Top News:
Joe Pompeo / Vanity Fair:
Some journalists say they are deleting their Twitter DMs, as many scoff at the idea of an $8 verification fee and make plans to use rival social media platforms — Journalists are deleting DMs, scoffing at Musk's $8 verification fee, and even considering bolting from the platform.
Discussion:
Bloomberg, Detroit News, @moveincircles, Al Jazeera, Second Guess, @clairehoworth, @knightlat, @astrokatie, @helentobin, @pkafka, Washington Post, @scottnover, @mlcalderone, @tvgrimreaper, @joepompeo, Yahoo Finance, The Hill, The Atlantic, OpenSecrets.org, Waivly, American Prospect, @niubi, Forbes, Tubefilter and Columbia Journalism Review
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Casey Newton / Platformer:
Sources: Twitter plans to shut down newsletter platform Revue, acquired in January 2021, by the end of 2022, and has paused its four-month-old Notes product — A new Vine camera is in. Notes and Revue are out — With massive layoffs expected to hit Twitter tomorrow …
Wall Street Journal:
General Mills and Audi paused Twitter ads, and sources say Pfizer and Mondelez did too; Elon Musk talked with WPP and its clients like Unilever and Google — Advertisers are concerned about a flurry of executive departures at Twitter and new owner Elon Musk's plans for content moderation
Discussion:
@jimvandehei, AdExchanger, Financial Times, New York Times, Axios, The Guardian, @werty, New York Post, @jason_kint, @fpwellman, @benmullin, Washington Post, @gregbensinger, Ad Age, @digiday, Digiday and Fortune, more at Techmeme »
Joe Flint / Wall Street Journal:
Since WarnerMedia's Discovery merger on April 8, the stock is down ~48%, debt is higher than at other media companies, and sources say 1,000+ have been let go — Merger created streaming-media giant, but leveraging company's assets has been tough in a competitive market
Discussion:
SlashFilm, The Hollywood Reporter, TVLine, @jbflint, @mattgertz, @keachhagey, @jbflint, @jtoonkel, The A.V. Club, @rwhelanwsj, @digitalshields and @jbflint
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Lillian Rizzo / CNBC:
Warner Bros. Discovery misses with Q3 revenue of $9.82B, vs. $10.36B est., adds 2.8M streaming customers to reach 94.9M total, and TV networks revenue fell 8% — - Warner Bros. Discovery reported third-quarter earnings after the bell on Thursday, missing analysts' estimates on revenue.
Discussion:
The Streamable, @ballmatthew, Wall Street Journal, @masasoncap, Deadline, The Hollywood Reporter, @jbflint, TechCrunch, @jbflint, Financial Times and @pkafka
Alex Sherman / CNBC:
CNBC cancels primetime general news show The News with Shepard Smith to refocus on business and market coverage; source: Smith plans to leave later in November — - CNBC has canceled “The News with Shepard Smith” after two years. — Smith is leaving the network after his show concludes later this month.
Discussion:
Variety, Semafor, TVNewser, The Hollywood Reporter, The Desk, @aidnmclaughlin, @sherman4949, @keitholbermann, @justinbaragona, @bobbybigwheel, Talking Biz News, @newspolitics, @ajkatztv, Newser, @joeconchatv, Forbes, @maxwelltani, @ccadelago, Next TV, New York Post, Deadline, Mediaite, The Hill, The Wrap, TVLine, The Daily Wire, The Post Millennial, The Daily Beast and Barrett Media
@insiderunion:
[Thread] Insider's union demands that management bargain over changes in writers' metric goals and the elimination of roles, after the paywall strategy shifts — Yesterday, our @insiderunion colleagues marched on global editor-in-chief @nichcarlson to demand he and other members of @thisisinsider management bargain with us about massive proposed changes to the newsroom. How did we get here? 🧵A thread... https://twitter.com/...
Discussion:
Semafor, @thenickguy, @insiderunion, @insiderunion, @insiderunion, @maddierenbarger, @insiderunion, @insiderunion, @om, @insiderunion, @crossingjessica, @stokessamanthaj, @insiderunion, @aprjoy, @dubsrewatcher, @insiderunion, @ben__tobin, @rafat, @tatejamesdotcom, @palafo and @jeffjarvis
Alexandra Bruell / Wall Street Journal:
Advance Publications, which owns 24 newspapers and Condé Nast, plans to stop printing Alabama's three largest newspapers and make them digital-only in February — Advance Publications to make Birmingham News, Huntsville Times and Press-Register digital-only
Murray Stassen / Music Business Worldwide:
Report: Spotify is exploring acquiring Anghami, a music streaming service focused on the Middle East and North Africa that went public via a SPAC merger in 2021 — Spotify is reportedly considering buying its MENA-focused rival Anghami. — That's according to a report published by Dubai-based Frankly magazine.
Discussion:
Frankly Magazine, Billboard, Music Ally and Digital Music News
Rick Edmonds / Poynter:
Gannett reports a Q3 loss of $54M, matching its Q2 loss, revenue down 10% YoY, and paid digital subscriptions up 28.5% YoY to 1.98M, passing 2M after Q3's end — Despite a third-quarter loss of $54 million, the company points to gains in digital subscriptions and success with cost-saving measures.
Discussion:
Digiday, USA Today, Gannett, @jeffplatsky, @rickedmonds and Press Gazette, more at Techmeme »
Todd Spangler / Variety:
AMC Networks adds 11 new free ad-supported channels to the Roku Channel in a multiyear deal expansion; AMC+, Shudder, and Acorn TV remain Premium Subscriptions — AMC Networks is bringing 11 new free, ad-supported TV (FAST) channels to the Roku Channel — including a selection of episodes …
Discussion:
The Streamable, Next TV and Media Play News
Brent Lang / Variety:
Lionsgate reports Q2 revenue down 1.4% YoY to $875.2M, a $1.81B net loss, and Lionsgate+ exiting France, Germany, Italy, Spain, Benelux, the Nordics, and Japan — Lionsgate swung to a loss of $1.8 billion in its most recent fiscal quarter, which it attributed to restructuring charges around Starz and its international operations.
Discussion:
The Wrap, Next TV, Lionsgate, IndieWire, Media Play News, Deadline and The Hollywood Reporter
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