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, Bloomberg, Semafor, @laurenshirsch, New York Times, CNBC, Grid News, The Verge, @erininthemorn, @loupas, Insider, New York Times, @nickstatt, @adam_creighton, @laurenshirsch, @ngrossman81, @mattgertz, @mattgertz, Politico, @jeffjarvis, @oliverdarcy, Fortune, Bloomberg, AppleInsider, New Republic, Raw Story, @bgrueskin, @heerjeet, @ggreenwald, @gregstohr, @nichcarlson, @therickwilson, @scottnover, @elivalley, Rolling Stone, Variety, The Daily Wire, @elivalley, The Daily Beast, @bradmossesq, @loudmouthjulia, Deadline, @evanhill, Reclaim The Net, The Guardian, Quartz, New York Post, The Hill, 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:
New York Times, CNN, New York Magazine, The Wrap, Insider, Awful Announcing, BBC, Deadline, PRWeek, Fortune, Vanity Fair, Los Angeles Times, Axios, New York Post, Raw Story, Timeless & Timely, ABC7, TMZ.com, The A.V. Club, Al Jazeera, al.com, @rmac18, @byronyork, The Indian Express, @jesselehrich, ZDNet, Engadget, Gizmodo, Quartz, Bloomberg, The Post Millennial, Insider, Scroll.in, Reuters, The Daily Wire, Wall Street Journal, CNET, The Guardian, The Information, The Hill, CBS News and The Hollywood Reporter, more at Techmeme »
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
Discussion:
@jimvandehei, PRWeek, New York Magazine, Rolling Stone, Washington Post, Engadget, The Drum, Bloomberg, Fortune, @sarafischer, @sarafischer, @alexweprin, Insider, New York Post, Mediaite, @sarafischer, CNN, #hottakeoftheday, @moveincircles, TechCrunch, @sarafischer, The Wrap, @alexweprin, Accountable Tech, @astrokatie, @benmullin, @werty, @digiday, @gregbensinger, @fpwellman, @jason_kint, AdExchanger, Financial Times, The Guardian, Ad Age, Barrett Media and Vanity Fair, more at Techmeme »
Alex Sherman / CNBC:
Sources: Shonda Rhimes is among the creators telling Netflix that midroll ads disrupt storytelling, and Netflix doesn't plan to share ad revenue with them — - Shonda Rhimes, the high-powered producer behind “Bridgerton,” is among creators who have told Netflix they feel midroll advertising disrupts their storytelling, sources say.
Discussion:
@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, MediaPost, 9to5Mac, @richlightshed, IGN India, @sherman4949, Deadline, Engadget, The Verge, The Verge, CNET, Tubefilter, Inverse, 9to5Google, Collider, Forbes, Variety, Gizmodo, TechCrunch, The Streamable and Radio Times, more at Techmeme »
Richard J. Tofel / Second Rough Draft:
Institutional investors like the Knight Foundation should make grants directly to news nonprofits rather than going through intermediaries like 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
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
Alexandra Bruell / Wall Street Journal:
Over 200 employees from 14 Gannett newsrooms are staging a one-day strike today to push for better wages and protest layoffs and other cost-cutting measures — Protest across 14 newsrooms follows recent layoffs and cost-cutting at local-news publisher — More than 200 Gannett Co. staffers …
Discussion:
@nyguild, Next TV, nyguild.org, The Hill, Poynter, @jfmclooney, @kaitlynkanzler8, @andreachalupa, @newsfallon, Gothamist, @hbsastrowardoyo, @ilanakeller, New York Post, @nickconfessore, USA Today and bookforum.com
Brian Steinberg / Variety:
Sources: MSNBC did not renew the contract of Tiffany Cross, 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:
New York Post, @ynb, TVLine, @adamserwer, @whstancil, @wesleylowery, @whstancil, Forbes, Los Angeles Times, @deetwocents, Fox News, @delanosquires, @sianmorson, The Daily Beast, @michaelsmith, Mediaite, The Wrap, Barrett Media, Deadline, @ellenbarkin, @ynb, @natsechobbyist, The Post Millennial, The Daily Wire, The Hollywood Reporter and The Hill
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, @markgurman, @mgsiegler, 9to5Mac and AppleInsider, more at Techmeme »
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
Jason Guerrasio / Insider:
The DOJ charges two former MoviePass execs in a securities fraud case, claiming they sought to artificially inflate the stock price of MoviePass' parent company — - Lowe and Farnsworth have been charged in a securities fraud case by the Department of Justice.
Discussion:
Financial Times, Bloomberg, CNBC, The Verge, U.S. Department of Justice and IndieWire
Jason Gurwin / The Streamable:
Hulu + Live TV prices go up on December 8: the base plan rises from $69.99/mo to $74.99/mo, and the bundle with no ads rises from $74.99/mo to $82.99/mo — 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
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