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
Discussion:
@elonmusk, @elonmusk, @laurenshirsch, Platformer, New York Times, @loupas, Semafor, Insider, @erininthemorn, CNBC, Grid News, @nickstatt, The Verge, Politico, @themaxburns, Forbes, @jamessurowiecki, IGN India, @bradmossesq, @bgrueskin, @golub, @joshtpm, @ggreenwald, The Wrap, @emptywheel, @robinsonmeyer, @laurenshirsch, @reckless, @adam_creighton, @oliverdarcy, @karilake, @sruhle, Bloomberg, The Daily Wire, @scottnover, Al Jazeera, @chadloder, @karaswisher, @mattgertz, @nandoodles, @mattblaze, @mattgertz, ABC7, @elivalley, @jeffjarvis, @elivalley, Variety, @ngrossman81, @bradmossesq, @loudmouthjulia, GeekWire, @evanhill, @scottmonty, @gregstohr, @therickwilson, @nichcarlson, @heerjeet, Engadget, The Drum, Fortune, Raw Story, AppleInsider, Bloomberg, New Republic, Reclaim The Net, Deadline, TechCrunch, Rolling Stone, PRWeek, The Daily Beast, The Hill, New York Post, Quartz, The Post Millennial, Boing Boing, The Guardian and Financial Times, more at Techmeme »
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Faiz Siddiqui / Washington Post:
Twitter lays off about half its staff, sending a “Your Role at Twitter” email to their company account for those staying and personal account for those leaving — Employees said the layoffs came across teams, as Twitter broadly reduced its workforce.
Discussion:
@yoyoel, @donmoyn, NBC News, Insider, Wall Street Journal, CNN, New York Times, New York Magazine, @edzitron, @jonbernhardt, Engadget, @ashtonpittman, @mirandadevine, @bradmossesq, @karaswisher, Forbes, @sarafischer, Bloomberg, The Wrap, The Indian Express, @elonmusk, @oneunderscore__, @byronyork, Deadline, Vanity Fair, BBC, @rmac18, Awful Announcing, Axios, Timeless & Timely, @jesselehrich, The Guardian, Quartz, The A.V. Club, WKRG-TV, ABC7, al.com, TMZ.com, Raw Story, New York Post, One Man & His Blog, Al Jazeera, ZDNet, Gizmodo, Reuters, Insider, Scroll.in, The Daily Wire, CNET, The Information, The Hill, The Hollywood Reporter and Wall Street Journal, more at Techmeme »
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 …
Discussion:
New York Times, @zeynep, @alexgibneyfilm, @heerjeet, @jarango, @crampell and Vanity Fair, more at Techmeme »
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.
Discussion:
U.S. Department of Justice, Engadget, @tomgara, @godsewa, @mattdpearce, Variety, CNET, @susanthesquark, @matt_levine, @pattymo, @embryethan, @mohammedmiah_91, @bobbybigwheel, Deadline, @jbarro, @mattzeitlin, @bendreyfuss, CNBC, The Verge, IndieWire and Bloomberg
Alex Sherman / CNBC:
Sources: Shonda Rhimes is among several creators telling Netflix that midroll ads disrupt storytelling; Netflix doesn't plan to share ad revenue with creators — - Shonda Rhimes, the high-powered producer behind “Bridgerton,” is among creators who have told Netflix they feel midroll advertising disrupts …
Discussion:
@lindaholmes, @nicoleanell, @mgsiegler and @taylorbuley
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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.
Discussion:
@sherman4949, @richlightshed, @spooloflies, @sherman4949, MediaPost, IGN India, 9to5Mac, Deadline, Engadget, The Verge, The Verge, Tubefilter, Inverse, 9to5Google, Collider, Forbes, Variety, Gizmodo, TechCrunch and CNET
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 …
Discussion:
@josheidelson, nyguild.org and Talking Biz News
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.
Discussion:
Washington Post, @tiffanydcross, @wesleylowery, TheGrio, @kumarraonyc, @ynb, @marclamonthill, @ellenbarkin, @cjp_still, @keitholbermann, @ksvarnon, Fox News, @delanosquires, @whstancil, @akilahobviously, @sianmorson, @michaelsmith, @whstancil, Newser, @natsechobbyist, @exavierpope, Variety, @adamserwer, @jemelehill, @taradublinrocks, @ynb, @deetwocents, Mediaite, New York Post, TVLine, Forbes, Barrett Media, The Post Millennial, The Daily Beast, The Daily Wire, The Hollywood Reporter, The Wrap, Los Angeles Times, Fox News, Mediaite, Deadline and The Hill
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?
Discussion:
@localmediarocks, @ghanscom, @jmhaigh, @localmediarocks, @dankennedy_nu, @dicktofel, @dw_grant, @frannydink, @niemanlab, @irenemckisson, @pilhofer, @raju and Nieman Lab
Dylan Byers / Puck:
Sources: Chris Licht was asked in October to cut $100M, ~10% of CNN's overall budget; proposals for jobs, shows, and other cuts are now under review — A brutal $100 million financial engineering effort begins at CNN. — When Chris Licht became chairman and chief executive of CNN …
Discussion:
@magills_, Mediaite, @yashar and @dylanbyers
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 …
Discussion:
Los Angeles Times, @dennisjromero, Popula, @rachelabramsny, @jbflint, Washington Post, Variety and Los Angeles Times
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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