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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:
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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:
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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, @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, 9to5Mac, @richlightshed, IGN India, @sherman4949, MediaPost, Deadline, Engadget, The Verge, The Verge, Tubefilter, Inverse, 9to5Google, Collider, Forbes, Variety, Gizmodo, TechCrunch, CNET, The Streamable and Radio Times
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, Variety, CNET, Deadline, The Verge, IndieWire, Financial Times and CNBC
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:
nyguild.org, @josheidelson and Talking Biz News
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, @frannydink, @raju, @niemanlab, @ghanscom, @pilhofer, @jmhaigh, @localmediarocks, @dankennedy_nu, @dicktofel, @irenemckisson, @dw_grant and Nieman Lab
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:
@tiffanydcross, @wesleylowery, Mediaite, Variety, Fox News, TheGrio, @ynb, Los Angeles Times, @keitholbermann, @marclamonthill, TVLine, @deetwocents, Forbes, @ksvarnon, New York Post, @delanosquires, @whstancil, @akilahobviously, @sianmorson, @kumarraonyc, The Daily Beast, @taradublinrocks, @michaelsmith, @whstancil, Newser, The Wrap, Barrett Media, @ellenbarkin, @ynb, @natsechobbyist, @exavierpope, @adamserwer, @jemelehill, Fox News, Mediaite, Deadline, The Post Millennial, The Daily Wire, The Hollywood Reporter and The Hill
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:
Popula, @rachelabramsny, Washington Post, Variety, Los Angeles Times and CBS News
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:
Mediaite, @magills_, @yashar and @dylanbyers
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 — Protest across 14 newsrooms follows recent layoffs and cost-cutting at local-news publisher — More than 200 Gannett Co. staffers …
Jason Gurwin / The Streamable:
Disney plans to increase the Hulu + Live TV base plan from $69.99/month to $74.99/month and the no-ads bundle from $74.99/month to $82.99/month on December 8 — Some customers were surprised when they began to receive a notification in the Hulu App of an upcoming price increase to Hulu + Live TV.
Discussion:
AppleInsider, @abnormalreturns, TechCrunch, Cord Cutters News and Engadget
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