Top News:
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. — iPhone sales tick up 5.5% in September quarter, above analyst forecasts … The company reported revenue of $94.93 billion …
Discussion:
Bloomberg, @bloombergtv, @lexnfx, @lexnfx, Apple Inc., Media Play News and The Hollywood Reporter, more at Techmeme »
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:
MediaPost, Platformer, Kevin Foo on LinkedIn, Adweek, Associated Press, Gizmodo, TechCrunch, VentureBeat, Search Engine Land, Ars Technica, Wired, The Information, Digital Trends, CNBC, Reuters, Fast Company, BGR, Forbes, 9to5Google, MarTech, Yahoo Finance, GeekWire, Quartz and Eric Herbel on LinkedIn, 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:
CNET, Fast Company, VentureBeat, Engadget, 9to5Mac, The Verge, Android Authority, DNyuz, Android Authority and Financial Times, more at Techmeme »
Jennifer Maas / Variety:
Amazon reports Q3 ad revenue up 19% YoY to $14.33B, vs. $14.25B est., amid its push to insert ads into Prime Video, and subscription sales up 11% YoY to $11.3B — 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:
CNBC, The Wrap, Mark Ma on LinkedIn, Music Business Worldwide, Media Play News and Reuters, more at Techmeme »
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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:
Benzinga, Quartz, GeekWire, Yahoo Finance and Cord Cutters News, more at Techmeme »
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:
Wall Street Journal, StreamTV Insider, Fast Company, New York Times, The Hollywood Reporter, Los Angeles Times, New York Post, @rfaughnder, @bristei, Adweek, Tv Technology, MediaPost, @acrostical.bsky.social, Radio Ink, Variety, TVNewsCheck, WORLD SCREEN, Jessica Toonkel on LinkedIn, Axios, Advanced Television, Bloomberg 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, Variety, IndieWire, Media Play News, Cord Cutters News, The Desk, Streaming Better, Benzinga, The Wrap and The Streamable
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:
Quartz, Light Reading, Motley Fool, Tv Technology, 9to5Mac, Sportico, The Information, MediaPost, The Streamable, Cord Cutters News, Barron's Online and Reuters, 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:
@lebatardshow, Washington Post, Emi Kolawole on LinkedIn, Sewell Chan on LinkedIn, @wdlindsy@toad.social, @tvgrimreaper, Newser, Harrie Vredenburg on LinkedIn, @nypoet, @mikeelk, @ddimick, @froomkin, @mediaevan, @dicktofel, @glastris, @lenfestinst, @margotroosevelt, @rich1, @stevenwaldman, @ckrewson, Lauren Gustus on LinkedIn, Hard-G History, Evan Benn on LinkedIn, @kegill@mastodon.social, Chris Rauber on LinkedIn, @heidilifeldman@mastodon …, Nieman Lab, NPR and r/Journalism
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Dominick Mastrangelo / The Hill:
Trump sues CBS News in a Texas court, claiming CBS engaged in election interference “through malicious, deceptive” editing of its 60 Minutes Harris interview — Former President Trump is suing CBS News over a “60 Minutes” interview it broadcast with Vice President Harris earlier …
Discussion:
Washington Post, The Wrap, CBS News, Sky News, One America News Network, @joshgerstein, Alternet.org, Daily Caller News Foundation, Deadline, @ArmyGirl@mastodon.world, Le·gal In·sur·rec·tion, The Gateway Pundit, Financial Times, @ncweaver.skerry-tech.com, @mmasnick.bsky.social, Washington Times, Metro.co.uk, Townhall, Axios, New York Post, Daily Mail, Reuters, RedState, Blaze Media, @emptywheel, @joshuaadouglas, @tomryanlaw, @ericcolumbus, @binarybits, @doriandavis, @emptywheel, The Daily Signal, @cahnemily, @reichlinmelnick and The Independent
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 »
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 …
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 has fined GB News £100,000 after it ruled the broadcaster gave then-Prime Minister Rishi Sunak a …
Discussion:
GB News, Financial Times, OK!, City A.M., Sky News, The Guardian, Telegraph, The Sun, Deadline, ofcom.org.uk, Variety, The Media Leader, The Mirror and Politics.co.uk
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.
Kate Lindsay / Embedded:
Q&A with Semafor's Max Tani on left-wing criticism claiming media doesn't cover some news, which he attributes to personalized feeds and passive consumption — Semafor's Max Tani on a common Twitter gripe — Embedded is your essential guide to what's good on the internet, written by Kate Lindsay and edited by Nick Catucci.
Discussion:
@semaforcomms
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.
Dominic Ponsford / Press Gazette:
Guardian Media Group CEO Anna Bateson shares details of Tortoise Media's bid for The Observer and says “difficult decisions” are ahead if the deal falls through — Anna Bateson says Observer is loss-making but has chance to be sustainable with Tortoise.
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Sky News, Press Gazette and New Statesman
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