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, @laurenshirsch, Bloomberg, Semafor, New York Times, CNBC, Grid News, The Verge, @erininthemorn, @loupas, New York Magazine, New York Times, @nickstatt, @adam_creighton, @laurenshirsch, @ngrossman81, @mattgertz, @mattgertz, Politico, Engadget, @jeffjarvis, The Drum, Fortune, Raw Story, @bgrueskin, @heerjeet, @ggreenwald, @gregstohr, @oliverdarcy, @nichcarlson, @therickwilson, Insider, @scottnover, @elivalley, Bloomberg, Rolling Stone, Variety, AppleInsider, The Daily Wire, @elivalley, New Republic, The Daily Beast, @bradmossesq, @loudmouthjulia, TechCrunch, Deadline, @evanhill, The Wrap, Reclaim The Net, The Guardian, Quartz, New York Post, The Hill, Financial Times, The Post Millennial and Boing Boing, more at Techmeme »
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Faiz Siddiqui / Washington Post:
Twitter begins laying off 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:
CNN, New York Times, New York Magazine, The Wrap, Insider, Awful Announcing, BBC, Rolling Stone, Deadline, PRWeek, Fortune, Vanity Fair, Los Angeles Times, Axios, New York Post, Raw Story, Timeless & Timely, ABC7, TMZ.com, The A.V. Club, al.com, @rmac18, @byronyork, The Indian Express, @jesselehrich, Al Jazeera, ZDNet, Engadget, Quartz, Gizmodo, Bloomberg, The Post Millennial, Insider, Scroll.in, Reuters, The Daily Wire, Wall Street Journal, CNET, The Guardian, The Information, The Hill, CBS News, The Hollywood Reporter and Wall Street Journal, more at Techmeme »
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, MediaPost, 9to5Mac, @richlightshed, IGN India, @sherman4949, Deadline, Engadget, The Verge, The Verge, Tubefilter, CNET, Inverse, 9to5Google, Collider, Forbes, Variety, Gizmodo, TechCrunch, The Streamable and Radio Times, more at Techmeme »
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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:
@mgsiegler and @taylorbuley
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
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 …
Discussion:
@nyguild, The Hill, nyguild.org, Newser, @jfmclooney, @kaitlynkanzler8, @andreachalupa, @newsfallon, Poynter, @hbsastrowardoyo, @ilanakeller, New York Post, @nickconfessore, USA Today, bookforum.com and Gannett
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:
Newser, @keitholbermann, @marclamonthill, @ynb, New York Post, Forbes, Los Angeles Times, TVLine, @deetwocents, Fox News, @ksvarnon, @delanosquires, @whstancil, @akilahobviously, @sianmorson, @kumarraonyc, @wesleylowery, The Daily Beast, @taradublinrocks, @michaelsmith, @whstancil, Mediaite, The Wrap, Barrett Media, Deadline, @ellenbarkin, @ynb, @natsechobbyist, @exavierpope, @adamserwer, The Post Millennial, The Daily Wire, The Hollywood Reporter and The Hill
Josh Eidelson / Bloomberg:
US Thomson Reuters journalists represented by the NewsGuild vote to authorize a strike if progress remains stalled in contract talks, which resume November 14 — Thomson Reuters Corp. journalists in the US have authorized their union to call a strike against the media company …
Discussion:
@josheidelson and nyguild.org
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 …
Discussion:
New York Times, Vox, New Republic, Rolling Stone, The Guardian, TechCrunch, Gizmodo, Decrypt, One Man & His Blog, @lesliemac, @hamishmckenzie, @caseynewton, @bradmossesq, @hamishmckenzie, @tvgrimreaper, @mattgertz, @adamparkhomenko, @niubi, @martinsfp, @angryblacklady, @zoeschiffer, @skastenbaum, @sharonodea, CoinDesk and Vanity Fair, more at Techmeme »
Bloomberg:
Sources: Apple is building an advertising network for live television as part of its deal to stream Major League Soccer games from February 2023 — Apple Inc. is building an advertising network for live television as part of its deal to stream Major League Soccer games next year, according to people with knowledge of the matter.
Discussion:
@mgsiegler, @mgsiegler, @sdw, @markgurman, @mgsiegler, 9to5Mac and AppleInsider, more at Techmeme »
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, TechCrunch, Cord Cutters News and Engadget
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
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