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4:50 PM ET, November 8, 2023

Mediagazer

 Top News: 
Gearoid Reidy / Bloomberg:
A look at Nintendo's movie push, as the company partners with Sony to work on a Zelda live-action movie, after the huge success of The Super Mario Bros. Movie  —  It's dangerous to go alone, and in teaming up with Sony and the man who made Marvel successful, Nintendo shows it has learned from past mistakes.
Sarah Whitten / CNBC:
Disney reports Q4 revenue up 5% YoY to $21.24B vs. $21.33B expected, net income of $264M, and 7M new core Disney+ subs, with total of 150.2M including Hotstar  —  - Disney reported quarterly earnings after the closing bell.  — Profit topped expectations, but revenue came up short.
Jill Goldsmith / Deadline:
WBD shares fell 16%+ on November 8 after its CFO described a US ad market that continues “to be weaker than we had hoped”, and an unpredictable 2024 recovery  —  - WBD CEO David Zaslav “Hopeful” For Resolution To SAG-AFTRA Strike As He Touts Studios' Final Offer; Hints At M&A
RELATED:
Brian Steinberg / Variety:
WBD reports Q3 revenue up 1% YoY to $9.9B, a $417M net loss, down from a $2.31B loss YoY, global DTC subscribers fell 0.7M to 95.1M, and ad revenue fell 12% YoY  —  The owner of CNN, the Warner Bros. studio and the Max streaming service said its net loss narrowed to $417 million …
Katie Robertson / New York Times:
The New York Times reports Q3 revenue up 9.3% YoY to $598.3M, an $89.8M adjusted operating profit, 10M+ subs, and subscription revenue up 15.7% YoY to $282.2M  —  The company reported an adjusted operating profit of $89.8 million in its latest quarter, up from $69 million a year earlier.
Ben Sisario / New York Times:
A woman sues former Grammy Awards CEO Neil Portnow, claiming he drugged and raped her in 2018 and the Recording Academy was negligent in investigating her claim  —  The woman, who is not named in the lawsuit, said that she was drugged by Neil Portnow, and that the Recording Academy was negligent in investigating her complaint.
Discussion: Forbes and Rolling Stone
Alexandra Topping / The Guardian:
Presenter Carol Vorderman quits her BBC Radio Wales show, saying she will “not be silenced” by the BBC's new social media rules on voicing political opinions  —  Presenter says bosses had decided she ‘must leave’ after she continued to express political opinions online
Brent Lang / Variety:
An interview with Chairman of Netflix Film Scott Stuber on scaling back annual film releases to focus on quality, being more selective in bidding wars, and more  —  In 2018, “Saturday Night Live” captured the public perception of Netflix as a ceaseless river of content.
RELATED:
Peter Biskind / The Hollywood Reporter:   An excerpt from “Pandora's Box: How Guts, Guile, and Greed Upended TV” details how Netflix changed the entertainment industry with Originals and binge-watching
Jeremy Barr / Washington Post:
Experts criticize NBC News for partnering with Salem Media, a promoter of 2020 election denialism and producer of 2000 Mules, for the third GOP primary debate  —  How Salem Media Group — a powerful network of pro-Trump talk-radio programming and producer of the discredited ‘2000 Mules’ documentary …
Reuters:
OCCRP co-founder Drew Sullivan says analysis shows government-tied hackers tried to plant NSO spyware on Indian journalist Anand Mangnale's iPhone on August 23  —  Government-backed hackers tried to plant spyware made by NSO Group on the iPhone of an Indian journalist working for the Organized Crime …
Caitlin Huston / Hollywood Reporter:
Spotify now offers US paid subscribers 15 hours of free access to 200K+ audiobooks per month, after launching the service in the UK and Australia on October 3  —  The podcast and music platform will offer U.S. paid subscribers 15 hours of free listening to audiobooks as it continues its rollout of the new offering.
 
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 More News: 
Reuters:
IAC reports Q3 revenue down 15% YoY to $1.11B and a $390.5M net loss, up from a $63.8M loss in Q3 2022; Dotdash Meredith revenue fell 11% to $417.5M
Salvador Rodriguez / Wall Street Journal:
Meta plans to force advertisers to disclose when they run political ads featuring media altered by AI or other tools, starting in 2024, ahead of the US election
Hanaa' Tameez / Nieman Lab:
How the Financial Times, The New York Times, Vox, The Times of India, CNN en Español, and other news publishers are using WhatsApp Channels to share news
 Earlier Picks: 
The Guardian:
UK publisher Reach plans to cut 450 jobs as part of proposals to trim operating costs by 5% to 6% in 2024; in January, Reach laid off 200 staff to save £30M
Anna Holmes / New Yorker:
Jezebel's founder reflects on the feminist website's role in stoking outrage culture on social media, rooted in women's anger expressed in its comments section
Jill Goldsmith / Deadline:
WWE NXT will move from the USA Network to The CW in October 2024 in a new five-year deal, which sources say is over double the current $15M/year contract price
Matt G. Southern / Search Engine Journal:
Google adds generative AI text and image features to its Performance Max ad platform, rolling out in beta to US advertisers in 2023 and more countries in 2024
Matt Growcoot / PetaPixel:
Adobe's stock image website lists AI-generated images purporting to show the Israel-Hamas war, and some small outlets have used them without labeling them as AI