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5:50 AM ET, November 2, 2023

Mediagazer

 Top News: 
The Walt Disney Company:
Disney plans to acquire NBCU's 33% stake in Hulu, gaining full ownership, and expects to pay ~$8.61B, representing NBCU's share of a $27.5B guaranteed floor  —  The Walt Disney Company (NYSE: DIS) announced today that it will acquire the 33% stake in Hulu, LLC held by Comcast Corp.'s (NASDAQ …
Cheyenne Roundtree / Rolling Stone:
Filing: text messages show HBO executives used fake Twitter accounts to troll TV critics and comment on trade publication stories from June 2020 to 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
Joe Duball / IAPP:
The EDPB instructs the Irish DPC to ban Meta's use of personal data for behavioral ads across the EU member states and EEA countries within two weeks  —  An unprecedented shakeup in the advertising technology space has arrived in Europe.  Changes are coming to adtech's approach to privacy …
Salem Media Group, Inc.:
Salem Media partners with Just The News to add podcasts by John Solomon, Victor Davis Hanson, and Bauer and Rose to the Salem Podcast Network  —  Salem Media Group, Inc. (NASDAQ: SALM) announced today a new partnership between the Salem Podcast Network and Just The News to place the podcasts of John Solomon …
Discussion: Inside Radio and RADIO ONLINE
Charlotte Tobitt / Press Gazette:
An interview with The Economist Director of Podcasts John Prideaux on putting all the outlet's podcasts behind its paywall, except its biggest, The Intelligence  —  The Economist's biggest podcast, The Intelligence, will be the only one remaining outside the paywall.
Eve Sampson / ICIJ:
Q&A with Patrick Forbes, the director of “The Price of Truth” documentary on Dmitry Muratov, on his attempts to keep Russia's last independent newspaper going  —  The film follows Nobel Prize-winning Russian journalist Dmitry Muratov as he tries to keep the country's last independent newspaper in operation.
Discussion: @eveksampson
TVNewsCheck:
Sinclair reports Q3 revenue down 9% YoY to $767M and a net loss of $46M, reflecting the deconsolidation of the sports segment that held regional sports networks  —  Sinclair Broadcast Group on Wednesday afternoon reported that its third quarter total revenue decreased 9% to $767 million versus $843 million in the prior year period.
Discussion: Sinclair, Inc
Amanda Chicago Lewis / The Verge:
A critical look at the SEO industry: users complain that Google isn't as useful anymore, some SEO experts say gaming Google's algorithm is now harder, and more  —  As the public begins to believe Google isn't as useful anymore, what happens to the cottage industry of search engine optimization experts …
Todd Spangler / Variety:
Memo: Daily Beast CEO Heather Dietrick is leaving to become chief media officer of Outside Inc., overseeing operations and 150+ staffers, at the end of 2023  —  Dietrick has been hired as chief media officer at Outside Interactive, whose 13 editorial brands include Outside Magazine, Backpacker …
Discussion: The Daily Beast and The Wrap
Filipe Espósito / 9to5Mac:
Apple quietly discontinued Apple Music's $4.99/month Voice Plan, introduced in 2021 to 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 …
 
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 More News: 
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”
 Earlier Picks: 
Howard Koplowitz / al.com:
Atmore News says its publisher and one of its reporters were arrested on October 27 for allegedly revealing grand jury secrets in a COVID-19 funds investigation
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
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