Mediagazer: Snap reports Q3 revenue up 5% YoY to $1.19B, vs. $1.11B est., net loss up 2% YoY to $368M, DAUs up 12% YoY to 406M, vs. 405.7M est., and won't give Q4 guidance (Jonathan Vanian/CNBC)

5:05 PM ET, October 24, 2023

Top News:

Todd Spangler / Variety:

YouTube Q3 ad revenue rose 12.5% YoY to $7.95B, vs. $7.81B est.; in Q3 2022, YouTube's ad revenue fell short of expectations after falling 1.9% — Internet video giant YouTube larded its coffers with $7.95 billion in ad revenue for third quarter of 2023, representing a 12.5% year-over-year increase …

Discussion: Alphabet Inc., @tookthescenicroute … and The Hollywood Reporter, more at Techmeme »

Jonathan Vanian / CNBC:

Snap reports Q3 revenue up 5% YoY to $1.19B, vs. $1.11B est., net loss up 2% YoY to $368M, DAUs up 12% YoY to 406M, vs. 405.7M est., and won't give Q4 guidance — - As part of Snap's “internal forecast,” the company said that it expects sales in its fourth quarter to fall in the range …

Discussion: Variety, Bloomberg, @jonathan_vanian_1@threads.net, @alexheath@threads.net, The Hollywood Reporter, Snap Inc. and Observer, more at Techmeme »

Wall Street Journal:

The entertainment industry grapples with the same debates over the Israel-Hamas war that are playing out on college campuses, in offices, and among friends — Dave Chappelle spars with a fan; writers union members criticize leaders over silence — A midshow spat between comedian Dave Chappelle and a fan.

Discussion: Rolling Stone, The Hill, Bollyinside, Los Angeles Times, The Wrap, Variety, The Hollywood Reporter, The Wrap and Vibe

Sharon Knolle / The Wrap:
WGA East explains that the union hasn't released a public statement about the Israel-Hamas war to protect its journalist members, which make up 40% of the guild

Discussion: Variety, Bollyinside, The Hollywood Reporter, Deadline, New York Times and WGA for Peace

Mark Gurman / Bloomberg:

Sources: Apple plans to update tvOS with a redesigned TV app around December and discontinue some of its Apple TV apps to steer more users toward the TV app — - Company envisions one place for customers to find video — Dedicated apps for buying movies and shows will be phased out

Discussion: The Streamable, Macworld, Engadget, @markgurman, MacRumors and 9to5Mac, more at Techmeme »

Brian Schwartz / CNBC:

Tucker Carlson's Last Country signed its first advertising deal, worth at least $1M, with conservative-friendly shopping app Public Square, on October 20 — - Former Fox News host Tucker Carlson's new media company signed its first advertising deal. — The agreement is with conservative …

Discussion: The Hill, @pogue.bsky.social, Michael Seifert on LinkedIn and The Wrap

Melissa Heikkilä / MIT Technology Review:

A look at Nightshade and Glaze, UChicago researchers' tools that help artists “mask” or even “poison” their work to break AI models later trained on the data — A new tool lets artists add invisible changes to the pixels in their art before they upload it online …

Discussion: The Daily Beast, Krista Jäntti on LinkedIn, Krista Jäntti on LinkedIn, Theo Priestley on LinkedIn, Dubravko Dolic on LinkedIn, Engadget, Rafael Brown on LinkedIn, Prof J. Mark Bishop on LinkedIn, @moh_kohn@mastodon.scot, @vruz@mastodon.social, @rthornton777@mastodon.social, @00Aaron@social.coop and @ashedryden@scholar.social

CNN:

Asked about their coverage of the hospital blast in Gaza, the WSJ declines to comment, the AP and Al Jazeera ignore inquiries, Reuters and CNN admit no fault — Most news organizations seem eager to sweep last week's negligent coverage of the Gaza hospital explosion under the rug …

Discussion: Vanity Fair, @charlottetklein, @coreypein.bsky.social and Nieman Lab

Anja Karadeglija / National Post:

The Canadian Association of Broadcasters urges the government to also regulate services beyond Google's and Meta's, like Apple News, under the Online News Act — The association said only Google and Meta are covered by the Online News Act, ‘even though there are other platforms that benefit from the distribution of news content’

Discussion: @jbenton and @jbenton

Chris Welch / The Verge:

Crunchyroll launches its streaming service on Amazon's Prime Video Channels in the US for $7.99+ per month, and coming to Canada, Sweden, and the UK this week — If you're a Prime Video subscriber, beginning today, you can start streaming Crunchyroll, the popular anime service, right from inside the Prime Video app.

Discussion: Screen Rant, The Streamable, Engadget, Collider, About Amazon, Cord Cutters News, Billboard, Next TV, Deadline, Media Play News and The Wrap

Marisa Kabas / The Handbasket:

A dozen female former Rolling Stone employees describe Jann Wenner's office culture as “a dictatorship” with “palpable fear” and “a horrible place for women” — “The men were very angry all the time, and some of them would have full on fits—like, full-on toddler-like tantrums."

Discussion: @marissarothkopfeats …, @sareneleedswrites@threads.net, @jorcru.bsky.social, @franzferdinand2.bsky.social, @aprilrc.bsky.social, @markshore.bsky.social, The Daily Beast, @marisakabas.bsky.social, @ferrifrigida.bsky.social, @whatisdoni.bsky.social and Rolling Stone

Elvira Pollina / Reuters:

DAZN and Sky retain the rights to screen live Serie A matches in Italy for the next five seasons, after 17 of 20 Italian soccer clubs approved bids worth €4.5B+ — DAZN and Sky will keep the rights to screen live Serie A matches in Italy for the next five seasons after Italian clubs …

Discussion: @tariqpanja, Forbes, The Athletic, Ian Nuttney on LinkedIn, SportsPro, WORLD SCREEN, Sportico, Broadband TV News, Front Office Sports and Bloomberg

Ashley Carman / Bloomberg:

Spotify Q3: revenue up 11% YoY to €3.4B, MAUs up 26% to 574M, subscribers up 16% YoY to 226M, and €32M operating income, vs. a €44.6M loss est.; SPOT jumps 9%+ — Spotify Technology SA rose the most since January after the music-streaming giant reported third-quarter results …

Discussion: Yahoo Finance, The Information, The Wrap, The Verge, Deadline, Billboard, Digital Music News, Music Ally, @richlightshed, The Hollywood Reporter and Spotify, more at Techmeme »

Science:

Science open-access journal eLife fires EIC Michael Eisen for quote posting an Onion article on X about Palestinians; eLife editor Lara Urban resigns in protest — eLife's Michael Eisen ousted for social media posts perceived as siding with Palestinians over Israel

Discussion: New York Post, Mediaite, @gonzalormoreira, @mbeisen, The Daily Beast, @acdha@thepit.social, @agoldmund, @heavyredaction, @joelmathis.bsky.social, @mostlyphysics@fediscience.org, @elisabethbik.bsky.social and @kameryn.bsky.social

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Tyler Cowen / Marginal REVOLUTION:
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Brian Steinberg / Variety:
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Lucas Shaw / Bloomberg:
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Discussion: Lucas Shaw on LinkedIn and Bollyinside

The Daily Beast:
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Discussion: Defector, Mediaite, The Wrap, @jbenton, @jayrosen_nyu, @mediaevan, @jayrosen_nyu, @jbenton and @paleofuture.bsky.social

Elsa Keslassy / Variety:
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Cecilia D'Anastasio / Bloomberg:
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Discussion: Simon Owens's Media Newsletter, @cecianasta, @carnage4life@mas.to and @Susan_Larson_TN …

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Jay Peters / The Verge:
Instagram is testing a toggle in its app that lets users only see posts from Meta Verified subscribers, as “a way for businesses and creators to get discovered”

Discussion: TechCrunch, 9to5Mac, MediaPost, The Information and @2xaught7.bsky.social

Aisha Malik / TechCrunch:
TikTok tests letting users upload 15-minute videos, after raising its maximum video limit to 10 minutes in February 2022, to attract longer-form video creators

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IBM plans to invest $150B in the US over the next five years, including in R&D, to fuel the economy and “accelerate its role as the global leader in computing”

David Heinemeier Hansson / HEY:
Google won the browser wars fair and square, and the web will be far worse off if Google is forced to sell Chrome, even to atone for ad market monopoly abuses

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