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10:30 AM ET, November 8, 2023

Mediagazer

 Top News: 
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  —  The inside story of how the streamer muscled its way to the top by defying the industry's conventions — and eventually paid the price.
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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  —  Internet holding company IAC (IAC.O) beat Wall Street third-quarter revenue estimates on Tuesday, as the owner of publisher Dotdash Meredith saw traffic growth return for core brands.
Caitlin Huston / Hollywood Reporter:
Spotify now offers US paid subscribers access to 15 hours of free 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.
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  —  Reach says job losses part of plans to reduce costs by 5% to 6% in 2024 and accelerate digital-first strategy
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 …
Matt Growcoot / PetaPixel:
Adobe's site for stock images lists AI-generated images of the Israel-Palestine conflict, and some small outlets have used them without labeling them as AI  —  As fears rise over fake imagery generated by artificial intelligence flooding the internet, one of the world's leading stock photo websites …
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.
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  —  We talked to the Financial Times, La Nación, The New York Times, Vox, Chilango, the Times of India …
Jennifer Maas / Variety:
Nexstar reports Q2 net revenue down 10.8% YoY to $1.1B, adjusted EBITDA down 51.9% YoY to $236M, a $60M loss for the CW, and core ad revenue down 2.3% to $391M  —  Nexstar reported its third-quarter 2023 earnings Wednesday, revealing TV ad revenue was down overall 23% for the July-September quarter.
 
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 More News: 
Salvador Rodriguez / Wall Street Journal:
Meta plans to require advertisers to disclose running political ads with media altered by AI or other software, starting in early 2024, ahead of the US election
Anna Holmes / New Yorker:
Jezebel's founder reflects on the feminist site's role, particularly women's anger expressed in its comments section, in stoking outrage culture on social media
Jill Goldsmith / Deadline:
WWE's NXT will move from the USA Network to The CW in October 2024 in a new five-year deal, that sources say is over double the $15M/year current contract price
Brian Stelter / Rolling Stone:
Messages show Sean Hannity, Tucker Carlson, and Laura Ingraham bashing Fox's news division colleagues for admitting Trump lost; Ingraham said “THEY ARENT SMART”
 Earlier Picks: 
Diana Fuentes / Investigative Reporters & Editors:
Phil Meyer, an early proponent of using data analysis for investigative journalism and a former Knight Chair of Journalism at UNC, died on November 4 at 93
Andrew Webster / The Verge:
Crunchyroll debuts Game Vault, offering five mobile games for free to subscribers of its two higher-cost tiers, and promises a “new wave of titles coming soon”
Doug Greenberg / Front Office Sports:
The US Soccer League and CBS sign a deal to broadcast 100 games annually through 2027 across CBS' platforms, the first time that network TV will air USL matches