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 …
Discussion:
@esthercrawford, The Verge, @maxwelltani, CNET, CNN, @caseynewton, @mattdpearce, @adamsessler, @latimes, @mattdpearce, @brooklynmarie, @jayrosen_nyu, @axelmerk, @mmasnick, @harrymccracken, @zenofdesign, @stuartathompson, @muellershewrote, @evacide, @semaforben, Press Gazette and 9to5Mac, 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 …
Discussion:
New York Times, TechCrunch, The Guardian, @jkbjournalist, @journalistslike, @latimes, @mattdpearce, @mrhands31, @benhoffmannyt, @ron_miller, @cathjsweeney, Fortune and The Week
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:
CBS News, Adweek, CNBC, Awful Announcing, Deadline, Variety, The Wrap, New York Times, The Streamable, The Verge, The Information, IndieWire, Front Office Sports, @jschwarz9 and @jbflint, 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, 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
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 »
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
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.
Thania Garcia / Variety:
Condé Nast sues Drake and 21 Savage over a fake Vogue cover that promoted their album, with the image posted on Instagram and fake Vogue copies spread in cities — 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.”
Discussion:
WWD, Stereogum, The Wrap, Reuters, Digital Music News, Page Six, Vibe, Los Angeles Times, The Hill, NBC News, Forbes, The A.V. Club, The Guardian, The Hollywood Reporter, TMZ.com, Vulture, MediaPost, The FADER, Billboard, Consequence and Rolling Stone
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:
@comfortablysmug, @sarafischer, @itsmarkmoran, @lisagrouette and The Rural Blog
David Gritten / BBC:
Iranian security forces made “credible” threats to two journalists for UK-based Persian-language TV channel Iran International, per parent company Volant Media — Two British-Iranian journalists for the UK-based Persian-language TV channel Iran International have been warned …
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