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8:40 AM ET, November 1, 2024

Mediagazer

 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 …
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.
Jack Neff / Ad Age:
A survey of US advertisers and agencies: 49% said alternative currencies were just as effective as Nielsen and 36% said they were more effective than Nielsen  —  Nielsen remains dominant, but a growing number of advertisers have tried alternatives and most find them equal or better
Financial Times:
BBC World Service secures a 25% increase in its government grant for 2025/26; sources: £27M has been agreed, on top of baseline funding of £104M this year  —  Executives have warned that cuts have left the UK struggling to counter a rise in Russian and Chinese propaganda
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 …
Columbia Journalism Review:
Reporters from the UK, Singapore, Iran, Japan, Haiti, Brazil, Italy, and Hungary describe the complexities of covering US elections for various audiences  —  Foreign reporters on covering the Americanest election imaginable.  —  Richard Hall  —  THE INDEPENDENT (UK)
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.
RELATED:
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
@scngguild:
[Thread] The SCNG Guild reaches a tentative deal with management at Alden's Southern California News Group, averting a potential strike  —  🚨🚨We've reached a tentative agreement! Our Nov. 2 rally in Santa Ana is canceled and we are lifting our strike deadline for now. We will hold a ratification vote soon. Here are some of the gains we've made:
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 …
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 …
RELATED:
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
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
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  —  Observer staff have been warned that “difficult decisions” lie ahead if the Tortoise deal to buy the title does not go ahead …
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
 
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 More News: 
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
ProPublica:
An investigation finds eight deceptive operations on Meta's platforms that collectively controlled 340+ Pages and placed 160K ads to collect users' information
 Earlier Picks: 
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
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
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
Discussion: Advocate
Andrew Webster / The Verge:
Nintendo launches Nintendo Music, an iOS and Android app that lets Switch Online subscribers stream or download gaming tunes from Nintendo titles
 

 
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

Esha Dey / Bloomberg:
Tesla's shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla's ambitions

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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