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8:50 AM ET, October 30, 2024

Mediagazer

 Top News: 
Edward Helmore / The Guardian:
Source: WaPo subscription cancellations hit 250,000 on Tuesday, or 10% of subscribers, since October 25, based on the number of cancellation emails sent out  —  Reader backlash against decision not to make presidential endorsement rolls on despite Bezos defense of decision
RELATED:
Semafor:
WaPo subscribers canceling shows how much its anti-Trump stance was marketing, as many seemed to be there for the mission, not necessarily the content
Erik Wemple / Washington Post:
Though Jeff Bezos' decision to block WaPo's presidential endorsement is editorially violent and destabilizing fiat, he is acting within his rights as the owner
Variety:
Barcelona-based Grup Mediapro launches a €1B sports rights brokering fund, targeting established and emerging sports  —  Grup Mediapro, the Barcelona-based global holding including The Mediapro Studio, is launching and will manage a €1 billion ($1.1 billion) sports rights brokering fund …
Todd Spangler / Variety:
An amended FCC filing shows that Skydance CEO David Ellison will hold 100% of the Ellison family's voting interests in the combined Paramount-Skydance company  —  Prior documentation indicated that Oracle founder Larry Ellison would be majority owner of National Amusements Inc.
Todd Spangler / Variety:
YouTube Q3 ad revenue grew 12.2% YoY to $8.92B, vs. $8.89B est.; total ads and subscription revenues passed $50B over the past four quarters for the first time  —  YouTube generated a cool $8.92 billion in advertising revenue for the third quarter of 2024 as the world's biggest video-streaming …
Jeff Jarvis / Columbia Journalism Review:
Journalists and liberal critics blast the NYT and other US news outlets for “sanewashing”, false equivalence, and more, and call for sharper political reporting  —  From sanewashing to false equivalence, many readers have had it with their favorite news publications.  Editors would do well to listen.
Amanda Meade / The Guardian:
Australia's ABC Chair Kim Williams says pursuing “digital titans for a fair cut of the revenues drained from mainstream journalism” is a “democratic imperative”  —  Kim Williams says funding local news and public interest journalism is crucial in a world where 'the distortion …
Discussion: Crikey
Neel Dhanesha / Nieman Lab:
A decade after the Serial podcast launched, public radio executives say they think true crime podcasts can bolster interest and support for their organizations  —  Amid the downturn in audio, some executives think the public radio model — with a dash of true crime — might provide a way forward.
Discussion: Nieman Lab and Nieman Lab
Jeremy Fuster / The Wrap:
SAG-AFTRA announces a deal with Ethovox, an AI company building a “foundational voice model” based on voices of members, who would get an ongoing revenue share  —  The company, owned and run by voice actors, will guarantee consent and compensation for union members with whom it works
Discussion: The Verge, SAG-AFTRA and Deadline
Jonathan Vanian / CNBC:
Snap reports Q3 revenue up 15% YoY to $1.37B vs. $1.36B est., DAUs up 9% YoY to 443M, issues light Q4 guidance, and announces $500M stock repurchase program  —  Snap reported better-than-expected third-quarter results on Tuesday, but issued light fourth-quarter guidance.  The stock slipped in extended trading.
Jonathan Vanian / CNBC:
Reddit reports Q3 revenue up 68% YoY to $348.4M, vs. $312.8M est., DAUs up 47% YoY to 97.2M, vs. 96.5M est., ARPU of $3.58, vs. $3.24 est.; RDDT jumps 24%+  —  Reddit shares jumped 16% in extended trading on Tuesday after the social media company reported third-quarter results …
 
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 More News: 
Ted Johnson / Deadline:
Andrea Mitchell says she will end her daily MSNBC show in January after the inauguration but will keep reporting for NBC News; she joined the network in 1978
Ben Thompson / Stratechery:
Meta is well positioned to be AI's main beneficiary, including by applying generative AI to ads, which at some point will be indistinguishable from content
Bloomberg:
Netflix signs a deal with NBCU to license live-action films starting in 2027 and renews its agreement for DreamWorks and Illumination animated films
Josh Fiallo / The Daily Beast:
USA Today says it won't issue a presidential endorsement, nor will any of Gannett's 200 other papers; USA Today's 2020 Biden endorsement was a first since 1982
 Earlier Picks: 
Josh Dickey / The Wrap:
The Baltimore Sun Guild says the paper dissolved its features section and reassigned staff, leaving it without culture coverage for the first time since 1888
James Rainey / Los Angeles Times:
Sources: the LA Times, with fewer than 400,000 subscribers, saw 7,000+ cancellations for “editorial reasons” after declining to endorse in the presidential race
Mariella Moon / Engadget:
Amazon plans to shut down its Kindle Vella serialized story platform in February 2025; users won't lose access to unlocked stories after the program closes
Georg Szalai / The Hollywood Reporter:
Vivendi's supervisory board approves a plan to separate Canal+, Havas, and Louis Hachette Group from Vivendi; shareholders are set to vote on December 9
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing
 
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