Top News:
Jennifer Maas / Variety:
Amazon reports Q3 ad revenue up 19% YoY to $14.33B, vs. $14.25B estimated, amid the company's push to insert ads into Prime Video — Amazon reported its third-quarter 2024 earnings, revealing ad sales rose 19% year over year amid the company's push to insert ads into Prime Video.
Discussion:
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Amazon Inc.:
Amazon Q3: revenue up 11% YoY to $158.9B, a $15.3B net income vs. $9.9B in Q3 2023, a $17.4B operating income vs. $11.2B in Q3 2023; AMZN jumps 5%+ after hours — Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its third quarter ended September 30, 2024.
Discussion:
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Annie Palmer / CNBC:
Amazon reports Q3 AWS revenue up 19% YoY to $27.5B and AWS operating income of $10.4B, up from $7B in Q3 2023, and subscription sales up 11% to $11.3B — - CNBC Councils — CNBC on Peacock — Join the CNBC Panel — Supply Chain Values — Select Shopping — Ad Choices
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The Wrap, Benzinga, Quartz, The Information, Media Play News, Yahoo Finance and GeekWire, more at Techmeme »
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, Sewell Chan on LinkedIn, @nypoet, @tvgrimreaper, @glastris, @ckrewson, @froomkin, @mediaevan, @dicktofel, @mikeelk, @margotroosevelt, Newser, Harrie Vredenburg on LinkedIn, @ddimick, @lenfestinst, @rich1, @stevenwaldman, Lauren Gustus on LinkedIn, Hard-G History, @kegill@mastodon.social, Chris Rauber on LinkedIn, @heidilifeldman@mastodon …, Semafor and r/Journalism
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Oliver Darcy / Status:
Sources: potential buyers line up in case Jeff Bezos ever sells WaPo, including Kara Swisher, who would assemble investors and seek to merge it with Vox Media
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 …
Discussion:
Fast Company, Wall Street Journal, StreamTV Insider, Variety, New York Post, Jessica Toonkel on LinkedIn, TVNewsCheck, Tv Technology, New York Times, Radio Ink, The Hollywood Reporter, MediaPost, @acrostical.bsky.social, @bristei, Adweek, Axios, WORLD SCREEN, Advanced Television and CNBC
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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
Discussion:
TVNewsCheck, Deadline, The Desk, The Wrap, Benzinga, Media Play News, The Streamable, Cord Cutters News, IndieWire, Streaming Better and Variety
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
Discussion:
9to5Mac, Motley Fool, MediaPost, Sportico, Light Reading, Cord Cutters News, Tv Technology, Bloomberg, The Information, The Streamable, Reuters and Barron's Online
Shirin Ghaffary / Bloomberg:
OpenAI unveils ChatGPT Search to let users search for timely information using GPT-4o, after testing the feature in July 2024, a direct challenge to Google — The new option will let the chatbot's users search for timely information much as they would on the web.
Discussion:
Adweek, Reuters, Fast Company, TechCrunch, Associated Press, Gizmodo, Yahoo Finance, MarTech, Eric Herbel on LinkedIn, VentureBeat, The Information, Forbes, GeekWire, Quartz, CNBC, Wired and Ars Technica, more at Techmeme »
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Gerrit De Vynck / Washington Post:
OpenAI says ChatGPT Search draws on articles from the WSJ and others it has deals with, and will direct election-related queries to sources like AP and Reuters
Discussion:
Fast Company, Digital Trends, Android Authority, 9to5Mac, BGR, Engadget, Financial Times, The Verge, Android Authority, Search Engine Land, VentureBeat, 9to5Google and DNyuz, more at Techmeme »
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
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.
ProPublica:
An investigation finds eight deceptive operations on Meta's platforms that collectively controlled 340+ Pages and placed 160K ads to collect users' information — Co-published with Tow Center for Digital Journalism — Deceptive Political Ads: Eight deceptive advertising networks …
Todd Spangler / Variety:
Apple reports Q4 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 12% YoY to $24.97B, a new quarterly record, but below est. — Apple missed Wall Street earnings forecasts, as smartphone revenue — including sales of its new AI-enabled iPhone 16 …
Discussion:
New York Times, The Information, Quartz, Media Play News, @lexnfx, @lexnfx, Apple Inc. and The Hollywood Reporter, more at Techmeme »
Washington Post:
Analysis: 26 prominent podcasts have amplified unfounded claims about the integrity of the 2024 US election, in a format challenging for researchers to monitor — Claims aired on the free-flowing and beloved medium could undercut trust in the results of a razor-tight election, experts say.
Nico Grant / New York Times:
Media Matters: from May to August 2024, the top 30 conservative YouTube channels posted 286 videos containing US election misinformation, racking up 47M+ views — In June 2023, YouTube decided to stop fighting the most persistent strain of election misinformation in the United States …
Discussion:
Reclaim The Net and Media Matters for America, more at Techmeme »
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