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9:05 AM ET, October 18, 2024

Mediagazer

 Top News: 
Sarah Whitten / CNBC:
Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B  —  LOS ANGELES — Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow.
RELATED:
Reuters:
Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available  —  Netflix (NFLX.O) picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million …
Todd Spangler / Variety:
Netflix forecasts 2025 revenue of $43B-$44B, which would be 11%-13% higher than its 2024 guidance, and targets a 2025 operating margin of 28% vs. 27% in 2024  —  Netflix is expecting to keep growing revenue at double-digit percentages in 2025.  —  In reporting Q3 2024 results that beat analyst forecasts …
Mark Stenberg / Adweek:
Bloomberg launches a Weekend Edition to reduce churn; CPO Julia Beizer says the publisher has 740K subscribers, of which about 40% are from outside the US  —  The new editorial product will focus on the intersection of finance and culture, boosting weekend readership
Discussion: Bloomberg and Talking Biz News
Marah Eakin / Wired:
Inside the inaugural Culver Cup, a generative AI film competition sponsored by AWS and FBRC.ai giving filmmakers AI tools and three weeks to submit a short  —  Amazon is hosting AI filmmaking competitions.  Meta is letting directors test Movie Gen. As tech companies develop new tools …
Bron Maher / Press Gazette:
Jon Steinberg, CEO of UK magazine publisher Future, announces plans to step down in 2025 after a 12-month notice period; Steinberg joined in April 2023  —  Steinberg was in the role for approximately a year and a half.  —  Shares in magazine publisher Future plc dropped more than 10% …
Hanaa' Tameez / Nieman Lab:
A year after its launch, The Guardian's European edition generates 15% of the company's pageviews, and one-time donations from European readers increased by 45%  —  After the launch of Guardian Europe, one-time donations from European readers increased by 45%.
Matthew Keys / The Desk:
The FCC proposed a $147K fine against Disney's ESPN after the network used Emergency Alert System tones in promotional spots in 2023; ESPN can appeal  —  The Federal Communications Commission (FCC) has proposed a $147,000 fine against the Walt Disney Company's ESPN after the sports network …
Matthew Keys / The Desk:
Source: Sputnik no longer broadcasts around Washington, DC, or Kansas City, MO, after the State Department imposed new sanctions on Russian-backed broadcasters  —  Radio stations in two markets will be dropping their affiliation with Russia-backed programming distributor Sputnik by the end of the week, The Desk has learned.
 
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 More News: 
Billy Binion / Reason:
The US Supreme Court revives the case of citizen journalist Priscilla Villarreal, who is suing Texas officials for her arrest over asking questions of police
Sara Fischer / Axios:
Memo: Google will block US election ads after the polls close on November 5 to prevent misinfo about voting, including candidates prematurely claiming victory
Miles Kruppa / Wall Street Journal:
Prabhakar Raghavan will leave his role overseeing Google search and ads products, to be replaced by Nick Fox; Raghavan will become Chief Technologist
Sara Fischer / Axios:
Prime Video announces a one-night special on US election results starting at 5pm Nov. 5, hosted by Brian Williams, in Amazon's first news video investment
Jake Kanter / Deadline:
In an email to staff, the BBC says it has abandoned the recruitment process for its first ever royal editor, a position announced in December 2023
 Earlier Picks: 
Charlotte Tobitt / Press Gazette:
The UK's Sun begins rolling out a registration wall asking users to create an account and seems to be applying it mainly to content by its best-known writers
Discussion: One Man & His Blog
Amanda Meade / The Guardian:
An independent report finds Australia's Nine has systemic issues with abuse of power, discrimination, and sexual harassment; Nine pledges to make changes
Benjamin Mullin / New York Times:
Social media users criticize TMZ for publishing a photo purportedly showing the body of ex-One Direction singer Liam Payne, who died in a fall; TMZ removed it
Emma Roth / The Verge:
The US FTC adopts its final “click-to-cancel” rule requiring businesses to make canceling a subscription as easy as signing up, after proposing the rule in 2023
 

 
From Techmeme:

Gavin Anderegg / anderegg.ca:
Bluesky is working to become fully decentralized but it could take years amid financial concerns as it makes money only by selling domains for usernames

Wall Street Journal:
Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuations ever

Wall Street Journal:
Sources: T-Mobile's network was among the systems hacked by the China-linked Salt Typhoon group, and some foreign telecommunications firms were also compromised
 
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