Top News:
Steven Perlberg / Insider:
Bloomberg doesn't plan to cover staff's Twitter Blue verification and CNN says it's “highly unlikely”; Puck calls the cost an extension of its marketing budget — - Twitter is planning to require users to pay to keep their verification. — Insider asked 14 newsrooms whether …
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@esthercrawford, The Verge, @maxwelltani, Associated Press, MediaNama, @mattdpearce, CNET, @caseynewton, @adamsessler, @dangillmor, @mattdpearce, @brooklynmarie, @jayrosen_nyu, @axelmerk, @mmasnick, @jamesrbuk, @harrymccracken, @zenofdesign, @muellershewrote, @evacide, @emilybell, @semaforben, @latimes and @stuartathompson, more at Techmeme »
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Wendy Lee / Los Angeles Times:
Journalists rethink using Twitter due to uncertainty around identity verification and its utility for reporting; Twitter's traffic-boosting value has been minor — The complaints, fears and angst surrounding changes at troubled tech giant Twitter began unraveling on its own platform …
Sarah Whitten / CNBC:
Disney misses on Q4 revenue, up 9% YoY to $20.15B vs. $21.24B est., but adds 12.1M Disney+ subscriptions for a total of 164.2M, vs. 160.45M est.; stock down 6%+ — - Disney reports earnings after the market closes on Tuesday. — The company will hold an earnings conference call at 4:30 p.m. ET.
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Lauren Forristal / TechCrunch:
Disney hit 235.7M global streaming subscribers in Q4, above Netflix's 223.1M in Q3; Disney+ had 164.2M subscribers, Hulu had 47.2M, and ESPN+ had 24.3M — Disney reported results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers …
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CNBC, Deadline, Engadget, @jschwarz9, @jbflint, The Verge, IndieWire, The Streamable and Awful Announcing, more at Techmeme »
Yuvraj Malik / Reuters:
News Corp reports Q1 revenue down 1% YoY to $2.48B, vs. $2.5B expected, boosted by its Dow Jones unit's subscription sales, helping partially offset ad weakness — News Corp (NWSA.O) missed Wall Street estimates for first-quarter revenue on Tuesday, as a prolonged weakness …
Discussion:
Talking Biz News, MarketScreener, Australian Financial Review, New York Post and @markdistef
Wall Street Journal:
Sources: Netflix bid on some ATP tennis tour streaming rights but dropped out and has considered bidding on other sports events or buying lower-profile leagues — Streaming giant eyes sports like tennis and surfing; Co-CEO Reed Hastings has been wary of rising costs for rights
Discussion:
@bozitatarevic, Next TV, @aexm, The Information, @rwhelanwsj, @claireatki, Too Much TV Newsletter, Digiday, @kimmasters, Media Play News, @bypatforde, @slmandel, Deadline and The Streamable
Jon Keegan / The Markup:
A look at data brokers selling “comprehensive” profiles of potential voters to campaigns, including phone geolocation data gleaned from real-time auctions — Before you got in line on Election Day, the emerging and largely unregulated political tracking industry was able to trace your movements
Discussion:
@wexler, @faeriedevilish, @katersully, @martinriedl, @jonkeegan, @omarsrashad, @jonkeegan, @jonkeegan, @jonkeegan, @geoffreyfowler, @chronotope and @stephenjadler
Stephen Battaglio / Los Angeles Times:
A look at free news channels: NBC News Now averages 34M streaming hours per month in 2022, up 55% YoY; ABC News had 41M streaming hours in September, up 73% YoY — If TV news legends Walter Cronkite or David Brinkley were alive and still reporting today, you probably would be watching them on a streaming channel.
Discussion:
@latimes, 9to5Google and Deadline
Georg Szalai / The Hollywood Reporter:
ITV reports external revenue for January to September rose 6% YoY to £2.52B, ITV Studios rose 16% YoY to £1.39B, and Q3 ad revenue fell 14% — But ITV Studios revenue grew 16 percent over the first nine months. — U.K. TV giant ITV reported a 14 drop in third-quarter advertising …
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The Guardian, Reuters, Variety, Financial Times and Press Centre
Thania Garcia / Variety:
Condé Nast sues Drake and 21 Savage for using a fake Vogue cover to promote their album by posting on Instagram and pushing fake Vogue issues in North America — Drake and 21 Savage have been sued by media company Condé Nast, which owns Vogue, over the fake magazine cover used to promote their new album “Her Loss.”
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Fortune, Complete Music Update, NPR, Reuters, Digital Music News, Lefsetz Letter, Page Six, Stereogum, The Hollywood Reporter, Billboard, Los Angeles Times, WWD, The Hill, NBC News, Vulture, Forbes, The Wrap, The A.V. Club, Music Ally, Rolling Stone, TMZ.com, The Guardian, MediaPost and Consequence
Dominic Ponsford / Press Gazette:
UK police arrested an LBC reporter and two photographers, who were covering a protest by Just Stop Oil on the M25 highway, on Tuesday — A documentary photographer, a press photographer and a reporter for LBC were arrested and detained by police yesterday for filming an eco-protest by Just Stop Oil on the M25.
Discussion:
The Guardian, @lbc, London Evening Standard and The Independent
Caitlin Huston / The Hollywood Reporter:
Nexstar, which owns The Hill and a 75% stake in The CW, reports Q3 net revenue up 9.7% YoY to $1.27B and political ad revenue of $129.3M, up 84.3% from Q3 2018 — The TV station group will look for a mix of scripted and unscripted content and shows that “appeal to a broader audience” on the CW.
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