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9:50 AM ET, October 31, 2024

Mediagazer

 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.
RELATED:
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.’
RELATED:
John O'Nolan:
Ghost's CEO details the organization's governance structure and says the open-source CMS generates ~$7.5M in annual revenue and has been profitable for 12 years  —  Ghost is a distributed non-profit foundation which gives away all of its intellectual property under a permissive MIT license.
Dade Hayes / Deadline:
In its Q3 earnings call, Comcast CEO Mike Cavanagh says the company is weighing spinning off its cable networks and open to “partnerships in streaming”  —  Comcast President Mike Cavanagh delivered an eye-opening update to investors on this morning's third-quarter earnings call …
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 …
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
Andrew Webster / The Verge:
Disney+ rolls out a top 10 list on the app's home screen, in line with Netflix, Max, Apple TV+, and Prime Video  —  As Disney Plus has grown, finding things to watch has become increasingly challenging.  So the streaming service is rolling out a top 10 list featured on the home screen in hopes of improving discoverability.
Discussion: BGR and The Walt Disney Company
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 …
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.
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 …
 
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 More News: 
Kyle Orland / Ars Technica:
How The New York Times used LLMs to help reporters sort through hundreds of hours of audio to report on the Republican-affiliated Election Integrity Project
Peter White / Deadline:
The Grammys, which have aired on CBS for over 50 years, will air on ABC, Hulu, and Disney+ starting from 2027, as part of a 10-year deal
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
 Earlier Picks: 
Washington Post:
CCDH: of 283 X posts in 2024 with false election claims that Community Notes members had responded to, only 20 had notes with enough votes to be publicly shown
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
Alex Weprin / The Hollywood Reporter:
Amazon invests in Spotter, a creator platform that counts MrBeast as a client and provides capital and tools to creators, as part of a wider partnership
 

 
From Techmeme:

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

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November

Bloomberg:
Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
 
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