 Earlier Picks: 
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
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