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5:45 PM ET, October 17, 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:
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 …
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.
Brody Ford / Bloomberg:
Industry forums indicate payouts from Adobe to contributors to Adobe Stock, used to train AI, range widely from two to four figures for major video contributors  —  Adobe thinks it has found a cure for AI job anxiety: cash.  But first...  • ASML is being questioned by Dutch authorities …
Meta:
Meta announces first results from its work with Blumhouse Productions on a pilot program seeking creative industry feedback on Meta's AI video model Movie Gen  —  We recently introduced Meta Movie Gen—a suite of AI models that show how you can use simple text inputs to produce custom videos and sounds …
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  —  Priscilla Villarreal's case is about whether certain reporters have more robust free speech rights than others.
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%.
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  —  The Sun has begun rolling out a registration wall asking users to sign up for free to read certain stories.
Discussion: One Man & His Blog
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 …
Alexandra Alter / New York Times:
ByteDance's publishing imprint 8th Note Press is expanding into print and plans to release 10-15 books per year, after launching as an ebook publisher in 2023  —  ByteDance, the Chinese tech giant that owns TikTok, will focus its publisher, 8th Note Press, on popular genres such as romance, romantasy and young adult fiction.
 
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 More News: 
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
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
 Earlier Picks: 
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
Paul Linford / HoldtheFrontPage:
The National Union of Journalists calls the BBC's cuts “a damaging assault on journalism”; cuts include a net loss of 130 jobs and the end of tech show Click
Jessica Toonkel / Wall Street Journal:
Sources: NBCUniversal plans to add its regional sports channels to Peacock as soon as early 2025, streaming Boston, Philadelphia, and Northern California teams
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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