Mediagazer: 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 (Ben Sisario/New York Times)

7:10 PM ET, November 8, 2023

Top News:

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.

Discussion: Variety, Screen Rant, Forbes, The Wrap, Ad Age, NBC 7 San Diego, Yahoo Finance, Deadline, Walt Disney Company and The Hollywood Reporter, more at Techmeme »

Todd Spangler / Variety:

Disney CEO Bob Iger says a beta test of an app combining Disney+ and Hulu will launch in December 2023 and an official launch will follow in spring 2024 — Disney, which is in the home stretch of swinging the deal to become the full owner of Hulu, will launch a beta test of an app next month …

Discussion: IndieWire, SlashFilm, Screen Rant, Collider, The Streamable, The Wrap, The Wrap, Los Angeles Times, Axios, The Verge, Bleeding Cool News, Disney Dining, ComingSoon.net, The Hollywood Reporter, CNN, Puck and Android Police, more at Techmeme »

Samantha Delouya / CNN:

Disney raises its cost savings goal from $5.5B to $7.5B; Bob Iger suggests cuts will come primarily from linear TV and predicts streaming profits by Q4 2024 — Los Angeles CNN — The Walt Disney Company missed Wall Street's expectations Wednesday when the company reported weaker-than-expected revenue for the past quarter.

Discussion: New York Post, @sarafischer and The Hollywood Reporter

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.

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

Discussion: AdExchanger, Yahoo Finance, CNBC and Bloomberg

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

Discussion: Reuters, Forbes, @jbflint, Ad Age, @jbflint, Variety, Hollywood Reporter, @jbflint, @bristei, @jbflint, @jbflint, The Wrap, Warner Bros. Discovery and MediaPost

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: The Wrap, Billboard, Variety, Los Angeles Times, Forbes, Rolling Stone and Stereogum

Jeremy Barr / Washington Post:

Experts criticize NBC News for partnering with Salem Media, which promotes 2020 US election denialism and produced 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 …

Discussion: @mattsheffield@mastodon.social, @joanespositochi, @beccasmullet.bsky.social, Heartland Signal, @jmhaigh, @chrisdobbertean.net and @darthbluesky.bsky.social

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.

Discussion: Yahoo Finance, The New York Times Company, Nieman Lab, Robert J Whitney on LinkedIn, @ericliptonnyt, @sdkstl, Anthony DiClemente on LinkedIn, Jordan Jacobson on LinkedIn, @pressgazette, Claudio E. Cabrera on LinkedIn, Poynter, Tom Armstrong on LinkedIn, Bloomberg, The Wrap and Reuters

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

Discussion: The Independent, RTÉ, Sky News, Deadline, BBC, Variety, Dan Johnson on LinkedIn, @libbycwatson, @terri_white, @cymrurouge, @carolvorders, @kelechnekoff, @russincheshire, @tiannathewriter, @JugglingWithEggs@mstdn.social, @zenlan@mstdn.social, GB News and HuffPost

Brent Lang / Variety:

An interview with Chairman of Netflix Film Scott Stuber on releasing fewer films per year in a bet on quality, being more selective about bidding wars, and more — In 2018, “Saturday Night Live” captured the public perception of Netflix as a ceaseless river of content.

Discussion: The Streamable, @variety, @brentalang, @lanceulanoff, The Playlist, Jeremiah McMillan on LinkedIn, The Hollywood Reporter, @nreviewed, @nreviewed, @nreviewed and @nemtastic1

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

Margi Murphy / Bloomberg:

Ahead of the 2024 US election, Microsoft plans to offer a free watermarking tool to help US politicians authenticate their videos and photos to fight deepfakes — - Tool offering comes as concerns grow over fake photos, videos — Microsoft says Russia is ‘huge’ cyber, disinformation threat

Discussion: The Wrap, The Verge and @rumtin, more at Techmeme »

Reuters:

OCCRP co-founder Drew Sullivan: analysis shows government-backed hackers tried to plant NSO's Pegasus 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 …

Kenneth Chang / New York Times:

Nature retracts a high-profile paper that claimed the discovery of a superconductor, the second Ranga P. Dias paper retracted by the journal in just over a year — It was the second paper led by Ranga P. Dias, a researcher at the University of Rochester, that the journal Nature has retracted.

Discussion: Ars Technica, @dangaristo, @ionerrea, Nature, Las Vegas Review-Journal and TechCrunch

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More News:

Todd Spangler / Variety:
SiriusXM rolls out a new logo and plans to debut a new app alongside a cheaper $9.99 per month Streaming All Access Plan, coming to North America on December 14

Discussion: Inside Radio, TechCrunch, Billboard, Bloomberg, The Hollywood Reporter, Sirius XM Holdings Inc., The Verge, Todd Olsted on LinkedIn, @matthewkeyslive, RADIO ONLINE and Digital Music News

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

Discussion: Spotify, Engadget, The Bookseller, 9to5Mac, @engineering_bae, The Verge, Billboard, @yogscastlewis, @richontech, Variety, Publishers Weekly, @spotifynews and TechCrunch, more at Techmeme »

Reuters:
IAC reports Q3 revenue down 15% YoY to $1.11B, net loss up 512% YoY to $390.5M, Dotdash revenue down 11% YoY to $417.5M, and Angi sales down 25% YoY to $371.8M

Jennifer Maas / Variety:
Nexstar reports Q3 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

Discussion: @tvgrimreaper, Nexstar Media Group, Inc. and The Hollywood Reporter

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

Jesse Whittock / Deadline:
ITV reports January to September revenue up 1% YoY to £2.98B, Studios revenue up 9% YoY to £1.52B, ad revenue down 7% YoY, and digital sales up 23% YoY to £340M

Discussion: ITV, The Guardian, Financial Times and Advanced Television

Earlier Picks:

Hanaa' Tameez / Nieman Lab:
How news outlets like the Financial Times, The New York Times, Vox, The Times of India, La Nación, and CNN en Español are using WhatsApp Channels to share news

Discussion: New York Times, @damianradcliffe, @ishaantharoor, @niemanlab, @hanaatameez, David Cohn on LinkedIn and Insider, more at Techmeme »

Simon Owens / Simon Owens's Media Newsletter:
A look at the Sunday Long Read, a newsletter launched in 2015 that curates longform online journalism, and now has 25K+ subscribers and commissions its stories

Discussion: @dvnjr, @jacobfeldman4 and Media Voices

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 2023, Reach laid off 200 to save £30M

Discussion: MediaPost, Financial Times, @joshi, @gareth_davies09, @taj_ali1, @rachelmcgrath, @nujofficial, @joshneicho, @pressgazette, @josiahmortimer, Reuters, National Union of Journalists …, HoldtheFrontPage, Telegraph, London Evening Standard and Press Gazette

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

Discussion: @dannygroner, @chrismohney, @michaelluo, @emilybell, @sarahest@threads.net and @mbrauchli@threads.net

Paul Farhi / Washington Post:
How Joan Kroc's $230M+ donation to NPR in 2003 helped the organization create an endowment, accelerate its national growth, and open new international bureaus

Discussion: @nishatjaan, @farhip and @jamietarabay

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

From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple and OpenAI are preparing a major announcement of their partnership at WWDC; the new AirTag with a better chip is scheduled to arrive by mid-2025

Wall Street Journal:
Sources: US officials have told Google, Meta, and others about concerns that undersea cables could be vulnerable to tampering by China-owned repair ships

Financial Times:
Microsoft, Meta, Google and others pitch smaller language models that are cheaper to build and train, to lower costs and hardware requirements for generative AI

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