Top News:
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 …
Discussion:
New York Times, TechCrunch, @jkbjournalist, Wired, @journalistslike, @latimes, @mattdpearce, @mrhands31, @benhoffmannyt, @ron_miller, @cathjsweeney, Fortune and The Week, more at Techmeme »
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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 …
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 its Q4, above Netflix's 223.1M in its 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 …
Discussion:
CNBC, Variety, The Wrap, New York Times, Deadline, The Streamable, The Verge, The Information, CBS News, @jschwarz9, Front Office Sports, @jbflint and IndieWire, more at Techmeme »
Patrick Frater / Variety:
Media Partners Asia: Disney+ overtook Hulu as Japan's third largest streamer in Q3, with 3.6M subscribers, ahead of Amazon Prime Video's ~16.5M and Netflix's 7M — Disney+ was the biggest component of the growth in the Japanese streaming market in the July to September quarter.
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:
The Streamable, Media Play News, @aexm, @bypatforde, @slmandel, Front Office Sports, @bozitatarevic, 9to5Mac, @rwhelanwsj, @claireatki and @kimmasters
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:
@stephenjadler, @wexler, @faeriedevilish, @katersully, @martinriedl, @jonkeegan, @omarsrashad, @jonkeegan, @jonkeegan, @chronotope, @jonkeegan and @geoffreyfowler, 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
Sara Fischer / Axios:
Sources: The Recount has ~12 employees left after October's cuts, as the outlet tries to sell for a nominal sum after losing $10M on $1M in revenue in 2021 — Around a dozen staffers are left at The Recount, a video news startup that launched in 2018, after the company's latest round of cuts last month …
Discussion:
@tvgrimreaper and @rafat
Axios:
Sources: Alden abandoned its bid for Lee Enterprises, at least for now, partly due to rising interest rates; filing: Alden sold part of its 6.3% stake in April — Experts are sounding the alarm that a possible recession could threaten the embattled newspaper industry, whose two highest cost centers …
Discussion:
@lisagrouette, @comfortablysmug, @sarafischer, @itsmarkmoran and The Rural Blog
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.
Robert P. Baird / Columbia Journalism Review:
A profile of liberal magazine The American Prospect and David Dayen, who helped grow its readership by nearly 50% since taking over as executive editor in 2019 — How The American Prospect became the magazine of the moment — At the end of the eighties, the left wing of the Democratic Party was in bad shape.
Discussion:
@mattduss, @cruickshank, @austinahlman, @bobbybaird, @rmc031, @ryanlcooper, @alex_sammon, @ddayen and bookforum.com
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