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:
@hshaban, @willoremus, TechCrunch, ScreenRant, Simon Owens's Media Newsletter, Tubefilter, The Verge, Vanity Fair, Politico, Fortune, @ia, @embryethan, @asemota, Inverse, @zackscott, @helenkennedy, @film_girl, @dancow, @ruthbenghiat, Insider, @michaelehayden, The Post Millennial, @thejasonkirk, @carnage4life, @maxboot, MediaNama, 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
Discussion:
Bloomberg, Adweek, @stephenking, @jamesrbuk, CBS News, @jason, Insider, Engadget, Popular Information, Reclaim The Net, Wall Street Journal, Media Voices, @courtneymilan, Radio Times, The Indian Express, @edzitron, @caitiegreen, Barrett Media, @perlberg, Digital Liturgies, @thegarance, @rmayemsinger, @jamesrbuk, @waywardwinifred, @jamesrbuk, @joetrippi, @jhweissmann, @alexvtunzelmann, @newstatesman, Quartz, Slate, @hankgreen, @cooperlund, @ryancallahan247, @inverseflorida, @lottyburns, @malwaretechblog, TechCrunch, @klasfeldreports, @justkelly_ok, Al Jazeera, The Drum, Press Gazette, Media Matters for America, PRWeek, Wall Street Journal, @elonmusk and Variety, more at Techmeme »
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 »
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 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
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:
@gbrumfiel, @sarahscire and @jljacobson
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.
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 »
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, Next TV, Deadline, The Hollywood Reporter, Light Reading and Media Play News
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:
Front Office Sports, Paramount, Adweek, Broadband TV News, TechCrunch, @sherman4949, The Streamable, WORLD SCREEN, @sherman4949 and Deadline
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.
Discussion:
Los Angeles Times, The Wrap, Variety, Mediaite, Deadline, @adriennelaw and @lindseyboylan
The Guardian:
As digital ad revenue declines, Evgeny Lebedev's The Independent puts 52 roles at risk of redundancy, 30 of which are editorial posts, on its staff of about 240 — The online-only publisher saw a fifth consecutive year of profitability in 2021, but said it now needs to cut costs
Discussion:
@lorumipsum, @frasermatthew and @kierang77
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
Discussion:
The Hill, Wall Street Journal, @mikeisaac, CNBC, Reuters, @megancgraham, @meghanbobrowsky, @johnmcquaid, The Drum, Vox, @newley, MediaPost, @chuckrossdc, @redsteeze, @mollyjongfast, @goangelo, @nicolelgill, @mikeisaac, Day In The Life, Variety, @davekarpf, @richsignorelli, @kathmschmidt, @angiejaime, @garettsloane, @ryanbarwick, @garettsloane, Barrett Media, New Republic, New York Post, Ad Age and New York Post
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