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11:50 AM ET, November 5, 2024

Mediagazer

 Top News: 
Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe and its subsidiary TuneCore for $500M+, alleging Believe built its business via “industrial-scale copyright infringement”  —  Universal Music Group (UMG), along with ABKCO Music & Records, and Concord Music Group, filed a major copyright infringement lawsuit …
Reuters:
French judicial source: investigators searched Netflix's offices in France and the Netherlands as part of a preliminary investigation into tax fraud laundering  —  Investigators searched the offices of U.S. streaming giant Netflix (NFLX.O) in France and the Netherlands as part …
Manish Singh / TechCrunch:
India issues a notice to Wikipedia over bias concerns, questioning if it should be classified as a publisher, after judges called its open editing “dangerous”  —  Wikipedia is facing mounting regulatory pressure in India as local authorities question whether the platform …
Christopher Palmeri / Bloomberg:
Sources: Shari Redstone does not plan to stay on the board of Paramount Global after the company completes its planned merger with Skydance Media  —  Shari Redstone won't stay on the board of Paramount Global after the company completes its planned merger with Skydance Media, according to people familiar with her plans.
Discussion: The Wrap and TVNewsCheck
Devin Coldewey / TechCrunch:
As the NYT Tech Guild goes on strike, Perplexity CEO Aravind Srinivas offers the AI company's services to the NYT to help ensure election coverage is available  —  The CEO of AI search company Perplexity, Aravind Srinivas, has offered to cross picket lines and provide services to mitigate …
RELATED:
Max Tani / @maxwelltani:
In email to staff, AG Sulzberger says the NYT Tech Guild strike will likely continue through the election and accuses the Guild of blocking essential journalism
Katie Robertson / New York Times:
The Times Tech Guild, representing 600+ NYT devs, data analysts, and more, goes on strike ahead of the US election; management offered a 2.5% annual wage rise
Joshua Benton / Nieman Lab:
Around 75% of the largest US newspapers aren't endorsing anyone for president this year, as publishers try not to annoy any sliver of their remaining customers  —  Led by risk-averse corporate owners, dozens of the biggest U.S. newspapers have decided their editorials should express opinions …
Jay Peters / The Verge:
Netflix plans to delist nearly all of its interactive shows and films as of December 1, saying the tech “served its purpose”, after launching the format in 2017  —  Netflix's “Interactive Specials” page lists 24 titles, but only four will remain: Black Mirror: Bandersnatch …
Daniel Thomas / Financial Times:
BBC Chair Samir Shah calls for UK's “outdated” regulatory regime to be improved to let public service broadcasters compete with US streaming giants for viewers  —  Samir Shah wants regulatory regime improved so public service broadcasters can act with ‘agility, flexibility, and pace’
The Information:
Sources: ByteDance's international revenue grew 60%+ YoY to ~$17B in H1 2024, and overall revenue grew 35% YoY to ~$73B, after growing 40% YoY in H1 2023  —  TikTok parent ByteDance increased its international revenue more than 60% to about $17 billion in the first half of 2024 …
Sara Fischer / Axios:
Meta informs ad partners that it will extend its ban on new election ads for the week leading up to the election until several days after the polls close  —  - It later adjusted its policies to temporarily stop all social issue, electoral, or political ads from running after the polls closed on November 3rd.
Elisabeth Egan / New York Times:
An interview with Craig Garnett, the publisher of The Uvalde Leader-News, about his new book Uvalde's Darkest Hour, the aftermath of the school shooting, more  —  Craig Garnett, the publisher of The Uvalde Leader-News, opens up about covering a tragedy that was — and is — too close to home.
Etan Vlessing / The Hollywood Reporter:
Altice USA's Optimum lost 77K subscribers in Q3, bringing total subs to 2.1M; revenue fell 4% YoY to $2.2B, with a loss of $43M, down from a $66.8M profit YoY  —  The cable operator, led by Dennis Mathew, has introduced new digital TV packages to target cord-cutters and consumers shifting online.
 
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 More News: 
Alyson Krueger / New York Times:
A profile of Town & Country EIC Stellene Volandes, who is trying to keep the Hearst-owned 178-year-old magazine relevant via social media and its website
 Earlier Picks: 
Alex Weprin / The Hollywood Reporter:
Source: NBC gave the Trump campaign free commercial time in response to Harris' SNL appearance, including an unusual ad during Sunday's NASCAR coverage
Fox:
Fox Corp reports Q1 revenue up 11% YoY to $3.6B, affiliate revenue up 6% YoY to $1.8B, ad revenue up 11% YoY to $1.3B due to political ads, and $832M net income