Top News:
Oliver Darcy / CNN:
Sources: Protocol, the tech news-focused website launched by Robert Allbritton in early 2020, will shutter later this week and lay off its entire staff of ~60 — New York CNN Business — Protocol, the upstart technology news website launched by former Politico owner and publisher Robert Allbritton …
Discussion:
@oliverdarcy, @gaberivera, @edzitron, @jake_k, @jtemple, @jasonhowell, @karlbode, @karlbode, @bombur, @markyarm, @passantino, @kcoxdc, @bendreyfuss, @donie, @tcarmody, @patbits, @sheila_dang, @dannyjpalmer, @jank0 and @taylorlorenz, more at Techmeme »
Matt Novak / Gizmodo:
The New York Times' bizarre SBF profile presents the disgraced founder through a gauzy lens, fails to challenge him, and gives him the benefit of the doubt — FTX filed for bankruptcy on Friday, leaving reasonable people to wonder how a cryptocurrency platform founded in 2019 …
Discussion:
New York Times, @ercwl, The Verge, Brad DeLong's Grasping Reality, New York Post, Bloomberg, Fortune, @austen, @antoniogm, @aaron_renn, @kevinroose, @dandarkpill, @mayazi, @adamscochran, @dominicmadori, Cointelegraph, @ulonnaya, @coloradotravis, @trungtphan, @shitmgmtsays, @renato_mariotti, @0xsisyphus, @johnedeaton1, @diviacaroline, @abelmike, @coloradotravis, @dominic2306, @krugermacro, @chainlinkgod and Insider, more at Techmeme »
Alex Sherman / CNBC:
David Zaslav says the ad market is weaker than at any point in 2020 and that HBO went from making $2B in 2019 to losing ~$3B in 2021 as content spending surged — - Warner Bros. Discovery CEO David Zaslav spoke Tuesday at RBC's 2022 Global TIMT Conference in New York.
Discussion:
The Hollywood Reporter, SlashFilm, @jbflint, The Wrap, Variety, Deadline, @jbflint, @jbflint, The Playlist, @pwthornton and @sherman4949
Isabel Debre / Associated Press:
Israel says the US DOJ opened an investigation into the fatal shooting of Palestinian American journalist Shireen Abu Akleh, calling the probe a “grave mistake” — Israel's Defense Minister Benny Gantz said Monday the U.S. Department of Justice has launched an investigation …
Discussion:
Axios, Haaretz, @ap, @jdakwar, Al Jazeera, @hadas_gold, Committee to Protect …, @borzou, @zekejmiller, @kampeas, Semafor, @digiphile, Wall Street Journal, The Times of Israel, Reuters, National Press Club, BBC, Jerusalem Post, Washington Post, Associated Press, Al Jazeera, The Hill, Proximities, The Guardian and The Hill
Sarah Scire / Nieman Lab:
Meta eliminated many journalism-adjacent positions as part of its 11K layoffs, including David Grant, The Meta Journalism Project Accelerator's program manager — “Meta had the resources at its peak to do incredible things. Not just the dollars, but the encouragement to think of the best outcome possible …
J. Clara Chan / The Hollywood Reporter:
BuzzFeed reports Q3 revenue up 15% YoY to $103.7M, a $27M net loss, vs. $3.6M YoY, time spent down 32% YoY to 151M hours, and ad revenue flat YoY at $50.4M — Total revenue reached $103.7 million for the quarter, representing a 15 percent year-over-year increase.
Discussion:
Press Gazette, AdExchanger, @rafat, BuzzFeed and Dow Jones Newswires
Axios:
Sources: the consortium in exclusive talks to buy Forbes includes investment firms GSV Ventures and SUN Group, in a deal that values Forbes at ~$800M — After a chaotic path ended in a failed SPAC IPO earlier this year, Forbes Media is now in exclusive talks to sell to a consortium of investors …
Larry Edelman / The Boston Globe:
The Boston Globe announces NPR SVP for News Nancy Barnes will be its next editor, succeeding Brian McGrory on February 1 to become the first woman in the role — The Boston Globe announced Monday that Nancy Barnes would be its next editor, tapping a deeply experienced journalist …
Discussion:
New York Times, Current, @katzish, @langfittnpr, @markpothier, @tednesi, @nprkelly, @leung, Media Nation and MediaPost
Sara Fischer / Axios:
Sources: European PE firm CVC and media collective Group Black are pursuing a joint bid to buy Vox Media, though Vox is not looking to sell — CVC Capital Partners and Group Black are pursuing a joint bid to buy Vox Media, according to sources familiar with the matter.
Discussion:
@jessicalessin and @joshtpm
Christopher Palmeri / Bloomberg:
Disney plans to air the first two episodes of Andor on Hulu, ABC, FX, and Freeform cable channels starting November 23 as a way to promote Disney+ — Walt Disney Co. will air the first two episodes of its Star Wars TV series Andor on several of its broadcast and cable TV outlets …
Discussion:
CNET, Variety, The Playlist, Decider, Collider, The Hollywood Reporter, TVLine, SlashFilm, The Streamable, ScreenRant, Gizmodo, Deadline, Next TV, The Wrap, The Verge and Media Play News
Vince Grzegorek / Cleveland Scene:
Nonprofit outlet Signal Cleveland launches today with $7.5M in funding; the work of Documenters, who cover public meetings, will be under the outlet's umbrella — The nonprofit outlet with more than a dozen staffers began publishing today … Signal Cleveland, the new nonprofit media outlet created …
Stuart Dredge / Music Ally:
Tencent Music reports Q3 revenue down 5.6% YoY to ~$1.04B and net profit up 38.7% YoY to ~$154M; paying subscribers grew 19.8% YoY to 85.3M — Chinese music-streaming giant Tencent Music Entertainment (TME) has published its financial results for the third quarter of 2022.
Discussion:
Variety, Music Business Worldwide, Reuters and Tencent Music
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