Top News:
Steven Waldman / Columbia Journalism Review:
Jeff Bezos should donate The Washington Post to a public charity that maintains its quality and independence, as he is too financially compromised to own it — His conflicts of interests are insurmountable. He can take a heroic path to strengthen journalism.
Discussion:
Washington Post, Lauren Gustus on LinkedIn, @nypoet, @glastris, Hard-G History, @ckrewson, @froomkin, @mediaevan, @dicktofel, @mikeelk, @margotroosevelt, @ddimick, @lenfestinst, @rich1, @stevenwaldman, @kegill@mastodon.social, Chris Rauber on LinkedIn, @heidilifeldman@mastodon …, Semafor, Press Watch and r/Journalism
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Sarah Scire / Nieman Lab:
A broad group of news outlets attracted new subscribers after WaPo's lack of an endorsement for president; The Philadelphia Inquirer gained 4,200+ subscribers — The Philadelphia Inquirer had its best week for new subscriptions ever and The Guardian U.S. broke its single-day fundraising record — twice.
Georg Szalai / The Hollywood Reporter:
Comcast reports Peacock's Q3 losses fell to $436M, down from $565M in Q3 2023, revenue rose 82% YoY to $1.5B, and subscribers rose 3M from June to 36M — Third-quarter revenue in the conglomerate's studios segment was driven by the strong box office performances of ‘Despicable Me 4’ and ‘Twisters.’
Discussion:
TVNewsCheck, IndieWire and Deadline
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Lillian Rizzo / CNBC:
Comcast reports Q3 net income down 10% YoY to $3.63B and revenue up 6.5% YoY to $32.07B; revenue for media, mainly composed of NBCU, rose 37% YoY to $8.23B — Comcast reports its third-quarter earnings before the bell Thursday. Wall Street will once again be focused on subscriber numbers …
Discussion:
Variety, Reuters, Bloomberg, Barron's Online and Cord Cutters News
Kali Hays / Fortune:
Internal memo: Block CEO Jack Dorsey says Tidal is in for another mass layoff; insiders say as many as 100 people could be laid off, or ~25% of Tidal's staff — Block CEO and founder Jack Dorsey wants streaming music app Tidal to operate like a startup again - and that means layoffs
Discussion:
@kalihays1@threads.net, Digital Music News, San Francisco Chronicle and Benzinga, more at Techmeme »
John O'Nolan:
John O'Nolan, CEO of open-source CMS Ghost, outlines the organization's governance structure and says the platform generates around $7.5M in annual revenue — Ghost is a distributed non-profit foundation which gives away all of its intellectual property under a permissive MIT license.
Alexandra Canal / Yahoo Finance:
Roku reports Q3 revenue up 16% YoY to $1.06B, vs. $1.02B est., 85.5M streaming households, up 2M QoQ, and Q4 guidance below est.; ROKU drops 11%+ — Roku (ROKU) stock fell more than 10% in after-hours trading on Wednesday after the company's Q4 guidance disappointed, despite the media player reporting …
Discussion:
Streaming Better and Media Play News, more at Techmeme »
RELATED:
Caitlin Huston / The Hollywood Reporter:
Starting in Q1 2025, Roku plans to stop giving quarterly updates on the number of streaming households and average revenue per user, following Netflix
Discussion:
Advanced Television, The Wrap, YourStory.com, Motley Fool, Benzinga, Cord Cutters News, Barron's Online, Reuters, Roku Inc., Variety, Deadline and Bloomberg, more at Techmeme »
New Jersey Digest:
The Star-Ledger, New Jersey's largest newspaper, plans to end its print edition on January 30, 2025, citing growing costs and a shrinking demand for print — The Star-Ledger, New Jersey's largest newspaper, will stop publishing its print edition on January 30, 2025, transitioning fully to a digital format.
Discussion:
New Jersey Online, New York Times, @jaspertylerkane, Ivy Charmatz on LinkedIn, @jaspertylerkane, @joeconchatv, Associated Press, Bruno Tedeschi on LinkedIn, @bobbyolivier, New Jersey Globe, @davidfolkenflik, Allison Altobelli on LinkedIn, Morning Call, UPI, New York Post, Jason Notte on LinkedIn, New York Daily News, PennLive, Kevin Whitmer on LinkedIn, @jeffjarvis@mastodon.social and @brianstelter@threads.net
Charlotte Tobitt / Press Gazette:
Ofcom fines GB News £100K for giving Rishi Sunak a “mostly uncontested platform”, but won't enforce payment until judicial review of its decision is complete — Ofcom said Rishi Sunak was given a “mostly uncontested platform” on GB News. — Ofcom has fined GB News £100,000 …
Discussion:
The Guardian, Variety, Advanced Television, GB News, City A.M., Sky News, Telegraph, The Sun, Deadline, The Media Leader, The Mirror and Politics.co.uk
Mia Sato / The Verge:
Fox, ABC, and others are broadcasting graphic and hateful ads paid for by political candidates during the World Series; the FCC requires stations accept the ads — The World Series between the Los Angeles Dodgers and the New York Yankees is in full swing, and millions of people in the US …
Discussion:
FOX 4 Kansas City WDAF-TV
Upmanyu Trivedi / Bloomberg:
Google faces increasing legal challenges from Russia and fines in non-US courts, after YouTube blocked three Russian channels following the invasion of Ukraine — Law experts raise concerns about nationalism rearing its head in courts around the world — When YouTube blocked three Russian channels …
Meta Investor Relations:
Meta reports Q3 revenue up 19% YoY to $40.59B, net income up 35% to $15.69B, and family daily active people up 5% to 3.29B on average for September 2024 — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024.
Committee to Protect Journalists:
Journalists and experts explain why 2024 has been dangerous for press in Pakistan, with at least six journalists killed over direct or suspected work ties — Hope for justice in journalist murders is dim across the world, but especially in Pakistan, which has appeared on CPJ's Global Impunity …
Discussion:
@sonalidhawan_, Al Jazeera, Voice of America, Reuters and Civil Georgia
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