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8:25 AM ET, November 5, 2022

Mediagazer

 Top News: 
Wall Street Journal:
Elon Musk says Twitter suffered “a massive drop in revenue” due to activist groups pressuring advertisers, despite doing “everything” to “appease the activists”  —  Chief of social-media company cites activist groups pressuring advertisers, as many staffers brace to lose jobs
RELATED:
Faiz Siddiqui / Washington Post:
Brian Morrissey / The Rebooting:
Elon Musk's focus on Twitter Blue is part of a trend in which consumer tech platforms pivot from advertising in favor of recurring revenue through subscriptions  —  Tech's marriage of convenience to the ad industry hits the rocks  —  Request: Please fill out this survey as I think through …
Jason Guerrasio / Insider:
The US DOJ charges two former MoviePass executives in a securities fraud case for allegedly trying to artificially inflate parent company HMNY's stock price  —  - Lowe and Farnsworth have been charged in a securities fraud case by the Department of Justice.
RELATED:
Jay Peters / The Verge:
Hands-on with Netflix's Basic with Ads: most shows have pre-roll ads, the number of mid-roll ads is unpredictable, and many popular shows require a higher tier  —  Clicking into something on Netflix's new ads tier is a roll of the dice: you never know how many ads you might have to sit through.
Josh Eidelson / Bloomberg:
US Thomson Reuters journalists represented by the NewsGuild vote to authorize a strike if progress isn't made in contract talks, which resume on November 14  —  Thomson Reuters Corp. journalists in the US have authorized their union to call a strike against the media company …
Brian Steinberg / Variety:
Sources: MSNBC decided not to renew its contract with Tiffany Cross, the weekend host of Cross Connection, after executives grew concerned about her commentary  —  Tiffany Cross, the MSNBC weekend host who was known for running a freewheeling commentary program, is leaving the NBCUniversal-owned cable-news outlet.
Richard J. Tofel / Second Rough Draft:
Institutional investors like the Knight Foundation should give grants directly to news nonprofits rather than going through intermediaries like the INN and LION  —  Given limited resources, shouldn't more money go to news orgs directly, even if that means making hard choices?
New York Times:
How a Los Angeles police captain helped suppress details of a 2017 police report with sexual assault claims from the 1980s against former CBS CEO Leslie Moonves  —  A captain in the department, who had moonlighted as a security guard for CBS, disclosed to the network information …
Dawn Chmielewski / Reuters:
Fox wins 10-year right to buy an 18.6% stake for $3.72B in sports betting company FanDuel at a $20B valuation, settling a dispute with majority owner Flutter  —  An arbitrator on Friday reaffirmed Fox Corp's (FOXA.O) right to acquire a nearly one-fifth stake in FanDuel …
 
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 More News: 
Bloomberg:
Sources: Apple is building a live TV ad network and talking to ad partners as part of its deal to stream Major League Soccer games starting in February 2023
Financial Times:
Sources: Rishi Sunak is expected to drop the proposed sale of Channel 4 from a broader media bill aiming to bring Britain's broadcasting into the digital age
 Earlier Picks: 
Alexandra Bruell / Wall Street Journal:
Over 200 employees from 14 Gannett newsrooms are staging a one-day strike to push for better wages and benefits while protesting layoffs and other cost-cutting
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