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; NFLX jumps 7%+ — LOS ANGELES — Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow.
Discussion:
Netflix, StreamTV Insider, UPI, The Hill, RetailWire, Los Angeles Times, Benzinga, Las Vegas Review-Journal, Quartz, Barron's Online, The Hollywood Reporter, Motley Fool, The Hollywood Reporter, @lucas_shaw, @carnage4life@mas.to, Sarah Whitten on LinkedIn, AdExchanger, Financial Times, Thurrott, Business Insider, Front Office Sports, Adweek, Light Reading, Neowin, Deadline, The Streamable, Variety, Quartz, Forbes, The Verge, Wall Street Journal, Yahoo Lifestyle, Reuters, Deadline and New York Times
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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 …
Discussion:
MediaPost, Reuters, Barron's Online, Business Insider, Euronews, The Media Leader, @reutersbiz, Associated Press, Observer, Forbes, Adweek, Bloomberg, Capital Brief, StreamTV Insider, The Times, Entrepreneur, RTÉ, The Wrap, The Desk, IndieWire, TVNewsCheck, Deadline and Advanced Television, more at Techmeme »
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
Discussion:
Fast Company, Benzinga, Deadline, Fortune, MediaPost, @pkafka, WORLD SCREEN, Motley Fool, The Hollywood Reporter and The Information
CNN:
A federal judge issues a restraining order against Florida's surgeon general for threatening TV stations with criminal charges for airing a pro-abortion ad — New York CNN — — “To keep it simple for the State of Florida: it's the First Amendment, stupid.”
Discussion:
Reuters, Washington Post, Orlando Sentinel, Slate, Advocate, Fox News, @twrling@sfba.social, NBC Bay Area, Techdirt, The Week, Tampa Bay Times, The Guardian, Reason, Axios, Digby's Hullabaloo, New York Times, @unbonfromage@threads.net, Florida Politics, New Republic, Mediaite, Joe.My.God., Raw Story, The Hill and Florida Phoenix
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
Kirsten Eddy / Pew Research Center:
Pew: 37% of Republicans and 38% of Democrats trust information from social media; 40% of Republicans and 78% of Democrats trust national news organizations — Republicans are now nearly as likely to trust the information that comes from social media sites as they are to trust information …
Richard J. Tofel / Second Rough Draft:
Some Knight Foundation grantees detail funding issues, including long delays after approval, and say they've been told it is pausing most grants through H1 2025 — Looking at front-loading, an unannounced strategic review, and a hold on “prioritizing” new grants
Financial Times:
Filings: Nigel Farage has increased his shares in GB News from 300K shares to 500K, and George Farmer, former CEO of Parler, has become an investor — City fund manager Helena Morrissey and chief executive Angelos Frangopoulos also awarded extra stock — Nigel Farage has increased …
Jennifer Smith / CommonWealth Beacon:
A look at Melrose Update Robocast, a podcast generated using Google's NotebookLM and public documents and born of frustration with a Massachusetts news desert — Robocast creator calls it ‘an act of desperation’ with decline in local news — Stay in the know. — A NEW LOCAL PODCAST covering Melrose debuted this month.
Discussion:
@morisy@jawns.club, Media Nation and Wired, more at Techmeme »
Sahil Patel / The Information:
LinkedIn woos publishers, testing a “News Banner” on its mobile app feed and a video ad program that sources say will earn Bloomberg and WSJ $2M+ each in 2024 — As Facebook owner Meta Platforms has backed away from news, Microsoft's LinkedIn has leaned into it.
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 …
Discussion:
Todd Terrazas on LinkedIn
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 — Shares in magazine publisher Future plc dropped more than 10% on Friday morning after the company announced the departure …
Discussion:
London Stock Exchange, Investing.com, Bloomberg, The Times and The Media Leader
Jason Koebler / 404 Media:
Hobbyists post the code for Redbox kiosk software online, and tinkerers have been probing how it works, sometimes repurposing abandoned machines to run Doom — The code that runs Redbox DVD rental machines has been dumped online, and, in the wake of the company's bankruptcy …
Discussion:
Gizmodo, @rysiek@mstdn.social and Ars Technica
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