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4:30 PM ET, November 1, 2023

Mediagazer

 Top News: 
Cheyenne Roundtree / Rolling Stone:
Filing: text messages show HBO execs used fake Twitter accounts to troll TV critics and drop comments on trade outlet stories between June 2020 and April 2021  —  Casey Bloys ordered staffers to create fake accounts to fire back at critics, according to text conversations reviewed by Rolling Stone as part of a new lawsuit
New York Times:
Condé Nast plans to cut ~5% of its workforce, or ~270 staff, citing digital ad pressures, a decline in social media traffic, and shifting audience behaviors  —  Roger Lynch, the chief executive, said the company was grappling with digital advertising pressures, a decline in social media traffic and shifting audience behaviors.
Howard Koplowitz / al.com:
Alabama's Atmore News says its publisher and one of its reporters were arrested on October 25 for allegedly revealing grand jury secrets in a COVID funds report  —  A press freedom group on Tuesday called for charges to be dropped against the Alabama newspaper publisher and a reporter arrested Friday …
Todd Spangler / Variety:
Roku reports Q3 revenue up 20% YoY to $912M vs. $853.2M est., a net loss of $330M, more than double a year ago, and issues “uncertain” guidance; ROKU rises 9%+  —  Roku shares rose after the streaming-platform company beat Wall Street expectations for the third quarter of 2023 on the top line.
Discussion: Reuters, Roku Inc. and MediaPost
Filipe Espósito / 9to5Mac:
Apple Music has quietly discontinued its $4.99/month Voice Plan, which was introduced in 2021 and let users access the Apple Music catalog exclusively via Siri  —  Apple this week held a special event to announce new Macs, but what the company didn't tell is that it has just quietly discontinued the …
Gerry Shih / Washington Post:
Apple told some Indian journalists that they had been targeted in state-backed iPhone cyberattacks, without attributing “any specific state-sponsored attacker”  —  NEW DELHI — Apple has warned at least 20 prominent Indians, including opposition politicians and journalists …
Financial Times:
Sources: Hunterbrook, founded by investor Nathaniel Brooks Horwitz and writer Sam Koppelman, plans a $100M fund to trade on stories unearthed by its news arm  —  Fund would get exclusive access to market-moving stories before they are published  —  A group of veteran US financial journalists …
Helen Coster / Reuters:
Thomson Reuters reports Q3 revenue up 1% YoY to $1.59B, News revenue up 6% YoY to $180M, operating profit up 11% YoY to $441M, and announces a $1B share buyback  —  Thomson Reuters Corp (TRI.TO) on Wednesday reported higher-than-expected third-quarter profit as its biggest divisions serving legal …
Discussion: @pressgazette and Thomson Reuters
Dade Hayes / Deadline:
Kino Lorber launches Kino Film Collection, a $6-per-month streaming service for arthouse and specialty films, available on Prime Video Channels in the US  —  - Condé Nast Laying Off 5% Of Its Workforce, Citing “Volatile” Nature Of Digital Video Marketplace
Ng Hong Siang / Channel NewsAsia:
SPH Media, Singapore's largest news publisher, plans to acquire Tech in Asia, which has ~90 employees in the Asia-Pacific, and does “not anticipate any layoffs”  —  Sorry, the audio is unavailable right now.  Please try again later.  —  SINGAPORE: SPH Media has entered …
 
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 More News: 
Brian Steinberg / Variety:
Shareholder letter: Netflix says its ad tier has 15M+ MAUs globally, accounting for ~30% of new sign-ups where it's available, and plans new ad formats for 2024
 Earlier Picks: 
Emma Roth / The Verge:
YouTube “launched a global effort” to encourage ad blocker users to allow ads or try YouTube Premium, after a “small experiment globally” started in June 2023
Taylor Lorenz / Washington Post:
A look at some of the creators who report and aggregate news on TikTok, YouTube, Instagram, and more, as people under 35 move away from traditional news outlets