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:
Engadget, @tinu, @tinu, @tinu, @revkin, @taylorlorenz, @taylorlorenz, @rsingel, @niubi, @niubi, @niubi, @hamishmckenzie, @hamishmckenzie, Adweek, @ricmac, @david_moscrop, @hamishmckenzie, @hunterw, @pkafka, Empathy, @hamishmckenzie, The Hill, Terry's Newsletter and Note to Noteworthy, 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, TechCrunch, ScreenRant, Tubefilter, Simon Owens's Media Newsletter, The Verge, @jason, Vanity Fair, Politico, Fortune, @ia, @embryethan, @asemota, Inverse, @zackscott, @helenkennedy, @film_girl, @dancow, @ruthbenghiat, Insider, @michaelehayden, The Post Millennial, @thejasonkirk, @carnage4life, @maxboot, Cracker Barrel Barthian, @jeremynewberger, @tomwarren, Gizmodo, @joyannreid, Rolling Stone, @colincowherd and @digiphile, 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:
Insider, Bloomberg, @stephenking, Adweek, @jamesrbuk, CBS News, Engadget, Popular Information, Reclaim The Net, Wall Street Journal, Media Voices, Radio Times, @courtneymilan, The Indian Express, @edzitron, @caitiegreen, @perlberg, Barrett Media, Digital Liturgies, @thegarance, @rmayemsinger, @jamesrbuk, @waywardwinifred, @jamesrbuk, @joetrippi, @jhweissmann, @alexvtunzelmann, @newstatesman, Quartz, Slate, @hankgreen, @cooperlund, @ryancallahan247, @inverseflorida, @lottyburns, @malwaretechblog, @klasfeldreports, @justkelly_ok, TechCrunch, Al Jazeera, The Drum, Press Gazette, Media Matters for America, PRWeek, Wall Street Journal, @elonmusk and Variety, 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:
Insider, @dylanbyers, @sherman4949, @lokayfox5, @adweek, @markstenberg3, @lmoses, @juliaioffe, @mattnavarra, @pkafka, @editorialiste and @tarapalmeri
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:
AdExchanger, @randomblackrain, Poynter, @tvgrimreaper and @peterbakernyt
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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.
Discussion:
Press Gazette, The Hill, @tvgrimreaper, @ekmokaya, @viv_bernstein and @mccanner
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, @sarahscire and @jljacobson
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.
Discussion:
@stephenking, Quartz, Poynter, The Indian Express, U.S. Department of Justice, @stacyfmitchell, BIG by Matt Stoller, Axios, New York Post, BOOK RIOT, Deadline, The Wrap, bookforum.com, Observer, Vox, CBS News and Scroll.in
Corbin Bolies / The Daily Beast:
CNN confirms that Jake Tapper will return to his 4pm weekday time slot with his show, The Lead, after anchoring the 9pm slot through the 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:
Semafor, Mediaite, The Wrap, Deadline and The Hollywood Reporter
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:
Los Angeles Times, The Wrap, Variety, Mediaite, @adriennelaw and @lindseyboylan
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, The Streamable, Engadget, CNET, The Verge, Deadline, The Hollywood Reporter, Next TV, Light Reading and Media Play News
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
Discussion:
The Streamable, Adweek, The Rising Advantage …, CBS News, 9to5Mac, @bysarahkrouse, Financial Times and The Wrap, more at Techmeme »
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 …
Discussion:
Paramount, Front Office Sports, Adweek, Broadband TV News, TechCrunch, @sherman4949, The Streamable, WORLD SCREEN, @sherman4949 and Deadline
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:
@sep, New York Times, Bloomberg, Insider, Free Press, CNN, @jason_kint, @digitalshields, @sep, Adweek, @producermcd, @sep, @laurenshirsch, @jamesrbuk, @sarafischer, Politico, The Information, Ad Age and MediaPost, more at Techmeme »
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
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:
The Hill, Wall Street Journal, CNBC, @mikeisaac, Reuters, @megancgraham, @meghanbobrowsky, The Drum, @johnmcquaid, Vox, @newley, MediaPost, @chuckrossdc, @redsteeze, @mollyjongfast, @goangelo, @nicolelgill, @mikeisaac, Day In The Life, @davekarpf, @richsignorelli, @kathmschmidt, @angiejaime, @garettsloane, Variety, @ryanbarwick, @garettsloane, Barrett Media, New Republic, New York Post, Ad Age and New York Post