Top News:
Oliver Darcy / CNN:
Sources: tech news website Protocol, launched by former Politico owner Robert Allbritton in February 2020, will close later this week and lay off its ~60 staff — New York CNN Business — Protocol, the upstart technology news website launched by former Politico owner …
Discussion:
@oliverdarcy, Observer, @issielapowsky, New York Post, @nickstatt, @film_girl, @senatorshoshana, @emilydreyfuss, @fmanjoo, @ashleymayer, @mmasnick, @caitlinwolper, @bombur, @tonyromm, @markyarm, @passantino, @ballmatthew, @jbenton, @thedextriarchy, @taylorlorenz, @scottnover, @maxwelltani, @aricohn, @laura_adamczyk, @tcarmody, @kcoxdc, @jank0, @birnbaum_e, @patbits, @patrickmcgee_, @sheila_dang, @dannyjpalmer, @benbrodydc, @keithchu, @edzitron, @pierce, @jake_k, @gaberivera, @karlbode, @ebonybowden, @bendreyfuss, @rmac18, @anna_c_kramer, @tcarmody, @jtemple, @jamesliamcook, @blkahn, @donie, @viacristiano, @tcarmody, @karlbode, @jasonhowell and Talking Biz News, 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, @jbflint, SlashFilm, Front Office Sports, Gizmodo, Deadline, @pwthornton, The Playlist, @jbflint, @jbflint, @sherman4949, The Wrap and Variety
RELATED:
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, Tismaneanu & Tiramisu, CoinDesk, The Verge, Fortune, @austen, @antoniogm, @aaron_renn, @kevinroose, @dandarkpill, New York Post, @mayazi, @adamscochran, @dominicmadori, @ulonnaya, Bloomberg, @coloradotravis, @trungtphan, @shitmgmtsays, @renato_mariotti, @0xsisyphus, @jamesgleick, @johnedeaton1, @diviacaroline, @abelmike, @coloradotravis, @dominic2306, Brad DeLong's Grasping Reality, @krugermacro, @chainlinkgod, Cointelegraph, bookforum.com and Insider, more at Techmeme »
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 …
Discussion:
Observer and Talking Biz News
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, Al Jazeera, The Times of Israel, @borzou, @hadas_gold, @jdakwar, @freedomofpress, Semafor, @zekejmiller, @kampeas, @digiphile, Committee to Protect …, 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
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:
The Wrap, The Information, @jessicalessin, @joshtpm, @ethangach and @strngwys
Financial Times:
YouTube introduces Shorts shopping features, letting users buy products while scrolling through videos, diversifying its revenue streams during a weak ad market — World's biggest online videos platform seeks new forms of revenue — YouTube is ramping up its push into ecommerce …
Discussion:
PRWeek, CNET, TechCrunch, The Verge, City A.M. and @mattnavarra, more at Techmeme »
Noam Bardin / Post:
Waze founder Noam Bardin unveils Post, a social network where users can buy individual articles from publishers, tip creators, and more, with a waitlist signup — Remember when social media was fun, introduced you to big ideas and cool people, and actually made you smarter?
Discussion:
@noam, @tomwarren, @dancohen, @brianclark, @karaswisher, @laurahazardowen and @celinegounder
Lauren Forristal / TechCrunch:
Netflix is rolling out a feature to let account owners identify and remotely log out of devices they do not recognize or no longer want signed in — Want to kick your ex off your Netflix account without having to change your password? A new Netflix feature will make that possible.
Discussion:
Next TV, The Streamable, Variety, Gizmodo, IndieWire, Broadband TV News, Decider, The Verge and @scottygb, more at Techmeme »
Mike Masnick / Techdirt:
Techdirt will no longer use Twitter's embed feature, due to Twitter's “unpredictable situation”; it will instead use screenshots and the text of the tweets — I sent this notice around internally here at Techdirt, but figured it might be useful to state this publicly.
Discussion:
@mmasnick, @gabrielsnyder, @dangillmor, @cathygellis and Mike's List
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, @rafat, AdExchanger, Dow Jones Newswires and BuzzFeed
Dominic Ponsford / Press Gazette:
The editor of the UK's Tortoise says podcasting is profitable for the slow news publisher and the “bedrock of everything we do”, despite huge investment costs — The editor of Tortoise Studios, Ceri Thomas, has told Press Gazette how podcasts went from an experiment …
Discussion:
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